Business Segments · Research and Development Expense
Total — Research and Development Expense
Cummins Total — Research and Development Expense increased by 1.4% to $350.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.7%, from $356.00M to $350.00M. Over 4 years (FY 2021 to FY 2025), Total — Research and Development Expense shows an upward trend with a 6.4% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2015
Last reportedQ4 2025
Rolls up toR&D
How to read this metric
An increase suggests a focus on future growth and innovation, whereas a decrease might signal a short-term focus or reduced competitive investment.
Detailed definition
Represents investments in new product development, technology innovation, and process improvements. For industrial manuf...
Peer comparison
Standard R&D reporting for technology-driven industrial and manufacturing firms.
Metric ID:
cmi_segment_total_segment_research_and_development_expenseHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $276.00M | $266.00M | $288.00M | $298.00M | $299.00M | $348.00M | $333.00M | $350.00M | $384.00M | $376.00M | $388.00M | $367.00M | $379.00M | $359.00M | $356.00M | $344.00M | $357.00M | $345.00M | $350.00M |
| QoQ Change | — | -3.6% | +8.3% | +3.5% | +0.3% | +16.4% | -4.3% | +5.1% | +9.7% | -2.1% | +3.2% | -5.4% | +3.3% | -5.3% | -0.8% | -3.4% | +3.8% | -3.4% | +1.4% |
| YoY Change | — | — | — | — | +8.3% | +30.8% | +15.6% | +17.4% | +28.4% | +8.0% | +16.5% | +4.9% | -1.3% | -4.5% | -8.2% | -6.3% | -5.8% | -3.9% | -1.7% |
Range$266.00M – $388.00M
CAGR+5.4%
Avg YoY Growth+6.6%
Median YoY Growth+4.9%
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Frequently Asked Questions
- What is Cummins's total — research and development expense?
- Cummins (CMI) reported total — research and development expense of $350.00M in Q4 2025.
- How has Cummins's total — research and development expense changed year-over-year?
- Cummins's total — research and development expense decreased by 1.7% year-over-year, from $356.00M to $350.00M.
- What is the long-term trend for Cummins's total — research and development expense?
- Over 4 years (2021 to 2025), Cummins's total — research and development expense has grown at a 6.4% compound annual growth rate (CAGR), from $1.09B to $1.40B.
- What does total — research and development expense mean?
- The money spent on developing new products and improving existing technologies.