+ Incentive bonus
On-site five days per week. Domestic relocation assistance is available.
Caterpillar designs and manufactures heavy machinery and engines for construction, mining, energy, and rail projects. It sells heavy equipment, engines, parts, and services worldwide, and also provides financing options and aftermarket maintenance and repair. The company differentiates itself through its global scale, integrated sales-partssupport-financing ecosystem, and a large maintenance network that keeps customers’ fleets running. Its goal is to help customers complete large-scale projects safely, efficiently, and sustainably, while supporting communities and environmental responsibility through initiatives like the Caterpillar Foundation.
Company Size
10,001+
Company Stage
IPO
Headquarters
Irving, Texas
Founded
1925
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Annual incentive bonus plan
Medical, dental, and vision coverage
Paid time off plan (Vacation, Holiday, Volunteer, Etc.)
401k savings plan
Health savings account (HSA)
Flexible spending accounts (FSAs)
Disability benefits
Life Insurance
Parental leave
Healthy Lifestyle Programs
Employee Assistance Programs
Voluntary Benefits and Employee Discounts
Tuition Reimbursement
Career Development
Caterpillar's shares have fallen 26% from their 52-week high, but the company holds a $72 billion order book, nearly matching its $74.7 billion in trailing twelve-month revenue. The backlog grew 92% year-over-year, with 59% expected for delivery within twelve months. Power & Energy drives growth, with second-quarter sales to power generation users up 72% on data centre demand. Lead times for gas engines extend into late 2028 and 2029. The company converted a Kansas plant in under twelve months to meet demand. Construction Industries saw sales to users grow 22% in the second quarter, the sixth consecutive quarter of growth. Management expects full-year 2026 growth despite anticipated dealer inventory reductions in the fourth quarter. The company is already taking orders into 2029 and 2030.
Luck Stone is expanding its use of Caterpillar's autonomous hauling technology to two additional quarry sites in Virginia. The aggregates producer will deploy the system across fleets of Cat 775 trucks at its Boscobel and Bealeton locations, marking the first deployment of Caterpillar's autonomous solution on this truck model. The expansion follows a successful collaboration at Luck Stone's Bull Run site, where autonomous technology improved safety and production consistency whilst creating new skill development opportunities for workers. Caterpillar's autonomous trucks have collectively hauled over 13 billion tonnes and travelled more than 455 million kilometres with no reported injuries. The implementation is supported by local Cat dealer Carter Machinery and integrates with complementary technologies for loaders and other site equipment. Luck Stone, the largest family-owned aggregates producer in the US, views autonomy as a way to address industry challenges including safety, consistent production and talent development.
Caterpillar stock rose 94% over the past twelve months, driven partly by surging data center demand. Power generation sales to users grew 72% in the second quarter of 2026, with the Power & Energy segment booking $8.2 billion in sales. The company is racing to expand capacity, lifting new turbine production to 2.5 times 2024 levels. Lead times on gas prime power now extend to late 2028, with some orders placed as far out as 2030. However, analysts question whether data center demand will sustain through the decade. At $805 per share, Caterpillar's valuation assumes 17.4% annual revenue growth. Management expects new capacity to reach cash payback by decade's end, but aftermarket revenue from installed units won't materialise until after 2030. If data center orders cool before capacity investments pay off, growth could fall short of market expectations.
Caterpillar Inc. has announced a collaboration with FieldAI to deploy artificial intelligence, robotics, and digital twin technology across industrial jobsites and manufacturing facilities. The partnership combines Caterpillar's operational data and engineering capabilities with FieldAI's robot-agnostic autonomy software and foundation models. Initial applications include autonomous inspections, real-time digital twins of facilities, and situational awareness tools. The companies are using Nvidia accelerated computing and Nvidia Omniverse technologies to develop high-fidelity digital twins based on operational data. FieldAI has raised more than $400 million from investors including Bezos Expeditions, Khosla Ventures, Temasek, and NVentures. Caterpillar reported sales and revenues of $67.6 billion for 2025. No financial terms for the collaboration were disclosed.
Caterpillar Inc. has entered into a new 364-day revolving credit facility dated 27 August 2026, according to an SEC filing. The agreement includes Caterpillar Inc. and several of its financial subsidiaries as borrowers, with Citibank serving as agent. Citibank, BofA Securities, JPMorgan Chase Bank, J.P. Morgan SE, Barclays Bank, MUFG Bank and Société Générale are joint lead arrangers and joint bookrunners on the facility. The agreement provides for revolving credit advances, local currency advances, Japan local currency advances and term loan advances. It includes financial covenants applicable to Caterpillar and Caterpillar Financial Services Corporation. The facility replaces a prior credit agreement and includes a guaranty from Caterpillar Financial Services Corporation.