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Cummins CMI Components — Cost of Product and Service Sold

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$2.46B+5.6%
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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:CostOfGoodsAndServicesSold.

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 components — cost of product and service sold?
Cummins (CMI) reported components — cost of product and service sold of $2.02B in Q1 2026.
How has Cummins's components — cost of product and service sold changed year-over-year?
Cummins's components — cost of product and service sold decreased by 5.4% year-over-year, from $2.14B to $2.02B.
What is the long-term trend for Cummins's components — cost of product and service sold?
Over 3 years (2022 to 2025), Cummins's components — cost of product and service sold has grown at a 1.7% compound annual growth rate (CAGR), from $7.73B to $8.14B.
What does components — cost of product and service sold mean?
This metric includes all direct costs associated with manufacturing and delivering the products and services sold by the Components segment. It encompasses raw materials, direct labor, and manufacturing overhead. It is the primary driver of the segment's gross margin and operational efficiency.