CMI · Cummins Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.40B | - | $8.32B | $8.64B | $8.17B | - | $8.46B | $8.80B | $8.40B | - |
| Cost of Revenue | $6.16B | - | $6.19B | $6.36B | $6.02B | - | $6.29B | $6.60B | $6.36B | - |
| Gross Profit | $2.24B | - | $2.13B | $2.28B | $2.15B | - | $2.17B | $2.19B | $2.04B | - |
| R&D | $358.00M | - | $345.00M | $357.00M | $344.00M | - | $359.00M | $379.00M | $369.00M | - |
| SG&A | $845.00M | - | $789.00M | $779.00M | $771.00M | - | $807.00M | $828.00M | $839.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $282.00M | - | - | - | $269.00M | - | - | - | $265.00M | - |
| Operating Income | $949.00M | - | $852.00M | $1.23B | $1.13B | - | $1.05B | $1.04B | $923.00M | - |
| Interest Expense | $77.00M | - | $83.00M | $87.00M | $77.00M | - | $97.00M | $109.00M | $89.00M | - |
| Income Tax | $254.00M | - | $271.00M | $297.00M | $267.00M | - | $200.00M | $225.00M | $193.00M | - |
| Net Income | $654.00M | - | $536.00M | $890.00M | $824.00M | - | $809.00M | $726.00M | $1.99B | - |
| EPS - Basic | $4.73 | - | $3.88 | $6.46 | $5.99 | - | $5.90 | $5.30 | $14.10 | - |
| EPS - Diluted | $4.71 | - | $3.86 | $6.43 | $5.96 | - | $5.86 | $5.26 | $14.03 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.61B | $2.85B | $2.57B | $2.32B | $1.67B | $1.67B | $1.73B | $1.59B | $2.18B | $2.18B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $6.13B | $5.82B | $6.26B | $6.29B | $6.12B | $5.74B | $6.13B | $5.86B | $5.76B | $5.68B |
| Accounts Payable | $4.43B | $3.80B | $3.82B | $4.15B | $4.31B | $3.95B | $4.21B | $4.41B | $4.48B | $4.26B |
| Current Assets | $17.38B | $16.93B | $16.72B | $16.93B | $15.54B | $14.75B | $15.32B | $14.96B | $15.62B | $15.20B |
| Total Assets | $34.45B | $33.99B | $33.64B | $34.26B | $32.53B | $31.54B | $32.05B | $31.32B | $31.83B | $32.01B |
| Current Liabilities | $10.17B | $9.61B | $9.45B | $10.31B | $11.57B | $11.23B | $11.60B | $11.14B | $11.69B | $12.90B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $21.07B | $20.58B | $20.54B | $21.39B | $20.56B | $20.23B | $20.71B | $20.74B | $21.73B | $22.10B |
| Stockholders' Equity | $12.35B | $12.35B | $12.06B | $11.79B | $10.92B | $10.27B | $10.31B | $9.55B | $9.07B | $8.85B |
| Retained Earnings | $22.99B | $22.62B | $22.30B | $22.04B | $21.40B | $20.83B | $20.66B | $20.10B | $19.61B | $17.85B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $309.00M | - | - | - | ($3.00M) | - | - | - | $276.00M | - |
| Investing Cash Flow | ($10.00M) | - | - | - | ($246.00M) | - | - | - | ($406.00M) | - |
| Financing Cash Flow | ($517.00M) | - | - | - | $92.00M | - | - | - | $499.00M | - |
| CapEx | $189.00M | - | - | - | $162.00M | - | - | - | $169.00M | - |
| Free Cash Flow | $120.00M | - | - | - | ($165.00M) | - | - | - | $107.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.7% | - | 25.6% | 26.4% | 26.4% | - | 25.7% | 24.9% | 24.3% | - |
| Operating margin | 11.3% | - | 10.2% | 14.2% | 13.9% | - | 12.4% | 11.9% | 11.0% | - |
| EBITDA margin | 14.7% | - | - | - | 17.2% | - | - | - | 14.1% | - |
| Net margin | 7.8% | - | 6.4% | 10.3% | 10.1% | - | 9.6% | 8.3% | 23.7% | - |
| Free cash flow margin | 1.4% | - | - | - | -2.0% | - | - | - | 1.3% | - |
| FCF / Net income | 0.18 | - | - | - | -0.20 | - | - | - | 0.05 | - |
| R&D / Revenue | 4.3% | - | 4.1% | 4.1% | 4.2% | - | 4.2% | 4.3% | 4.4% | - |
| SG&A / Revenue | 10.1% | - | 9.5% | 9.0% | 9.4% | - | 9.5% | 9.4% | 10.0% | - |
| Effective tax rate | 28.0% | - | 33.6% | 25.0% | 24.5% | - | 19.8% | 23.7% | 8.8% | - |
| Return on assets | 1.9% | - | 1.6% | 2.6% | 2.5% | - | 2.5% | 2.3% | 6.3% | - |
| Return on equity | 5.3% | - | 4.4% | 7.5% | 7.5% | - | 7.8% | 7.6% | 22.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.71 | 1.76 | 1.77 | 1.64 | 1.34 | 1.31 | 1.32 | 1.34 | 1.34 | 1.18 |
| Quick ratio | 1.11 | 1.16 | 1.11 | 1.03 | 0.81 | 0.80 | 0.79 | 0.82 | 0.84 | 0.74 |
