Caterpillar Management
Management criteria checks 3/4
Caterpillar's CEO is Joe Creed, appointed in May 2025, has a tenure of less than a year. total yearly compensation is $11.13M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth $18.57M. The average tenure of the management team and the board of directors is 3.7 years and 4.5 years respectively.
Key information
Joe Creed
Chief executive officer
US$11.1m
Total compensation
| CEO salary percentage | 10.02% |
| CEO tenure | less than a year |
| CEO ownership | 0.009% |
| Management average tenure | 3.7yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
Caterpillar: Tariffs Continue To Wreak Havoc On Profitability
Sep 08Caterpillar Inc. (NYSE:CAT) Just Reported And Analysts Have Been Lifting Their Price Targets
Aug 07
A Look At The Intrinsic Value Of Caterpillar Inc. (NYSE:CAT)
Jul 18Why Caterpillar Inc. (NYSE:CAT) Could Be Worth Watching
Jul 06The Price Is Right For Caterpillar Inc. (NYSE:CAT)
Jun 24Is Caterpillar (NYSE:CAT) A Risky Investment?
Jun 10We Like Caterpillar's (NYSE:CAT) Returns And Here's How They're Trending
May 17Here's What Analysts Are Forecasting For Caterpillar Inc. (NYSE:CAT) After Its First-Quarter Results
May 02Caterpillar: This Cat Is Out Of Lives For Now (Rating Downgrade)
Apr 15Caterpillar Vs. Deere: Which One Is The Better Buy Amidst Tariffs?
Apr 06Caterpillar: Diversification Without Diworsification; Home Depot Looks Healthy, So Do Others
Mar 12Caterpillar Inc.'s (NYSE:CAT) Price Is Right But Growth Is Lacking
Mar 10Caterpillar: Good Long-Term Story, But Near-Term Woes Keep Me On The Sidelines
Mar 06We Think Caterpillar (NYSE:CAT) Can Stay On Top Of Its Debt
Feb 27Caterpillar: Why The Stock Is Close To Fair Value
Feb 27Do Caterpillar's (NYSE:CAT) Earnings Warrant Your Attention?
Feb 14Analysts Are Updating Their Caterpillar Inc. (NYSE:CAT) Estimates After Its Yearly Results
Feb 03Caterpillar: Q4 Earnings Report Confirms Negative Macroeconomic Outlook, Indicating Margin Contraction
Jan 31Caterpillar (NYSE:CAT) Knows How To Allocate Capital Effectively
Jan 27Caterpillar: Macroeconomic Outlook For 2025 Signals Trouble For Heavy Equipment
Dec 29What Is Caterpillar Inc.'s (NYSE:CAT) Share Price Doing?
Dec 08Caterpillar Is Good, But Not Quite Great
Dec 02Why Caterpillar Is The Industrial Giant I'm Betting On For The Next Decade
Nov 23
Narrative update from Goran Damchevski
CAT is stuck in a downwards cycle that is expected to persist in Q4.We Ran A Stock Scan For Earnings Growth And Caterpillar (NYSE:CAT) Passed With Ease
Nov 13Caterpillar Q3: There Are More Pressing Issues Than The Earnings Miss
Oct 30Is Caterpillar Inc. (NYSE:CAT) Expensive For A Reason? A Look At Its Intrinsic Value
Oct 27Caterpillar: 4 Major CATalysts
Oct 23Returns on Capital Paint A Bright Future For Caterpillar (NYSE:CAT)
Oct 15Does Caterpillar (NYSE:CAT) Have A Healthy Balance Sheet?
