Caterpillar
Construction and mining equipment, engines and turbines · United States
Caterpillar makes construction and mining machines, engines, gas turbines and locomotives, sells them through independent Cat dealers worldwide and earns on parts, service and financing for as long as they run.
What makes it different
After the sale, parts and service bring in $24B a year.
$24BServices revenuesFY2025
Every machine and engine sold keeps buying Cat parts through its dealer, so the installed base pays for decades.
How big it is
How big is Caterpillar?
$67.6BRevenueFY2025
150Cat dealersFY2025
118,000Employees2025
How it makes money FY2025
Power, construction, mining, finance.
- Power & Energy40%$27.1B
- Construction Industries37%$24.8B
- Resource Industries18%$12.2B
- Financial Products5%$3.6B
How the business works
Build iron. Dealers sell it. Service forever.
- 1Machines, engines, turbines
- 2150 independent dealers
- 3Parts for 1.6M connected assets
Independent dealers carry the stock and the service bays, so Caterpillar ships to dealers and keeps earning on parts for decades.
Who owns it
- Vanguard Capital Management7.47%
- State Street Corporation7.4%
- BlackRock, Inc.6.6%
CEO: Joe Creed
Who it competes with
Sources
Every number on this page comes from Caterpillar's own reports.
Full profile
The rest of the story is in the app.
What Caterpillar tracks21 metrics
Order backlog
Cat dealers
Backlog not expected to ship in 2026
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from4 regions
North America
EAME
Asia/Pacific
Caterpillar vs Volvo Groupside by side
Revenue
Profit
People
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