Shares Outstanding for Caterpillar (CAT)
According to Caterpillar's latest reported financial statements, the company's latest reported diluted shares outstanding is 469.00M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CAT
Currently viewingShares OutstandingSwitch metric
Latest period
469.00M
YoY change
-4.2%
5Y CAGR
-3.1%
Peak year (1993)
857.89M
Latest annual
469.00M
Shares Outstanding history chart for Caterpillar (CAT) from 1985 to 2025
Shares Outstanding history table for Caterpillar (CAT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 469.00M | -4.2% | ||
| 2024 | 489.40M | -4.7% | ||
| 2023 | 513.60M | -3.2% | ||
| 2022 | 530.40M | -3.3% | ||
| 2021 | 548.50M | -0.0% | ||
| 2020 | 548.60M | -3.3% | ||
| 2019 | 567.50M | -5.3% | ||
| 2018 | 599.40M | +0.0% | ||
| 2017 | 599.30M | +2.6% | ||
| 2016 | 584.30M | -2.8% | ||
| 2015 | 601.30M | -4.4% | ||
| 2014 | 628.90M | -4.5% | ||
| 2013 | 658.60M | -1.6% | ||
| 2012 | 669.60M | +0.5% | ||
| 2011 | 666.10M | +2.4% | ||
| 2010 | 650.40M | +3.9% | ||
| 2009 | 626.00M | -0.3% | ||
| 2008 | 627.90M | -4.8% | ||
| 2007 | 659.50M | -3.6% | ||
| 2006 | 683.80M | -3.1% | ||
| 2005 | 705.80M | +33.8% | ||
| 2004 | 527.65M | -24.9% | ||
| 2003 | 702.70M | +1.3% | ||
| 2002 | 693.80M | -0.1% | ||
| 2001 | 694.20M | -0.5% | ||
| 2000 | 697.35M | -3.0% | ||
| 1999 | 718.80M | -2.4% | ||
| 1998 | 736.25M | -3.4% | ||
| 1997 | 762.01M | -2.0% | ||
| 1996 | 777.78M | -2.8% | ||
| 1995 | 800.00M | -2.7% | ||
| 1994 | 822.40M | -4.1% | ||
| 1993 | 857.89M | +6.2% | ||
| 1992 | 807.63M | -0.0% | ||
| 1991 | 808.00M | +0.0% | ||
| 1990 | 807.69M | -0.1% | ||
| 1989 | 808.13M | -0.3% | ||
| 1988 | 810.53M | +1.6% | ||
| 1987 | 797.50M | +4.9% | ||
| 1986 | 760.00M | -2.1% | ||
| 1985 | 776.47M | — |
Shares Outstanding values are taken from Caterpillar's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Caterpillar (CAT) reported diluted shares outstanding of 469.00M – edged down 4.2% year-over-year.
Caterpillar diluted shares outstanding has contracted on net over the period, with a -3.1% compound annual growth rate over 2020–2025 (5 years).
Caterpillar diluted shares outstanding peaked at 857.89M in 1993; the latest annual figure is 469.00M in 2025 (45.3% below peak).
The highest annual diluted shares outstanding of 857.89M was reported in 1993. The lowest in the available history was 469.00M in 2025.
Among 8 Industrials peers, Caterpillar (CAT) ranks 6th; the peer median for diluted shares outstanding is 618.15M.
Caterpillar Shares Outstanding by Year
Caterpillar Shares Outstanding 2025: 469.00M
Caterpillar diluted shares outstanding in 2025 was 469.00M, edged down 4.2% below 2024. This figure represents the lowest annual value in the available history.
Caterpillar Shares Outstanding 2024: 489.40M
Caterpillar diluted shares outstanding in 2024 was 489.40M, edged down 4.7% below 2023.
Caterpillar Shares Outstanding 2023: 513.60M
Caterpillar diluted shares outstanding in 2023 was 513.60M, edged down 3.2% below 2022.
Caterpillar Shares Outstanding 2022: 530.40M
Caterpillar diluted shares outstanding in 2022 was 530.40M, edged down 3.3% below 2021.
Caterpillar Shares Outstanding 2021: 548.50M
Caterpillar diluted shares outstanding in 2021 was 548.50M.
See more financial history for Caterpillar (CAT).
Sector peers — Shares Outstanding
Companies in the same sector as Caterpillar, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| RTX Corporation (RTX) | 1.36B | Industrials |
| GE Aerospace (GE) | 1.07B | Industrials |
| The Boeing Company (BA) | 762.30M | Industrials |
| Honeywell International Inc. (HON) | 642.80M | Industrials |
| Union Pacific Corporation (UNP) | 593.50M | Industrials |
| Eaton Corporation plc (ETN) | 389.50M | Industrials |
| Deere & Company (DE) | 271.70M | Industrials |
| Parker-Hannifin Corporation (PH) | 130.20M | Industrials |
Frequently asked questions
What is Caterpillar's diluted shares outstanding?
- Latest reported diluted shares outstanding for Caterpillar (CAT) is 469.00M (period ending December 31, 2025).
How has Caterpillar diluted shares outstanding changed year-over-year?
- Caterpillar (CAT) diluted shares outstanding changed -4.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Caterpillar diluted shares outstanding?
- Caterpillar (CAT) diluted shares outstanding compound annual growth rate is -3.1% over the most recent 5 years available.
When did Caterpillar diluted shares outstanding hit its highest annual value?
- Caterpillar diluted shares outstanding reached its highest annual value of 857.89M in 1993.
What was Caterpillar diluted shares outstanding in 2024?
- Caterpillar (CAT) diluted shares outstanding in 2024 was 489.40M.
What was Caterpillar diluted shares outstanding in 2025?
- Caterpillar (CAT) diluted shares outstanding in 2025 was 469.00M.
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