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Cummins CMI Accelera — CapEx

Other segment segments

Engine
$518M-6.8%
Components
$336M-0.9%
Power Systems
$222M+55.2%
Distribution
$127M+14.4%

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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$91.71B+79.6%
Enterprise value$97.13B+69.8%
P/E32.9×+16.3×
P/S2.7×+1.2×

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:SegmentExpenditureAdditionToLongLivedAssets.

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

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Questions, answered.

What is Cummins's accelera — capex?
Cummins (CMI) reported accelera — capex of $8M in Q4 2025.
How has Cummins's accelera — capex changed year-over-year?
Cummins's accelera — capex decreased by 45.8% year-over-year, from $14.75M to $8M.
What is the long-term trend for Cummins's accelera — capex?
Over 4 years (2021 to 2025), Cummins's accelera — capex has grown at a -3.6% compound annual growth rate (CAGR), from $37M to $32M.
What does accelera — capex mean?
Reflects the cash spent by the segment to acquire, upgrade, or maintain physical assets such as property, plants, and equipment. This is a critical indicator of the segment's future growth potential and its commitment to maintaining operational capacity. It highlights the level of reinvestment into the business.