Business Segments · Research and Development Expense
Components — Research and Development Expense
Cummins Components — Research and Development Expense decreased by 17.1% to $58.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 25.6%, from $78.00M to $58.00M. Over 4 years (FY 2021 to FY 2025), Components — Research and Development Expense shows relatively stable performance with a -2.3% CAGR.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2025
Rolls up toR&D
How to read this metric
Higher spending indicates a focus on future growth and product differentiation, whereas lower spending may signal a focus on short-term margin preservation.
Detailed definition
This captures the investment made by the segment into the design, development, and improvement of products, technologies...
Peer comparison
Standard R&D expenditure for capital-intensive manufacturing firms.
Metric ID:
cmi_segment_components_research_and_development_expenseHistorical Data
19 periods
| 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 | $79.00M | $78.00M | $75.00M | $76.00M | $73.00M | $87.00M | $73.00M | $91.00M | $103.00M | $93.00M | $100.00M | $84.00M | $81.00M | $85.00M | $78.00M | $75.00M | $77.00M | $70.00M | $58.00M |
| QoQ Change | — | -1.3% | -3.8% | +1.3% | -3.9% | +19.2% | -16.1% | +24.7% | +13.2% | -9.7% | +7.5% | -16.0% | -3.6% | +4.9% | -8.2% | -3.8% | +2.7% | -9.1% | -17.1% |
| YoY Change | — | — | — | — | -7.6% | +11.5% | -2.7% | +19.7% | +41.1% | +6.9% | +37.0% | -7.7% | -21.4% | -8.6% | -22.0% | -10.7% | -4.9% | -17.6% | -25.6% |
Range$58.00M – $103.00M
CAGR-6.6%
Avg YoY Growth-0.8%
Median YoY Growth-7.6%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Cummins's components — research and development expense?
- Cummins (CMI) reported components — research and development expense of $58.00M in Q4 2025.
- How has Cummins's components — research and development expense changed year-over-year?
- Cummins's components — research and development expense decreased by 25.6% year-over-year, from $78.00M to $58.00M.
- What is the long-term trend for Cummins's components — research and development expense?
- Over 4 years (2021 to 2025), Cummins's components — research and development expense has grown at a -2.3% compound annual growth rate (CAGR), from $307.00M to $280.00M.
- What does components — research and development expense mean?
- The total spending on innovation and product development within the segment.