Caterpillar Inc. Overview
Pro stress-test →Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. With 2025 sales and revenues of $67.6 billion, the company serves global infrastructure, energy, and resource development markets through three primary business segments and a comprehensive dealer network.
Strategic Profile
Pro stress-test →Caterpillar is experiencing significant growth driven by demand for AI infrastructure and data center construction, complemented by broader infrastructure investment trends. The company maintains a record $51 billion backlog (Q4 2025) indicating strong future demand, positioning it well for sustained revenue growth with multiple tailwinds from infrastructure spending, energy transition, and data center expansion.
Competitive Landscape
Pro stress-test →Caterpillar is currently trading at a forward 12-month price/earnings (P/E) ratio of 30.96X compared with the industry average of 28.51X. Komatsu and Terex Corp. are trading below the industry at 12.02X and 10.83X, respectively. Caterpillar's dominant market position and superior operational metrics distinguish it from peers in the construction and mining equipment industry.
Industry Context
Caterpillar Inc. operates in Heavy Equipment & Machinery Manufacturing / Construction & Mining Equipment.
Key facts
Founded: 1925 · Headquarters: Irving, Texas, US · Revenue: $67.6B · Market cap: $318B