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Cummins CMI Power Systems — Selling Expense

Other segment segments

Distribution
$164M+4.5%
Engine
$69M+16.9%
Components
$47M+14.6%
Accelera
$6M-14.3%

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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$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:SellingExpense.

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 millions / Three months ended March 31, 2026EngineComponentsDistributionPower SystemsAcceleraTotal Segments
Total sales2,6722,5303,1161,95610110,375
Cost of goods sold (excluding warranty expenses)2,0742,0242,4631,2281217,910
Warranty expenses932771713157
Selling expenses6947164486334
Administrative expenses16213410410110511
Research, development and engineering expenses16481156632358
Equity, royalty and interest income (loss) from investees80102836(6)148
Other income (expense) (1)17(18)189(199)(173)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's power systems — selling expense?
Cummins (CMI) reported power systems — selling expense of $48M in Q1 2026.
How has Cummins's power systems — selling expense changed year-over-year?
Cummins's power systems — selling expense increased by 4.3% year-over-year, from $46M to $48M.
What is the long-term trend for Cummins's power systems — selling expense?
Over 3 years (2022 to 2025), Cummins's power systems — selling expense has grown at a 5.0% compound annual growth rate (CAGR), from $147M to $170M.
What does power systems — selling expense mean?
Selling expenses for the Power Systems segment include costs related to marketing, sales force compensation, and distribution efforts. These costs are essential for maintaining market share and driving new business growth. Investors analyze this to understand the efficiency of the segment's sales and marketing engine.

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