Caterpillar (CAT) FCF Margin (2009 - 2026)
Caterpillar (CAT) recorded FCF Margin of 15.87% in Q2 2026, up 2.79 percentage points from 13.08% a year earlier and up 11.17 percentage points from the prior quarter.
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Analysis
Caterpillar (CAT) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Caterpillar's FCF Margin came in at 12.04% as of Jun 30, 2026, down 0.22 percentage points year-over-year; for FY2025, it came in at 11.03%, down 2.58 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +0.94 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 13.61% in FY2024 (-0.99 pp), 14.60% in FY2023 (+5.91 pp), 8.69% in FY2022 (-0.58 pp) and 9.27% in FY2021 (-0.82 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin since Q3 2024.
- On a year-over-year basis, FCF Margin rose in two of the last eight quarters, with an average year-over-year change of -1.58 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 7.88 percentage points in Q1 2023, against a drop of 16.79 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.70% (Q1 2026), 11.75% (Q4 2025) and 15.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 282.34 Bn | 282.34 Bn | - | - |
| 2 | Amphenol | 196.37 Bn | 189.89 Bn | 4.02 Bn | - |
| 3 | Deere | 180.40 Bn | 148.49 Bn | 4.66 Bn | 10.35% |
| 4 | Eaton | 142.03 Bn | 139.22 Bn | 2.86 Bn | 10.24% |
| 5 | Parker-Hannifin | 117.42 Bn | 115.55 Bn | 2.25 Bn | 27.16% |
| 6 | Emerson Electric | 93.00 Bn | 85.73 Bn | 2.66 Bn | 27.13% |
| 7 | 3M | 92.98 Bn | 74.42 Bn | 2.78 Bn | 3.49% |
| 8 | Vertiv Holdings | 86.47 Bn | 75.32 Bn | 1.64 Bn | 15.19% |
| 9 | Illinois Tool Works | 82.63 Bn | 79.31 Bn | 1.91 Bn | 20.09% |
| 10 | Cummins | 69.15 Bn | 65.22 Bn | 2.47 Bn | 13.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.87% |
| Mar 31, 2026 | 4.70% |
| Dec 31, 2025 | 11.75% |
| Sep 30, 2025 | 15.12% |
| Jun 30, 2025 | 13.08% |
| Mar 31, 2025 | 2.60% |
| Dec 31, 2024 | 14.53% |
| Sep 30, 2024 | 17.67% |
| Jun 30, 2024 | 13.79% |
| Mar 31, 2024 | 8.33% |
| Dec 31, 2023 | 18.45% |
| Sep 30, 2023 | 19.51% |
| Jun 30, 2023 | 14.68% |
| Mar 31, 2023 | 5.19% |
| Dec 31, 2022 | 12.24% |
| Sep 30, 2022 | 12.43% |
| Jun 30, 2022 | 11.50% |
| Mar 31, 2022 | -2.69% |
| Dec 31, 2021 | 4.54% |
| Sep 30, 2021 | 9.30% |
API Access
Caterpillar FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();