Your Best Stock

Cummins CMI

US equityMarket cap rank #233Specialty Industrial Machinery
$517.10
−$7.55 (-1.44%)
Market open · Sep 24, 2:00 pm ET
After hours $524.65 0.00%
Open$518.07
Prev close$524.65
Day range$515.57 – $523.76
Volume473.7K
Market cap$71.19B
P/E (TTM)26.4
Dividend yield1.55%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$9.46B+9.4% YoY
Operating profit$1.13B+1.5% YoY
Net profit$968.00M+4.3% YoY
Diluted EPS$6.73+4.7% YoY
Free cash flow$1.25B+125.6% YoY
Operating cash flow$1.50B

Revenue, last 8 quarters

$8.5BSep '24$8.4BDec '24$8.2BMar '25$8.6BJun '25$8.3BSep '25$8.5BDec '25$8.4BMar '26$9.5BJun '26

Net profit, last 8 quarters

$843.0MSep '24$445.0MDec '24$850.0MMar '25$928.0MJun '25$559.0MSep '25$620.0MDec '25$680.0MMar '26$968.0MJun '26

Diluted EPS by quarter

5.86Sep '243.02Dec '245.96Mar '256.43Jun '253.86Sep '254.27Dec '254.71Mar '266.73Jun '26

Free cash flow by quarter

$381.0MSep '24$882.0MDec '24$-165.0MMar '25$554.0MJun '25$1.0BSep '25$990.0MDec '25$120.0MMar '26$1.3BJun '26

