Cummins Inc. (CMI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 17.38B | 16.93B | 16.72B | 16.93B | 15.54B | 14.75B | 15.32B | 14.96B | 15.62B | 15.2B | 15.91B | 15.41B | 15.37B | 14.45B | 14.4B | 12.76B | 12.6B | 12.31B | 12.32B | 11.93B |
| Cash & Short-Term Investments | 3.18B | 3.61B | 3.16B | 3.07B | 2.16B | 2.26B | 2.25B | 2.18B | 3.05B | 2.74B | 2.84B | 2.31B | 2.44B | 2.57B | 2.96B | 3B | 2.8B | 3.19B | 3.02B | 2.92B |
| Cash Only | 2.61B | 2.85B | 2.57B | 2.32B | 1.53B | 1.67B | 1.73B | 1.59B | 2.54B | 2.18B | 2.39B | 1.8B | 1.98B | 2.1B | 2.5B | 2.46B | 2.28B | 2.59B | 2.59B | 2.48B |
| Short-Term Investments | 568M | 764M | 593M | 755M | 626M | 593M | 518M | 593M | 510M | 562M | 452M | 512M | 459M | 472M | 466M | 536M | 527M | 595M | 430M | 438M |
| Accounts Receivable | 6.53B | 5.82B | 5.64B | 5.87B | 5.68B | 5.18B | 5.39B | 5.61B | 5.46B | 5.58B | 5.66B | 5.86B | 5.83B | 5.2B | 4.8B | 4.16B | 4.37B | 3.99B | 4.15B | 4.13B |
| Days Sales Outstanding | 66.16 | 61.75 | 63.68 | 60.82 | 59.79 | 57.55 | 59.8 | 57.26 | 59.81 | 60.55 | 62.88 | 61.61 | 58.75 | 59.21 | 56.17 | 58.89 | 58.91 | 61.93 | 63.16 | 62.1 |
| Inventory | 6.13B | 5.82B | 6.26B | 6.29B | 6.12B | 5.74B | 6.13B | 5.86B | 5.76B | 5.68B | 5.91B | 6.03B | 5.88B | 5.6B | 5.54B | 4.76B | 4.59B | 4.36B | 4.32B | 4.08B |
| Days Inventory Outstanding | 87.35 | 84.37 | 93.24 | 88.75 | 88.71 | 85.19 | 87.76 | 80.04 | 81.78 | 81.45 | 86.3 | 83.46 | 80.42 | 86.16 | 83.32 | 87.55 | 82.91 | 85.18 | 83.91 | 76.89 |
| Other Current Assets | 1.54B | 1.68B | 1.67B | 1.7B | 1.58B | 1.56B | 1.54B | 1.32B | 1.35B | 1.2B | 272M | 1.21B | 1.22B | 128M | 0 | 0 | 0 | 120M | 0 | 0 |
| Total Non-Current Assets | 17.07B | 17.07B | 16.92B | 17.33B | 16.99B | 16.79B | 16.74B | 16.36B | 16.21B | 16.81B | 16.18B | 16.32B | 16.07B | 15.85B | 15.37B | 11.71B | 11.53B | 11.4B | 10.74B | 10.68B |
| Property, Plant & Equipment | 7.45B | 7.5B | 7.21B | 7.09B | 6.41B | 6.89B | 6.69B | 6.51B | 6.47B | 6.75B | 5.8B | 5.72B | 6.08B | 5.52B | 5.2B | 4.39B | 4.82B | 4.42B | 4.64B | 4.63B |
| Fixed Asset Turnover | 1.12x | 1.16x | 1.16x | 1.28x | 1.23x | 1.24x | 1.28x | 1.36x | 1.27x | 1.36x | 1.46x | 1.46x | 1.46x | 1.45x | 1.53x | 1.43x | 1.38x | 1.29x | 1.29x | 1.32x |
