Company: Caterpillar Inc.
Ticker: CAT
Form: 10-K
Filed: 2026-02-13
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Caterpillar Inc.'s operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
Revenues
Answer (Numeric): 17.37
Answer (Display): 17.37%
Unit: percent

Evidence:
[{"chunk_id": "147", "equivalent_chunk_ids": ["147"], "section": "Item 8.", "supports": ["numerator", "denominator"], "text": "(Dollars in millions except per share data)\nSales and revenues:\nSales of Machinery, Power & Energy\n63,980\n61,363\n63,869\nRevenues of Financial Products\n3,609\n3,446\n3,191\nTotal sales and revenues\n67,589\n64,809\n67,060\nOperating costs:\nCost of goods sold\n44,752\n40,199\n42,767\nSelling, general and administrative expenses\n6,985\n6,667\n6,371\nResearch and development expenses\n2,148\n2,107\n2,108\nInterest expense of Financial Products\n1,359\n1,286\n1,030\nOther operating (income) expenses\n1,194\n1,478\n1,818\nTotal operating costs\n56,438\n51,737\n54,094\nOperating profit\n11,151\n13,072\n12,966\nInterest expense excluding Financial Products\nOther income (expense)\nConsolidated profit before taxes\n11,541\n13,373\n13,050\nProvision (benefit) for income taxes\n2,768\n2,629\n2,781\nProfit of consolidated companies\n8,773\n10,744\n10,269\nEquity in profit (loss) of unconsolidated affiliated companies\nProfit of consolidated and affiliated companies\n8,882\n10,788\n10,332\nLess: Profit (loss) attributable to noncontrolling interests\nProfit\n8,884\n10,792\n10,335\nProfit per common share\n18.90\n22.17\n20.24\nProfit per common share — diluted\n18.81\n22.05\n20.12\nWeighted-average common shares outstanding (millions)\n- Basic\n470.0\n486.7\n510.6\n- Diluted\n472.3\n489.4\n513.6\nProfit attributable to common shareholders.\nDiluted by assumed exercise of stock-based compensation awards using the treasury stock method.\nSee accompanying notes to Consolidated Financial Statements.\nSTATEMENT 2\nCaterpillar Inc.\nConsolidated Comprehensive Income (Loss) for the Years Ended December 31,\n(Millions of dollars)\nProfit (loss) of consolidated and affiliated companies\n8,882\n10,788\n10,332\nOther comprehensive income (loss), net of tax (Note 17):\nForeign currency translation:\nPension and other postretirement benefits:\nDerivative financial instruments:\nAvailable-for-sale securities:\nTotal other comprehensive income (loss), net of tax\nComprehensive income (loss)\n9,581\n10,137\n10,969\nLess: comprehensive income (loss) attributable to the noncontrolling interests\nComprehensive income (loss) attributable to shareholders\n9,583\n10,141\n10,972\nSee accompanying notes to Consolidated Financial Statements.\nSTATEMENT 3\nCaterpillar Inc.\nConsolidated Financial Position at December 31,\n(Dollars in millions)\nAssets\nCurrent assets:\nCash and cash equivalents\n9,980\n6,889\nReceivables – trade and other\n10,920\n9,282\nReceivables – finance\n10,649\n9,565\nPrepaid expenses and other current assets\n2,801\n3,119\nInventories\n18,135\n16,827\nTotal current assets\n52,485\n45,682\nProperty, plant and equipment – net\n15,140\n13,361\nLong-term receivables – trade and other\n2,142\n1,225\nLong-term receivables – finance\n14,272\n13,242\nNoncurrent deferred and refundable income taxes\n2,882\n3,312\nIntangible assets\nGoodwill\n5,321\n5,241\nOther assets\n6,102\n5,302\nTotal assets\n98,585\n87,764\nLiabilities\nCurrent liabilities:\nShort-term borrowings:\nFinancial Products\n5,514\n4,393\nAccounts payable\n8,968\n7,675\nAccrued expenses\n5,587\n5,243"}]

Derivation: {"denominator": "revenue", "denominator_value": 67589.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 11739.0, "op": "divide"}