Segment Highlights

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Cat trade dress

Annual Report

Caterpillar principally operates through its three primary segments — Construction Industries, Resource Industries and Energy & Transportation — and also provides financing and related services through its Financial Products segment.

 

CONSTRUCTION INDUSTRIES

The Construction Industries (CI) segment primarily supports customers using machinery in infrastructure and building construction applications. Alongside the dealer network, the segment is committed to delivering an easy-to-buy, easy-to-own customer experience through innovative products, services and technology. In 2024, CI:

  • Launched eight next-generation Cat® skid steer loader and compact track loader models with more power, performance and comfort — including the Cat 285 and 285 XE, Caterpillar’s largest compact track loaders designed to compete in a new size class.
  • Deployed Cat Command technology to most medium wheel loaders. This semiautonomous remote-control technology supports enhanced operating safety, equipment availability and site productivity. Now available on more than 70 CI models, Cat Command allows operators to easily switch between Cat Command-installed machines and change jobsite locations with no downtime.
  • Expanded Customer Value Agreements (CVAs) with a Services Commitment to additional regions. With the Services Commitment, dealers commit to expedited timeframes for the delivery of maintenance parts, repair parts and technicians, helping customers quickly resolve unplanned repairs.

$25.5B
SALES1

$6.2B
SEGMENT PROFIT

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$12.4B
SALES1

$2.5B
SEGMENT PROFIT

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RESOURCE INDUSTRIES

The Resource Industries (RI) segment is primarily responsible for supporting customers using machinery in mining, heavy construction and quarry and aggregates. With a customer-back approach, the segment is delivering ongoing customer value through holistic site solutions, leadership in semi-autonomous and autonomous technology, and innovative energy solutions. In 2024, RI:

  • Introduced Cat Dynamic Energy Transfer (DET), a fully Caterpillar-developed system that transfers energy to diesel electric and battery electric large mining trucks while they work around a mine site. The innovative DET system can also charge a machine’s batteries while operating with increased speed on grade and provides the industry with options to support both near-term and long-term sustainability strategies.
  • Demonstrated the fully autonomous operation of the Cat 777 off-highway truck with Cat MineStar™ Command for hauling. This marks a significant milestone in Caterpillar’s objective to deliver an autonomous hauling solution for the quarry and aggregates sector.
  • Delivered the next generation of Caterpillar’s battery electric large mining trucks to select customer sites for testing and validation. This marks the second development phase of the company’s Early Learner program following the successful demonstration of its first battery electric 793 prototype.

ENERGY & TRANSPORTATION

The Energy & Transportation (E&T) segment supports customers in oil and gas, power generation, marine, rail and industrial applications, including Caterpillar machines. Combining the depth and breadth of energy-driven resources, the segment is well-positioned to power the future in an evolving energy landscape. In 2024, E&T:

  • Broke ground on a major expansion at the Lafayette, Indiana, large engine facility in response to growing customer demand. This expansion will increase the capacity for both new engines and aftermarket parts.
  • Launched the Cat G3500K series of generator sets offering reliable, quick-response and high-efficiency power. Markedly improved over the previous generation and designed for prime and continuous power applications, the series features improved reliability in a wider range of operating environments, built for reliable power performance at high altitudes and in higher ambient temperatures.
  • Solar Turbines, a wholly owned subsidiary of Caterpillar, collaborated with Chevron to demonstrate the ability of existing gas turbines to produce energy using high hydrogen fuel blends, highlighting the potential for lower-emission stationary power generation.

$28.9B
SALES1

$5.7B
SEGMENT PROFIT

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1Includes inter-segment sales.

 

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