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Caterpillar Inc. (CAT) EV/FCF Ratio: 39.92x

Is Caterpillar Inc.’s EV/FCF ratio high or low?

Caterpillar Inc.'s EV/FCF ratio of 39.92x is 38% above its 5-year average of 28.95x, around the middle of its 5-year range (17.23x–52.71x).

As of Friday, June 12, 2026. 16.19% above its 12-month average of 34.36x.

CAT EV/FCF Ratio Chart

CAT EV/FCF Ratio
39.92x+50.93% 1Y
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CAT Average EV/FCF Ratio Chart

CAT Current vs Average EV/FCF Ratio Chart

CAT EV/FCF Ratio Metrics

EV/FCF RATIO

39.92x

EV/FCF RATIO AVG TTM

34.36x

EV/FCF RATIO AVG 3Y

25.99x

EV/FCF RATIO AVG 5Y

28.95x

EV/FCF RATIO AVG 10Y

31.08x

EV/FCF RATIO AVG 15Y

42.03x

EV/FCF RATIO AVG 20Y

38.95x

CURRENT VS TTM AVG

+16.19%

CURRENT VS 3Y AVG

+53.59%

CURRENT VS 5Y AVG

+37.90%

CURRENT VS 10Y AVG

+28.45%

CURRENT VS 15Y AVG

-5.01%

CURRENT VS 20Y AVG

+2.48%

CAT Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Caterpillar Inc. (CAT)$416.71B39.92x34.36x25.99x28.95x
GE Aerospace (GE)$347.68B47.99x51.85x41.67x40.69x
RTX Corporation (RTX)$247.44B33.91x54.26x43.90x45.59x
Siemens AG (SIEGY)$234.99B25.22x21.58x20.12x19.09x
The Boeing Company (BA)$172.64BN/A54.99x54.14x78.68x
Union Pacific Corporation (UNP)$159.96B33.35x29.46x32.15x30.93x
Eaton Corporation plc (ETN)$154.46B37.16x40.34x41.18x41.97x
Deere & Company (DE)$153.73B55.71x52.38x48.60x69.69x
Honeywell International Inc. (HON)$139.41B38.70x31.22x31.90x32.08x
Lockheed Martin Corporation (LMT)$125.70B25.72x29.31x24.27x22.06x

Cash Flow Valuation Comparison

EV/FCF

39.9x

P/FCF

36.5x

FCF Yield

2.74%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

Caterpillar Inc. EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Caterpillar Inc. EV/FCF Ratio FAQ

What is the EV/FCF ratio for Caterpillar Inc. (CAT)?
The EV/FCF ratio for CAT stock is 39.92x.
Is Caterpillar Inc.'s EV/FCF ratio high or low?
Caterpillar Inc.'s EV/FCF ratio of 39.92x is 38% above its 5-year average of 28.95x, around the middle of its 5-year range (17.23x–52.71x).
What is the TTM average EV/FCF ratio for Caterpillar Inc. (CAT)?
The TTM average EV/FCF ratio for CAT stock is 34.36x.
What is the 3Y average EV/FCF ratio for Caterpillar Inc. (CAT)?
The 3Y average EV/FCF ratio for CAT stock is 25.99x.
What is the 5Y average EV/FCF ratio for Caterpillar Inc. (CAT)?
The 5Y average EV/FCF ratio for CAT stock is 28.95x.
What is the 10Y average EV/FCF ratio for Caterpillar Inc. (CAT)?
The 10Y average EV/FCF ratio for CAT stock is 31.08x.
What is the 15Y average EV/FCF ratio for Caterpillar Inc. (CAT)?
The 15Y average EV/FCF ratio for CAT stock is 42.03x.
What is the 20Y average EV/FCF ratio for Caterpillar Inc. (CAT)?
The 20Y average EV/FCF ratio for CAT stock is 38.95x.

