CUMMINS INC
CUMMINS INC
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,614 | 2,845 | 2,566 | 2,319 | 1,532 | 1,671 | 1,733 | 1,590 | 2,541 | 2,179 | 2,387 | 1,802 | |||||
Restricted Cash | - | - | - | - | - | - | - | - | - | - | 225 | - | |||||
Marketable Securities Current | 568 | 764 | 593 | 755 | 626 | 593 | 518 | 593 | 510 | 562 | 452 | 512 | |||||
Cash Cash Equivalents And Short Term Investments | 3,182 | 3,609 | 3,159 | 3,074 | 2,158 | 2,264 | 2,251 | 2,183 | 3,051 | 2,741 | 3,064 | 2,314 | |||||
Accounts Notes And Loans … | |||||||||||||||||
Accounts Receivable Net | 6,528 | 5,818 | 5,640 | 5,874 | 5,680 | 5,181 | 5,387 | 5,606 | 5,463 | 5,583 | 5,662 | 5,863 | |||||
Inventory Net | 6,126 | 5,822 | 6,256 | 6,287 | 6,123 | 5,742 | 6,134 | 5,857 | 5,758 | 5,677 | 5,906 | 6,026 | |||||
Prepaid Expense And Other Assets Current | 1,543 | 1,676 | 1,665 | 1,698 | 1,579 | 1,565 | 1,544 | 1,316 | 1,348 | 1,197 | 1,280 | 1,207 | |||||
Assets Current | 17,379 | 16,925 | 16,720 | 16,933 | 15,540 | 14,752 | 15,316 | 14,962 | 15,620 | 15,198 | 15,912 | 15,410 | |||||
Assets Noncurrent | |||||||||||||||||
Property Plant And Equipment Gross | 13,003 | - | 12,545 | 12,341 | 12,007 | - | 11,603 | 11,417 | 11,253 | - | 11,098 | 10,922 | |||||
Accumulated Depreciation Depletion And Amortizatio… | -6,079 | - | -5,887 | -5,801 | -5,600 | - | -5,427 | -5,364 | -5,242 | - | -5,297 | -5,199 | |||||
Property Plant And Equipment Net | 6,924 | 6,958 | 6,658 | 6,540 | 6,407 | 6,356 | 6,176 | 6,053 | 6,011 | 6,249 | 5,801 | 5,723 | |||||
Investments In Affiliates Subsidiaries Associates … | 2,221 | 2,133 | 1,972 | 2,018 | 1,990 | 1,889 | 1,922 | 1,828 | 1,774 | 1,800 | 1,785 | 1,861 | |||||
Goodwill | 2,219 | 2,224 | 2,222 | 2,433 | 2,397 | 2,370 | 2,412 | 2,394 | 2,406 | 2,499 | 2,379 | 2,404 | |||||
Intangible Assets Net Excluding Goodwill | 2,193 | 2,167 | 2,345 | 2,395 | 2,401 | 2,351 | 2,462 | 2,502 | 2,455 | 2,519 | 2,518 | 2,584 | |||||
Defined Benefit Plan Assets For Plan Benefits Nonc… | 1,001 | 1,033 | 1,157 | 1,158 | 1,150 | 1,189 | 1,208 | 1,192 | 1,187 | 1,197 | 1,500 | 1,523 | |||||
Other Assets Noncurrent | 2,508 | 2,552 | 2,564 | 2,782 | 2,646 | 2,633 | 2,556 | 2,389 | 2,374 | 2,543 | 2,202 | 2,230 | |||||
Assets | 34,445 | 33,992 | 33,638 | 34,259 | 32,531 | 31,540 | 32,052 | 31,320 | 31,827 | 32,005 | 32,097 | 31,735 | |||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 4,433 | 3,800 | 3,819 | 4,151 | 4,311 | 3,951 | 4,206 | 4,405 | 4,476 | 4,260 | 4,262 | 4,308 | |||||
Short Term Bank Loans And Notes Payable | 451 | 313 | 315 | 336 | 291 | 356 | 441 | 329 | 342 | 280 | 231 | 419 | |||||
Commercial Paper | 349 | 353 | 353 | 353 | 1,740 | 1,259 | 1,636 | 1,581 | 609 | 1,496 | 1,710 | 1,617 | |||||
Long Term Debt Current | 157 | 94 | 122 | 615 | 661 | 660 | 654 | 167 | 113 | 118 | 573 | 575 | |||||
Employee Related Liabilities Current | 597 | 825 | 770 | 657 | 523 | 1,084 | 1,011 | 801 | 561 | 1,108 | 884 | 721 | |||||
Product Warranty Accrual Classified Current | 638 | 693 | 660 | 657 | 685 | 679 | 685 | 660 | 652 | 667 | 731 | 751 | |||||
Contract With Customer Liability Current | 1,591 | 1,606 | 1,600 | 1,620 | 1,506 | 1,347 | 1,225 | 1,311 | 1,236 | 1,220 | 1,029 | 1,017 | |||||
Accrued Liabilities Current | 1,951 | 1,926 | 1,815 | 1,926 | 1,858 | 1,898 | 1,745 | 1,890 | 3,697 | 3,754 | 1,706 | 1,637 | |||||
