Caterpillar Inc (CAT)
Working capital turnover
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 67,589,000 | 64,671,000 | 63,139,000 | 63,259,000 | 64,809,000 | 65,664,000 | 66,368,000 | 66,997,000 | 67,060,000 | 66,587,000 | 64,771,000 | 61,700,000 | 59,427,000 | 56,628,000 | 54,031,000 | 52,673,000 | 50,971,000 | 48,408,000 | 45,892,000 | 43,000,000 |
| Total current assets | US$ in thousands | 52,485,000 | 49,818,000 | 46,755,000 | 43,019,000 | 45,682,000 | 44,946,000 | 43,096,000 | 43,664,000 | 46,949,000 | 48,005,000 | 47,000,000 | 45,660,000 | 43,785,000 | 42,577,000 | 41,982,000 | 42,570,000 | 43,455,000 | 41,893,000 | 42,946,000 | 42,581,000 |
| Total current liabilities | US$ in thousands | 36,558,000 | 35,991,000 | 34,934,000 | 32,595,000 | 32,272,000 | 32,218,000 | 33,564,000 | 32,371,000 | 34,728,000 | 33,124,000 | 35,314,000 | 31,842,000 | 31,531,000 | 30,202,000 | 28,963,000 | 29,532,000 | 29,847,000 | 25,976,000 | 27,508,000 | 26,578,000 |
| Working capital turnover | 4.24 | 4.68 | 5.34 | 6.07 | 4.83 | 5.16 | 6.96 | 5.93 | 5.49 | 4.47 | 5.54 | 4.47 | 4.85 | 4.58 | 4.15 | 4.04 | 3.75 | 3.04 | 2.97 | 2.69 |
December 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $67,589,000K ÷ ($52,485,000K – $36,558,000K)
= 4.24
Peer comparison
Dec 31, 2025
Company name
Symbol
Working capital turnover
Caterpillar Inc
CAT
4.24
Deere & Company
DE
—
Lindsay Corporation
LNN
1.74
Oshkosh Corporation
OSK
4.16
PACCAR Inc
PCAR
5.14