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Companies / Industrials / Caterpillar Inc.
CAT

Caterpillar Inc.

IndustrialsIndustrial MachineryS&P 500
Ticker CATIRVING, TXFiscal year ends DecemberBook value per share $41.77Diluted shares 464.3M

Caterpillar Inc. (NYSE: CAT) operates as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company maintains its corporate presence at www.Caterpillar.com and serves customers across 190… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$67.59BFY2025
+4.3% year over year
Last 12 mo $74.73B
16.50%FY2025
−3.7 percentage points
Last 12 mo 17.52%
$8.88BFY2025
−17.7% year over year
Last 12 mo $10.84B
41.67%FY2025
−13.7 percentage points
Last 12 mo 55.91%
Cash & financing
$11.74BFY2025
−2.5% year over year
Last 12 mo $13.57B
$7.45BFY2025
−15.5% year over year
Last 12 mo $8.99B
0.59FY2025
Was 0.57× a year earlier
Last 12 mo 0.68
472.3MFY2025
−3.5% year over year
Last 12 mo 464.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Caterpillar Inc. does

In the company’s own words

Caterpillar Inc. (NYSE: CAT) operates as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company maintains its corporate presence at www.Caterpillar.com and serves customers across 190 countries through one of the largest independent global dealer networks, complemented by financing services through Cat Financial.

The company generated $67.589 billion in sales and revenues during 2025 and operates through five segments, four of which are reportable. The Construction Industries segment supports customers in infrastructure and building construction, offering machines such as track-type tractors, excavators, wheel loaders, and motor graders. The Resource Industries segment serves mining and quarry operations with equipment for surface and underground extraction, including electric rope shovels, draglines, and large mining trucks, alongside fleet management and autonomous machine capabilities. The Power & Energy segment provides reciprocating engines, generator sets, turbines, electrified powertrains, and diesel-electric locomotives for oil and gas, power generation, marine, rail, and industrial applications. The Financial Products segment, primarily conducted through Cat Financial and Insurance Services subsidiaries, offers retail and wholesale financing, leases, and insurance products to customers and dealers worldwide.

Caterpillar employs approximately 118,000 full-time persons globally, with 51,600 located in the United States and 66,400 outside the U.S. The company distributes products through 41 dealers in the United States and 109 dealers outside the U.S., supplemented by additional distributor networks for engines and power generation systems. The company maintains significant manufacturing and operational capabilities across North America, Europe, Africa, Middle East, Latin America, and Asia-Pacific regions.

The company's competitive advantages include its extensive dealer network, integrated component design and manufacturing capabilities, advanced technology development, and comprehensive financing solutions. Caterpillar owns numerous patents and trademarks developed over decades and maintains strategic sourcing relationships with global suppliers. The order backlog reached $51.2 billion at year-end 2025, reflecting strong customer demand across all primary segments.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
IRVING, TX
Fiscal year end
December
CIK
18230
SIC
3531

Financial performance, year by year

Fiscal 2013–2025 · USD
$-7.54B$14.90B$37.34B$59.77B$82.21B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Caterpillar Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.2K
funds hold it
3 of 35
superinvestors hold it
$125.76B
held by funds, at market
27.5%
of shares held by funds
53
bond issues held by funds

Superinvestors in Caterpillar Inc. · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
2.7%of 13F portfolio
Bill NygrenUNCHANGED
Harris Associates (Oakmark)
<0.1%of 13F portfolio
Tom RussoDECREASED -41.1%
Gardner Russo & Quinn
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Caterpillar Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.68%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.76%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.76%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.63%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Caterpillar Inc.’s bonds, as funds hold them

Funds report holding 53 issues of Caterpillar Inc.’s debt, $3.55B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.16%, maturing 2026 to 2064.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Caterpillar Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Caterpillar Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Caterpillar Inc.'s last four quarterly filings that the numbers alone won't show?”
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