What is Cummins's engine — goodwill, impairment loss?

Cummins (CMI) reported engine — goodwill, impairment loss of $0 in Q4 2025.

What does engine — goodwill, impairment loss mean?

This metric represents a non-cash charge taken when the carrying value of the engine segment's goodwill exceeds its implied fair value. It indicates that the assets acquired in past transactions are not generating the expected economic benefits. This is a critical indicator of potential overpayment for past acquisitions or deteriorating business conditions.

Cummins CMI Engine — Goodwill, Impairment Loss

Other segment segments

Components

$0—

Distribution

$0—

Power Systems

$0—

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CSWEngineered Building Solutions — Goodwill, Impairment Loss

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BCPropulsion — Goodwill, Impairment Loss

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STAutomotive — Goodwill, Impairment Loss

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TLSImpairment loss on intangible assets — Goodwill impairment

$3.73M—

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$91.33B+78.8%

Enterprise value$96.74B+69.1%

P/E32.8×+16.1×

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:GoodwillImpairmentLoss.

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 engine — goodwill, impairment loss?: Cummins (CMI) reported engine — goodwill, impairment loss of $0 in Q4 2025.
What does engine — goodwill, impairment loss mean?: This metric represents a non-cash charge taken when the carrying value of the engine segment's goodwill exceeds its implied fair value. It indicates that the assets acquired in past transactions are not generating the expected economic benefits. This is a critical indicator of potential overpayment for past acquisitions or deteriorating business conditions.