2025 Annual Report

Mining Truck
Mining Truck
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Chairman & CEO Message

"Urbanization, digitalization, electrification and the evolving global energy landscape are creating sustained, long-duration demand for the physical systems that underpin modern life. Our customers are essential to meeting that demand, and Caterpillar equips them to do it.”

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Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

For more than a century, Caterpillar has built a better, more sustainable world. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, we are committed to solving our customers’ toughest challenges through commercial excellence, advanced technology leadership and a strong foundation of operational excellence. None of this would be possible without our highly talented and dedicated team.

 

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Executing Our Strategy

At Caterpillar, our purpose is clear: we build a better, more sustainable world. We are further guided by our mission of solving our customers’ toughest challenges. Our strategy for long-term success for profitably growing sales volume centers on gaining a deeper understanding of customers through commercial excellence, being a leader in advanced technology and transforming how we work.

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operating and execution model
operating and execution model

Winning the Right Way

How we execute matters, and we’re guided every day by Our Values in Action: Safety, Integrity, Teamwork, Excellence and Commitment.

See Our Values
50 years of the caterpillar code of conduct
50 years of the caterpillar code of conduct

Governance

Caterpillar’s governance structure provides leadership, accountability and transparency to the management of the company and its businesses. Our corporate governance framework serves the interests of shareholders with the highest standards of responsibility, integrity and commitment to enhance shareholder value over the long term.

Meet Our Leadership
cat machine
cat machine