Caterpillar Inc. EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-1139.92x
2026-06-1038.24x
2026-06-0940.62x
2026-06-0840.65x
2026-06-0540.19x
2026-06-0441.67x
2026-06-0341.08x
2026-06-0240.42x
2026-06-0138.61x
2026-05-2939.04x
2026-05-2839.52x
2026-05-2740.42x
2026-05-2640.37x
2026-05-2239.20x
2026-05-2138.63x
2026-05-2038.90x
2026-05-1938.40x
2026-05-1838.55x
2026-05-1539.54x
2026-05-1440.84x
2026-05-1340.11x
2026-05-1240.51x
2026-05-1141.11x
2026-05-0839.91x
2026-05-0739.84x
2026-05-0641.10x
2026-05-0544.54x
2026-05-0443.18x
2026-05-0143.86x
2026-04-3043.88x
2026-04-2940.22x
2026-04-2840.58x
2026-04-2741.08x
2026-04-2441.17x
2026-04-2341.37x
2026-04-2240.17x
2026-04-2139.79x
2026-04-2039.69x
2026-04-1739.52x
2026-04-1638.52x
2026-04-1538.40x
2026-04-1439.50x
2026-04-1339.39x
2026-04-1039.34x
2026-04-0939.18x
2026-04-0838.47x
2026-04-0736.32x
2026-04-0636.17x
2026-04-0235.99x
2026-04-0136.58x
2026-03-3135.59x
2026-03-3033.71x
2026-03-2734.99x
2026-03-2635.35x
2026-03-2536.07x
2026-03-2435.96x
2026-03-2335.28x
2026-03-2034.33x
2026-03-1934.68x
2026-03-1834.91x
2026-03-1735.29x
2026-03-1635.19x
2026-03-1334.93x
2026-03-1235.23x
2026-03-1135.55x
2026-03-1035.96x
2026-03-0935.42x
2026-03-0634.33x
2026-03-0535.48x
2026-03-0436.66x
2026-03-0336.21x
2026-03-0237.59x
2026-02-2737.16x
2026-02-2637.62x
2026-02-2538.24x
2026-02-2438.32x
2026-02-2337.78x
2026-02-2037.93x
2026-02-1937.96x
2026-02-1837.57x
2026-02-1738.16x
2026-02-1338.59x
2026-02-1241.23x
2026-02-1142.06x
2026-02-1040.44x
2026-02-0940.43x
2026-02-0639.64x
2026-02-0537.26x
2026-02-0437.93x
2026-02-0338.48x
2026-02-0237.89x
2026-01-3036.22x
2026-01-2936.61x
2026-01-2835.52x
2026-01-2735.30x
2026-01-2635.16x
2026-01-2334.69x
2026-01-2235.78x
2026-01-2135.63x
2026-01-2034.81x
2026-01-1635.70x
2026-01-1535.72x
2026-01-1435.30x
2026-01-1335.19x
2026-01-1234.85x
2026-01-0934.25x
2026-01-0833.78x
2026-01-0733.20x
2026-01-0634.52x
2026-01-0534.17x
2026-01-0233.29x
2025-12-3132.03x
2025-12-3032.25x
2025-12-2932.32x
2025-12-2632.53x
2025-12-2432.57x
2025-12-2332.50x
2025-12-2232.50x
2025-12-1932.19x
2025-12-1831.68x
2025-12-1731.48x
2025-12-1632.82x
2025-12-1532.86x
2025-12-1233.27x
2025-12-1134.64x
2025-12-1034.14x
2025-12-0933.09x
2025-12-0833.20x
2025-12-0533.53x
2025-12-0433.33x
2025-12-0332.95x
2025-12-0232.50x
2025-12-0131.79x
2025-11-2832.17x
2025-11-2632.07x
2025-11-2531.72x
2025-11-2431.37x
2025-11-2130.91x
2025-11-2030.70x
2025-11-1931.05x
2025-11-1830.74x
2025-11-1730.99x
2025-11-1431.09x
2025-11-1331.07x
2025-11-1232.03x
2025-11-1131.78x
2025-11-1031.93x
2025-11-0731.54x
2025-11-0631.87x
2025-11-0531.84x
2025-11-0430.77x
2025-11-0331.91x
2025-10-3139.73x
2025-10-3040.09x
2025-10-2940.23x
2025-10-2836.51x
2025-10-2736.67x
2025-10-2436.40x
2025-10-2336.27x
2025-10-2235.87x
2025-10-2136.52x
2025-10-2036.92x
2025-10-1736.67x
2025-10-1637.52x
2025-10-1537.09x
2025-10-1436.69x
2025-10-1335.31x
2025-10-1034.49x
2025-10-0935.04x
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2025-10-0734.21x
2025-10-0634.74x
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2025-09-2632.93x
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2025-09-1932.98x
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2025-09-1230.85x
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2025-08-2231.10x
2025-08-2130.02x
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2025-08-1929.91x
2025-08-1829.70x
2025-08-1529.40x
2025-08-1429.99x
2025-08-1329.76x
2025-08-1229.70x
2025-08-1129.45x
2025-08-0829.93x
2025-08-0729.97x
2025-08-0630.62x
2025-08-0530.76x
2025-08-0430.72x
2025-08-0130.42x
2025-07-3130.98x
2025-07-3030.75x
2025-07-2930.50x
2025-07-2830.68x
2025-07-2530.73x
2025-07-2430.47x
2025-07-2330.35x
2025-07-2229.72x
2025-07-2129.29x
2025-07-1829.51x
2025-07-1729.78x
2025-07-1629.46x
2025-07-1528.96x
2025-07-1429.03x
2025-07-1129.04x
2025-07-1029.19x
2025-07-0928.81x
2025-07-0828.34x
2025-07-0728.17x
2025-07-0328.55x
2025-07-0228.59x
2025-07-0128.13x
2025-06-3027.97x
2025-06-2727.76x
2025-06-2627.58x
2025-06-2526.96x
2025-06-2427.05x
2025-06-2326.64x
2025-06-2026.29x
2025-06-1826.25x
2025-06-1726.12x
2025-06-1626.41x
2025-06-1326.08x
2025-06-1226.32x
2025-06-1126.45x
2025-06-1026.17x
2025-06-0926.14x
2025-06-0625.86x
2025-06-0525.59x
2025-06-0425.61x
2025-06-0325.62x
2025-06-0225.33x
2025-05-3025.53x

Showing the most recent 260 of 4,960 data points. The chart above shows the full history.

About Caterpillar Inc.

Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.

Irving, TX
112,900 employees
Industrials / Agricultural - Machinery
Sector
Industrials
Industry
Agricultural - Machinery
CEO
Joseph E. Creed