What is Cummins's goodwill?

Cummins (CMI) reported goodwill of $2.22B in Q1 2026.

How has Cummins's goodwill changed year-over-year?

Cummins's goodwill decreased by 7.4% year-over-year, from $2.4B to $2.22B.

What is the long-term trend for Cummins's goodwill?

Over 5 years (2020 to 2025), Cummins's goodwill has grown at a 11.5% compound annual growth rate (CAGR), from $1.29B to $2.22B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Cummins CMI Goodwill

Goodwill at other companies

CaterpillarCAT

$5.87B+11.3%

Donaldson CompanyDCI

$499.4M+2.0%

BorgWarnerBWA

$2.04B-14.3%

Allison Transmission HoldingsALSN

$2.83B+36.2%

Generac HoldingsGNRC

$1.49B+3.1%

Garrett Motion Inc.GTX

$193M0.0%

Segments

By segment

See full

Accelera$288M-41.7%

Other financials

Income statement

See full

Revenue$8.4B+2.7%

Gross profit$2.2B+4.1%

Operating income$949.0M-16.3%

Net income$680.0M-20.0%

EPS (diluted)$4.71-21.0%

Balance sheet

See full

Cash & equivalents$2.6B+70.6%

Total debt$8.0B+25.0%

Total equity$12.4B+13.1%

Total assets$34.4B+5.9%

Cash flow

See full

Operating cash flow$309.0M+10,400%

CapEx$189.0M+16.7%

Free cash flow$120.0M+173%

Valuation

See full

Market cap$98.92B+72.5%

Enterprise value$104.33B+66.2%

P/E35.5×+15.6×

P/S2.9×+1.2×

Profitability

See full

Gross margin25.4%+0.1pp

Operating margin11.3%-0.4pp

Net margin8.2%-0.3pp

FCF margin7.9%+7.9pp

Returns & leverage

See full

Return on equity23.9%-5.0pp

Debt / equity0.6×+0.1×

Current ratio1.7×+0.4×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's goodwill?: Cummins (CMI) reported goodwill of $2.22B in Q1 2026.
How has Cummins's goodwill changed year-over-year?: Cummins's goodwill decreased by 7.4% year-over-year, from $2.4B to $2.22B.
What is the long-term trend for Cummins's goodwill?: Over 5 years (2020 to 2025), Cummins's goodwill has grown at a 11.5% compound annual growth rate (CAGR), from $1.29B to $2.22B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.