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May 5, 2026·SEC
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Cummins Inc.(CMI)Earnings, Financials & Key Ratios
CMI•NYSE
35.0× P/E·Price updated Jun 19, 2026
AboutCummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.Show more
- Revenue$33.67B-1.3%
- EBITDA$4.97B+3.2%
- Net Income$2.84B-28.0%
- EPS (Diluted)20.50-27.7%
- Gross Margin25.29%+2.2%
- EBITDA Margin14.76%+4.5%
- Operating Margin11.48%+4.4%
- Net Margin8.44%-27.0%
- ROE23.01%-38.2%
CMI Key Insights
Cummins Inc. (CMI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 22.5%
- ✓Strong Piotroski F-Score: 7/9
- ✓20 consecutive years of dividend growth
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 11.2%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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CMI Price & Volume
Cummins Inc. (CMI) stock price & volume — 10-year historical chart
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CMI Growth Metrics
Cummins Inc. (CMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.83%
5 Years11.19%
3 Years6.25%
TTM0.06%
Profit CAGR
10 Years7.35%
5 Years9.71%
3 Years9.74%
TTM-3.74%
EPS CAGR
10 Years10.09%
5 Years11.29%
3 Years10.68%
TTM-4.23%
Return on Capital
10 Years17.4%
5 Years15.71%
3 Years15.2%
Last Year17.3%
CMI Recent Earnings
Cummins Inc. (CMI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$6.15+9.2%
$5.63
Rev
$8.4B+0.4%
$8.4B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$5.81+13.9%
$5.10
Rev
$8.5B+5.3%
$8.1B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$5.59+15.7%
$4.83
Rev
$8.3B+4.1%
$8.0B
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$6.43+22.9%
$5.23
Rev
$8.6B+2.5%
$8.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $6.15vs $5.63+9.2% | $8.4Bvs $8.4B+0.4% |
| Q1 2026 | Feb 5, 2026 | $5.81vs $5.10+13.9% | $8.5Bvs $8.1B+5.3% |
| Q4 2025 | Nov 6, 2025 | $5.59vs $4.83+15.7% | $8.3Bvs $8.0B+4.1% |
| Q3 2025 | Aug 5, 2025 | $6.43vs $5.23+22.9% | $8.6Bvs $8.4B+2.5% |
Based on last 12 quarters of dataView full earnings history →
CMI Peer Comparison
Cummins Inc. (CMI) competitors in Engines and power generation equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PCAR | 62.6B | 118.95 | 26.37 | -15.5% | 9.09% | 17.2% | ||
 CAT | 458.69B | 985.82 | 52.35 | 4.29% | 13.31% | 47.51% | 2.03 | |
 DE | 159.06B | 589.24 | 31.85 | -11.59% | 10.21% | 18.21% | 2.46 | |
 AGCO | 8.23B | 113.66 | 11.66 | -13.55% | 7.43% | 16.73% | 0.59 | |
 CNH | 12.98B | 10.46 | 25.51 | -8.76% | 2.13% | 4.92% | 3.45 | |
 ALSN | 9.9B | 119.10 | 16.25 | -6.67% | 14.88% | 29.49% | 1.56 | |
 BWA | 14.8B | 71.84 | 56.13 | 1.65% | 2.53% | 6.17% | 0.74 | |
 DNOW | 1.59B | 13.50 | -18 | 18.84% | -4.55% | -9.21% | 0.30 |
Compare CMI vs Peers
Cummins Inc. (CMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CMI Income Statement
