"pushing its market capitalization sharply higher-from $270 billion at the end of 2025 to about $347 billion as of Feb. 10. The stock, which has roughly doubled over the past 12 months to an all-time high of $742, has vastly outperformed such tech behemoths as Apple (up 20%) and Microsoft (up about 1%). And investors are betting that Caterpillar's growing exposure to data centers, energy infrastructure, and AI-related demand hasn't peaked yet."
"While Caterpillar is well known for its bright yellow construction site vehicles, it has greatly broadened its business mix to include energy and power systems, and resource and mining equipment. Caterpillar CEO Joseph Creed first joined the company in 1997 and has served in various roles, including CFO for the energy and transportation segment and interim CFO. Creed was named Caterpillar's chief operating officer in 2023 and became CEO on May 1, 2025."
"Caterpillar ( No. 64 on the Fortune 500) reported fourth-quarter and full-year results that exceeded Wall Street expectations. Full-year sales and revenues reached a record $67.6 billion, the highest in the company's history, driven by solid demand across its construction, resource, and energy businesses. Adjusted earnings per share (EPS) for the year totaled $19.06, while fourth-quarter adjusted EPS came in at approximately $5.16, above analysts' forecasts in the mid-$4 range."
Caterpillar's shares climbed to record levels, lifting market capitalization from $270 billion at the end of 2025 to about $347 billion by Feb. 10, with the stock roughly doubling in 12 months to $742. The company expanded beyond construction vehicles into energy and power systems, resource, and mining equipment. Joseph Creed joined in 1997, advanced through finance and operations roles, became COO in 2023 and CEO on May 1, 2025. The corporate strategy centers on commercial excellence, advanced technology leadership, and transforming work processes atop operational excellence. Full-year sales hit a record $67.6 billion, adjusted EPS totaled $19.06, Q4 adjusted EPS about $5.16, and the order backlog reached $51 billion, up roughly 70% year-over-year, indicating strong demand visibility for 2026.
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