Caterpillar Inc. CAT NYSE

Caterpillar Inc. (CAT) generated $11.74B in operating cash flow for fiscal year 2025. After capital expenditures of $1.47B, free cash flow was $10.27B.

Free cash flow margin was 15.2% of revenue. Cash conversion ratio was 1.32x, indicating earnings are backed by cash.

The company returned $2.75B in dividends and $5.19B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (80/100, Pass) — $10.27B (15.2% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 1.32x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 57/100 with 3/7 criteria passed.