Cummins Inc. (CMI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 20.43B | 23.77B | 23.57B | 19.81B | 24.02B | 28.07B | 34.06B | 34.1B | 33.67B | 33.89B |
Revenue Growth % | 16.67% | 16.36% | -0.84% | -15.95% | 21.25% | 16.87% | 21.34% | 0.11% | -1.27% | 0.06% |
Cost of Goods Sold | 15.33B | 18.03B | 17.59B | 14.92B | 18.33B | 21.36B | 25.82B | 25.66B | 25.15B | 25.29B |
COGS % of Revenue | 75.03% | 75.87% | 74.63% | 75.3% | 76.29% | 76.07% | 75.78% | 75.25% | 74.71% | - |
Gross Profit | 5.1B▲ 0% | 5.74B▲ 12.5% | 5.98B▲ 4.2% | 4.89B▼ 18.2% | 5.7B▲ 16.4% | 6.72B▲ 18.0% | 8.25B▲ 22.8% | 8.44B▲ 2.3% | 8.52B▲ 0.9% | 8.6B▲ 0% |
Gross Margin % | 24.97% | 24.13% | 25.37% | 24.7% | 23.71% | 23.93% | 24.22% | 24.75% | 25.29% | 25.39% |
Gross Profit Growth % | 14.4% | 12.49% | 4.24% | -18.16% | 16.37% | 17.98% | 22.77% | 2.3% | 0.91% | - |
Operating Expenses | 2.77B | 2.95B | 3.28B | 2.63B | 2.99B | 3.79B | 6.49B | 4.69B | 4.65B | 4.79B |
OpEx % of Revenue | 13.54% | 12.41% | 13.92% | 13.25% | 12.44% | 13.5% | 19.05% | 13.75% | 13.81% | - |
Selling, General & Admin | 2.43B | 2.44B | 2.45B | 2.13B | 2.37B | 2.69B | 3.33B | 3.27B | 3.13B | 3.2B |
SG&A % of Revenue | 11.89% | 10.25% | 10.41% | 10.73% | 9.88% | 9.57% | 9.78% | 9.6% | 9.28% | - |
Research & Development | 752M | 902M | 1B | 906M | 1.09B | 1.28B | 1.5B | 1.46B | 1.4B | 1.41B |
R&D % of Revenue | 3.68% | 3.79% | 4.25% | 4.57% | 4.54% | 4.55% | 4.4% | 4.29% | 4.15% | - |
Other Operating Expenses | -417M | -388M | -175M | -406M | -475M | -175M | 1.66B | -49M | 130M | 1000K |
Operating Income | 2.33B▲ 0% | 2.79B▲ 19.4% | 2.7B▼ 3.1% | 2.27B▼ 16.0% | 2.71B▲ 19.3% | 2.93B▲ 8.2% | 1.76B▼ 39.9% | 3.75B▲ 112.9% | 3.87B▲ 3.1% | 3.81B▲ 0% |
Operating Margin % | 11.43% | 11.72% | 11.45% | 11.45% | 11.27% | 10.43% | 5.17% | 11% | 11.48% | 11.24% |
Operating Income Growth % | 24.15% | 19.37% | -3.09% | -15.96% | 19.26% | 8.24% | -39.88% | 112.95% | 3.07% | - |
EBITDA | 2.92B | 3.4B | 3.37B | 2.94B | 3.37B | 3.71B | 2.79B | 4.82B | 4.97B | 4.57B |
EBITDA Margin % | 14.28% | 14.29% | 14.31% | 14.85% | 14.02% | 13.23% | 8.18% | 14.12% | 14.76% | 13.49% |
EBITDA Growth % | 21.04% | 16.46% | -0.74% | -12.75% | 14.48% | 10.24% | -24.99% | 72.89% | 3.22% | -9.09% |
D&A (Non-Cash Add-back) | 583M | 611M | 672M | 673M | 662M | 784M | 1.02B | 1.06B | 1.1B | 824M |
EBIT | 2.45B | 2.87B | 2.94B | 2.44B | 2.86B | 3.02B | 2B | 5.27B | 4.29B | 3.99B |
Net Interest Income | -14M | -56M | -50M | -5M | -29M | -74M | -136M | -184M | -118M | -247M |
Interest Income | 67M | 58M | 59M | 95M | 82M | 125M | 239M | 186M | 211M | 81M |
Interest Expense | 81M | 114M | 109M | 100M | 111M | 199M | 375M | 370M | 329M | 328M |
Other Income/Expense | 31M | -33M | 134M | 69M | 45M | -110M | -135M | 1.15B | 98M | -30M |
Pretax Income | 2.37B▲ 0% | 2.75B▲ 16.4% | 2.83B▲ 2.9% | 2.34B▼ 17.5% | 2.75B▲ 17.7% | 2.82B▲ 2.5% | 1.63B▼ 42.3% | 4.9B▲ 201.5% | 3.96B▼ 19.2% | 3.78B▲ 0% |
Pretax Margin % | 11.58% | 11.58% | 12.02% | 11.8% | 11.45% | 10.04% | 4.77% | 14.38% | 11.77% | 11.15% |
