Caterpillar Inc - Company Profile
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View moreBusiness Description
Caterpillar Inc (Caterpillar) is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company serves customers in construction, mining, oil and gas, marine, power generation, and rail industries. Caterpillar operates more than 500 locations worldwide, including manufacturing, marketing, logistics, services, research and development facilities, and dealer locations. It offers the products through brands such as Caterpillar, CAT, EMD, FG Wilson, MWM, Perkins, Progress Rail, SEM and Solar Turbines.
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R&D Overview
Caterpillar's research and development initiatives focuses on developing the next generation of construction machines and providing customers with the lowest total cost of ownership through high-quality, productive products and services. The company emphasizes controlling the integration and design of key machine components and innovative technologies as a competitive advantage. Caterpillar's research and development units are located at the Technical Centers in Aurora and Mossville, Illinois, which are responsible for research and development activities across Construction Industries, Resource Industries, and Power & Energy. In FY2025, the company spent US$2,148 million on R&D activities, which as a percentage of revenue, stood at 3.2%, and declined 1.9% YoY.
Business Segments
Overview
Offers: business strategy; product management and development; manufacturing and sourcing of wear and maintenance components primarily for Cat products; parts distribution; integrated logistics solutions; distribution services responsible for dealer development and administration, including a wholly owned dealer in Japan; dealer portfolio management; brand management and marketing strategy; and digital investments for new customer and dealer solutions. In FY2025, the segment incurred a capital expenditure of US$254 million, which declined 10.9% YoY.
Performance
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Overview
Offers business strategy, product design, product management and development, manufacturing, marketing and sales, and product support to customers using machinery in infrastructure and building construction applications. Products include asphalt pavers; backhoe loaders; cold planers; compactors; compact track loaders; forestry machines; material handlers; motor graders; pipelayers; road reclaimers; and skid steer loaders. Also offers telehandlers; track-type loaders; track-type tractors; track excavators; wheel excavators; wheel loaders; and related parts and work tools. Owns manufacturing facilities in the US, Brazil, China, France, Hungary, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Poland, Thailand, and the UK. In FY2025, the segment incurred a capital expenditure of US$358 million, which grew 10.8% YoY.
Performance
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Overview
Offers financing alternatives to customers and dealers of Caterpillar products and services, and financing plans for power generation. Also offers insurance and risk management products and services. Financing plans include operating and finance leases, revolving charge accounts, installment sale contracts, repair/rebuild financing, working capital loans, and wholesale financing plans. Insurance and risk management products offered include physical damage insurance, inventory protection plans, extended service coverage, maintenance plans for machines and engines, and dealer property and casualty insurance. In FY2025, the segment incurred a capital expenditure of US$1341 million, which grew 23.6% YoY.
Performance
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Overview
Offers business strategy, product design, product management, development and testing, manufacturing, marketing, sales, and product support to customers using reciprocating engines, turbines, diesel-electric locomotives, and related services. Also offers remanufacturing of Caterpillar reciprocating engines and components, and remanufacturing services for other companies. Product and services portfolio includes turbines, centrifugal gas compressors, and turbine-related services; reciprocating engine-powered generator sets; integrated systems and solutions used in the electric power generation industry; reciprocating engines, drivetrain, and integrated systems and solutions for the marine and oil and gas industries; reciprocating engines, drivetrain and integrated systems and solutions supplied to the industrial industry and Caterpillar machines; electrified powertrain and zero-emission power sources and service solutions development; and diesel-electric locomotives and components, and other rail-related products and services, including remanufacturing and leasing. Manufacturing facilities are in the US, Australia, Brazil, China, the Czech Republic, Germany, India, Italy, Mexico, and the US. Customers are mainly from the Oil and Gas, Power Generation, Industrial, and Transportation applications, including marine and rail-related businesses, and product support of on-highway engines. In FY2025, the segment incurred a capital expenditure of US$1774 million, which grew 38.7% YoY.
Performance
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Overview
Offers business strategy, product design, product management and development, manufacturing, marketing, sales, and product support to customers using machinery in mining, heavy construction and quarry, and aggregates. Also develops and sells technology products and services to provide customers with fleet management, equipment management analytics, autonomous machine capabilities, safety services, and mining performance solutions. It also offers strategic procurement, lean center of excellence, integrated manufacturing, research and development for hydraulic systems, automation, electronics, and software for Caterpillar machines and engines. Products include large track-type tractors; large mining trucks; hard rock vehicles; electric rope shovels; draglines; hydraulic shovels; rotary drills; large wheel loaders; off-highway trucks; articulated trucks; wheel tractor scrapers; wheel dozers; landfill compactors; soil compactors; wide-body trucks; select work tools; machinery components; electronics and control systems, and related parts. Owns manufacturing facilities in China, the US, India, Indonesia, Mexico, Thailand, and the UK. In FY2025, the segment incurred a capital expenditure of US$353 million, which grew 54.8% YoY.
Performance
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Geographical Segments
Target Markets
Australia, India, New Zealand, China, Japan and Southeast Asia.
Performance
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Target Markets
Europe, Africa, the Middle East and the Commonwealth of Independent States (CIS).
Performance
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Target Markets
Central and South American countries, and Mexico.
Performance
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Target Markets
The US and Canada.
Performance
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