Caterpillar (CAT) Stock on November 23, 2025: Price, Vertiv AI Deal and Outlook for 2026
Caterpillar closed Friday near $550 per share, up over 60% for the year and trading close to its 52-week high. The company’s Energy & Transportation segment posted 17% sales growth in Q3, driven by demand from AI data centers. Market cap stands near $258 billion, with a trailing P/E ratio around 28–29. Caterpillar reported a record $39.8 billion backlog and Q3 revenues of $17.6 billion.