Income StatementBalance SheetCash FlowSegments
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Cummins Business Segments

Business, geographic, and product segment breakdowns

Cummins generates $33.9B in annual revenue across 4 key segments: Accelera ($458.0M), Components ($10.0B), Distribution ($12.6B), and Engine ($10.8B). The company-wide operating margin is 11.33%. Based on the Q1 2026 filing.

Accelera (TTM)$458.0MComponents (TTM)$10.0BDistribution (TTM)$12.6BEngine (TTM)$10.8BPower Systems (TTM)$7.8B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$88.3B
P/E Ratio31.67
ROE23.95%

Products & Services

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Parts$981.0M$1.0B$1.0B$1.0B$1.0B$1.1B
Drivetrain and braking systems$1.1B$1.1B$1.1B$916.0M$917.0M$918.0M
Emission solutions$743.0M$791.0M$777.0M$702.0M$764.0M$807.0M
Power generation$547.0M$445.0M$584.0M$623.0M$577.0M$640.0M
Medium-duty truck and bus$764.0M$700.0M$676.0M$533.0M$638.0M$613.0M
Heavy-duty truck$760.0M$654.0M$727.0M$540.0M$623.0M$563.0M
Light-duty automotive$293.0M$425.0M$482.0M$583.0M$440.0M$448.0M
Service$442.0M$416.0M$439.0M$494.0M$449.0M$433.0M
Engines$419.0M$370.0M$384.0M$416.0M$417.0M$342.0M
Off-highway$247.0M$261.0M$277.0M$266.0M$279.0M$342.0M
Industrial$321.0M$284.0M$298.0M$323.0M$333.0M$293.0M
Generator technologies$124.0M$143.0M$172.0M$180.0M$152.0M$160.0M
Atmus - Filtration (CBU business)$72.3M$0.0$0.0$0.0$0.0—
Engine Components and Software [CBU business]$276.5M$300.8M$300.8M$300.8M$300.8M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Power generation—$1.1B$1.2B$1.2B—$1.3B
Components and software—$306.0M$301.0M$281.0M—$325.0M
Automated transmissions—$117.0M$123.0M$87.0M—$88.0M

Equity, royalty and interest income from investees (Note 3)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Royalty and interest income$20.0M$34.0M$22.0M$22.0M$27.0M$25.0M

Geographic

NET SALES (Notes 1 and 2)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$4.7B$4.8B$4.9B$4.7B$4.7B$4.5B
North America$2.0B$2.1B$2.1B$2.2B$2.2B$2.2B
China$751.0M$779.0M$826.0M$844.0M$849.0M$1.0B
India$494.0M$426.0M$415.0M$447.0M$433.0M$471.0M
Asia Pacific$306.0M$240.0M$280.0M$311.0M$319.0M$327.0M
Europe$349.0M$269.0M$323.0M$273.0M$321.0M$303.0M
Africa and Middle East—$59.0M———$56.0M
Latin America$72.0M$50.0M$83.0M$98.0M$62.0M$51.0M

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CHINA$968.0M———$1.0B—
INDIA$566.0M———$598.0M—
OTHER INTERNATIONAL$1.9B———$2.1B—
UNITED KINGDOM$494.0M———$580.0M—
UNITED STATES$5.8B———$6.3B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other international$2.5B$2.2B$2.5B$2.4B$2.6B$2.4B

Business Segments

Acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera$0.0$0.0$0.0$0.0$0.0—

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera$14.8M$8.0M$8.0M$8.0M$8.0M—
Components$84.8M$84.0M$84.0M$84.0M$84.0M—
Distribution$27.8M$31.8M$31.8M$31.8M$31.8M—
Engine$139.0M$129.5M$129.5M$129.5M$129.5M—
Power Systems$35.8M$55.5M$55.5M$55.5M$55.5M—

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$2.5B$2.3B$2.4B$2.5B$2.6B$2.5B
Engine$2.0B$2.0B$2.2B$2.0B$2.0B$2.1B
Components$2.1B$2.1B$2.2B$1.9B$2.0B$2.0B
Power Systems$1.2B$1.1B$1.3B$1.4B$1.3B$1.2B
Accelera$242.0M$121.0M$132.0M$172.0M$276.0M$121.0M

Depreciation and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components$126.0M$122.0M$127.0M$122.0M$125.0M$128.0M
Engine$64.0M$67.0M$68.0M$71.0M$70.0M$72.0M
Power Systems$32.0M$33.0M$35.0M$36.0M$36.0M$36.0M
Distribution$31.0M$32.0M$32.0M$32.0M$33.0M$35.0M
Accelera$16.0M$12.0M$13.0M$13.0M$14.0M$9.0M

