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Cummins CMI Debt-to-equity

Debt-to-equity at other companies

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CaterpillarCAT
1.7×+0.1×
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Donaldson CompanyDCI
0.4×-0.1×
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BorgWarnerBWA
0.7×0.0×
Allison Transmission Holdings logo
Allison Transmission HoldingsALSN
2.3×+0.9×
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Generac HoldingsGNRC
-0.5×
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HyliionHYLN
0.0×

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$87.51B+75.7%
Enterprise value$91.53B+63.6%
P/E31.4×+15.1×
P/S2.5×+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
Current ratio1.7×+0.1×

Where this comes from

Calculated from Cummins’s reported figures.

Based on the most recent quarter.

The source filing: Cummins’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 7:58 AM EDT
Accession
0000026172-26-000026

FAQ

What is Cummins's debt-to-equity?
Cummins (CMI) reported debt-to-equity of 0.6× in Q2 2026.
How has Cummins's debt-to-equity changed year-over-year?
Cummins's debt-to-equity decreased by 22.0% year-over-year, from 0.7× to 0.6×.
What is the long-term trend for Cummins's debt-to-equity?
Over 5 years (2020 to 2025), Cummins's debt-to-equity has grown at a 3.3% compound annual growth rate (CAGR), from 0.5× to 0.6×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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