CAT · News · 20261105N

Order Backlog and Book-to-Bill

CATERPILLAR INC · 2026-11-05 · Importance 58 · Surprise 42

Caterpillar’s order backlog reached a record $78.1 billion, up $6 billion from the prior quarter. Third-party reporting said demand for heavy equipment and power systems remains high, but production-capacity constraints and slow deliveries are impeding conversion of orders to revenue. The report identifies execution and capacity as constraints on fulfilling the strong order book.

Key facts

• Caterpillar's order backlog was $78.1 billion, an increase of $6 billion from the prior quarter. source
• Caterpillar faces challenges expanding production capacity and converting orders to revenue because of slow deliveries. source