What is Cummins's engine — net assets?

Cummins (CMI) reported engine — net assets of $2.52B in Q4 2025.

How has Cummins's engine — net assets changed year-over-year?

Cummins's engine — net assets increased by 21.4% year-over-year, from $2.08B to $2.52B.

What does engine — net assets mean?

This represents the total assets of the Engine segment minus its total liabilities, reflecting the net capital employed to run the business. It is a measure of the segment's scale and the capital intensity required to sustain its operations.

Cummins CMI Engine — Net assets

Other segment segments

Components

$6.82B+6.0%

Distribution

$3.6B+14.3%

Power Systems

$2.7B+14.7%

Accelera

$944M-23.5%

Similar metrics at other companies

BCEngine Parts and Accessories — Total Assets

$943.9M+2.4%

HWMEngine Products — Total Assets

$5.7B+7.9%

HXLEngineered Products — Total Assets

$596.2M+10.1%

APTVEngineered Components — Total Assets

$10.38B—

RCMTEngineering — Total Assets

$64.29M+35.4%

ACAEngineered Structures — Total Assets

$1.26B+0.3%

Other financials

Income statement

See full

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

See full

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

See full

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:AssetsNet.

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 — net assets?: Cummins (CMI) reported engine — net assets of $2.52B in Q4 2025.
How has Cummins's engine — net assets changed year-over-year?: Cummins's engine — net assets increased by 21.4% year-over-year, from $2.08B to $2.52B.
What does engine — net assets mean?: This represents the total assets of the Engine segment minus its total liabilities, reflecting the net capital employed to run the business. It is a measure of the segment's scale and the capital intensity required to sustain its operations.