| Goodwill | 2.22B | 2.22B | 2.22B | 2.43B | 2.4B | 2.37B | 2.41B | 2.39B | 2.41B | 2.5B | 2.38B | 2.4B | 2.37B | 2.34B | 2.23B | 1.39B | 1.29B | 1.29B | 1.29B | 1.29B |
| Intangible Assets | 2.19B | 2.17B | 2.35B | 2.4B | 2.4B | 2.35B | 2.46B | 2.5B | 2.46B | 2.52B | 2.52B | 2.58B | 2.64B | 2.69B | 2.6B | 1.05B | 917M | 900M | 921M | 942M |
| Long-Term Investments | 2.22B | 2.13B | 1.97B | 2.02B | 1.99B | 1.89B | 1.92B | 1.83B | 1.77B | 1.8B | 1.78B | 1.86B | 1.86B | 1.76B | 1.83B | 1.54B | 1.59B | 1.54B | 1.54B | 1.49B |
| Other Non-Current Assets | 1.9B | 1.99B | 2.09B | 2.09B | 3.8B | 2.17B | 2.18B | 2.12B | 2.16B | 2.16B | 2.2B | 2.99B | 2.43B | 2.91B | 3.04B | 2.81B | 2.42B | 2.83B | 1.94B | 1.88B |
| Total Assets | 34.45B | 33.99B | 33.64B | 34.26B | 32.53B | 31.54B | 32.05B | 31.32B | 31.83B | 32.01B | 32.1B | 31.73B | 31.43B | 30.3B | 29.77B | 24.48B | 24.12B | 23.71B | 23.06B | 22.61B |
| Asset Turnover | 0.25x | 0.25x | 0.24x | 0.26x | 0.26x | 0.27x | 0.27x | 0.28x | 0.26x | 0.27x | 0.26x | 0.27x | 0.27x | 0.26x | 0.27x | 0.27x | 0.27x | 0.25x | 0.26x | 0.27x |
| Asset Growth % | 5.88% | 7.77% | 4.95% | 9.38% | 2.21% | -1.45% | -0.14% | -1.31% | 1.25% | 5.63% | 7.82% | 29.65% | 30.31% | 27.79% | 29.08% | 8.27% | 5.05% | 4.8% | 6.93% | 11.29% |
| Total Current Liabilities | 10.17B | 9.61B | 9.45B | 10.31B | 11.57B | 11.23B | 11.6B | 11.14B | 11.69B | 12.9B | 11.13B | 11.04B | 11.92B | 11.42B | 10.53B | 7.67B | 7.51B | 7.08B | 6.86B | 6.6B |
| Accounts Payable | 4.43B | 3.8B | 3.82B | 4.15B | 4.31B | 3.95B | 4.21B | 4.41B | 4.48B | 4.26B | 4.26B | 4.31B | 4.64B | 4.25B | 4B | 3.4B | 3.5B | 3.02B | 3.21B | 3.17B |
| Days Payables Outstanding | 60.19 | 53.22 | 59.25 | 60.52 | 61.77 | 58.51 | 63.02 | 61.2 | 62.48 | 59.92 | 61.98 | 62.7 | 62.26 | 63.79 | 59.85 | 64.62 | 60.44 | 61.17 | 63.76 | 63.35 |
| Short-Term Debt | 957M | 760M | 790M | 1.3B | 2.69B | 2.27B | 2.73B | 2.08B | 1.06B | 1.89B | 2.51B | 2.61B | 3.34B | 3.36B | 2.67B | 935M | 623M | 580M | 340M | 311M |
| Deferred Revenue (Current) | 1.59B | 1.61B | 1.6B | 1.62B | 1.51B | 1.35B | 1.23B | 1.31B | 1.24B | 1.22B | 1.03B | 1.02B | 1.04B | 1B | 921M | 871M | 883M | 855M | 806M | 805M |
