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Cummins CMI North America — NET SALES (Notes 1 and 2)

Other geography segments

Asia Pacific
$327M+36.3%
Europe
$303M+12.6%
Africa and Middle East
$56M—
Latin America
$51M+2.0%

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$89.52B+70.2%
Enterprise value$93.53B+59.3%
P/E32.1×+14.9×
P/S2.6×+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
North America$2,168$2,099
Asia Pacific327240
Europe303269
China120113
India8472
Africa and Middle East5659
Latin America5150
Total sales$3,109$2,902

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's north america — NET SALES (notes 1 and 2)?
Cummins (CMI) reported north america — NET SALES (notes 1 and 2) of $2.17B in Q1 2026.
How has Cummins's north america — NET SALES (notes 1 and 2) changed year-over-year?
Cummins's north america — NET SALES (notes 1 and 2) increased by 3.3% year-over-year, from $2.1B to $2.17B.
What is the long-term trend for Cummins's north america — NET SALES (notes 1 and 2)?
Over 4 years (2021 to 2025), Cummins's north america — NET SALES (notes 1 and 2) has grown at a 15.2% compound annual growth rate (CAGR), from $4.9B to $8.62B.

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