Liabilities Current | 10,167 | 9,610 | 9,454 | 10,315 | 11,575 | 11,234 | 11,603 | 11,144 | 11,686 | 12,903 | 11,126 | 11,045 | |||||
Liabilities Noncurrent | |||||||||||||||||
Long Term Debt And Capital Lease Obligations | 6,729 | 6,792 | 6,824 | 6,807 | 4,796 | 4,784 | 4,856 | 5,426 | 5,771 | 4,802 | 4,950 | 5,089 | |||||
Contract With Customer Liability Noncurrent | 1,053 | 1,054 | 1,119 | 1,059 | 1,053 | 1,065 | 1,090 | 1,046 | 1,061 | 966 | 1,011 | 939 | |||||
Other Liabilities Noncurrent | 3,124 | 3,128 | 3,143 | 3,205 | 3,136 | 3,149 | 3,162 | 3,128 | 3,208 | 3,430 | 3,332 | 3,306 | |||||
Liabilities | 21,073 | 20,584 | 20,540 | 21,386 | 20,560 | 20,232 | 20,711 | 20,744 | 21,726 | 22,101 | 20,419 | 20,379 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Common Stock Value Outstanding | 2,602 | 2,673 | 2,651 | 2,624 | 2,600 | 2,636 | 2,612 | 2,582 | 2,557 | 2,564 | 2,558 | 2,532 | |||||
Retained Earnings Accumulated Deficit | 22,994 | 22,616 | 22,300 | 22,040 | 21,401 | 20,828 | 20,660 | 20,101 | 19,605 | 17,851 | 19,520 | 19,102 | |||||
Treasury Stock Value | -10,868 | -10,662 | -10,676 | -10,708 | -10,711 | -10,748 | -10,783 | -10,797 | -10,831 | -9,359 | -9,369 | -9,380 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2,377 | -2,278 | -2,211 | -2,167 | -2,366 | -2,445 | -2,174 | -2,335 | -2,264 | -2,206 | -2,051 | -1,917 | |||||
Stockholders Equity | 13,372 | 13,408 | 12,064 | 12,873 | 10,924 | 10,271 | 11,341 | 10,576 | 9,067 | 9,904 | 11,678 | 11,356 | |||||
Minority Interest | 1,021 | 1,059 | 1,034 | 1,084 | 1,047 | 1,037 | 1,026 | 1,025 | 1,034 | 1,054 | 1,020 | 1,019 | |||||
Liabilities And Stockholders Equity | 34,445 | 33,992 | 33,638 | 34,259 | 32,531 | 31,540 | 32,052 | 31,320 | 31,827 | 32,005 | 32,097 | 31,735 | |||||
Common Stock Par Or Stated Value Per Share | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | |||||
Common Stock Shares Authorized | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | |||||
Common Stock Shares Issued | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | |||||
Treasury Stock Common Shares | 85 | 84 | 85 | 85 | 85 | 85 | 85 | 86 | 86 | 81 | 81 | 81 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.88% | 1.95% | -1.21% | - | - | - | - | - | - | - | - | - |
| 2025 | 6.95% | 8.36% | 22.93% | 7.30% | 12.58% | 13.50% | 8.07% | 12.65% | 24.08% | -8.00% | -6.21% | 12.17% |
| 2024 | 2.25% | -0.61% | 4.49% | 1.66% | 1.31% | 10.27% | 6.33% | -0.44% | 4.23% | -7.73% | -25.13% | -19.13% |
| 2023 | - | - | - | -3.67% | -4.20% | -9.01% | 4.25% | 9.56% | 5.97% | 5.25% | 17.81% | 10.00% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.71 | 1.76 | 1.77 | 1.64 | 1.34 | 1.31 | 1.32 | 1.34 | 1.34 | 1.18 | 1.43 | 1.40 | |||||
| Quick Ratio | 0.96 | 0.98 | 0.93 | 0.87 | 0.68 | 0.66 | 0.66 | 0.70 | 0.73 | 0.65 | 0.78 | 0.74 | |||||
| Working Capital | 7.21B | 7.32B | 7.27B | 6.62B | 3.97B | 3.52B | 3.71B | 3.82B | 3.93B | 2.30B | 4.79B | 4.37B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.58 | 1.54 | 1.70 | 1.66 | 1.88 | 1.79 | 1.83 | 1.96 | 2.40 | 2.23 | 1.75 | 1.79 | |||||
| Interest Coverage TTM | 11.71 | 12.23 | 11.74 | 12.33 | 11.06 | 10.14 | 4.84 | 4.41 | 4.40 | 4.70 | 10.20 | 10.33 | |||||