| Other Current Liabilities | 597M | 825M | 770M | 657M | 523M | 1.08B | 2.03B | 2.15B | 3.86B | 4.04B | 2.06B | 2.05B | 510M | 1.89B | 2.01B | 1.75B | 1.74B | 1.71B | 1.66B | 1.53B |
| Current Ratio | 1.71x | 1.76x | 1.77x | 1.64x | 1.34x | 1.31x | 1.32x | 1.34x | 1.34x | 1.18x | 1.43x | 1.40x | 1.29x | 1.27x | 1.37x | 1.66x | 1.68x | 1.74x | 1.80x | 1.81x |
| Quick Ratio | 1.11x | 1.16x | 1.11x | 1.03x | 0.81x | 0.80x | 0.79x | 0.82x | 0.84x | 0.74x | 0.90x | 0.85x | 0.80x | 0.77x | 0.84x | 1.04x | 1.07x | 1.12x | 1.17x | 1.19x |
| Cash Conversion Cycle | 93.32 | 92.9 | 97.68 | 89.06 | 86.73 | 84.23 | 84.54 | 76.1 | 79.11 | 82.07 | 87.2 | 82.36 | 76.91 | 81.58 | 79.64 | 81.82 | 81.37 | 85.95 | 83.3 | 75.64 |
| Total Non-Current Liabilities | 10.91B | 10.97B | 11.09B | 11.07B | 8.98B | 9B | 9.11B | 9.6B | 10.04B | 9.2B | 9.29B | 9.33B | 8.63B | 8.65B | 9.63B | 7.15B | 7.25B | 7.22B | 7.2B | 7.21B |
| Long-Term Debt | 6.73B | 6.79B | 6.82B | 6.81B | 4.67B | 4.78B | 4.86B | 5.43B | 5.77B | 4.8B | 4.95B | 5.09B | 4.41B | 4.5B | 5.45B | 3.49B | 3.5B | 3.58B | 3.6B | 3.62B |
| Capital Lease Obligations | 418M | 424M | 428M | 433M | 541M | 409M | 393M | 333M | 332M | 374M | 373M | 386M | 364M | 368M | 347M | 315M | 326M | 326M | 327M | 332M |
| Deferred Tax Liabilities | 381M | 388M | 379M | 405M | 395M | 389M | 386M | 351M | 355M | 530M | 607M | 615M | 662M | 649M | 570M | 395M | 385M | 403M | 327M | 321M |
| Other Non-Current Liabilities | 2.33B | 2.32B | 2.34B | 2.37B | 2.33B | 2.35B | 2.38B | 2.44B | 2.52B | 2.53B | 2.35B | 2.31B | 2.26B | 2.29B | 2.4B | 2.1B | 2.16B | 2.07B | 2.11B | 2.11B |
| Total Liabilities | 21.07B | 20.58B | 20.54B | 21.39B | 20.56B | 20.23B | 20.71B | 20.74B | 21.73B | 22.1B | 20.42B | 20.38B | 20.55B | 20.07B | 20.16B | 14.82B | 14.76B | 14.31B | 14.06B | 13.81B |
| Total Debt | 8.24B | 8.11B | 8.18B | 8.68B | 8.04B | 7.6B | 8.11B | 7.97B | 7.3B | 7.21B | 7.97B | 8.22B | 8.25B | 8.36B | 8.59B | 4.86B | 4.58B | 4.61B | 4.4B | 4.39B |
| Net Debt | 5.63B | 5.27B | 5.62B | 6.37B | 6.5B | 5.93B | 6.38B | 6.38B | 4.75B | 5.03B | 5.58B | 6.42B | 6.27B | 6.25B | 6.09B | 2.4B | 2.3B | 2.02B | 1.81B | 1.91B |
| Debt / Equity | 0.62x | 0.61x | 0.62x | 0.67x | 0.67x | 0.67x | 0.72x | 0.75x | 0.72x | 0.73x | 0.68x | 0.72x | 0.76x | 0.82x | 0.89x | 0.50x | 0.49x | 0.49x | 0.49x | 0.50x |
