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Cummins

CMINYSEStock Fundamentals

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.

Market Cap$88.3B
Revenue TTM$33.9B
Net Income TTM$2.8B
P/E Ratio31.67
Net Margin8.22%
EPS TTM$19.27
Free Cash Flow TTM$2.7B
Employees75.5K
CEOJennifer W. Rumsey
CountryUnited States of America
Industrials
Industrial - Machinery
SegmentsMachinery, Engine Manufacturing, Power Generation, Automotive Parts
Business ModelsManufacturing, Distribution, Aftermarket Services
Most Recent EarningsMay 5, 2026 · 21 days agoQ1 2026
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Next EarningsAug 4, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin25.39%
Op. Margin11.33%
ROE23.95%
D/E64.97%
Current Ratio1.71
Total Debt$8.0B
Cash$2.6B
CapEx TTM$1.3B

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Distribution

primary

Acts as the primary sales, service, and support channel for Cummins products through a global network of wholly-owned and independent locations.

Products

Aftermarket parts, In-shop and field-based repair services, Application engineering services, Custom-designed assemblies

Customers

End-users, Certified dealers, Independent distributors

Engine

major

Manufactures and markets a broad range of diesel, natural gas, and gasoline-powered engines for heavy-duty, medium-duty, and light-duty automotive and off-highway markets.

Products

Heavy-duty truck engines, Medium-duty truck and bus engines, Light-duty automotive engines, Off-highway industrial engines

Customers

Heavy-duty truck OEMs, Medium-duty truck and bus OEMs, Light commercial vehicle manufacturers, Construction and agricultural equipment manufacturers

Components

major

Supplies products that complement the Engine and Power Systems segments, focusing on emission solutions, drivetrain systems, and advanced transmission technologies.

Products

Aftertreatment systems, Turbochargers, Fuel systems, Valvetrain technologies, Automated transmissions, Axles, Braking systems

Customers

Internal Cummins segments, Truck manufacturers, Off-highway OEMs, Aftermarket distributors

Power Systems

major

Provides power generation systems, high-horsepower industrial engines, and alternator products for diverse global applications.

Products

Standby and prime power generators, Stamford alternators, AVK alternators, High-speed high-horsepower engines, Paralleling systems, Transfer switches

Customers

Data centers, Mining companies, Oil and gas operators, Marine and rail industries, Defense agencies

Accelera

minor

Focuses on the development and commercialization of zero-emissions technologies, including electrified power systems and battery technologies.

Products

Battery energy storage systems, Electric powertrain technologies, Electrolyzers

Customers

Commercial vehicle OEMs, Industrial equipment manufacturers, Alternative power market participants

Segment Financials

Components — Selling Expense

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Distribution — Segment EBITDA

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Power Systems — Selling Expense

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Engine — Segment EBITDA

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Engine — Interest Income, Operating and Nonoperating

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Engine — General and Administrative Expense

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Power Systems — Segment EBITDA

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Power Systems — Interest Income, Operating and Nonoperating

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Accelera — Segment EBITDA

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Accelera — Interest Income, Operating and Nonoperating

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Accelera — Net assets

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Business Overview

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.

Geographies

North America, China, Europe, India, Latin America, Asia Pacific, Africa, Middle East

Customer Segments

Original Equipment Manufacturers, Commercial Fleet Operators, Industrial Enterprises, Government and Defense

Upstream Dependencies

Raw material suppliers, Electronic component manufacturers, Casting and forging suppliers, Specialized chemical providers for aftertreatment

Downstream Customers

Commercial truck OEMs, Construction and agricultural equipment OEMs, Data center operators, Independent distributors and dealers

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Cummins FAQ

Common questions about Cummins

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.

Cummins (CMI) has a market capitalization of $88.3B and trades on NYSE.

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.

Cummins's key competitors include Caterpillar Inc., TransDigm Group Incorporated, Eaton Corporation, plc Ordinary Shares, and others. These companies compete in similar markets and product categories.

Cummins has approximately 75,500 employees.