Caterpillar Inc (CAT)
Financial leverage ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 98,585,000 | 93,722,000 | 90,325,000 | 84,974,000 | 87,764,000 | 86,273,000 | 83,336,000 | 83,741,000 | 87,476,000 | 86,791,000 | 85,427,000 | 83,649,000 | 81,943,000 | 80,907,000 | 81,107,000 | 82,276,000 | 82,793,000 | 80,784,000 | 81,697,000 | 80,729,000 |
| Total stockholders’ equity | US$ in thousands | 21,318,000 | 20,658,000 | 18,661,000 | 18,067,000 | 19,491,000 | 19,397,000 | 17,130,000 | 17,639,000 | 19,494,000 | 20,489,000 | 18,235,000 | 18,149,000 | 15,869,000 | 15,591,000 | 15,727,000 | 17,065,000 | 16,484,000 | 16,665,000 | 16,833,000 | 16,573,000 |
| Financial leverage ratio | 4.62 | 4.54 | 4.84 | 4.70 | 4.50 | 4.45 | 4.86 | 4.75 | 4.49 | 4.24 | 4.68 | 4.61 | 5.16 | 5.19 | 5.16 | 4.82 | 5.02 | 4.85 | 4.85 | 4.87 |
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
1.00
PACCAR Inc
PCAR
2.30