| Debt Ratio | 0.61 | 0.61 | 0.61 | 0.62 | 0.63 | 0.64 | 0.65 | 0.66 | 0.68 | 0.69 | 0.64 | 0.64 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.01 | 1.03 | 1.02 | 1.03 | 1.05 | 1.07 | 1.07 | 1.08 | 1.08 | 1.09 | 1.08 | 1.15 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 19.07 | - | 19.85 | 21.86 | 20.90 | - | 15.39 | 14.30 | 13.77 | - | 19.78 | 18.03 | |||||
| Free Cash Flow Per Share TTM | 19.31 | 10.72 | 16.51 | 11.99 | 0.05 | 1.25 | 2.46 | 8.79 | 18.10 | 12.37 | 15.28 | 7.75 | |||||
| Dividend Per Share TTM | 22.69 | 13.99 | 21.51 | 21.35 | 21.05 | 12.97 | 10.46 | 10.38 | 6.64 | 4.14 | 6.38 | 6.27 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 25.39% | 25.29% | 25.61% | 25.63% | 25.25% | 24.75% | 24.58% | 24.31% | 24.29% | 24.22% | 24.23% | 23.72% | |||||
| Operating Profit Margin TTM | 11.33% | 11.95% | 11.74% | 12.28% | 11.69% | 11.00% | 5.28% | 4.99% | 4.87% | 5.17% | 11.34% | 10.72% | |||||
| Net Profit Margin TTM | 7.81% | 8.44% | 8.20% | 8.98% | 8.53% | 11.93% | 6.21% | 5.77% | 5.75% | 2.16% | 8.49% | 7.98% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 0.06% | -1.27% | -1.80% | -1.33% | -0.42% | 0.11% | 2.72% | 6.15% | 12.85% | 21.34% | 27.29% | 29.87% | |||||
| Net Income Growth (1Y) | -8.41% | -30.11% | 29.65% | 53.55% | 47.68% | 453.47% | -24.78% | -23.24% | -22.77% | -65.83% | 45.32% | 23.63% | |||||
| EPS Growth (1Y) | -8.87% | -30.11% | 28.90% | 52.77% | 51.65% | 453.47% | -22.26% | -20.66% | -22.66% | -65.83% | 44.60% | 23.19% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 28.02 | 39.69 | 20.93 | 14.67 | 14.61 | 18.57 | 20.26 | 18.55 | 20.38 | 69.02 | 10.83 | 12.68 | |||||
| P/B TTM | 5.55 | 8.42 | 4.78 | 3.45 | 3.86 | 6.68 | 3.80 | 3.46 | 4.40 | 5.12 | 2.62 | 2.87 | |||||
| P/S TTM | 2.19 | 3.35 | 1.72 | 1.32 | 1.25 | 2.22 | 1.26 | 1.07 | 1.17 | 1.49 | 0.92 | 1.01 | |||||
| Market Cap | 74.18B | 112.84B | 57.66B | 44.42B | 42.21B | 75.55B | 43.06B | 36.58B | 39.88B | 50.73B | 30.60B | 32.58B | |||||
| Enterprise Value | 78.80B | 117.23B | 62.39B | 49.87B | 47.87B | 80.58B | 48.47B | 42.16B | 43.83B | 54.97B | 35.22B | 38.06B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 2.67B | 2.39B | 2.28B | 1.65B | 7.00M | 279.00M | 337.00M | 1.21B | 2.56B | 2.75B | 2.17B | 1.10B | |||||
| Net Debt | 4.62B | 4.39B | 4.73B | 5.46B | 5.67B | 5.03B | 5.41B | 5.58B | 3.95B | 4.24B | 4.62B | 5.48B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
CUMMINS INC (CMI) — SEC Financial Statements & Analysis
CUMMINS INC (CMI) is a engines & turbines company, incorporated in IN. CUMMINS INC trades on NYSE as: CMI. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), CUMMINS INC reported a 0.06% year-over-year revenue growth, a Gross Profit Margin of 25.39% (TTM), a Debt-to-Equity ratio of 1.58x, a Price-to-Sales (P/S) ratio of 2.19x (TTM), a Price-to-Book (P/B) ratio of 5.55 (TTM), at a market cap of $74.18B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 0.06%
- Gross Profit Margin TTM
- 25.39%
- Debt To Equity
- 1.58x
- P/S TTM
- 2.19x
- P/B TTM
- 5.55
- Market Cap
- $74.18B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is CUMMINS INC in?
CUMMINS INC (CMI) operates in the Engines & Turbines industry.
What is CMI's market cap?
CUMMINS INC (CMI) has a market capitalization of $74.18B as of 2026-03-31.
What is CMI's P/E ratio?
CUMMINS INC (CMI)'s trailing twelve month P/E ratio is 28.02x as of 2026-03-31.
What exchange does CMI trade on?
CUMMINS INC (CMI) trades on the NYSE.
Where is CUMMINS INC incorporated?
CUMMINS INC is incorporated in IN.