Cummins Engine — CapEx remained flat by 0.0% to $129.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.8%, from $139.00M to $129.50M. Over 3 years (FY 2022 to FY 2025), Engine — CapEx shows an upward trend with a 12.1% CAGR.
Higher spending signals confidence in future demand and investment in modernization, while lower spending may indicate a focus on cash preservation.
This represents the cash spent by the Engine segment to acquire, upgrade, or maintain physical assets such as property,...
Capital expenditure levels are typically benchmarked against depreciation to determine if the segment is growing or merely maintaining its asset base.
cmi_segment_engine_capital_expenditures| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $368.00M | $538.00M | $556.00M | $518.00M |
| YoY Change | — | +46.2% | +3.3% | -6.8% |