Aureus
AExcellent

Caterpillar, Inc.(CAT)

A

Financial data as of Dec 31, 2024Stable · Industrials

FCF Margin13.6%Free Cash Flow / Revenue
Cash Conversion111.5%Operating CF / Net Income
Free Cash Flow$8.8B
Revenue$64.8B
Net Cash-$31.5BNet debt position
Debt / FCF4.4xElevated debt burden
Current Ratio1.42Adequate short-term liquidity
YoY FCF Growth-6.3%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (13.6%, 4.4x)
→
FinalA

Analysis Summary

Strengths

  • Healthy FCF margin (13.6%)
  • Excellent cash conversion (112%)

Concerns

  • Net debt position ($31.5B)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin13.6%
Net Margin16.7%
Operating CF Margin18.6%
CapEx Ratio5.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$31.5BNet debt position
Debt / FCF4.4xElevated debt burden
Current Ratio1.42Adequate liquidity
Debt / Equity1.97Moderate leverage

Quarterly FCF Trend

-6.3% YoYStable (-6.3%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameCaterpillar, Inc.
SectorIndustrials
Free Cash Flow$8.8B
Revenue$64.8B
Net Income$10.8B
Operating Cash Flow$12.0B
Capital Expenditure$3.2B
FCF Margin13.6%
Cash Conversion Rate111.5%
Net Margin16.7%
Total Debt$38.4B
Total Cash$6.9B
Net Cash-$31.5B
Current Ratio1.42
Debt / Equity1.97
Debt / FCF4.4x
YoY FCF Growth-6.3%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance