Capricornus is one of the constellations of the zodiac. Its name is Latin for "horned goat" or "goat horn" or "having horns like a goat's", and it is commonly represented in the form of a sea goat: a mythical creature that is half goat, half fish.

Capricornus is one of the 88 modern constellations, and was also one of the 48 constellations listed by the 2nd century astronomer Claudius Ptolemy. Its traditional astrological symbol is (♑︎). Under its modern boundaries it is bordered by Aquila, Sagittarius, Microscopium, Piscis Austrinus, and Aquarius. The constellation is located in an area of sky called the Sea or the Water, consisting of many water-related constellations such as Aquarius, Pisces and Eridanus. It is the smallest constellation in the zodiac.

Capricornus is a faint constellation, with only one star above magnitude 3; its alpha star has a magnitude of only 3.6.

The brightest star in Capricornus is δ Capricorni, also called Deneb Algedi, with a magnitude of 2.9, located 39 light-years from Earth. Like several other stars such as Denebola and Deneb, it is named for the Arabic word for "tail or end" (deneb) and “young goat / kid” (al-gedi); its traditional name means "tail to head” or “back to the beginning", which could be related to the Ouroboros or Janus since the zodiac relates to January. Deneb Algedi is a Beta Lyrae variable star (a type of eclipsing binary). It ranges by about 0.2 magnitudes with a period of 24.5 hours.

The other bright stars in Capricornus range in magnitude from 3.1 to 5.1. α Capricorni is a multiple star. The primary (α² Cap), 109 light-years from Earth, is a yellow-hued giant star of magnitude 3.6; the secondary (α¹ Cap), 690 light-years from Earth, is a yellow-hued supergiant star of magnitude 4.3. The two stars are distinguishable by the naked eye, and both are themselves multiple stars. α¹ Capricorni is accompanied by a star of magnitude 9.2; α² Capricorni is accompanied by a star of magnitude 11.0; this faint star is itself a binary star with two components of magnitude 11. Also called Algedi or Giedi, the traditional names of α Capricorni come from the Arabic word for "the kid", which references the constellation's mythology.

β Capricorni is a double star also known as Dabih. It is a yellow-hued giant star of magnitude 3.1, 340 light-years from Earth. The secondary is a blue-white hued star of magnitude 6.1. The two stars are distinguishable in binoculars. β Capricorni's traditional name comes from the Arabic phrase for "the lucky stars of the slaughterer," a reference to ritual sacrifices performed by ancient Arabs at the heliacal rising of Capricornus. Another star visible to the naked eye is γ Capricorni, sometimes called Nashira ("bringing good tidings"); it is a white-hued giant star of magnitude 3.7, 139 light-years from Earth. π Capricorni is a double star with a blue-white hued primary of magnitude 5.1 and a white-hued secondary of magnitude 8.3. It is 670 light-years from Earth and the components are distinguishable in a small telescope.

Several galaxies and star clusters are contained within Capricornus. Messier 30 is a globular cluster located 1 degree south of the galaxy group that contains NGC 7103. The constellation also harbors the wide spiral galaxy NGC 6907.

Messier 30 (NGC 7099) is a centrally-condensed globular cluster of magnitude 7.5 . At a distance of 30,000 light-years, it has chains of stars extending to the north that are resolvable in small amateur telescopes.