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Cummins CMI Free cash flow margin

Free cash flow margin at other companies

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CaterpillarCAT
14.3%+0.1pp
Donaldson Company logo
Donaldson CompanyDCI
10.3%+2.1pp
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BorgWarnerBWA
8.5%+1.5pp
Allison Transmission Holdings logo
Allison Transmission HoldingsALSN
16.7%-3.6pp
Generac Holdings logo
Generac HoldingsGNRC
8.5%-3.0pp
Garrett Motion Inc. logo
Garrett Motion Inc.GTX
9.7%+0.2pp

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

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

Calculated from Cummins’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Cummins (CMI) reported free cash flow margin of 9.7% in Q2 2026.
How has Cummins's free cash flow margin changed year-over-year?
Cummins's free cash flow margin increased by 98.0% year-over-year, from 4.9% to 9.7%.
What is the long-term trend for Cummins's free cash flow margin?
Over 5 years (2020 to 2025), Cummins's free cash flow margin has grown at a -9.3% compound annual growth rate (CAGR), from 11.6% to 7.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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