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Cummins CMI Power Systems — Net Sales

Other segment segments

Distribution
$3.12B+7.2%
Engine
$2.67B-3.6%
Components
$2.53B-5.2%
Accelera
$101M-1.9%

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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$91.71B+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

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's power systems — net sales?
Cummins (CMI) reported power systems — net sales of $1.96B in Q1 2026.
How has Cummins's power systems — net sales changed year-over-year?
Cummins's power systems — net sales increased by 18.6% year-over-year, from $1.65B to $1.96B.
What is the long-term trend for Cummins's power systems — net sales?
Over 4 years (2021 to 2025), Cummins's power systems — net sales has grown at a 14.0% compound annual growth rate (CAGR), from $4.42B to $7.46B.
What does power systems — net sales mean?
Net sales for the Power Systems segment reflects the total revenue recognized after accounting for returns, allowances, and discounts. It serves as the primary top-line performance measure for the segment's operational scale. This metric is essential for evaluating the segment's contribution to the overall corporate revenue stream.