Income Tax | 1.37B | 566M | 566M | 527M | 587M | 636M | 786M | 835M | 1.01B | 993M |
Effective Tax Rate % | 57.97% | 20.56% | 19.97% | 22.54% | 21.34% | 22.56% | 48.34% | 17.03% | 25.38% | 26.27% |
Net Income | 999M▲ 0% | 2.14B▲ 114.3% | 2.26B▲ 5.6% | 1.79B▼ 20.8% | 2.13B▲ 19.1% | 2.15B▲ 0.9% | 735M▼ 65.8% | 3.95B▲ 436.9% | 2.84B▼ 28.0% | 2.67B▲ 0% |
Net Margin % | 4.89% | 9.01% | 9.59% | 9.03% | 8.87% | 7.66% | 2.16% | 11.57% | 8.44% | 7.89% |
Net Income Growth % | -28.34% | 114.31% | 5.56% | -20.84% | 19.12% | 0.94% | -65.83% | 436.87% | -27.95% | -3.74% |
Net Income (Continuing) | 994M | 2.19B | 2.27B | 1.81B | 2.16B | 2.18B | 840M | 4.07B | 2.96B | 2.79B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 905M | 911M | 958M | 927M | 927M | 1.25B | 1.05B | 1.04B | 1.06B | 1.02B |
EPS (Diluted) | 5.97▲ 0% | 13.15▲ 120.3% | 14.48▲ 10.1% | 12.01▼ 17.1% | 14.61▲ 21.6% | 15.12▲ 3.5% | 5.15▼ 65.9% | 28.37▲ 450.9% | 20.50▼ 27.7% | 19.26▲ 0% |
EPS Growth % | -27.46% | 120.27% | 10.11% | -17.06% | 21.65% | 3.49% | -65.94% | 450.87% | -27.74% | -4.23% |
EPS (Basic) | 6.00 | 13.20 | 14.54 | 12.07 | 14.74 | 15.20 | 5.19 | 28.55 | 20.62 | - |
Diluted Shares Outstanding | 167.3M | 162.8M | 156.1M | 149M | 145.9M | 142.3M | 142.7M | 139.1M | 138.7M | 138.8M |
Basic Shares Outstanding | 166.6M | 162.2M | 155.4M | 148.2M | 144.6M | 141.5M | 141.7M | 138.2M | 137.9M | 138.3M |
Dividend Payout Ratio | 70.17% | 33.54% | 33.67% | 43.71% | 37.96% | 39.75% | 125.31% | 24.56% | 37.11% | - |
CMI Balance Sheet
Cummins Inc. (CMI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 8.93B | 9.82B | 9.39B | 11.9B | 12.31B | 14.45B | 15.2B | 14.75B | 16.93B | 17.38B |
Cash & Short-Term Investments | 1.57B | 1.52B | 1.47B | 3.86B | 3.19B | 2.57B | 2.74B | 2.26B | 3.61B | 3.18B |
Cash Only | 1.37B | 1.3B | 1.13B | 3.4B | 2.59B | 2.1B | 2.18B | 1.67B | 2.85B | 2.61B |
Short-Term Investments | 198M | 222M | 341M | 461M | 595M | 472M | 562M | 593M | 764M | 568M |
Accounts Receivable | 3.62B | 3.87B | 3.67B | 3.82B | 3.99B | 5.2B | 5.58B | 5.18B | 5.82B | 6.53B |
Days Sales Outstanding | 64.65 | 59.36 | 56.83 | 70.38 | 60.63 | 67.63 | 59.82 | 55.45 | 63.07 | 64.24 |
Inventory | 3.17B | 3.76B | 3.49B | 3.42B | 4.36B | 5.6B | 5.68B | 5.74B | 5.82B | 6.13B |
Days Inventory Outstanding | 75.39 | 76.08 | 72.33 | 83.81 | 86.74 | 95.77 | 80.26 | 81.67 | 84.48 | 88.37 |
Other Current Assets | 152M | 117M | 0 | 172M | 120M | 128M | 1.2B | 1.56B | 1.68B | 1.54B |
Total Non-Current Assets | 9.15B | 9.24B | 10.35B | 10.73B | 11.4B | 15.85B | 16.81B | 16.79B | 17.07B | 17.07B |
Property, Plant & Equipment | 3.93B | 4.1B | 4.74B | 4.25B | 4.42B | 5.52B | 6.75B | 6.89B | 7.5B | 7.45B |
Fixed Asset Turnover | 5.20x | 5.80x | 4.97x | 4.66x | 5.43x | 5.08x | 5.05x | 4.95x | 4.49x | 4.63x |
Goodwill | 1.08B | 1.13B | 1.29B | 1.29B | 1.29B | 2.34B | 2.5B | 2.37B | 2.22B | 2.22B |
