Caterpillar (CAT) Shares Outstanding (2009 - 2026)
Caterpillar (CAT) recorded Shares Outstanding of 460.4 million in Q2 2026, down 2.0% from 469.7 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Caterpillar (CAT) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Caterpillar reported Shares Outstanding of 470 million, down 3.4% from FY2024.
- Annual Shares Outstanding has declined for four straight years, with a five-year compound annual growth rate of -2.9% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 486.7 million in FY2024 (-4.7%), 510.6 million in FY2023 (-3.1%), 526.9 million in FY2022 (-3.1%) and 544 million in FY2021 (unchanged).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding in data going back to Q1 2009.
- On a year-over-year basis, Shares Outstanding has declined for 18 consecutive quarters, with an average decline of 3.5% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 0.3% in Q3 2021, against a decline of 5.0% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 463.4 million (Q1 2026), 470 million (Q4 2025) and 468.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.84 Bn | 323.53 Bn | 7.76 Bn | 460.40 Mn |
| 2 | Amphenol | 209.14 Bn | 203.72 Bn | 3.55 Bn | 2.46 Bn |
| 3 | Deere | 173.99 Bn | 142.08 Bn | 4.66 Bn | 269.80 Mn |
| 4 | Eaton | 165.20 Bn | 162.39 Bn | 2.86 Bn | 388.50 Mn |
| 5 | Parker-Hannifin | 120.55 Bn | 118.67 Bn | 2.25 Bn | 126.30 Mn |
| 6 | Emerson Electric | 90.75 Bn | 83.49 Bn | 2.66 Bn | 558.80 Mn |
| 7 | Vertiv Holdings | 90.61 Bn | 81.23 Bn | 1.23 Bn | 384.56 Mn |
| 8 | 3M | 83.78 Bn | 65.18 Bn | 2.68 Bn | 519.70 Mn |
| 9 | Illinois Tool Works | 75.74 Bn | 72.30 Bn | 1.90 Bn | 286.40 Mn |
| 10 | Cummins | 72.28 Bn | 68.36 Bn | 2.47 Bn | 137.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 460.40 Mn |
| Mar 31, 2026 | 463.40 Mn |
| Dec 31, 2025 | 470.00 Mn |
| Sep 30, 2025 | 468.60 Mn |
| Jun 30, 2025 | 469.70 Mn |
| Mar 31, 2025 | 474.90 Mn |
| Dec 31, 2024 | 486.70 Mn |
| Sep 30, 2024 | 484.20 Mn |
| Jun 30, 2024 | 487.20 Mn |
| Mar 31, 2024 | 493.90 Mn |
| Dec 31, 2023 | 510.60 Mn |
| Sep 30, 2023 | 509.80 Mn |
| Jun 30, 2023 | 512.90 Mn |
| Mar 31, 2023 | 516.20 Mn |
| Dec 31, 2022 | 526.90 Mn |
| Sep 30, 2022 | 525.00 Mn |
| Jun 30, 2022 | 531.00 Mn |
| Mar 31, 2022 | 534.50 Mn |
| Dec 31, 2021 | 544.00 Mn |
| Sep 30, 2021 | 544.00 Mn |
API Access
Caterpillar Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();