| Debt / EBITDA | 9.28x | 8.94x | 6.43x | 5.77x | 5.73x | 7.58x | 6.16x | 6.09x | 6.14x | - | 6.60x | 6.56x | 6.49x | 8.02x | 10.20x | 4.57x | 5.98x | 6.99x | 5.32x | 4.87x |
| Net Debt / EBITDA | 6.34x | 5.80x | 4.42x | 4.23x | 4.64x | 5.91x | 4.85x | 4.88x | 4.00x | - | 4.63x | 5.12x | 4.93x | 6.00x | 7.23x | 2.25x | 3.01x | 3.06x | 2.19x | 2.12x |
| Interest Coverage | 11.68x | 10.65x | 11.00x | 15.08x | 15.51x | 8.44x | 13.57x | 9.96x | 25.96x | -12.37x | 10.05x | 10.59x | 12.83x | 9.94x | 10.97x | 26.15x | 35.00x | 20.77x | 25.11x | 27.86x |
| Total Equity | 13.37B | 13.41B | 13.1B | 12.87B | 11.97B | 11.31B | 11.34B | 10.58B | 10.1B | 9.9B | 11.68B | 11.36B | 10.88B | 10.22B | 9.61B | 9.65B | 9.36B | 9.4B | 9B | 8.79B |
| Equity Growth % | 11.7% | 18.57% | 15.49% | 21.72% | 18.51% | 14.18% | -2.89% | -6.87% | -7.17% | -3.14% | 21.52% | 17.62% | 16.21% | 8.77% | 6.74% | 9.8% | 3.68% | 4.58% | 4.19% | 8.15% |
| Book Value per Share | 96.34 | 96.46 | 94.50 | 93.01 | 86.56 | 81.71 | 82.12 | 76.69 | 71.08 | 69.80 | 81.78 | 79.69 | 76.41 | 71.86 | 67.68 | 67.99 | 65.43 | 65.97 | 62.22 | 60.02 |
| Total Shareholders' Equity | 12.35B | 12.35B | 12.06B | 11.79B | 10.92B | 10.27B | 10.31B | 9.55B | 9.07B | 8.85B | 10.66B | 10.34B | 9.62B | 8.97B | 8.38B | 8.74B | 8.44B | 8.47B | 8.08B | 7.87B |
| Common Stock | 2.6B | 556M | 556M | 556M | 556M | 556M | 556M | 2.58B | 556M | 556M | 2.56B | 2.53B | 556M | 2.24B | 2.21B | 2.42B | 2.41B | 2.43B | 2.41B | 2.4B |
| Retained Earnings | 22.99B | 22.62B | 22.3B | 22.04B | 21.4B | 20.83B | 20.66B | 20.1B | 19.61B | 17.85B | 19.52B | 19.1B | 18.61B | 18.04B | 17.63B | 17.45B | 16.95B | 16.74B | 16.55B | 16.23B |
| Treasury Stock | -10.87B | -10.66B | -10.68B | -10.71B | -10.71B | -10.75B | -10.78B | -10.8B | -10.83B | -9.36B | -9.37B | -9.38B | -9.39B | -9.41B | -9.45B | -9.44B | -9.41B | -9.12B | -8.97B | -8.84B |
| Accumulated OCI | -2.38B | -2.28B | -2.21B | -2.17B | -2.37B | -2.44B | -2.17B | -2.33B | -2.26B | -2.21B | -2.05B | -1.92B | -1.82B | -1.89B | -2.01B | -1.7B | -1.51B | -1.57B | -1.91B | -1.93B |
| Minority Interest | 1.02B | 1.06B | 1.03B | 1.08B | 1.05B | 1.04B | 1.03B | 1.02B | 1.03B | 1.05B | 1.02B | 1.02B | 1.26B | 1.25B | 1.23B | 917M | 927M | 927M | 921M | 927M |