Caterpillar (CAT) FCF Margin (2009 - 2026)
Caterpillar (CAT) recorded quarterly FCF Margin of 8.88% in Q1 2026, down 36.89% quarter-over-quarter from 14.08% in Q4 2025, and up 482.0% on a YoY basis from 1.53% in Q1 2025.
Caterpillar (CAT) FCF Margin (2009 - 2026) Analysis & Trends
Caterpillar's FCF Margin history runs 18 years deep, the most recent figure standing at 8.88% for Q1 2026.
- In Q1 2026, FCF Margin rose 482.0% year-over-year to 8.88%; the TTM figure through Mar 2026 stood at 13.97% (down 116.0% YoY), while the FY2025 annual figure was 13.19%, down 348.0% from the prior year.
- FCF Margin was 8.88% for Q1 2026 at Caterpillar, down from 14.08% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 22.44% in Q3 2023 to a low of 0.15% in Q1 2022.
- Historically, FCF Margin has averaged 13.9% across 5 years, with a median of 14.48% in 2024.
- Biggest YoY gain for FCF Margin was 9057 bps in 2022; the steepest drop was 4055 bps in 2022.
- A 5-year view of FCF Margin shows it stood at 13.92% in 2022, then soared by 50 bps to 20.91% in 2023, then fell by 10 bps to 18.87% in 2024, then retreated by 25 bps to 14.08% in 2025, then tumbled by 37 bps to 8.88% in 2026.
- The last three FCF Margin figures came in at 8.88% (Q1 2026), 14.08% (Q4 2025), and 17.46% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 397.22 Bn | 393.14 Bn | 6.11 Bn | 8.88% |
| 2 | Deere | 151.61 Bn | 143.71 Bn | 13.06 Bn | 12.99% |
| 3 | Paccar | 60.18 Bn | 59.49 Bn | 1.36 Bn | 11.82% |
| 4 | Oshkosh | 8.00 Bn | 7.75 Bn | 311.90 Mn | -8.16% |
| 5 | Terex | 5.74 Bn | 5.35 Bn | 206.00 Mn | -3.29% |
| 6 | Blue Bird | 2.18 Bn | 1.91 Bn | 70.65 Mn | 11.32% |
| 7 | Alamo | 1.82 Bn | 1.62 Bn | 104.81 Mn | -6.72% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 7.49% |
| 9 | Astec Industries | 1.14 Bn | 1.06 Bn | 99.10 Mn | 10.24% |
| 10 | Hyster-Yale | 613.93 Mn | 618.23 Mn | 124.80 Mn | -5.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.88% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 17.46% |
| Jun 30, 2025 | 15.49% |
| Mar 31, 2025 | 4.06% |
| Dec 31, 2024 | 18.87% |
| Sep 30, 2024 | 21.84% |
| Jun 30, 2024 | 14.48% |
| Mar 31, 2024 | 11.49% |
| Dec 31, 2023 | 20.91% |
| Sep 30, 2023 | 22.44% |
| Jun 30, 2023 | 16.19% |
| Mar 31, 2023 | 7.85% |
| Dec 31, 2022 | 13.92% |
| Sep 30, 2022 | 15.35% |
| Jun 30, 2022 | 13.18% |
| Mar 31, 2022 | -0.15% |
| Dec 31, 2021 | -76.65% |
| Sep 30, 2021 | 55.89% |
| Jun 30, 2021 | -29.74% |