Cat Financial
Cat Financial is the captive finance arm of Caterpillar Inc., providing loans, leases, and rental financing for Caterpillar heavy equipment across construction, mining, power generation, agriculture, government, and marine industries globally, with $947 million in Q1 2026 revenue.
- Company typePublic
- Founded1981
- HeadquartersNashville, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Cat Financial does
Cat Financial, legally Caterpillar Financial Services Corporation, is the wholly-owned captive finance subsidiary of Caterpillar Inc. (NYSE: CAT), founded in 1981 and headquartered in Nashville, Tennessee. The company provides loans, leases, and rental financing for Caterpillar-branded heavy equipment, serving end customers across construction, mining, power generation, agriculture, government, and marine industries. Its portfolio includes the MyCatFinancial digital account-management portal, the Cat Commercial Account payment card, Extended Protection and Physical Damage Insurance, Cat Customer Value Agreements, Cat Rewards, and the VisionLink fleet management platform.
Revenue is generated primarily through interest income on equipment loans and financing leases, fee income from credit facilities, and recurring protection/insurance products. Cat Financial funds its lending activities through debt issuance; in Q1 2026 it raised $3.25 billion in medium-term notes alongside an additional $1.3 billion in debt securities. Distribution is conducted through Caterpillar's global dealer network, supplemented by direct digital origination through MyCatFinancial, with regional sales teams covering North America, Asia Pacific, Europe, and Latin America.
Q1 2026 revenue was $947 million, up 10% year-over-year, with profit of $144 million, up 11%; full-year 2025 retail new business volume reached $14.26 billion (+8% YoY) and full-year 2025 profit was $540 million. Past-due rates of 1.37–1.39% are at historical lows, reflecting strong credit quality. Recent strategic moves include alliances to finance 2 GW of AI data center power generation at AIP's Monarch Compute Campus, expanded financing for ProPetro's PROPWR power generation business, and product launches including the Cat AI Assistant (on NVIDIA Jetson Thor) and the Cat AMP battery energy storage system.
Cat Financial firmographics
Firmographics- Name
- Cat Financial
- Legal name
- Caterpillar Financial Services Corporation
- Website
- https://catfinancial.com
- Company type
- Public
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Cat Financial is the captive finance arm of Caterpillar Inc., providing loans, leases, and rental financing for Caterpillar heavy equipment across construction, mining, power generation, agriculture, government, and marine industries globally, with $947 million in Q1 2026 revenue.
- Ownership category
- akta.pro rank
Where Cat Financial is headquartered
LocationHeadquarters
- HQ city
- Nashville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cat Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Equipment Financing and Lending: Cat Financial provides financing for Caterpillar equipment through loans, leases, and rental arrangements. Revenue is generated from interest income on loans and financing leases, as well as fee income from credit facilities. Q1 2026 revenues of $947 million, up 10% year-over-year.
- Protection and Insurance Products: Extended protection plans and physical damage insurance products that extend coverage beyond standard warranties. Cat Customer Value Agreements provide customized maintenance and protection plans for equipment.
- Medium-Term Note Issuance: Cat Financial raises capital through issuance of medium-term notes. In Q1 2026, the company issued $3.25 billion in new medium-term notes to fund operations and lending activities.
- Retail New Business Volume: New financing contracts written for customers purchasing or leasing equipment. Q1 2026 retail new business volume grew 8% to $3.19 billion, driven by higher volume in Mining, North America, Asia Pacific and Power segments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Customized equipment financing solutions |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Cat Financial product offering
Product offeringCore offering
Cat Financial is the captive finance arm of Caterpillar Inc., providing equipment financing through loans, leases, and rental arrangements for Caterpillar machinery. The company also offers extended protection and physical damage insurance, Cat Customer Value Agreements for scheduled maintenance, the Cat Commercial Account payment card, and digital account management via the MyCatFinancial portal.
Product overview
Cat Financial is a financial services division of Caterpillar that provides equipment financing solutions. The core offering is equipment financing through loans, leases, and rent options for Cat machinery. The portfolio includes digital platforms (MyCatFinancial portal, VisionLink fleet management), payment solutions (Cat Commercial Account), and protection products (Extended Protection insurance, Cat Customer Value Agreements, Cat Rewards). The company also offers AI-powered tools including the Cat AI Assistant for conversational equipment interaction and Cat® AMP for asset management. These products work together to provide comprehensive financing and equipment management services for construction, mining, and industrial customers.
