CAT · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

CATERPILLAR INC · 2026-11-04 · Importance 58 · Surprise 56 · From source text

Consolidated operating cash flow for the first nine months of 2026 was $10.593 billion, up $2.445 billion from the same period in 2025. MP&E operating cash flow increased to $11.534 billion from $7.745 billion, primarily due to higher profit before taxes adjusted for non-cash items. Financial Products operating cash flow was $1.137 billion, compared with $894 million in 2025.

Key facts

• For the first nine months of 2026, MP&E free cash flow was $9.525 billion, compared with $5.801 billion in the first nine months of 2025. source
• Third-quarter 2026 enterprise operating cash flow was $10.6 billion for the nine months ended September 30, 2026. source
• MP&E net cash provided by operating activities was $11.534 billion in the first nine months of 2026, compared with $7.745 billion in the same period of 2025. source
• Consolidated operating cash flow for the first nine months of 2026 was $10.593 billion, up $2.445 billion year over year. source
• Financial Products net cash provided by operating activities was $1.137 billion in the first nine months of 2026, compared with $894 million in the same period of 2025. source
• The increase in consolidated operating cash flow was primarily due to higher profit before taxes adjusted for non-cash items and favorable changes in customer advances, accounts payable, accrued wages, salaries and employee benefits, and accrued expenses, partly offset by unfavorable receivables and inventory changes. source

Impact estimates