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Caterpillar Inc

CAT#32 of 134 by buybacks

NYSE · Industrials · Farm & Heavy Construction Machinery · USA

caterpillar.com
Buybacks · TTM to Jun 2026$7.29Blatest four quarters
Buyback yield2.0%repurchases ÷ market cap
Dividends · TTM to Jun 2026$2.81Bdividend yield 0.8%
Shareholder yield2.7%buybacks + dividends ÷ market cap
Shares outstanding · 5 yr−14.8%463M shares (2026)
Buybacks ÷ free cash flow81%payout incl. dividends 112%
Buybacks and dividends by fiscal year
Cash returned to shareholders, in USD. Fiscal years end in December.
Shares outstanding
Share count down 14.8% over roughly five years. Falling is what a real buyback looks like.
Quarterly repurchases
Last 8 reported quarters, in USD. Orange bars mark quarters where the company issued more shares than it bought.

Fiscal-year detail

From the cash-flow statement as reported, in USD. Negative repurchases mean net share issuance.

Fiscal yearRepurchasesDividendsFree cash flow
FY2025Dec 2025$5.21B$2.75B$7.45B
FY2024Dec 2024$7.70B$2.65B$8.82B
FY2023Dec 2023$4.97B$2.56B$9.79B
FY2022Dec 2022$4.23B$2.44B$5.17B
FY2021Dec 2021$2.67B$2.33B$4.73B
FY2020Dec 2020$1.13B$2.24B$4.21B
FY2019Dec 2019$4.05B$2.13B$4.24B

Repurchases in FY2025 were −32.4% versus the prior year.

About Caterpillar Inc

Caterpillar Inc. provides construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; backhoe, compact track, skid steer, track-type, and wheel loaders; and related par…

Market cap
$368B
P/E (trailing)
34.5×
Fiscal year end
December
ISIN
US1491231015
Reporting currency
USD
Data updated
Oct 10, 2026
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