Caterpillar Inc.
CAT Industrials Farm & Heavy Construction Machinery
Caterpillar Inc.’s revenue for fiscal 2025 (year ended December 2025) was $67.6 billion, up 4.29% from fiscal 2024. In the quarter to June 2026, revenue grew 24.0%, EPS grew 68.1%, free cash flow grew 47.1% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Caterpillar Inc. (CAT) Shares outstanding
Caterpillar Inc.'s shares outstanding at the end of fiscal 2025 was $472.3M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $462.5M. Over the past ten years it has ranged from $472.3M (fiscal 2025) to $601.3M (fiscal 2015) — the current reading is the lowest in ten years. Caterpillar Inc. ranks 3rd of 26 Farm & Heavy Construction Machinery companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $472.3M | (3.49%) |
| FY2024 | $489.4M | (4.71%) |
| FY2023 | $513.6M | (3.17%) |
| FY2022 | $530.4M | (3.30%) |
| FY2021 | $548.5M | (0.02%) |
| FY2020 | $548.6M | (3.33%) |
| FY2019 | $567.5M | (5.32%) |
| FY2018 | $599.4M | 0.02% |
| FY2017 | $599.3M | 2.57% |
| FY2016 | $584.3M | (2.83%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $462.5M | (0.71%) |
| Mar 2026 | $465.8M | (1.38%) |
| Dec 2025 | $472.3M | 0.32% |
| Sep 2025 | $470.8M | (0.15%) |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| CNH CNH Industrial N.V. compare | $1.2B |
| PCAR PACCAR Inc. compare | $527.6M |
| CAT Caterpillar Inc. | $462.5M |
| DE Deere & Company compare | $270.7M |
| TEX Terex Corporation compare | $114.2M |
| AGCO AGCO Corporation compare | $71.2M |
| OSK Oshkosh Corporation compare | $62.7M |
| FSS Federal Signal Corporation compare | $61.5M |
| ALG Alamo Group, Inc. compare | $12.1M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Free cash flow margin
- P/E ratio
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- EV/EBITDA
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