Caterpillar Stock Soars to New Heights: Will a Split Follow?
Caterpillar (CAT) has been on a tear, soaring over 76% in the past year. The company's stock touched an all-time high of $1,064 in late June and closed at $819.95 as of this writing.
Investors are wondering if management plans to split the company's stock again, given its history of five splits over the past 50 years. However, recent financial reporting has been strong, with year-over-year sales growth of 4% in 2025 and a backlog of $51 billion, also a record.
The second quarter of 2026 saw revenue increase by 24% to $20.5 billion, and the company's free cash flow rose by 118% to $5.1 billion. While some investors may be looking for a stock split as a way to profit, savvy investors recognize that it wouldn't change their overall wealth.
Caterpillar is one of the largest industrial companies worldwide, making it unlikely that management will choose to split the company's stock in the near future, especially given its current price.