Caterpillar Inc.
Caterpillar Inc., also known simply as CAT, is an American construction, mining and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
Former headquarters in Peoria, Illinois | |
Trade name | CAT, Inc. |
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Company type | Public |
Traded as | |
Industry | |
Predecessor |
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Founded | April 15, 1925 in Wisconsin, U.S. |
Founder | C.L. Best, Benjamin Holt |
Headquarters | Irving, Texas, U.S. |
Area served | Worldwide |
Key people | Jim Umpleby (chairman & CEO) |
Products | |
Services | Services List
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Revenue | US$67.06 billion (2023) |
US$12.97 billion (2023) | |
Net income | US$10.34 billion (2023) |
Total assets | US$87.48 billion (2023) |
Total equity | US$19.50 billion (2023) |
Number of employees | 113,200 (2023) |
Subsidiaries | Subsidiary List
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Website | caterpillar.com |
Footnotes / references |
Caterpillar Inc. traces its origins to the 1925 merger of the Holt Manufacturing Company and the C. L. Best Tractor Company, creating a new entity, California-based Caterpillar Tractor Company. In 1986, the company reorganized itself as a Delaware corporation under the current name, Caterpillar Inc. It announced in January 2017 that over the course of that year, it would relocate its headquarters from Peoria, Illinois, to Deerfield, Illinois, scrapping plans from 2015 of building an $800 million new headquarters complex in downtown Peoria. Its headquarters are located in Irving, Texas, since 2022.
The company also licenses and markets a line of clothing and workwear boots under its Cat / Caterpillar name. Additionally, the company licenses the Cat phone brand of toughened mobile phones and rugged smartphones since 2012. Caterpillar machinery and other company-branded products are recognizable by their trademark "Caterpillar Yellow" livery and the "CAT" logo.