Royalty — Revenue
Cummins Royalty — 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), Royalty — Revenue shows an upward trend with a 8.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests stronger market adoption of the company's proprietary technology and successful monetization of R&D, while a decrease may indicate expiring patents or a shift in industry reliance on the company's designs.
Detailed definition
This metric represents the revenue generated from licensing intellectual property, proprietary technology, or patented d...
Peer comparison
Comparable to technology licensing fees or royalty income streams found in other capital-intensive manufacturing firms with significant patent portfolios.
cmi_segment_royalty_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 royalty — revenue?
- Cummins (CMI) reported royalty — revenue of $8.54B in Q4 2025.
- How has Cummins's royalty — revenue changed year-over-year?
- Cummins's royalty — revenue increased by 1.1% year-over-year, from $8.45B to $8.54B.
- What is the long-term trend for Cummins's royalty — revenue?
- Over 4 years (2021 to 2025), Cummins's royalty — revenue has grown at a 8.8% compound annual growth rate (CAGR), from $24.02B to $33.67B.
- What does royalty — revenue mean?
- Revenue earned from licensing the company's patented technology and intellectual property to other businesses.