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Cummins

CMI

Cummins Inc. is a global power leader that designs, manufactures, distributes, and services a broad portfolio of power solutions, including diesel, natural gas, electric, and hybrid powertrains.

Market cap
$92.34B+102%
Revenue$33.9B+0.1%
Net income$2.8B-3.6%
Free cash flow$2.7B+38,057%
EPS (diluted)$19.27-4.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$9.3B
EPS estimate$7.27

Financials

Q1 2026

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 & ratios

Valuation

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Market cap$92.34B+102%
Enterprise value$97.75B+88.5%
P/E33.1×+18.2×
P/S2.7×+1.4×

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×

Segments

By product

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Parts$1.1B+3.6%
Drivetrain and braking systems$918.0M-13.1%
Emission solutions$807.0M+2.0%
Power generation$640.0M+43.8%
Medium-duty truck and bus$613.0M-12.4%

By segment

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Distribution$3.1B+7.2%
Engine$2.7B-3.6%
Components$2.5B-5.2%
Power Systems$2.0B+18.6%
Accelera$101.0M-1.9%

By geography

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North America$2.2B+3.3%
Asia Pacific$327.0M+36.3%
Europe$303.0M+12.6%
Africa and Middle East$56.0M
Latin America$51.0M+2.0%

Competitors

Profile

Cummins Inc. is a global power leader that designs, manufactures, distributes, and services a broad portfolio of power solutions, including diesel, natural gas, electric, and hybrid powertrains. The company provides integrated power generation systems, zero-emissions technologies, and critical engine components to support the global energy transition. Its value proposition centers on delivering dependable, high-performance solutions through an extensive global service network and deep technical expertise.

Competitive position

A leading global independent engine manufacturer with a dominant position in the North American heavy-duty truck market and a significant presence in global power generation.

GeographiesNorth America, China, Europe, India, Latin America, Asia Pacific, Africa, Middle East
Customer segmentsOriginal Equipment Manufacturers, Commercial Fleet Operators, Industrial Enterprises, Government and Defense
Business modelManufacturing, Distribution, Aftermarket Services
SuppliersRaw material suppliers, Electronic component manufacturers, Casting and forging suppliers, Specialized chemical providers for aftertreatment
CustomersCommercial truck OEMs, Construction and agricultural equipment OEMs, Data center operators, Independent distributors and dealers
Listed1972
Employees75.5K
CEOJennifer W. Rumsey
FilingsSEC EDGAR

Questions, answered.

What is Cummins's market cap?
Cummins (CMI) has a market capitalization of $92.3B and trades on NYSE.
What is Cummins's revenue and profitability?
Cummins generated $33.9B in trailing twelve-month revenue with net income of $2.8B, representing a net margin of 8.2%. Gross margin stands at 25.4%, with free cash flow of $2.7B. These figures are based on the Q1 2026 filing.
Who are Cummins's competitors?
Cummins's key competitors include Caterpillar Inc., Generac, Allison Transmission, and others. These companies compete in similar markets and product categories.
Who does Cummins partner with?
Cummins's notable partners include Stellantis N.V., PACCAR Inc., Daimler Truck AG, and others.
What subsidiaries does Cummins have?
Cummins's subsidiaries include Cummins India Ltd., Eaton Cummins Automated Transmission Technologies.
Where is Cummins headquartered?
Cummins is headquartered in United States of America and employs approximately 75,500 people. It has been publicly traded since 1972.