Intangible Assets | 973M | 909M | 1B | 963M | 900M | 2.69B | 2.52B | 2.35B | 2.17B | 2.19B |
Long-Term Investments | 1.16B | 1.22B | 1.24B | 1.44B | 1.54B | 1.76B | 1.8B | 1.89B | 2.13B | 8.34B |
Other Non-Current Assets | 966M | 962M | 1.64B | 2.3B | 2.83B | 2.91B | 2.16B | 2.17B | 1.99B | 1.9B |
Total Assets | 18.07B▲ 0% | 19.06B▲ 5.5% | 19.74B▲ 3.5% | 22.62B▲ 14.6% | 23.71B▲ 4.8% | 30.3B▲ 27.8% | 32.01B▲ 5.6% | 31.54B▼ 1.5% | 33.99B▲ 7.8% | 34.45B▲ 0% |
Asset Turnover | 1.13x | 1.25x | 1.19x | 0.88x | 1.01x | 0.93x | 1.06x | 1.08x | 0.99x | 0.99x |
Asset Growth % | 20.41% | 5.46% | 3.54% | 14.63% | 4.8% | 27.79% | 5.63% | -1.45% | 7.77% | 27.99% |
Total Current Liabilities | 5.68B | 6.38B | 6.26B | 6.33B | 7.08B | 11.42B | 12.9B | 11.23B | 9.61B | 10.17B |
Accounts Payable | 2.58B | 2.82B | 2.53B | 2.82B | 3.02B | 4.25B | 4.26B | 3.95B | 3.8B | 4.43B |
Days Payables Outstanding | 61.41 | 57.12 | 52.58 | 69 | 60.17 | 72.68 | 60.23 | 56.19 | 55.14 | 58.46 |
Short-Term Debt | 418M | 879M | 791M | 554M | 580M | 3.36B | 1.89B | 2.27B | 760M | 957M |
Deferred Revenue (Current) | 500M | 498M | 533M | 691M | 855M | 1B | 1.22B | 1.35B | 1.61B | 6.42B |
Other Current Liabilities | 1.29B | 1.41B | 560M | 1.58B | 1.71B | 1.89B | 1.11B | 1.08B | 825M | 597M |
Current Ratio | 1.57x | 1.54x | 1.50x | 1.88x | 1.74x | 1.27x | 1.18x | 1.31x | 1.76x | 1.71x |
Quick Ratio | 1.01x | 0.95x | 0.94x | 1.34x | 1.12x | 0.77x | 0.74x | 0.80x | 1.16x | 1.11x |
Cash Conversion Cycle | 78.62 | 78.33 | 76.58 | 85.18 | 87.2 | 90.72 | 79.86 | 80.93 | 92.41 | 94.14 |
Total Non-Current Liabilities | 4.23B | 4.42B | 5.01B | 7.3B | 7.22B | 8.65B | 9.2B | 9B | 10.97B | 10.91B |
Long-Term Debt | 1.59B | 1.6B | 1.58B | 3.53B | 3.58B | 4.5B | 4.8B | 4.78B | 6.79B | 6.73B |
Capital Lease Obligations | 121M | 102M | 370M | 404M | 326M | 368M | 374M | 409M | 424M | 1.7B |
Deferred Tax Liabilities | 391M | 263M | 306M | 325M | 403M | 649M | 530M | 389M | 388M | 1.55B |
Other Non-Current Liabilities | 1.53B | 1.8B | 1.94B | 2.2B | 2.07B | 2.29B | 2.53B | 2.35B | 2.32B | 2.33B |
Total Liabilities | 9.91B | 10.8B | 11.27B | 13.63B | 14.31B | 20.07B | 22.1B | 20.23B | 20.58B | 21.07B |
Total Debt | 2.01B | 2.48B | 2.87B | 4.62B | 4.61B | 8.36B | 7.21B | 7.6B | 8.11B | 8.24B |
Net Debt | 637M | 1.17B | 1.74B | 1.22B | 2.02B | 6.25B | 5.03B | 5.93B | 5.27B | 5.63B |
Debt / Equity | 0.25x | 0.30x | 0.34x | 0.51x | 0.49x | 0.82x | 0.73x | 0.67x | 0.61x | 0.62x |
Debt / EBITDA | 0.69x | 0.73x | 0.85x | 1.57x | 1.37x | 2.25x | 2.59x | 1.58x | 1.63x | 1.80x |
Net Debt / EBITDA | 0.22x | 0.35x | 0.52x | 0.41x | 0.60x | 1.68x | 1.81x | 1.23x | 1.06x | 1.23x |
Interest Coverage | 30.20x | 25.15x | 27.00x | 24.38x | 25.78x | 15.17x | 5.34x | 14.25x | 13.05x | 12.15x |
Total Equity | 8.16B▲ 0% | 8.26B▲ 1.2% | 8.46B▲ 2.5% | 8.99B▲ 6.2% | 9.4B▲ 4.6% | 10.22B▲ 8.8% | 9.9B▼ 3.1% | 11.31B▲ 14.2% | 13.41B▲ 18.6% | 13.37B▲ 0% |