Equity, royalty and interest income from investees (Note 3)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Engine$54.0M$73.0M$60.0M$54.0M$67.0M$80.0M
Power Systems$14.0M$29.0M$27.0M$26.0M$27.0M$36.0M
Distribution$17.0M$28.0M$26.0M$23.0M$28.0M$28.0M
Components$13.0M$7.0M$10.0M$7.0M$7.0M$10.0M
Accelera-$28.0M-$6.0M-$5.0M-$6.0M-$13.0M-$6.0M

General and Administrative Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Engine$147.0M$138.0M$146.0M$141.0M$145.0M$162.0M
Components$130.0M$119.0M$121.0M$132.0M$133.0M$134.0M
Distribution$90.0M$91.0M$89.0M$93.0M$92.0M$104.0M
Power Systems$106.0M$100.0M$106.0M$105.0M$99.0M$101.0M
Accelera$24.0M$13.0M$14.0M$18.0M$24.0M$10.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera$494.0M———$288.0M—

Interest Income, Operating and Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components$4.0M$7.0M$10.0M$8.0M$4.0M$11.0M
Engine$1.0M$10.0M$8.0M$11.0M$8.0M$10.0M
Distribution$8.0M$5.0M$7.0M$6.0M$5.0M$6.0M
Power Systems$0.0$4.0M$4.0M$4.0M$4.0M$5.0M
Accelera$1.0M$0.0$1.0M$0.0$0.0$0.0

Investments and advances related to equity method investees (Note 3)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera$187.0M———$359.0M—
Components$504.0M———$494.0M—
Distribution$394.0M———$409.0M—
Engine$653.0M———$697.0M—
Power Systems$145.0M———$168.0M—

Net assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera$1.2B———$944.0M—
Components$6.4B———$6.8B—
Distribution$3.2B———$3.6B—
Engine$2.1B———$2.5B—
Power Systems$2.4B———$2.7B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$3.1B$2.9B$3.0B$3.2B$3.3B$3.1B
Engine$2.7B$2.8B$2.9B$2.6B$2.6B$2.7B
Components$2.6B$2.7B$2.7B$2.3B$2.4B$2.5B
Power Systems$1.7B$1.6B$1.9B$2.0B$1.9B$2.0B
Accelera$100.0M$103.0M$105.0M$121.0M$131.0M$101.0M

Other Operating and Nonoperating (expense) income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera-$171.0M-$3.0M-$2.0M-$209.0M-$84.0M-$199.0M
Components-$17.0M-$17.0M-$18.0M-$24.0M-$13.0M-$18.0M
Distribution$13.0M$9.0M$27.0M$17.0M$12.0M$18.0M
Engine$6.0M$20.0M$18.0M$15.0M$17.0M$17.0M
Power Systems-$4.0M$3.0M$11.0M$2.0M$6.0M$9.0M

Product Warranty Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Engine$92.0M$85.0M$119.0M$97.0M$107.0M$93.0M
Components$8.0M$26.0M$28.0M$29.0M$37.0M$27.0M
Power Systems$36.0M$32.0M$26.0M$37.0M$31.0M$17.0M
Accelera$15.0M$8.0M$12.0M$18.0M$57.0M$13.0M
Distribution$6.0M$6.0M$5.0M$5.0M$7.0M$7.0M

Research and Development Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Engine$148.0M$155.0M$151.0M$159.0M$159.0M$164.0M
Components$78.0M$75.0M$77.0M$70.0M$58.0M$81.0M
Power Systems$56.0M$57.0M$69.0M$62.0M$65.0M$66.0M
Accelera$60.0M$43.0M$46.0M$40.0M$57.0M$32.0M
Distribution$14.0M$14.0M$14.0M$14.0M$11.0M$15.0M

Segment EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Power Systems$314.0M$389.0M$430.0M$457.0M$418.0M$577.0M
Distribution$400.0M$376.0M$445.0M$492.0M$495.0M$444.0M
Components$361.0M$382.0M$397.0M$292.0M$327.0M$337.0M
Engine$367.0M$458.0M$400.0M$261.0M$263.0M$279.0M
Accelera-$431.0M-$86.0M-$100.0M-$336.0M-$374.0M-$277.0M

Selling Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$159.0M$157.0M$154.0M$151.0M$151.0M$164.0M
Engine$51.0M$59.0M$61.0M$57.0M$54.0M$69.0M
Power Systems$44.0M$46.0M$41.0M$42.0M$41.0M$48.0M
Components$43.0M$41.0M$40.0M$43.0M$39.0M$47.0M
Accelera$7.0M$7.0M$7.0M$7.0M$8.0M$6.0M

Translation and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelera-$500.0K$1.0M$1.0M$1.0M$1.0M—

Goodwill, Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components—$0.0$0.0$0.0$0.0—
Distribution—$0.0$0.0$0.0$0.0—
Engine—$0.0$0.0$0.0$0.0—
Power Systems—$0.0$0.0$0.0$0.0—