Key Points Caterpillar's stock has risen more than 70% in the past year. The company's backlog has grown to a record $72 billion. 10 stocks we like better than Caterpillar › The construction and heavy machinery company Caterpillar (NYSE: CAT) recently delivered one of its strongest quarters in history. A beneficiary of the artificial intelligence (AI) build-out, Caterpillar could potentially be the best industrials stock in the market right now. Caterpillar's revenue in the second quarter of 2026 increased 24% to $20.5 billion from the previous year. The company's backlog is what really makes Caterpillar one of the best, if not the best, industrials stocks to buy right now. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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