Oct 04Caterpillar: The Macroeconomic Factors Fueling Its Resilience (Rating Upgrade)
Sep 22Narrative update from Goran Damchevski
Average revenue growth 4%, revised down from 7.5%. Leading to 2028 revenues of $78.8B
Soft Economic Conditions And Cautious Outlook Shadow Construction And Resource Industries' Prospects
Concerns about a slowdown in North American rental fleet loading hint at cautious outlooks impacting future Construction Industries' revenue growth.Caterpillar: Why I'd Wait Before Adding To Existing Position (Rating Downgrade)
Aug 29Dividend Resilience: Unveiling Caterpillar's Secret Sauce
Aug 20Caterpillar: Every Good Tale Must Come To An End
Aug 02Why I Remain Bullish On Caterpillar Dividends
Jul 21Caterpillar: Material Downside To Consensus Estimates
Jun 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | US$9b |
| Mar 31 2025 | n/a | n/a | US$10b |
| Dec 31 2024 | US$11m | US$1m | US$11b |
| Sep 30 2024 | n/a | n/a | US$11b |
| Jun 30 2024 | n/a | n/a | US$11b |
| Mar 31 2024 | n/a | n/a | US$11b |
| Dec 31 2023 | US$7m | US$819k | US$10b |
| Sep 30 2023 | n/a | n/a | US$9b |
| Jun 30 2023 | n/a | n/a | US$8b |
| Mar 31 2023 | n/a | n/a | US$7b |
| Dec 31 2022 | US$6m | US$702k | US$7b |
| Sep 30 2022 | n/a | n/a | US$7b |
| Jun 30 2022 | n/a | n/a | US$7b |
| Mar 31 2022 | n/a | n/a | US$6b |
| Dec 31 2021 | US$7m | US$665k | US$6b |
| Sep 30 2021 | n/a | n/a | US$5b |
| Jun 30 2021 | n/a | n/a | US$4b |
| Mar 31 2021 | n/a | n/a | US$3b |
| Dec 31 2020 | n/a | n/a | US$3b |
| Sep 30 2020 | n/a | n/a | US$3b |
| Jun 30 2020 | n/a | n/a | US$4b |
| Mar 31 2020 | n/a | n/a | US$5b |
| Dec 31 2019 | n/a | n/a | US$6b |
| Sep 30 2019 | n/a | n/a | US$6b |
| Jun 30 2019 | n/a | n/a | US$6b |
| Mar 31 2019 | n/a | n/a | US$6b |
| Dec 31 2018 | US$5m | US$371k | US$6b |
Compensation vs Market: Joe's total compensation ($USD11.13M) is about average for companies of similar size in the US market ($USD13.47M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Joe Creed (49 yo)
Mr. Joseph E. Creed, also known as Joe, is CEO & Director of Caterpillar Inc. from May 1, 2025. Mr. Creed was Chief Operating Officer of Caterpillar Inc. from November 01, 2023. Mr. Creed was Group Preside...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 8.7yrs | US$25.26m | 0.12% $ 261.5m | |
| CEO & Director | less than a year | US$11.13m | 0.0085% $ 18.6m | |
| Chief Financial Officer | 7yrs | US$7.98m | 0.014% $ 30.5m | |
| Group President of Resource Industries | 9.4yrs | US$8.72m | 0.0093% $ 20.4m | |
| Group President of Services | 8.7yrs | US$8.56m | 0.017% $ 37.1m | |
| VP & Chief Accounting Officer | 3.7yrs | no data | 0.00054% $ 1.2m | |
| Senior VP & CTO | less than a year | no data | no data | |
| Senior VP & Chief Information Officer | 5.7yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer | 3.7yrs | no data | no data | |
| Chief Legal Officer & General Counsel | 1.7yrs | no data | 0.0015% $ 3.3m | |
| Chief Human Resources Officer | less than a year | no data | 0.00045% $ 981.9k |
Experienced Management: CAT's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 8.7yrs | US$25.26m | 0.12% $ 261.5m | |
| CEO & Director | less than a year | US$11.13m | 0.0085% $ 18.6m | |
| Independent Director | 4.4yrs | US$344.95k | 0.0016% $ 3.6m | |
| Independent Director | 16.3yrs | US$324.95k | 0.0015% $ 3.2m | |
| Independent Director | 10.7yrs | US$394.95k | 0.0027% $ 6.0m | |
| Independent Director | 8.7yrs | US$349.95k | 0.0017% $ 3.8m | |
| Independent Director | 2.5yrs | US$319.95k | 0.00037% $ 807.3k | |
| Independent Director | 2.5yrs | US$324.95k | 0.0011% $ 2.3m | |
| Independent Director | less than a year | US$25.00k | 0.00011% $ 240.0k | |
| Independent Director | 4.5yrs | US$319.95k | 0.00078% $ 1.7m |
Experienced Board: CAT's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/28 15:08 |
| End of Day Share Price | 2025/09/26 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Caterpillar Inc. is covered by 69 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| William Grace | Avondale Partners |
| Mircea Dobre | Baird |