Caterpillar Inc (CAT)
Financial leverage ratio
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 98,585,000 | 87,764,000 | 87,476,000 | 81,943,000 | 82,793,000 |
| Total stockholders’ equity | US$ in thousands | 21,318,000 | 19,491,000 | 19,494,000 | 15,869,000 | 16,484,000 |
| Financial leverage ratio | 4.62 | 4.50 | 4.49 | 5.16 | 5.02 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $98,585,000K ÷ $21,318,000K
= 4.62
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
Caterpillar Inc
CAT
4.62
Deere & Company
DE
4.08
Lindsay Corporation
LNN
1.58
Oshkosh Corporation
OSK
2.22
PACCAR Inc
PCAR
2.30