StocksMedium•4 November 2026•
1 min read
Caterpillar Shares Drop 4.45% as Backlog Hits $78.1 Billion
Key Facts
1Caterpillar shares declined 4.45% as the company's backlog reached $78.1 billion.
2The backlog increased by $6 billion from the previous quarter, representing approximately 3.8 times quarterly revenue.
3The company faces capacity expansion hurdles and estimated annual tariff costs of $2.2 billion.
Caterpillar shares declined 4.45% as the company's backlog reached $78.1 billion. Reuters reported that the backlog increased by $6 billion from the previous quarter, representing approximately 3.8 times quarterly revenue.
The company faces capacity expansion hurdles and estimated annual tariff costs of $2.2 billion according to TradingView. CAT closed at $623.94 on November 3, 2026, as investors reacted to difficulties in clearing the massive order book due to production constraints.