Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Caterpillar's shares outstanding for the quarter that ended in Mar. 2026 was 461 Mil.
Caterpillar's quarterly shares outstanding
declined
from Dec. 2025 (465 Mil) to Mar. 2026 (461 Mil).
It means Caterpillarbought back shares from Dec. 2025 to Mar. 2026 .
Caterpillar's annual shares outstanding
declined
from Dec. 2024 (478 Mil) to Dec. 2025 (465 Mil).
It means Caterpillarbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Caterpillar Shares Outstanding (EOP) Related Terms
Caterpillar Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Caterpillar's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:CAT vs DE, PCAR, CNH: Shares Outstanding (EOP) Comparison
For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Caterpillar Shares Outstanding (EOP) vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Caterpillar's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 461 Mil mean?
Caterpillar (MEX:CAT) has a Shares Outstanding (EOP) of 461 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Caterpillar and its competitors.
Is Caterpillar's Shares Outstanding (EOP) too high?
Caterpillar's current Shares Outstanding (EOP) is 461 Mil. Overall, Caterpillar has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caterpillar's Shares Outstanding (EOP) compare to DE and PCAR?
Caterpillar's Shares Outstanding (EOP) of 461 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Farm & Heavy Construction Machinery company?
A good Shares Outstanding (EOP) depends on the Farm & Heavy Construction Machinery industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Caterpillar and its competitors. Caterpillar's current Shares Outstanding (EOP) is 461 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caterpillar stock overvalued right now?
Based on GuruFocus' analysis, Caterpillar (MEX:CAT) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN7,360.07, compared to a current price of MXN17,570.00 — trading 138.7% above its estimated fair value. The current Shares Outstanding (EOP) is 461 Mil. Caterpillar's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Caterpillar (MEX:CAT), the current Shares Outstanding (EOP) is 461 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Caterpillar (MEX:CAT) Overvalued in 2026?
Based on GuruFocus' analysis, Caterpillar stock appears to be overvalued.
The current stock price of MXN17,570.00 is trading 138.7% above its estimated GF Value™ of MXN7,360.07.
GuruFocus considers Caterpillar to be Significantly Overvalued.
Key valuation signals for MEX:CAT:
Shares Outstanding (EOP): 461 Mil
GF Value™: MXN7,360.07 vs. price of MXN17,570.00 (138.7% above fair value)
No single metric tells the full story. See the MEX:CAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are construction, resource, energy, and transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
77GF Score
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