Equity Growth % | 13.8% | 1.16% | 2.49% | 6.19% | 4.58% | 8.77% | -3.14% | 14.18% | 18.57% | 67.49% |
Book Value per Share | 48.80 | 50.73 | 54.23 | 60.33 | 64.43 | 71.86 | 69.40 | 81.29 | 96.67 | 96.34 |
Total Shareholders' Equity | 7.26B | 7.35B | 7.51B | 8.06B | 8.47B | 8.97B | 8.85B | 10.27B | 12.35B | 12.35B |
Common Stock | 2.21B | 2.27B | 2.35B | 2.4B | 2.43B | 2.24B | 556M | 556M | 556M | 2.6B |
Retained Earnings | 11.46B | 12.92B | 14.42B | 15.42B | 16.74B | 18.04B | 17.85B | 20.83B | 22.62B | 22.99B |
Treasury Stock | -4.91B | -6.03B | -7.22B | -7.78B | -9.12B | -9.41B | -9.36B | -10.75B | -10.66B | -10.87B |
Accumulated OCI | -1.5B | -1.81B | -2.03B | -1.98B | -1.57B | -1.89B | -2.21B | -2.44B | -2.28B | -2.38B |
Minority Interest | 905M | 911M | 958M | 927M | 927M | 1.25B | 1.05B | 1.04B | 1.06B | 1.02B |
CMI Cash Flow Statement
Cummins Inc. (CMI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.28B | 2.38B | 3.18B | 2.72B | 2.26B | 1.96B | 3.97B | 1.49B | 3.62B | 3.93B |
Operating CF Margin % | 11.15% | 10% | 13.5% | 13.74% | 9.39% | 6.99% | 11.64% | 4.36% | 10.75% | - |
Operating CF Growth % | 17.67% | 4.44% | 33.77% | -14.43% | -17.12% | -13.03% | 102.14% | -62.51% | 143.51% | 10704.03% |
Net Income | 994M | 2.19B | 2.27B | 1.81B | 2.16B | 2.18B | 735M | 4.07B | 2.84B | 2.67B |
Depreciation & Amortization | 583M | 611M | 672M | 673M | 662M | 784M | 1.02B | 1.06B | 1.1B | 1.12B |
Stock-Based Compensation | 41M | 53M | 49M | 31M | 37M | 33M | 0 | 0 | 0 | 0 |
Deferred Taxes | 766M | -82M | -4M | 7M | 7M | -274M | -457M | -209M | 86M | 99M |
Other Non-Cash Items | -438M | 19M | -13M | -354M | -249M | 242M | -102M | -1.27B | 83M | -490M |
Working Capital Changes | 331M | -410M | 209M | 554M | -359M | -1.01B | 2.77B | -2.17B | -496M | 469M |
Change in Receivables | -142M | -92M | -12M | 31M | -174M | -697M | -330M | 298M | -612M | -155M |
Change in Inventory | -407M | -695M | 291M | 46M | -945M | -567M | 0 | -402M | -39M | -41M |
Change in Payables | 639M | 302M | -310M | 288M | 217M | 538M | -66M | -183M | -148M | 151M |
Cash from Investing | -1.05B | -974M | -1.15B | -719M | -873M | -4.17B | -1.64B | -1.78B | -1.84B | -1.6B |
Capital Expenditures | -587M | -784M | -775M | -575M | -786M | -916M | -1.21B | -1.21B | -1.24B | -1.26B |
CapEx % of Revenue | 2.87% | 3.3% | 3.29% | 2.9% | 3.27% | 3.26% | 3.56% | 3.54% | 3.67% | 3.72% |
Acquisitions | -728M | -107M | -257M | -51M | -48M | -3.19B | -292M | -58M | -122M | -110M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 191M | -46M | -12M | 31M | 94M | -143M | -63M | 984M | -111M | -123M |
Cash from Financing | -1.07B | -1.4B | -2.1B | 280M | -2.23B | 1.67B | -2.18B | -173M | -662M | -1.27B |
Debt Issued (Net) | 38M | 457M | -152M | 1.61B | -32M | 2.81B | -1.05B | 915M | 454M | 65M |
Equity Issued (Net) | -451M | -1.14B | -1.2B | -641M | -1.35B | -374M | 0 | 0 | 0 | 0 |
