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Cummins CMI Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$8.3BBeat by $327.9M
EPS$5.59Beat by $0.76
Revenue estimate$8.0B
EPS estimate$4.83

Next report

Nov 5, 2026 (in a month)
Revenue estimate$9.8B
EPS estimate$8.21

Financials

Q3 2025

Income statement

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Revenue$8.3B-1.6%
Gross profit$2.1B-1.9%
Operating income$852.0M-18.9%
Net income$559.0M-33.7%
EPS (diluted)$3.86-34.1%

Balance sheet

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Cash & equivalents$2.6B+48.1%
Total debt$8.0B+20.6%
Total equity$12.1B+17.0%
Total assets$33.6B+4.9%

Cash flow

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Operating cash flow$1.3B+104%
CapEx$298.0M+15.1%
Free cash flow$1.0B+164%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$58.2B+31.1%
Enterprise value$63.59B+29.1%
P/E20.9×—
P/S1.7×+0.4×

Profitability

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Gross margin25.6%+1.0pp
Operating margin11.7%—
Net margin8.3%—
FCF margin6.8%+5.8pp

Returns & leverage

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Return on equity24.9%—
Debt / equity0.7×0.0×
Current ratio1.8×+0.4×

Segments

By product

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Parts$1.0B+1.4%
Drivetrain and braking systems$916.0M-19.0%
Emission solutions$702.0M-7.5%
Power generation$623.0M+24.8%
Light-duty automotive$583.0M+45.8%

By segment

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Distribution$3.2B+7.5%
Engine$2.6B-10.6%
Components$2.3B-14.5%
Power Systems$2.0B+18.3%
Accelera$121.0M+10.0%

By geography

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North America$2.2B+13.0%
Asia Pacific$311.0M-9.1%
Europe$273.0M-11.1%
Latin America$98.0M+38.0%
Africa and Middle East$74.0M-7.5%

FAQ

When did Cummins report Q3 2025 earnings?
Cummins (CMI) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Cummins's Q3 2025 revenue and EPS?
Cummins reported revenue of $8.3B and eps of $5.59 for Q3 2025.
Did Cummins beat estimates in Q3 2025?
Revenue beat the consensus estimate of $8.0B by $327.9M. EPS beat the consensus estimate of $4.83 by $0.76.
How did Cummins's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.6% from $8.5B a year earlier and eps declined 4.6% from $5.86.
Where can I find Cummins's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000026172-25-000036) and the 10-Q periodic report (0000026172-25-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.