Differentiator
Problem solved
Functional benefit
Brands
- MyCatFinancial: Online account management portal for Cat Financial customers to manage contracts, make payments, and access financial documents.
Products and services
- Cat Financial Equipment Financing Equipment financing services offering loans, leases, and rental options for new, used, and rented Caterpillar equipment purchases, providing flexible financing solutions for businesses of all sizes.
- MyCatFinancial Portal Online account management portal allowing customers to pay bills, check interest paid, print contracts, and sign documents 24/7, integrated with Cat Commercial Account management.
- Cat Commercial Account Payment card program enabling customers to pay for equipment, parts, service, and attachments at participating Cat dealers and Cat Rentals locations.
- Extended Protection and Physical Damage Insurance Equipment protection solutions beyond standard warranty, securing investments in Caterpillar machines of all sizes and conditions.
- Cat Customer Value Agreements Custom maintenance plans designed to maintain equipment's built-in value through scheduled maintenance and parts replacement.
- Cat Rewards Rewards program allowing customers to earn points through routine maintenance and parts replacement for use toward future purchases.
- VisionLink Fleet Management Fleet management platform for monitoring and managing equipment fleet, integrated with MyCatFinancial for comprehensive equipment oversight.
- Cat AI Assistant Artificial intelligence solution enabling customers to interact with equipment and digital applications through unified conversational interface using NVIDIA Jetson Thor edge computing platform for speech recognition and natural language processing.
- Cat AMP Battery Energy Storage System Battery energy storage system using Caterpillar's asset management platform Cat AMP for long-term energy cost management and grid integration.
Quantifiable outcome
- 10% revenue growth to $947 million in Q1 2026
- +3 more outcomes
Companies that use Cat Financial
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Cat Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature4 records
Cat Financial partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor, core and supporting.
- Danvers ElectricminorDanvers Electric, a Massachusetts municipal utility, deployed Caterpillar's asset management platform Cat AMP for battery energy storage system integration and long-term energy cost management.
- American Intelligence & Power CorporationcoreStrategic alliance with American Intelligence & Power Corporation and Boyd CAT to deploy 2 gigawatts of dedicated power generation at AIP's Monarch Compute Campus in West Virginia for hyperscale AI data centers. Caterpillar will supply fast-response natural gas generator sets with battery energy storage systems. Cat Financial provides vendor equipment financing. Deliveries scheduled from September 2026 through August 2027, with first power online in 2027. Monarch targeting 8 GW total generation capacity.
- Boyd CATcoreJoint alliance with Boyd CAT for deployment of 2 GW power generation capacity at Monarch Compute Campus in West Virginia for AI infrastructure. Boyd CAT serves as the local dealer partner in this strategic initiative.
- NVIDIAsupportingCaterpillar's Cat AI Assistant runs on the NVIDIA Jetson Thor platform for edge computing and speech recognition. This technology partnership enables AI-powered equipment management solutions for Cat customers.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Cat Financial competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cat Financial social profiles
Digital presenceCat Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cat Financial leadership team
Management profileNumber of profiles
Profiles5 records
Cat Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cat Financial M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cat Financial
What does Cat Financial do?
Cat Financial is the captive finance arm of Caterpillar Inc., providing equipment financing through loans, leases, and rental arrangements for Caterpillar machinery. The company also offers extended protection and physical damage insurance, Cat Customer Value Agreements for scheduled maintenance, the Cat Commercial Account payment card, and digital account management via the MyCatFinancial portal.
Is Cat Financial a public or private company?
Cat Financial is a public company. It is classified as corporate owned and is currently operating.
When was Cat Financial founded?
Cat Financial was founded in 1981. It employs 1,001 to 5,000 people.
Where is Cat Financial based?
Cat Financial is headquartered in Nashville, United States, in the North America region.
How does Cat Financial make money?
Four revenue lines are on record. Equipment Financing and Lending is the primary driver. The others are protection and Insurance Products, medium-Term Note Issuance and retail New Business Volume.
Does Cat Financial have an API?
No public API is recorded for Cat Financial.