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Caterpillar, Inc.

CAT · NYSE

Symbol: CAT
Type: Stock
Sector: Industrials
Industry: Construction/Ag Equipment/Trucks
Country: North America
Exchange: NYSE

For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future 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. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team.

Key Issues

Bullish view

The second-quarter revenue increase of 24% to $20.5 billion, driven by higher volume and pricing, shows that demand and customer acceptance remain strong.

Bearish view

Caterpillar remains exposed to cyclical construction and industrial spending, while fiscal 2025 net income declined to $8.9 billion from $10.8 billion despite higher revenue.

Analyst Consensus

See all

Hold

23 analysts

$889

Current

$900

Low

$985

Average

$900

High

Average target implies +10.79% versus the current price.

Earnings History

BeatMissNo estimate

Peers

$889.06+$12.511.43%

As of: Aug 5, 6:01 PM

Prev Close: $876.54
Market Cap: $409.53B
Open: —
Trailing P/E: —
Day Range: $905.56 - $870.00
52W Range: $1,073.46 - $405.46
Forward P/E: —
EPS: —
Volume: 1.64M
Dividend Yield: —

About Caterpillar, Inc.

Caterpillar sells construction equipment and power-generation products, earning revenue primarily from equipment sales supported by customer demand, volume and pricing. The company serves construction and other industrial equipment buyers, while its power business serves customers needing generation and related power solutions. In the second quarter, power sales were almost as large as construction-equipment sales, highlighting a more balanced mix than Caterpillar’s traditional identity suggests. Caterpillar reported $67.6 billion of fiscal 2025 revenue and $8.9 billion of net income, compared with $64.8 billion and $10.8 billion, respectively, in fiscal 2024.

Notable Price Movement

Aug 3-7$876.547.58%
Caterpillar rose $35.69, or 4.24%, from $840.85 to $876.54 across the supplied week, although the path was volatile. Shares fell 6.9% to $782.71 on July 29 after Baird downgraded the stock to Neutral from Outperform and cut its target to $900 from $1,200. The stock then recovered as second-quarter results beat estimates, with sales and revenues rising 24% year over year to a record $20.5 billion on higher volume and pricing. Tuesday’s 11.0% jump, on 6.2 million shares, also reflected a broad market rally tied to strong technology earnings, lower crude prices and hopes for Middle East de-escalation.