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Cummins CMI Heavy-duty truck — Net Sales

Other product segments

Engine Components and Software [CBU business]
$1.2B+8.8%
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%
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
Heavy-duty truck$563$654
Medium-duty truck and bus613700
Light-duty automotive448425
Total on-highway1,6241,779
Off-highway342261
Total sales$1,966$2,040

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's heavy-duty truck — net sales?
Cummins (CMI) reported heavy-duty truck — net sales of $563M in Q1 2026.
How has Cummins's heavy-duty truck — net sales changed year-over-year?
Cummins's heavy-duty truck — net sales decreased by 13.9% year-over-year, from $654M to $563M.
What is the long-term trend for Cummins's heavy-duty truck — net sales?
Over 4 years (2021 to 2025), Cummins's heavy-duty truck — net sales has grown at a 0.3% compound annual growth rate (CAGR), from $2.51B to $2.54B.
What does heavy-duty truck — net sales mean?
This metric represents the total revenue generated from the sale of engines and related powertrain components specifically designed for the heavy-duty truck market. It serves as a primary indicator of demand within the commercial vehicle sector and reflects the company's competitive positioning against original equipment manufacturers who may also produce their own engines. Changes in this figure highlight shifts in fleet replacement cycles, regulatory impacts on emissions, and overall industrial economic health.

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