Annual revenue

$19.8BFY20$24.0BFY21$28.1BFY22$34.1BFY23$34.1BFY24$33.7BFY25

Profitability & balance sheet

Gross margin25.3%
Operating margin10.6%
Net margin7.8%
Return on equity22.0%
Return on assets7.8%
Return on invested capital13.5%
Current ratio1.73
Liabilities / assets61.0%
Cash & investments$3.92B
Total debt$8.15B
Net cash (debt)-$4.22B
Free cash flow / sales9.7%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Distribution$3.33B 28.4%
  • Engine$3.08B 26.4%
  • Components$2.89B 24.7%
  • POWER SYSTEMS$2.26B 19.3%
  • Accelera$145.00M 1.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $9.46B $8.40B $33.67B $8.54B $8.32B
Total Operating Revenue $9.46B $8.40B $33.67B $8.54B $8.32B
Cost of Revenue $6.99B $6.16B $25.15B $6.59B $6.19B
Gross Profit $2.47B $2.24B $8.52B $1.95B $2.13B
Operating Expense $1.34B $1.24B $4.65B $1.17B $1.17B
Selling and Admin Expenses $893.00M $845.00M $3.13B $786.00M $789.00M
Research & Development $385.00M $358.00M $1.40B $350.00M $345.00M
Other Operating Expenses $62.00M $7.00M -$3.00M $0.00 -$1.00M
Operating Profit $1.13B $1.00B $3.87B $781.00M $962.00M
Net Non-Operating Interest Income (Expense) -$55.00M -$19.00M -$118.00M -$34.00M -$32.00M
Non-Operating Interest Income $25.00M $57.00M $211.00M $48.00M $51.00M
Non-Operating Interest Expense $80.00M $76.00M $329.00M $82.00M $83.00M
Other Income (Expense) $223.00M -$47.00M $216.00M $44.00M -$100.00M
Earnings from Equity Interest $129.00M $123.00M $364.00M $89.00M $82.00M
Other Non-Operating Income (Expenses) $94.00M $28.00M $96.00M $26.00M $23.00M
Pretax Profit $1.29B $934.00M $3.96B $791.00M $830.00M
Tax $325.00M $254.00M $1.01B $171.00M $271.00M
Net Profit $968.00M $680.00M $2.96B $620.00M $559.00M
Profit from Continuing Operations $968.00M $680.00M $2.96B $620.00M $559.00M
Minority Interests $36.00M $26.00M $114.00M $27.00M $23.00M
Net Income to Parent Company $932.00M $654.00M $2.84B $593.00M $536.00M
Net Income to Common Stockholders $932.00M $654.00M $2.84B $593.00M $536.00M
Basic EPS $6.76 $4.73 $20.62 $4.29 $3.88
Diluted EPS $6.73 $4.71 $20.50 $4.27 $3.86
Dividend Per Share $2.00 $2.00 $7.64 $2.00 $2.00
Depreciation & Amortization & Depletion – $33.00M $133.00M $34.00M $34.00M
-Depreciation & Amortization – $33.00M $133.00M $34.00M $34.00M
Gain on Sale of Security – $7.00M $27.00M $10.00M -$5.00M
Special Income (Charges) – -$205.00M -$271.00M -$81.00M -$200.00M
-Less:Other Special Charges – $6.00M -$38.00M -$3.00M -$14.00M
-Gain on Sale Of Business – -$199.00M $0.00 $0.00 $0.00
-General & Admin Expense – – $3.13B – –
-Less:Impairment of Capital Assets – – $292.00M $82.00M $210.00M
-Less:Write Off – – $17.00M $2.00M $4.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $35.63B $34.45B $33.99B $33.99B $33.64B
Total Current Assets $18.43B $17.38B $16.93B $16.93B $16.72B
Cash and Cash Equivalents & Short-Term Investments $3.92B $3.18B $3.61B $3.61B $3.16B
-Cash and Cash Equivalents $3.18B $2.61B $2.85B $2.85B $2.57B
-Short Term Investments $745.00M $568.00M $764.00M $764.00M $593.00M
Receivables $6.59B $6.53B $5.82B $5.82B $5.64B
-Accounts Receivable $6.59B $6.53B $5.82B $5.82B $5.64B
Inventory $6.40B $6.13B $5.82B $5.82B $6.26B
Other Current Assets $1.53B $1.54B $1.68B $1.68B $1.67B
Total Non-Current Assets $17.20B $17.07B $17.07B $17.07B $16.92B
Net PPE $7.58B $7.45B $7.50B $7.50B $7.21B
-Gross PPE $13.80B $13.53B $13.46B $13.46B $13.10B
-Accumulated Depreciation -$6.22B -$6.08B -$5.96B -$5.96B -$5.89B
Investments and Advances $2.27B $2.22B $2.13B $2.13B $1.97B
-Long Term Equity Investment $2.27B $2.22B $2.13B $2.13B $1.97B
Goodwill and Other Intangible Assets $4.39B $4.41B $4.39B $4.39B $4.57B
-Goodwill $2.22B $2.22B $2.22B $2.22B $2.22B
-Other Intangible Assets $2.17B $2.19B $2.17B $2.17B $2.35B
Defined Pension Benefit $1.01B $1.00B $1.03B $1.03B $1.16B
Non-Current Deferred Assets $1.05B $1.08B $1.06B $1.06B $1.08B
Other Non-Current Assets $900.00M $901.00M $952.00M $952.00M $937.00M
