What is Cummins's deferred taxes?

Cummins (CMI) reported deferred taxes of -$12M in Q1 2026.

How has Cummins's deferred taxes changed year-over-year?

Cummins's deferred taxes increased by 52.0% year-over-year, from -$25M to -$12M.

What is the long-term trend for Cummins's deferred taxes?

Over 3 years (2022 to 2025), Cummins's deferred taxes has grown at a -32.0% compound annual growth rate (CAGR), from -$274M to $86M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Cummins CMI Deferred Taxes

Deferred Taxes at other companies

CaterpillarCAT

$534M+1,505%

Donaldson CompanyDCI

-$1.5M+74.6%

Allison Transmission HoldingsALSN

-$1M+50.0%

Generac HoldingsGNRC

$3.75M+190%

Garrett Motion Inc.GTX

$5M-16.7%

PaccarPCAR

-$159M-3,280%

Other financials

Income statement

See full

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$98.42B+104%

Enterprise value$103.83B+90.4%

P/E35.3×+19.6×

P/S2.9×+1.5×

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

See full

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:DeferredIncomeTaxesAndTaxCredits.

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 deferred taxes?: Cummins (CMI) reported deferred taxes of -$12M in Q1 2026.
How has Cummins's deferred taxes changed year-over-year?: Cummins's deferred taxes increased by 52.0% year-over-year, from -$25M to -$12M.
What is the long-term trend for Cummins's deferred taxes?: Over 3 years (2022 to 2025), Cummins's deferred taxes has grown at a -32.0% compound annual growth rate (CAGR), from -$274M to $86M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.