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Cummins CMI Distribution — CapEx

Other segment segments

Engine
$518M-6.8%
Components
$336M-0.9%
Power Systems
$222M+55.2%
Accelera
$32M-45.8%

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PATKDistribution — Consolidated capital expenditures
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BCCBuilding Materials Distribution — CapEx
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FELEDistribution — Capital Expenditures Incurred In Year, Paid and Not Paid
$3.7M+118%
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TWINDistribution — Segment Expenditure Addition To Long Lived Assets
$488K+133%
BLD
BLDDistribution — Segment Expenditure Addition To Long Lived Assets
$4.37M+33.9%

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 distribution — capex?
Cummins (CMI) reported distribution — capex of $31.75M in Q4 2025.
How has Cummins's distribution — capex changed year-over-year?
Cummins's distribution — capex increased by 14.4% year-over-year, from $27.75M to $31.75M.
What is the long-term trend for Cummins's distribution — capex?
Over 3 years (2022 to 2025), Cummins's distribution — capex has grown at a 3.7% compound annual growth rate (CAGR), from $114M to $127M.
What does distribution — capex mean?
This metric represents the total cash outflows used by the Distribution segment to acquire, upgrade, and maintain physical assets such as property, plants, equipment, and technology infrastructure. It reflects the segment's ongoing investment in its operational capacity, service network, and long-term growth initiatives. Monitoring this figure helps investors assess the capital intensity required to support the segment's revenue generation and service capabilities.