CAT · News · 20260915N

Order Backlog and Book-to-Bill

CATERPILLAR INC · 2026-09-15 · Importance 50 · Surprise 24 · In source text

Caterpillar was reported to have a record $72 billion order backlog, indicating substantial forward demand for its equipment and power products. The backlog is being linked to demand from AI-related infrastructure, including turbines and generators, as well as autonomous mining equipment and machinery used in raw-material extraction. The report did not provide a regional or segment-level backlog breakdown.

Key facts

• Caterpillar has a record $72 billion order backlog. source
• HORAN Wealth LLC cut its stake in shares of Caterpillar Inc. by 45.4% in the second quarter, owning 1,535 shares after selling 1,275 shares during the period. source
• BayBridge Capital Group LLC lessened its holdings in shares of Caterpillar Inc. by 25.1% in the second quarter, owning 3,269 shares after selling 1,095 shares during the quarter, and Caterpillar comprises approximately 1.8% of BayBridge. source
• Corient Private Wealth LP decreased its holdings in Caterpillar Inc. by 6.8%, owning 505,859 shares after selling 36,913 shares during the quarter, according to its most recent 13F filing with the SEC. source
• Waverly Advisors LLC decreased its position in shares of Caterpillar Inc. by 9.5% during the undefined quarter, owning 94,324 shares after selling 9,929 shares during the period. source

Impact estimates