Caterpillar (CAT) FCF Payout Ratio (2009 - 2026)
Caterpillar's FCF Payout Ratio was 0.18 in Q2 2026, down 28.7% from 0.26 a year earlier and down 70.1% from the prior quarter.
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Analysis
Caterpillar (CAT) FCF Payout Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Caterpillar's FCF Payout Ratio was 0.26 through Jun 30, 2026, down 12.7% year-over-year; for FY2025, it was 0.31, up 17.0% from FY2024.
- In earlier years, FCF Payout Ratio was 0.26 in FY2024 (+16.0%), 0.23 in FY2023 (-39.9%), 0.38 in FY2022 (-5.8%) and 0.40 in FY2021 (-7.3%).
- The Q2 2026 figure marks the lowest quarterly FCF Payout Ratio since Q3 2023.
- Compared with a year earlier, FCF Payout Ratio was higher in six of the last eight quarters, with growth averaging 22.2%.
- The best year-over-year quarter for FCF Payout Ratio over five years was Q1 2025 (growth of 178.8%); the worst was Q4 2022 (a decline of 55.9%).
- Per Business Quant data, CAT's FCF Payout Ratio in the three quarters before Q2 2026 was 0.62 (Q1 2026), 0.26 (Q4 2025) and 0.23 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 350.18 Bn | 321.88 Bn | 7.76 Bn | 0.18 |
| 2 | Amphenol | 209.29 Bn | 203.87 Bn | 3.55 Bn | 0.26 |
| 3 | Deere | 173.52 Bn | 141.61 Bn | 4.66 Bn | 0.28 |
| 4 | Eaton | 164.70 Bn | 161.88 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 120.38 Bn | 118.50 Bn | 2.25 Bn | - |
| 6 | Emerson Electric | 90.55 Bn | 83.28 Bn | 2.66 Bn | 0.24 |
| 7 | Vertiv Holdings | 90.07 Bn | 80.69 Bn | 1.23 Bn | - |
| 8 | 3M | 83.83 Bn | 65.23 Bn | 2.68 Bn | 0.53 |
| 9 | Illinois Tool Works | 75.80 Bn | 72.36 Bn | 1.90 Bn | 0.73 |
| 10 | Cummins | 72.27 Bn | 68.34 Bn | 2.47 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.18 |
| Mar 31, 2026 | 0.62 |
| Dec 31, 2025 | 0.26 |
| Sep 30, 2025 | 0.23 |
| Jun 30, 2025 | 0.26 |
| Mar 31, 2025 | 1.16 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 0.22 |
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.42 |
| Dec 31, 2023 | 0.18 |
| Sep 30, 2023 | 0.18 |
| Jun 30, 2023 | 0.21 |
| Mar 31, 2023 | 0.54 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.31 |
| Dec 31, 2021 | 0.57 |
| Sep 30, 2021 | 0.43 |
| Jun 30, 2021 | 0.33 |
API Access
Caterpillar FCF Payout Ratio 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-payout-ratio&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "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-payout-ratio&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();