| Cash ratio | 0.26 | 0.30 | 0.27 | 0.22 | 0.14 | 0.15 | 0.15 | 0.14 | 0.19 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 12.3x | - | 10.3x | 14.1x | 14.7x | - | 10.8x | 9.6x | 10.4x | - |
| Equity multiplier | 2.79 | 2.75 | 2.79 | 2.91 | 2.98 | 3.07 | 3.11 | 3.28 | 3.51 | 3.62 |
| Liabilities / Assets | 0.61 | 0.61 | 0.61 | 0.62 | 0.63 | 0.64 | 0.65 | 0.66 | 0.68 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.25 | 0.25 | 0.25 | - | 0.26 | 0.28 | 0.26 | - |
| Inventory turnover | 1.00 | - | 0.99 | 1.01 | 0.98 | - | 1.02 | 1.13 | 1.10 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 363d | - | 369d | 361d | 371d | - | 356d | 324d | 330d | - |
| Days payable outstanding | 263d | - | 225d | 238d | 261d | - | 244d | 243d | 257d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 114.2x | - | 109.4x | 50.9x | 52.6x | - | 55.3x | 52.6x | 21.0x | - |
| P / B | 6.0x | - | 4.9x | 3.8x | 4.0x | - | 4.3x | 4.0x | 4.6x | - |
| P / S | 8.9x | - | 7.0x | 5.2x | 5.3x | - | 5.3x | 4.3x | 5.0x | - |
| EV / EBITDA | 58.5x | - | - | - | 29.7x | - | - | - | 33.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.7% | - | -1.6% | -1.7% | -2.7% | - | 0.3% | 1.8% | -0.6% | - |
| Revenue CAGR (3y) | -0.2% | - | 4.3% | 9.5% | 8.6% | - | 12.3% | 12.9% | 11.3% | - |
| Revenue CAGR (5y) | 6.6% | - | 10.2% | 17.5% | 10.3% | - | 8.0% | 7.2% | 7.0% | - |
| Gross profit growth (YoY) | 4.1% | - | -1.9% | 4.0% | 5.6% | - | 4.8% | 2.1% | 0.6% | - |
| Operating income growth (YoY) | -16.3% | - | -18.9% | 17.3% | 22.9% | - | 10.5% | 4.8% | -10.0% | - |
| Net income growth (YoY) | -20.6% | - | -33.7% | 22.6% | -58.7% | - | 23.3% | 0.8% | 152.3% | - |
| EPS growth (YoY) | -21.0% | - | -34.1% | 22.2% | -57.5% | - | 27.7% | 4.2% | 152.8% | - |
| EPS CAGR (3y) | -5.3% | - | 11.0% | 9.2% | 26.8% | - | 16.7% | 8.7% | 51.1% | - |
| EPS CAGR (5y) | 3.0% | - | 2.8% | 28.2% | 11.8% | - | 8.1% | 4.3% | 27.3% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -64.6% | - |
| FCF CAGR (5y) | -13.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 13.1% | 20.2% | 17.0% | 23.4% | 20.5% | 16.1% | -3.2% | -7.6% | -5.8% | -1.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$67.34B totalTotal Segment$33.67B · 50.0%
Distribution$12.39B · 18.4%
Components$8.64B · 12.8%
Engine$8.10B · 12.0%
Power Systems$4.11B · 6.1%
Accelera$423.00M · 0.6%
Product / service
$40.27B totalOnhighway$7.02B · 17.4%
DBUPower Generation Domain$4.93B · 12.2%
Parts$4.07B · 10.1%
Drivetrain And Braking Systems$3.98B · 9.9%
Emissionsolutions$3.03B · 7.5%
Mediumdutytruckandbus$2.55B · 6.3%
Heavydutytruck$2.54B · 6.3%
PSBUPower Generation$2.23B · 5.5%
Lightdutyautomotive$1.93B · 4.8%
Service$1.80B · 4.5%
Engine Product Line$1.59B · 3.9%
Industrial$1.24B · 3.1%
Engine Components And Software$1.20B · 3.0%
Offhighway$1.08B · 2.7%
Generatortechnologies$647.00M · 1.6%
Eaton Automated Transmission Technologies$423.00M · 1.1%
Geographic
$45.18B totalUS$18.97B · 42.0%
Non Us$9.68B · 21.4%
North America$8.62B · 19.1%
CN$3.30B · 7.3%
IN$1.72B · 3.8%
Europe$1.19B · 2.6%
Asia Pacific$1.15B · 2.5%
Latin America$293.00M · 0.6%
Africa$266.00M · 0.6%
Peer comparison
Same SIC group: Engines & Turbines
Comparing CUMMINS INC against the 5 most active filers in the same SIC group.
Dividends
$8.00/share trailing 12 months · +9.9% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $2.0000 |
| Feb 20, 2026 | $2.0000 |
| Nov 21, 2025 | $2.0000 |
| Aug 22, 2025 | $2.0000 |
| May 23, 2025 | $1.8200 |
| Feb 21, 2025 | $1.8200 |
| Nov 22, 2024 | $1.8200 |
| Aug 23, 2024 | $1.8200 |
| May 23, 2024 | $1.6800 |
| Feb 22, 2024 | $1.6800 |
| Nov 22, 2023 | $1.6800 |
| Aug 24, 2023 | $1.6800 |
| May 18, 2023 | $1.5700 |
| Feb 23, 2023 | $1.5700 |
| Nov 17, 2022 | $1.5700 |
| Aug 18, 2022 | $1.5700 |
| May 19, 2022 | $1.4500 |
| Feb 17, 2022 | $1.4500 |
| Nov 18, 2021 | $1.4500 |
| Aug 19, 2021 | $1.4500 |
| May 20, 2021 | $1.3500 |
| Feb 18, 2021 | $1.3500 |
| Nov 19, 2020 | $1.3500 |
| Aug 20, 2020 | $1.3110 |