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Cummins CMI Investments

Investments at other companies

BorgWarner logo
BorgWarnerBWA
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Kirby Corporation logo
Kirby CorporationKEX
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Segments

By segment

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Engine$697M+6.7%
Components$494M-2.0%
Distribution$409M+3.8%
Accelera$359M+92.0%
Power Systems$168M+15.9%

Other financials

Income statement

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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

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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

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Operating cash flow$309.0M+10,400%
CapEx$189.0M+16.7%
Free cash flow$120.0M+173%

Valuation

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Market cap$98.92B+72.5%
Enterprise value$104.33B+66.2%
P/E35.5×+15.6×
P/S2.9×+1.2×

Profitability

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Gross margin25.4%+0.1pp
Operating margin11.3%-0.4pp
Net margin8.2%-0.3pp
FCF margin7.9%+7.9pp

Returns & leverage

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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:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

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 investments?
Cummins (CMI) reported investments of $2.22B in Q1 2026.
How has Cummins's investments changed year-over-year?
Cummins's investments increased by 11.6% year-over-year, from $1.99B to $2.22B.
What is the long-term trend for Cummins's investments?
Over 5 years (2020 to 2025), Cummins's investments has grown at a 8.2% compound annual growth rate (CAGR), from $1.44B to $2.13B.
What does investments mean?
This represents the carrying value of equity investments in joint ventures, unconsolidated subsidiaries, or other strategic partnerships. It reflects the company's minority or non-controlling interests in external entities that support its broader business ecosystem. These investments are typically held for long-term strategic alignment rather than short-term trading.