Dividends Paid | -701M | -718M | -761M | -782M | -809M | -855M | -921M | -969M | -1.05B | -1.08B |
Share Repurchases | -451M | -1.14B | -1.27B | -641M | -1.4B | -374M | 0 | 0 | 0 | -243M |
Other Financing | 40M | 1M | 13M | 89M | -40M | 84M | -202M | -119M | -61M | -256M |
Net Change in Cash | 249M▲ 0% | -66M▼ 126.5% | -174M▼ 163.6% | 2.27B▲ 1405.7% | -809M▼ 135.6% | -491M▲ 39.3% | 78M▲ 115.9% | -508M▼ 751.3% | 1.17B▲ 331.1% | 1.08B▲ 0% |
Free Cash Flow | 1.69B▲ 0% | 1.59B▼ 5.7% | 2.41B▲ 50.9% | 2.15B▼ 10.8% | 1.47B▼ 31.5% | 1.05B▼ 28.8% | 2.75B▲ 163.2% | 279M▼ 89.9% | 2.39B▲ 755.2% | 2.67B▲ 0% |
FCF Margin % | 8.27% | 6.71% | 10.21% | 10.84% | 6.12% | 3.73% | 8.08% | 0.82% | 7.09% | 7.88% |
FCF Growth % | 26.03% | -5.68% | 50.94% | -10.76% | -31.53% | -28.84% | 163.19% | -89.87% | 755.2% | 38057.14% |
FCF per Share | 10.10 | 9.79 | 15.41 | 14.41 | 10.08 | 7.35 | 19.29 | 2.01 | 17.20 | 19.24 |
FCF Conversion (FCF/Net Income) | 2.28x | 1.11x | 1.41x | 1.52x | 1.06x | 0.91x | 5.40x | 0.38x | 1.27x | 1.00x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CMI Key Ratios
Cummins Inc. (CMI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 13.03% | 26.07% | 27.03% | 20.5% | 23.18% | 21.92% | 7.3% | 37.21% | 23.01% | 20.27% |
Return on Invested Capital (ROIC) | 20.99% | 22.92% | 20.63% | 16.68% | 18.77% | 15.75% | 8.41% | 17.49% | 16.14% | 15.11% |
Gross Margin | 24.97% | 24.13% | 25.37% | 24.7% | 23.71% | 23.93% | 24.22% | 24.75% | 25.29% | 25.39% |
Net Margin | 4.89% | 9.01% | 9.59% | 9.03% | 8.87% | 7.66% | 2.16% | 11.57% | 8.44% | 7.89% |
Debt / Equity | 0.25x | 0.30x | 0.34x | 0.51x | 0.49x | 0.82x | 0.73x | 0.67x | 0.61x | 0.62x |
Interest Coverage | 30.20x | 25.15x | 27.00x | 24.38x | 25.78x | 15.17x | 5.34x | 14.25x | 13.05x | 12.15x |
FCF Conversion | 2.28x | 1.11x | 1.41x | 1.52x | 1.06x | 0.91x | 5.40x | 0.38x | 1.27x | 1.00x |
Revenue Growth | 16.67% | 16.36% | -0.84% | -15.95% | 21.25% | 16.87% | 21.34% | 0.11% | -1.27% | 0.06% |
Related:CMI Dividend History·CMI Revenue History·CMI Price History·CMI P/E History·CMI Financial Ratios·CMI Institutional Holders
CMI SEC Filings & Documents
Cummins Inc. (CMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
CMI Frequently Asked Questions
Cummins Inc. (CMI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Cummins Inc. (CMI) reported $33.89B in revenue for fiscal year 2025. This represents a 545% increase from $5.26B in 1996.
Cummins Inc. (CMI) saw revenue decline by 1.3% over the past year.
Yes, Cummins Inc. (CMI) is profitable, generating $2.67B in net income for fiscal year 2025 (8.4% net margin).
Dividend & Returns
Yes, Cummins Inc. (CMI) pays a dividend with a yield of 1.06%. This makes it attractive for income-focused investors.
Cummins Inc. (CMI) has a return on equity (ROE) of 23.0%. This is excellent, indicating efficient use of shareholder capital.
Cummins Inc. (CMI) generated $2.67B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.