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Cummins CMI Engine Components and Software [CBU business] — Net Sales

Other product segments

Parts
$1.06B+3.6%
Drivetrain and braking systems
$918M-13.1%
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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$32.54M-0.7%

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:Revenues.

The source filing: Cummins’s 10-K, filed February 10, 2026.

Filed
Feb 10, 2026, 3:11 PM EST
Fiscal year
FY2025
Accession
0000026172-26-000009
In millionsYears ended December 31, 2025Years ended December 31, 2024Years ended December 31, 2023
Drivetrain and braking systems$3,983$4,731$4,822
Emission solutions3,0343,1803,425
Components and software1,2031,1061,225
Automated transmissions423588714
Atmus2891,345
Total sales$8,643$9,894$11,531
(1) Included sales through the March 18, 2024, divestiture. See NOTE 21, “ATMUS DIVESTITURE,” for additional information.

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is Cummins's engine components and software [CBU business] — net sales?
Cummins (CMI) reported engine components and software [CBU business] — net sales of $300.75M in Q4 2025.
How has Cummins's engine components and software [CBU business] — net sales changed year-over-year?
Cummins's engine components and software [CBU business] — net sales increased by 8.8% year-over-year, from $276.5M to $300.75M.
What is the long-term trend for Cummins's engine components and software [CBU business] — net sales?
Over 3 years (2022 to 2025), Cummins's engine components and software [CBU business] — net sales has grown at a 5.3% compound annual growth rate (CAGR), from $1.03B to $1.2B.
What does engine components and software [CBU business] — net sales mean?
This metric represents the total revenue generated from the sale of specialized engine components, software solutions, and related powertrain technologies within the designated business unit. It reflects the market demand for the company's proprietary hardware and digital integration tools that support heavy-duty engine performance and efficiency. This revenue stream is a critical indicator of the company's ability to monetize its technological intellectual property beyond complete engine assemblies.

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