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.

Revenue
+17.3%
EPS
+45.8%
Free cash flow
+27.4%
Total debt
+8.83%

Quarter to September 2026, against a year earlier

555.00 36.30 −6.14%
Market cap
$254.5B
P/E
21.7×
Fwd P/E
23.2×
Dividend yield
1.13%
F-score
5/9
Altman Z
4.32
Beneish M
−2.43
Dividend safety
86/100

Caterpillar Inc. (CAT) Shares outstanding

Alert me on 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 September 2026 it was $460.9M. 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
Sep 2026 $460.9M (0.35%)
Jun 2026 $462.5M (0.71%)
Mar 2026 $465.8M (1.38%)
Dec 2025 $472.3M 0.32%
43 more quarters

Against its own ten years

Low $472.3M High $601.3M
Ten-year median $548.6M
Current reading's percentile 9

Shares outstanding against peers

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

The full definition of Shares outstanding →

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