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Caterpillar (CAT)
NYSE:CAT
US Market
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Caterpillar (CAT) Ratios

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Caterpillar Ratios

CAT's free cash flow for Q2 2025 was $0.33. For the 2025 fiscal year, CAT's free cash flow was decreased by $ and operating cash flow was $0.18. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.34 1.35 1.39 1.46 1.53
Quick Ratio
0.81 0.87 0.87 0.99 1.09
Cash Ratio
0.16 0.20 0.22 0.31 0.36
Solvency Ratio
0.12 0.18 0.14 0.13 0.09
Operating Cash Flow Ratio
0.33 0.37 0.25 0.24 0.25
Short-Term Operating Cash Flow Coverage
0.00 0.96 0.69 0.61 0.57
Net Current Asset Value
$ -24.91B$ -21.02B$ -22.27B$ -22.82B$ -23.48B
Leverage Ratios
Debt-to-Assets Ratio
0.00 0.43 0.45 0.46 0.47
Debt-to-Equity Ratio
0.00 1.94 2.33 2.29 2.42
Debt-to-Capital Ratio
0.00 0.66 0.70 0.70 0.71
Long-Term Debt-to-Capital Ratio
0.00 0.56 0.62 0.61 0.63
Financial Leverage Ratio
4.84 4.49 5.16 5.02 5.11
Debt Service Coverage Ratio
16.71 0.93 0.85 0.73 0.54
Interest Coverage Ratio
16.83 25.37 17.84 14.09 8.86
Debt to Market Cap
0.00 0.25 0.29 0.34 0.38
Interest Debt Per Share
1.46 75.18 71.05 70.36 69.25
Net Debt to EBITDA
-0.40 1.97 2.50 2.69 3.83
Profitability Margins
Gross Profit Margin
34.28%34.69%29.47%29.43%28.93%
EBIT Margin
19.33%20.22%16.42%17.05%10.80%
EBITDA Margin
21.79%23.42%20.15%20.85%17.41%
Operating Profit Margin
18.23%19.33%13.30%13.49%10.91%
Pretax Profit Margin
15.17%19.46%14.73%16.10%9.57%
Net Profit Margin
11.50%15.41%11.28%12.73%7.18%
Continuous Operations Profit Margin
11.49%15.41%11.28%12.74%7.19%
Net Income Per EBT
75.75%79.20%76.61%79.10%75.04%
EBT Per EBIT
83.24%100.65%110.73%119.28%87.74%
Return on Assets (ROA)
8.04%11.81%8.18%7.84%3.83%
Return on Equity (ROE)
38.39%53.02%42.25%39.37%19.56%
Return on Capital Employed (ROCE)
20.78%24.58%15.68%12.99%8.65%
Return on Invested Capital (ROIC)
15.74%15.42%9.76%8.35%5.33%
Return on Tangible Assets
8.57%12.66%8.83%8.60%4.25%
Earnings Yield
3.74%6.85%5.31%5.77%3.03%
Efficiency Ratios
Receivables Turnover
0.00 3.56 3.33 2.93 2.49
Payables Turnover
4.85 5.54 4.82 4.41 4.84
Inventory Turnover
2.23 2.64 2.58 2.56 2.60
Fixed Asset Turnover
4.54 5.29 4.94 4.22 3.37
Asset Turnover
0.70 0.77 0.73 0.62 0.53
Working Capital Turnover Ratio
5.68 5.48 4.60 3.73 3.17
Cash Conversion Cycle
88.24 174.60 175.77 184.13 211.58
Days of Sales Outstanding
0.00 102.44 109.75 124.42 146.71
Days of Inventory Outstanding
163.57 138.05 141.68 142.46 140.26
Days of Payables Outstanding
75.32 65.89 75.66 82.75 75.38
Operating Cycle
163.57 240.49 251.43 266.88 286.97
Cash Flow Ratios
Operating Cash Flow Per Share
24.21 25.24 14.74 13.23 11.63
Free Cash Flow Per Share
19.17 19.18 9.81 8.69 7.74
CapEx Per Share
5.04 6.06 4.93 4.54 3.89
Free Cash Flow to Operating Cash Flow
0.79 0.76 0.67 0.66 0.67
Dividend Paid and CapEx Coverage Ratio
2.24 2.28 1.54 1.50 1.45
Capital Expenditure Coverage Ratio
4.80 4.17 2.99 2.91 2.99
Operating Cash Flow Coverage Ratio
0.00 0.34 0.21 0.19 0.17
Operating Cash Flow to Sales Ratio
0.18 0.19 0.13 0.14 0.15
Free Cash Flow Yield
4.65%6.49%4.09%4.20%4.25%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
26.77 14.61 18.83 17.33 33.03
Price-to-Sales (P/S) Ratio
3.07 2.25 2.12 2.21 2.37
Price-to-Book (P/B) Ratio
10.41 7.74 7.95 6.82 6.46
Price-to-Free Cash Flow (P/FCF) Ratio
21.52 15.42 24.43 23.80 23.51
Price-to-Operating Cash Flow Ratio
17.09 11.72 16.25 15.62 15.65
Price-to-Earnings Growth (PEG) Ratio
-1.00 0.25 2.81 0.15 -0.67
Price-to-Fair Value
10.41 7.74 7.95 6.82 6.46
Enterprise Value Multiple
13.69 11.58 13.05 13.27 17.46
Enterprise Value
188.37B 181.87B 156.21B 141.00B 126.85B
EV to EBITDA
13.69 11.58 13.05 13.27 17.46
EV to Sales
2.98 2.71 2.63 2.77 3.04
EV to Free Cash Flow
20.92 18.57 30.23 29.84 30.12
EV to Operating Cash Flow
16.56 14.11 20.12 19.59 20.05
Tangible Book Value Per Share
27.70 26.70 18.68 16.82 14.11
Shareholders’ Equity Per Share
39.73 38.18 30.12 30.30 28.18
Tax and Other Ratios
Effective Tax Rate
0.24 0.21 0.24 0.21 0.25
Revenue Per Share
134.42 131.34 112.79 93.70 76.73
Net Income Per Share
15.45 20.24 12.73 11.93 5.51
Tax Burden
0.76 0.79 0.77 0.79 0.75
Interest Burden
0.79 0.96 0.90 0.94 0.89
Research & Development to Revenue
0.03 0.03 0.03 0.03 0.03
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
0.00 0.00 <0.01 <0.01 <0.01
Income Quality
1.21 1.25 1.16 1.11 2.11
Currency in USD
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