Caterpillar (CAT) FCF Margin (2009 - 2026)
Caterpillar (CAT) recorded FCF Margin of 18.42% in Q2 2026, up 2.93 percentage points from 15.49% a year earlier and up 11.86 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 14.32% as of Jun 30, 2026, up 0.12 percentage points year-over-year; for FY2025, it came in at 13.19%, down 2.31 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +0.76 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 15.50% in FY2024 (-1.33 pp), 16.83% in FY2023 (+5.96 pp), 10.88% in FY2022 (-0.54 pp) and 11.42% in FY2021 (-1.02 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 -1.51 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 7.50 percentage points in Q1 2023, against a drop of 14.34 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.56% (Q1 2026), 14.08% (Q4 2025) and 17.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.94 Bn | 323.64 Bn | 7.76 Bn | 18.42% |
| 2 | Amphenol | 209.39 Bn | 203.97 Bn | 3.55 Bn | 13.72% |
| 3 | Deere | 174.05 Bn | 142.14 Bn | 4.66 Bn | 12.45% |
| 4 | Eaton | 165.12 Bn | 162.30 Bn | 2.86 Bn | 10.24% |
| 5 | Parker-Hannifin | 120.51 Bn | 118.63 Bn | 2.25 Bn | 27.16% |
| 6 | Emerson Electric | 90.72 Bn | 83.46 Bn | 2.66 Bn | 27.13% |
| 7 | Vertiv Holdings | 90.08 Bn | 80.70 Bn | 1.23 Bn | 28.30% |
| 8 | 3M | 83.97 Bn | 65.37 Bn | 2.68 Bn | 11.74% |
| 9 | Illinois Tool Works | 75.88 Bn | 72.44 Bn | 1.90 Bn | 14.67% |
| 10 | Cummins | 72.44 Bn | 68.52 Bn | 2.47 Bn | 13.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.42% |
| Mar 31, 2026 | 6.56% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 17.46% |
| Jun 30, 2025 | 15.49% |
| Mar 31, 2025 | 4.06% |
| Dec 31, 2024 | 16.59% |
| Sep 30, 2024 | 19.40% |
| Jun 30, 2024 | 16.06% |
| Mar 31, 2024 | 9.82% |
| Dec 31, 2023 | 20.99% |
| Sep 30, 2023 | 21.75% |
| Jun 30, 2023 | 16.73% |
| Mar 31, 2023 | 7.26% |
| Dec 31, 2022 | 14.82% |
| Sep 30, 2022 | 14.31% |
| Jun 30, 2022 | 13.27% |
| Mar 31, 2022 | -0.24% |
| Dec 31, 2021 | 7.59% |
| Sep 30, 2021 | 11.35% |
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();