Free cash flow
Cummins Free cash flow decreased by 1.7% to $990.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.2%, from $882.00M to $990.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 11.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $491.00M | $419.00M | $360.00M | $60.00M | $452.00M | $180.00M | $354.00M | $302.00M | $262.00M | $1.25B | $940.00M | $107.00M | -$1.09B | $381.00M | $882.00M | -$165.00M | $554.00M | $1.01B | $990.00M |
| QoQ Change | — | -14.7% | -14.1% | -83.3% | +653.3% | -60.2% | +96.7% | -14.7% | -13.2% | +376.7% | -24.7% | -88.6% | <-999% | +134.9% | +131.5% | -118.7% | +435.8% | +81.8% | -1.7% |
| YoY Change | — | — | — | — | -7.9% | -57.0% | -1.7% | +403.3% | -42.0% | +593.9% | +165.5% | -64.6% | -516.4% | -69.5% | -6.2% | -254.2% | +150.8% | +164.3% | +12.2% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Cummins's free cash flow?
- Cummins (CMI) reported free cash flow of $990.00M in Q4 2025.
- How has Cummins's free cash flow changed year-over-year?
- Cummins's free cash flow increased by 12.2% year-over-year, from $882.00M to $990.00M.
- What is the long-term trend for Cummins's free cash flow?
- Over 4 years (2021 to 2025), Cummins's free cash flow has grown at a 11.9% compound annual growth rate (CAGR), from $1.52B to $2.39B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.