Caterpillar Inside: How Data Centers Are Fueling a Power Boom!

Caterpillar Inc. reported its third quarter 2025 results, highlighting robust financial performance attributed to resilient demand across its primary business segments: Construction Industries, Resource Industries, and Energy & Transportation. Sales and revenues for the quarter reached an all-time record of $17.6 billion, a year-over-year increase of 10%. This growth was primarily fueled by higher sales volume, particularly in Energy & Transportation, which saw a 25% rise largely driven by demand in power generation and oil and gas sectors. The company also reported a backlog surge of $2.4 billion, bringing the total backlog to a record $39.8 billion. Despite this positive performance, the adjusted operating profit margin, though slightly above expectations, decreased year-over-year to 17.5%. The margin was impacted by incremental tariffs, reaching near the top end of the estimated $500 million to $600 million range.