Caterpillar
Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company provides a comprehensive ecosystem of heavy machinery and power solutions integrated with advanced technology and specialized financial services. Its value proposition centers on solving complex infrastructure and energy challenges through a global dealer network and a focus on total cost of ownership.
Financials
Based on Q1 2026 filing
Revenue
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Power & Energy
primarySupports customers in oil and gas, power generation, marine, rail, and industrial applications. This segment provides reciprocating engines, turbines, and electrified powertrain solutions, including remanufacturing services.
Reciprocating Engine-powered Generator Sets, Industrial Gas Turbines, Centrifugal Gas Compressors, Diesel-electric Locomotives, Zero-emission Power Sources, Marine Propulsion Systems
Oil and Gas Producers, Electric Power Utilities, Marine Vessel Operators, Railroad Operators, Industrial Manufacturers
Construction Industries
majorSupports customers in infrastructure, building construction, and quarry applications. It focuses on providing machinery that balances purchase price with long-term productivity and performance across both developed and developing markets.
Asphalt Pavers, Backhoe Loaders, Cold Planers, Compactors, Excavators, Motor Graders, Skid Steer Loaders, Telehandlers, Track-type Tractors
Heavy Construction Contractors, Rental Companies, Quarry and Aggregate Producers, Infrastructure Developers
Resource Industries
majorProvides high-productivity equipment and technology solutions for surface and underground mining, heavy construction, and quarrying. The segment emphasizes autonomous machine capabilities and fleet management analytics to optimize mineral extraction.
Electric Rope Shovels, Draglines, Hydraulic Shovels, Rotary Drills, Large Mining Trucks, Off-highway Trucks, Wheel Tractor Scrapers, Landfill and Soil Compactors
Mining Companies, Heavy Construction Firms, Quarry Operators, Waste Management Companies
Financial Products
moderateOffers retail and wholesale financing and insurance services to customers and dealers. It facilitates the purchase and lease of Caterpillar equipment while managing credit risk and providing inventory financing for the dealer network.
Retail Loans, Finance Leases, Operating Leases, Wholesale Inventory Financing, Revolving Charge Accounts, Contractual Liability Insurance
Independent Dealers, End-user Equipment Purchasers, Leasing Customers
Business Overview
Competitive Position
Caterpillar is a dominant global leader in heavy machinery, leveraging a massive independent dealer network and proprietary technology to maintain high barriers to entry.
Geographies
North America, Latin America, Europe, Middle East, Africa, Asia-Pacific
Customer Segments
Construction, Mining, Energy, Transportation, Government
Upstream Dependencies
Steel Suppliers, Iron Casting Foundries, Forging Manufacturers, Electronic Component Suppliers, Logistics Providers
Downstream Customers
Independent Dealer Network, Original Equipment Manufacturers (OEMs), Mining Corporations, Global Infrastructure Firms, Energy Utilities
Competitors & Partners
Competitors
Cummins
CMI
Competitor in reciprocating engines
Deere & Company
DE
Global competitor in construction and forestry
Wabtec
WAB
Competitor in rail-related businesses
United Rentals
URI
Equipment manufacturer with dealer rental networks
Wells Fargo & Company
WFC
Competitor in equipment financing
CNH Industrial N.V.
CNH
Competitor via CASE brand
Partners
The United Automobile, Aerospace and Agricultural Implement Workers of America (UAW)
Labor union representing hourly production employees
The International Association of Machinists
Labor union representing hourly production employees
The United Steelworkers
Labor union representing hourly production employees
Subsidiaries
Caterpillar Financial Services Corporation
Primary retail and wholesale finance subsidiary
Caterpillar Insurance Holdings Inc.
Parent company for insurance and brokerage operations
Perkins Engines Company Limited
Subsidiary manufacturing reciprocating engines
Solar Turbines
Industrial gas turbine manufacturer (implied by turbine segment)
Progress Rail
Rail and locomotive subsidiary (implied by locomotive segment)
Caterpillar FAQ
Common questions about Caterpillar
Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company provides a comprehensive ecosystem of heavy machinery and power solutions integrated with advanced technology and specialized financial services. Its value proposition centers on solving complex infrastructure and energy challenges through a global dealer network and a focus on total cost of ownership.
Caterpillar (CAT) has a market capitalization of $405.27B and trades on NYSE.
Caterpillar generated $70.8B in trailing twelve-month revenue with net income of $9.4B, representing a net margin of 13.3%. Gross margin stands at 96.6%, with free cash flow of $9.5B. These figures are based on the Q1 2026 filing.
Caterpillar's key competitors include Cummins Inc., Deere & Company, Wabtec Corp, and others. These companies compete in similar markets and product categories.
Caterpillar has approximately 121,173 employees.