Total Liabilities $21.72B $21.07B $20.58B $20.58B $20.54B
Total Current Liabilities $10.67B $10.17B $9.61B $9.61B $9.45B
Payables $5.11B $4.87B $4.27B $4.27B $4.24B
-Accounts Payable $4.65B $4.43B $3.80B $3.80B $3.82B
-Total Tax Payable $458.00M $440.00M $474.00M $474.00M $423.00M
Current Accrued Expenses $2.06B $2.01B $2.01B $2.01B $1.91B
Short-Term Debt and Capital Lease Obligation $1.10B $1.09B $898.00M $898.00M $930.00M
-Current Debt $958.00M $957.00M $760.00M $760.00M $790.00M
-Current Capital Lease Obligation $141.00M $136.00M $138.00M $138.00M $140.00M
Current Deferred Liabilities $1.59B $1.59B $1.61B $1.61B $1.60B
Total Non-Current Liabilities $11.05B $10.91B $10.97B $10.97B $11.09B
Non-Current Accrued Expenses $943.00M $911.00M $887.00M $887.00M $867.00M
Long Term Debt and Capital Lease Obligation $7.19B $7.15B $7.22B $7.22B $7.25B
-Long Term Debt $6.74B $6.73B $6.79B $6.79B $6.82B
-Long Term Capital Lease Obligation $450.00M $418.00M $424.00M $424.00M $428.00M
Derivative Product Liabilities $97.00M $78.00M $72.00M $72.00M $63.00M
Non-Current Deferred Liabilities $1.45B $1.43B $1.44B $1.44B $1.50B
Employee Benefits $746.00M $737.00M $747.00M $747.00M $783.00M
Other Non-Current Liabilities $631.00M $599.00M $610.00M $610.00M $623.00M
Total Equity $13.91B $13.37B $13.41B $13.41B $13.10B
Stockholders' Equity $12.85B $12.35B $12.35B $12.35B $12.06B
Capital Stock $2.63B $2.60B $556.00M $556.00M $556.00M
-Common Stock $2.63B $2.60B $556.00M $556.00M $556.00M
Retained Earnings $23.65B $22.99B $22.62B $22.62B $22.30B
Less: Treasury Stock $11.09B $10.87B $10.66B $10.66B $10.68B
Gains/Losses Not Affecting Retained Earnings -$2.34B -$2.38B -$2.28B -$2.28B -$2.21B
Minority Interests $1.06B $1.02B $1.06B $1.06B $1.03B
Additional Paid-In Capital – – $2.12B $2.12B $2.10B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.50B $309.00M $3.62B $1.53B $1.31B
Net cash flow from continuing operations $1.50B $309.00M $3.62B $1.53B $1.31B
Net Income from Continuing Operations $968.00M $680.00M $2.96B $620.00M $559.00M
Gain/Loss from Continuing Operations -$12.00M -$67.00M $24.00M $2.00M $71.00M
Depreciation & Depletion & Amortization $281.00M $282.00M $1.11B $280.00M $277.00M
Deferred Tax $27.00M -$12.00M $86.00M $18.00M $206.00M
Other Non-Cash Items $13.00M $25.00M $310.00M $69.00M $251.00M
Change in Working Capital $222.00M -$599.00M -$861.00M $545.00M -$59.00M
-Change in Receivables -$60.00M -$678.00M -$612.00M -$146.00M $177.00M
-Change in Inventory -$279.00M -$333.00M -$39.00M $407.00M -$10.00M
-Change in Payables and Accrued Expense $548.00M $462.00M -$144.00M $204.00M -$252.00M
-Change in Other Current Assets $13.00M -$50.00M -$66.00M $80.00M $26.00M
Net cash flow from investing -$419.00M -$10.00M -$1.73B -$885.00M -$231.00M
Net Cash Flow from Continuing Investing Activities -$419.00M -$10.00M -$1.73B -$885.00M -$231.00M
Capital Expenditure -$249.00M -$189.00M -$1.24B -$544.00M -$298.00M
Net Investment Purchase and Sale -$167.00M $175.00M -$177.00M -$175.00M $145.00M
Net Other Investing Changes -$3.00M $4.00M -$111.00M -$33.00M -$3.00M
Financing Cash Flow -$524.00M -$517.00M -$772.00M -$369.00M -$827.00M
Net Cash Flow from Continuing Financing Activities -$524.00M -$517.00M -$772.00M -$369.00M -$827.00M
Net Issuance Payments Of Debt -$34.00M $101.00M $454.00M -$45.00M -$531.00M
Net Common Stock Issuance -$225.00M -$243.00M – – –
Cash Dividends Paid -$276.00M -$276.00M -$1.06B -$277.00M -$276.00M
Net Other Financing Charges $11.00M -$99.00M -$171.00M -$47.00M -$20.00M
Ending Cash Balance $3.18B $2.61B $2.85B $2.85B $2.57B
Net Change in Cash $556.00M -$218.00M $1.12B $280.00M $247.00M
Beginning Cash Balance $2.61B $2.85B $1.67B $2.57B $2.32B
Effect of Exchange Rate Changes $9.00M -$13.00M $56.00M -$1.00M $0.00
Free Cash Flow $1.25B $120.00M $2.39B $990.00M $1.01B
Net Business Purchase and Sale – – -$208.00M -$133.00M -$9.00M
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