Caterpillar Inc. (CAT) vs Johnson & Johnson (JNJ)

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company reports results across Construction Industries, Resource Industries, and Energy & Transportation, with market share nearing 20% in many product categories. Caterpillar also operates a captive finance subsidiary that helps support equipment sales. Its business has a broad global footprint, with revenue roughly balanced between the United States and international markets. The construction segment is more heavily weighted toward the domestic market, while the other divisions are more geographically diversified. An independent dealer network of more than 150 dealers runs approximately 2,800 locations, extending Caterpillar’s sales and service presence to about 190 countries.

Johnson & Johnson is the world’s largest and most diversified healthcare company. Its operations are organized into two segments: Innovative Medicine and MedTech, which together account for all revenue following the 2023 separation of its consumer health business, Kenvue. After restructurings completed in 2023 and 2024, the pharmaceutical segment is focused on three core therapeutic areas: immunology, oncology, and neurology. From a geographic perspective, slightly more than half of the company’s total revenue comes from the United States.