# Who are Caterpillar's customers? Who does Caterpillar earn revenue from?
Canonical: https://valuechain.wiki/caterpillar · Facet: customers · Updated: 2026-09-24T04:08:55.391102+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Caterpillar's confirmed revenue counterparties include Halliburton Company, CRH plc, Republic Services, Inc. plus 8 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 11 revenue edges, backed by 13 dated sources, 3 of them primary filings (as of 2026-09-24).

### 데이터센터·광산·건설 (발전·장비) (high)
- metric: Revenue ~48% · 2026 · Power & Energy sales growth (Q1 2026)
- note: Datacenter power plus construction and resource equipment.
- [confirms] Caterpillar official results (EN, filing, published 2026-01-30) https://investors.caterpillar.com/news/news-details/2026/Caterpillar-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx: "FY2025 sales and revenues $67.6bn (+4%)"
- [confirms] TIKR (EN, research, published 2026-01-01) https://www.tikr.com/blog/caterpillar-power-chief-just-revealed-what-the-data-center-boom-really-means-for-cat-stock: "Large reciprocating-engine backlog up 3.5x+."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-29) https://www.sec.gov/Archives/edgar/data/0000018230/000001823025000043/ex991toformcat3q2025earnin.htm: "Large reciprocating-engine backlog up 3.5x+."

### 핼리버튼 (high)  → /halliburton.md
- metric: Count 12 pumps · 2013 dual-fuel fleet project · Halliburton fracturing pumps using Caterpillar dual-fuel engine technology
- note: Caterpillar supplied dual-fuel engine technology for Halliburton's Q-10 hydraulic-fracturing pumps, with public evidence confirming a 2013 project while the scale and continuity of the current supply relationship are not disclosed.
- [mentions] U.S. SEC EDGAR (EN, filing, published 2026-02-06) https://www.sec.gov/Archives/edgar/data/45012/000004501226000015/hal-20251231.htm: "Shortage of raw materials because of high levels of demand or loss of suppliers during market challenges or tariffs can trigger constraints in the supply chain of those raw materials, particularly where we have a relationship with a single supplier for a particular resource."
- [confirms] Halliburton Investor Relations (EN, ir, published 2013-01-11) https://ir.halliburton.com/news-releases/news-release-details/halliburton-uses-clean-burning-us-natural-gas-power-complete: "Halliburton and its supplier, Caterpillar, teamed up to convert the company’s new Q-10 pumps to dual fuel."

### CRH (high)  → /crh.md
- note: Caterpillar is an equipment partner deploying 70-to-100-ton battery-electric off-highway trucks and charging solutions at a CRH site in North America, with CRH participating as Caterpillar's first aggregates-industry customer under the program, but payments were not disclosed.
- [confirms] Caterpillar Inc. (EN, ir, published 2024-01-08) https://www.caterpillar.com/en/news/corporate-press-releases/h/caterpillar-crh-agreement.html: "CRH, as our first aggregates industry customer"

### 리퍼블릭 서비스 (mid)  → /republic-services.md
- metric: Count 18 bulldozers · 2023 · Caterpillar electric-drive bulldozers reported in operation by Republic Services
- note: Caterpillar provides heavy equipment, condition monitoring, and oil-analysis services across Republic Services' landfills, transfer stations, and recycling facilities, with Republic Services' 2023 sustainability report stating that 18 Caterpillar electric-drive bulldozers were in operation.
- [confirms] Republic Services (EN, ir, published 2024-07-24) https://investor.republicservices.com/static-files/2023-Republic-Services-Sustainability-Report.pdf: "In 2023, we launched an innovative maintenance partnership with Caterpillar (CAT)."

### 웨이스트 매니지먼트 (mid)  → /waste-management.md
- metric: Count 1 pilot_bulldozer · late 2025 pilot · Bulldozers operated with Cat Command at the Marana Landfill pilot
- note: Caterpillar provides Cat Command remote-control technology for a bulldozer that WM operates at its Marana Landfill in Arizona and expanded its collaboration with WM into autonomous-equipment testing after field evaluation began in late 2025, but commercial terms were not disclosed.
- [confirms] WM Media Room (EN, ir, published 2026-08-07) https://mediaroom.wm.com/Driving-the-Landfill-of-the-Future-Inside-WMs-Pilot-of-Cat-R-Command-Remote-Controlled-Technology: "WM is using Caterpillar's Cat Command remote-controlled technology at its Marana Landfill."

### 마이크로소프트 (mid)  → /microsoft.md
- note: Supplies backup and prime gensets to hyperscaler datacenters.
- [confirms] Manufacturing Dive (EN, news, published 2026-04-30) https://www.manufacturingdive.com/news/caterpillar-triple-power-generation-capacity-raises-2030-targets-q1-2026-earnings/819078/: "Supplies backup and prime gensets to hyperscaler datacenters."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-29) https://www.sec.gov/Archives/edgar/data/0000018230/000001823025000043/ex991toformcat3q2025earnin.htm: "Supplies backup and prime gensets to hyperscaler datacenters."

### 아마존 (mid)  → /amazon.md
- note: Gensets to AWS datacenters.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-29) https://www.sec.gov/Archives/edgar/data/0000018230/000001823025000043/ex991toformcat3q2025earnin.htm: "Gensets to AWS datacenters."

### 메타 플랫폼스 (mid)  → /meta.md
- note: Gensets to Meta datacenters.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-29) https://www.sec.gov/Archives/edgar/data/0000018230/000001823025000043/ex991toformcat3q2025earnin.htm: "Gensets to Meta datacenters."

### 뉴몬트 (mid)  → /newmont.md
- note: Caterpillar supplies electric autonomous haulage equipment and MineStar operating technology to Newmont mines. Revenue from Newmont is not disclosed.
- [confirms] Newmont Corporation (EN, ir, published 2021-11-10) https://newmont.com/investors/news-release/news-details/2021/Newmont-and-Caterpillar-Announce-Revolutionary-Strategic-Alliance-to-Achieve-Zero-Emissions-Mining/default.aspx: "Caterpillar will develop its first battery electric zero-emissions underground truck to be deployed at Tanami."

### 프리포트맥모란 (mid)  → /freeport-mcmoran.md
- note: Caterpillar operates a certified rebuild program with Freeport-McMoRan to maintain Cat mining-truck fleets across its operations, but the value of the underlying equipment and service contracts is not disclosed.
- [confirms] Caterpillar (EN, ir, published 2025-03-26) https://www.cat.com/en_US/blog/mining/articles/truck-rebuild-program-freeport.html: "Freeport adopted a rebuild program with Caterpillar to support its global Cat truck fleets."

### 마틴 마리에타 머티리얼스 (mid)  → /martin-marietta-materials.md
- note: Caterpillar is an aggregates-business partner providing Martin Marietta with mobile quarry equipment and related services, and Martin Marietta's report and a Caterpillar customer story confirm the equipment relationship, but spending is undisclosed.
- [confirms] Martin Marietta Materials (EN, ir, published 2026-05-16) https://mcdn.martinmarietta.com/assets/sustainability/2025sustainabilityreport.pdf: "work with Caterpillar, Komatsu, John Deere and other partners"
- [confirms] Caterpillar (EN, ir, published 2024-11-01) https://www.cat.com/en_US/by-industry/construction-industry-resources/compact-and-small-wheel-loaders.html: "Cat 938M Aggregate Handler Customer Story: Martin Marietta"

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