Full-Time
Junior Product Owner
Updated on 8/3/2026
Caterpillar Inc.
10,001+ employees
Manufactures heavy machinery for construction
Compensation Overview
$81.4k - $122.1k/yr
No H1B Sponsorship
Peoria, IL, USA + 1 more
More locations: Chicago, IL, USA
In Person
Basic relocation may be available, subject to relocation qualifications.
 Product (1) |
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- Understanding of effective communication concepts, tools, and techniques, with the ability to transmit, receive, and accurately interpret ideas, information, and needs through appropriate communication behaviors.
- Knowledge of the business aspects and operation of a software product, including the ability to manage the install base, current uses, future plans, and product vision.
- Knowledge of software engineering and the ability to deliver new or enhanced software products.
- Knowledge of software change request management and the ability to manage software product change requests from customers, stakeholders, and internal staff.
- Bachelor’s degree or higher; selected candidates must complete their degree by their start date.
- Zero to two years of relevant experience related to this field.
- Minimum cumulative GPA of 3.0 on a 4.0 scale, with no rounding.
- Experience translating business needs into detailed, well-structured requirements that enable high-quality feature development.
- Ability to learn and understand how a product works, including workflows, dependencies, and user interactions within a system.
- Ability to work within an established product structure while supporting backlog refinement, feature definition, and day-to-day follow-through.
- Partner with software engineers, One Funnel stakeholders, and dealers to define detailed feature requirements, including scope, functionality, non-functional requirements, and user acceptance testing criteria, under the guidance of the Control Center Senior Product Owner.
- Participate in end-to-end feature development, including requirements design, user acceptance testing, and product reviews.
- Create and maintain user-facing documentation, including one-pagers, frequently asked questions, and onboarding guides.
- Work with deployment teams and stakeholders to gather and synthesize dealer feedback, identify improvements, and ensure the product meets real-world needs.
- Provide ongoing support and guidance to stakeholders by answering questions and helping teams understand how to use and integrate Control Center effectively.
- Internship or academic project experience related to the field.
Caterpillar designs and manufactures heavy machinery and engines for the construction, mining, energy, and rail industries, selling equipment, parts, services, and financing. Its products are large diesel machines with hydraulic systems and attachments, using data-driven features and remote diagnostics to improve uptime, along with extensive aftermarket maintenance and repair. It differentiates itself through its global scale, integrated product-and-service ecosystem, and large dealer and financing networks, plus ongoing use of data analytics and AI to optimize performance. Its goal is to help customers complete large-scale projects safely and efficiently while supporting sustainable development through community initiatives and durable equipment.
Company Size
10,001+
Company Stage
IPO
Headquarters
Irving, Texas
Founded
1925
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Simplify's Take
What believers are saying
- AI data center power demand lifted Power Generation revenue 41% in Q1 2026.
- Record backlog of $63 billion supports deliveries and near-term revenue visibility.
- Skycatch and RPMGlobal expand mining digital twins, analytics, and automation capabilities.
What critics are saying
- Tariff-driven cost inflation has already compressed mining margins by 700 basis points.
- AI infrastructure spending slowdown would hit generators, backlog conversion, and valuation.
- Caterpillar's premium multiple leaves little room for execution misses or demand normalization.
What makes Caterpillar Inc. unique
- Global dealer network and Cat Financial widen customer reach across equipment lifecycle.
- Three segments span construction, mining, and power, diversifying revenue sources.
- Aftermarket parts and services support installed equipment, strengthening recurring demand.
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Benefits
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
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 2%2 year growth
↑ 2%Advance Auto Parts and Caterpillar present contrasting investment profiles for 2026, balancing retail recovery against industrial stability. Advance Auto Parts operates in the automotive aftermarket, serving mechanics and DIY enthusiasts. The company recently expanded its AI-powered same-day delivery partnership with OneRail. FY 2025 revenue fell 5.4% year-over-year to $8.6 billion, with net income of $44 million and a 0.5% margin. The firm faces a 2.4x debt-to-equity ratio and negative $298 million free cash flow whilst implementing multi-year restructuring. Caterpillar serves construction, mining, and energy sectors through a global dealer network across nearly 190 countries. FY 2025 revenue grew 4.3% to $67.6 billion. Net income declined to $8.9 billion from $10.8 billion previously, yielding a 13.1% margin. The company is acquiring mining software providers to enhance digital services. Both face distinct macroeconomic pressures, making valuation critical for investment decisions.
US stock markets rallied on Tuesday, driven by strong corporate earnings reports. The Nasdaq Composite led gains, rising 1.9%, whilst the Dow Jones Industrial Average climbed 1.5%, adding roughly 800 points. Caterpillar jumped 6% after reporting second-quarter results that surpassed analyst expectations. The construction equipment maker's power and energy solutions division saw sales surge 29% year-over-year, outpacing overall revenue growth of 17%. Palantir Technologies soared 27.1% following its quarterly report, as US commercial customers adopted its AI platform faster than anticipated. The gain made Palantir the second-largest contributor to the Nasdaq and S&P 500's morning rises. Semiconductor stocks broadly recovered from July's sell-off, with the iShares Semiconductor ETF gaining 6.3%.
Caterpillar reported second-quarter sales and revenues of $20.5 billion, up 24% and surpassing analyst expectations of $19.34 billion. This marks the first time the company has exceeded $20 billion in quarterly revenue. Adjusted earnings per share reached $8.17, beating the $6.22 consensus. Construction Industries drove growth, with sales rising 35% to $8.3 billion. North American construction sales increased 50%. Power generation demand grew 29%, particularly for data centre applications. Consolidated operating profit climbed 50% to $4.3 billion, including $392 million in expected tariff recoveries. Operating cash flow totalled $4.4 billion. The company deployed $1.5 billion on share buybacks and $700 million on dividends. Chief executive Joe Creed highlighted strong order rates and a growing backlog.
Applied Materials reported first-quarter revenue of $7.01 billion, down 2% due to falling China sales, but earnings per share surged 75% to $2.54 on improved margins. The semiconductor equipment maker expects industry sales to grow more than 20% this year, driven by AI computing demand. The company holds leading market positions in deposition and etching tools used for chip manufacturing. Its shares have risen over 175% in the past year and more than 35% year-to-date. Meanwhile, Caterpillar is benefiting from data centre growth through its dominance in backup generators. The industrial firm is experiencing strong sales growth and a large backlog for diesel and natural gas engines that provide emergency power for hyperscale data centres.
Caterpillar has appointed Kyle Epley as chief financial officer, effective 1 May 2026, replacing Andrew Bonfield, who will retire on 1 October after eight years with the company. Bonfield will serve in an advisory role during the transition period. Epley brings nearly three decades of Caterpillar experience to the role and currently serves as senior vice president of Global Finance Services. He has held several senior finance leadership positions, including division CFO and corporate controller. During Bonfield's tenure, Caterpillar achieved record financial performance, including the highest full-year sales and revenues in company history and a single-quarter record of $19.1 billion in the fourth quarter of 2025. The company reported 2025 sales and revenues of $67.6 billion.