Intersegment Elimination — Revenue
Cummins Intersegment Elimination — Revenue increased by 2.6% to $8.54B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.1%, from $8.45B to $8.54B. Over 4 years (FY 2021 to FY 2025), Intersegment Elimination — Revenue shows an upward trend with a 8.8% CAGR.
Analysis
How to read this metric
An increase in the magnitude of eliminations typically indicates higher levels of vertical integration or increased internal supply chain activity between business segments. Conversely, a decrease may suggest a shift toward external sourcing or changes in the internal transfer pricing structure.
Detailed definition
This metric represents the revenue adjustments made to remove transactions between different business segments within th...
Peer comparison
Most large, vertically integrated industrial manufacturers report similar intersegment eliminations to reconcile consolidated revenue, though the magnitude varies based on the degree of internal component sourcing.
cmi_segment_intersegment_eliminations_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.11B | $5.97B | $5.85B | $6.39B | $6.59B | $7.33B | $7.77B | $8.45B | $8.64B | $8.43B | $8.54B | $8.40B | $8.80B | $8.46B | $8.45B | $8.17B | $8.64B | $8.32B | $8.54B |
| QoQ Change | — | -2.3% | -2.0% | +9.1% | +3.1% | +11.3% | +6.0% | +8.8% | +2.2% | -2.4% | +1.3% | -1.6% | +4.7% | -3.9% | -0.1% | -3.2% | +5.7% | -3.8% | +2.6% |
| YoY Change | — | — | — | — | +7.8% | +22.9% | +32.8% | +32.4% | +31.2% | +15.0% | +9.9% | -0.6% | +1.8% | +0.3% | -1.1% | -2.7% | -1.7% | -1.6% | +1.1% |
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Frequently Asked Questions
- What is Cummins's intersegment elimination — revenue?
- Cummins (CMI) reported intersegment elimination — revenue of $8.54B in Q4 2025.
- How has Cummins's intersegment elimination — revenue changed year-over-year?
- Cummins's intersegment elimination — revenue increased by 1.1% year-over-year, from $8.45B to $8.54B.
- What is the long-term trend for Cummins's intersegment elimination — revenue?
- Over 4 years (2021 to 2025), Cummins's intersegment elimination — revenue has grown at a 8.8% compound annual growth rate (CAGR), from $24.02B to $33.67B.
- What does intersegment elimination — revenue mean?
- The revenue amount subtracted to remove internal sales between company business units to avoid double-counting.