Bernborough, 1946 winner | |
| Class | Group 1 |
|---|---|
| Location | Caulfield Racecourse Melbourne, Australia |
| Inaugurated | 1886 |
| Race type | Thoroughbred - Flat racing |
| Sponsor | Sportsbet (2024-26) |
| Website | www.melbourneracingclub.net.au |
| Race information | |
| Distance | 2,000 metres |
| Surface | Turf |
| Track | Left-handed |
| Qualification | Three year olds and older that are not maidens |
| Weight | Weight for Age |
| Purse | $1,000,000 (2026) |
| Bonuses | Winner exempt from ballot in the Caulfield Cup |
The Might and Power, registered as the Caulfield Stakes is a Melbourne Racing Club Group 1 Thoroughbred horse race run under weight-for-age conditions, for three-year-olds and upwards, run over a distance of 2,000 metres at Caulfield Racecourse, Melbourne, Australia.
The race is held annually in October on Caulfield Guineas day, the first day of the MRC Spring Carnival. The conditions of the race in regard to distance and WFA is similar to the W. S. Cox Plate, held a fortnight after the Caulfield Stakes, and many Cox Plate contenders will use this race as a preparatory race.
During World War II the race was run at Flemington Racecourse.





The 2016 edition of the race attracted only three entries, the smallest ever G1 race in Australia with champion mare Winx scaring off potential rivals. In 2021 the race was renamed The Might and Power to honour the 1997 Caulfield Cup and Melbourne Cup winner who won this race back in 1998.
Only two horses have managed to claim the race on more than one occasion since 1966, reflecting the difficulty in winning the time honoured event. They were Kingston Town in 1981/82, then 20 years later Lonhro in 2002/03, both champions in their own right.
Thoroughbreds that have won the Caulfield Stakes – W. S. Cox Plate double:
Thoroughbreds that have won the Caulfield Stakes – Caulfield Cup double:
The following are past winners of the Caulfield Stakes.