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Caterpillar recovered some of the ground it lost in 2020 after the pandemic brought construction to a near standstill worldwide. The company climbed five spots on the list this year, with 2021 revenue increasing 22% to $51 billion. Its profits increased dramatically as well, more than doubling. The gains reflected the pent-up demand for Caterpillar’s heavy machinery as construction projects picked up.
George Frey—Bloomberg/Getty Images
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