What is Cummins's change in inventories?

Cummins (CMI) reported change in inventories of $333M in Q1 2026.

How has Cummins's change in inventories changed year-over-year?

Cummins's change in inventories increased by 0.6% year-over-year, from $331M to $333M.

What is the long-term trend for Cummins's change in inventories?

Over 2 years (2021 to 2023), Cummins's change in inventories has grown at a -100.0% compound annual growth rate (CAGR), from $945M to $0.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Cummins CMI Change in Inventories

Change in Inventories at other companies

CaterpillarCAT

$1.5B+51.6%

Donaldson CompanyDCI

$8.05M-50.9%

Allison Transmission HoldingsALSN

-$46M-235%

Generac HoldingsGNRC

-$13.93M-124%

Garrett Motion Inc.GTX

-$17M+32.0%

HyliionHYLN

$1.92M—

Other financials

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

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Market cap$98.42B+104%

Enterprise value$103.83B+90.4%

P/E35.3×+19.6×

P/S2.9×+1.5×

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×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's change in inventories?: Cummins (CMI) reported change in inventories of $333M in Q1 2026.
How has Cummins's change in inventories changed year-over-year?: Cummins's change in inventories increased by 0.6% year-over-year, from $331M to $333M.
What is the long-term trend for Cummins's change in inventories?: Over 2 years (2021 to 2023), Cummins's change in inventories has grown at a -100.0% compound annual growth rate (CAGR), from $945M to $0.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.