Business Segments · Research and Development Expense
Power Systems — Research and Development Expense
Cummins Power Systems — Research and Development Expense increased by 4.8% to $65.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.1%, from $56.00M to $65.00M. Over 4 years (FY 2021 to FY 2025), Power Systems — Research and Development Expense shows relatively stable performance with a 2.0% CAGR.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ4 2025
Rolls up toR&D
How to read this metric
Higher spending indicates a focus on innovation and future growth, while lower spending might suggest a focus on short-term profitability or a mature product cycle.
Detailed definition
Captures the investment made by the Power Systems segment into the design, development, and improvement of engines, powe...
Peer comparison
Comparable to R&D spending in industrial engineering and power equipment sectors.
Metric ID:
cmi_segment_power_systems_research_and_development_expenseHistorical Data
19 periods
| 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 | $60.00M | $55.00M | $62.00M | $64.00M | $58.00M | $62.00M | $56.00M | $63.00M | $66.00M | $60.00M | $48.00M | $60.00M | $63.00M | $57.00M | $56.00M | $57.00M | $69.00M | $62.00M | $65.00M |
| QoQ Change | — | -8.3% | +12.7% | +3.2% | -9.4% | +6.9% | -9.7% | +12.5% | +4.8% | -9.1% | -20.0% | +25.0% | +5.0% | -9.5% | -1.8% | +1.8% | +21.1% | -10.1% | +4.8% |
| YoY Change | — | — | — | — | -3.3% | +12.7% | -9.7% | -1.6% | +13.8% | -3.2% | -14.3% | -4.8% | -4.5% | -5.0% | +16.7% | -5.0% | +9.5% | +8.8% | +16.1% |
Range$48.00M – $69.00M
CAGR+1.8%
Avg YoY Growth+1.7%
Median YoY Growth-3.2%
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Frequently Asked Questions
- What is Cummins's power systems — research and development expense?
- Cummins (CMI) reported power systems — research and development expense of $65.00M in Q4 2025.
- How has Cummins's power systems — research and development expense changed year-over-year?
- Cummins's power systems — research and development expense increased by 16.1% year-over-year, from $56.00M to $65.00M.
- What is the long-term trend for Cummins's power systems — research and development expense?
- Over 4 years (2021 to 2025), Cummins's power systems — research and development expense has grown at a 2.0% compound annual growth rate (CAGR), from $234.00M to $253.00M.
- What does power systems — research and development expense mean?
- The amount spent on developing new products and improving existing technologies within the Power Systems segment.