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Cummins CMI Drivetrain and braking systems — Net Sales

Other product segments

Engine Components and Software [CBU business]
$1.2B+8.8%
Parts
$1.06B+3.6%
Emission solutions
$807M+2.0%
Power generation
$640M+43.8%
Medium-duty truck and bus
$613M-12.4%
Heavy-duty truck
$563M-13.9%
Light-duty automotive
$448M+5.4%
Service
$433M+4.1%
Engines
$342M-7.6%
Off-highway
$342M+31.0%
Components and software
$325M+6.2%
Industrial
$293M+3.2%
Generator technologies
$160M+11.9%
Automated transmissions
$88M-24.8%
Atmus - Filtration (CBU business)
$0-100%

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Other financials

Income statement

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Revenue$9.5B+9.4%
Gross profit$2.5B+8.1%
Operating income$1.3B+4.3%
Net income$932.0M+0.4%
EPS (diluted)$6.73+4.7%

Balance sheet

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Cash & equivalents$3.2B+37.1%
Total debt$7.2B-15.0%
Total equity$12.8B+9.0%
Total assets$35.6B+4.0%

Cash flow

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Operating cash flow$1.5B+91.0%
CapEx$249.0M+7.8%
Free cash flow$1.3B+126%

Valuation

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Market cap$87.51B+75.7%
Enterprise value$91.53B+63.6%
P/E31.4×+15.1×
P/S2.5×+1.0×

Profitability

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Gross margin25.3%-0.3pp
Operating margin11.2%-1.1pp
Net margin8%-1.1pp
FCF margin9.7%+4.8pp

Returns & leverage

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Return on equity22.7%-6.1pp
Debt / equity0.6×-0.2×
Current ratio1.7×+0.1×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Cummins’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 12:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000026172-26-000016
In millionsThree months ended / March 31, 2026Three months ended / March 31, 2025
Drivetrain and braking systems$918$1,056
Emission solutions807791
Components and software325306
Automated transmissions88117
Total sales$2,138$2,270

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's drivetrain and braking systems — net sales?
Cummins (CMI) reported drivetrain and braking systems — net sales of $918M in Q1 2026.
How has Cummins's drivetrain and braking systems — net sales changed year-over-year?
Cummins's drivetrain and braking systems — net sales decreased by 13.1% year-over-year, from $1.06B to $918M.
What is the long-term trend for Cummins's drivetrain and braking systems — net sales?
Over 3 years (2022 to 2025), Cummins's drivetrain and braking systems — net sales has grown at a 28.5% compound annual growth rate (CAGR), from $1.88B to $3.98B.
What does drivetrain and braking systems — net sales mean?
This metric represents the total revenue generated from the sale of drivetrain and braking system components within the specified business unit. It reflects the market demand for critical powertrain and safety-related hardware used in commercial and industrial vehicle applications. Changes in this figure indicate the segment's ability to capture market share and maintain pricing power within the heavy-duty vehicle component sector.

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