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Cummins CMI Free cash flow

Free cash flow at other companies

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Other financials

Income statement

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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%

Valuation

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Market cap$100.4B+132%
Enterprise value$105.81B+120%
P/E36×+21.0×
P/S+1.7×

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

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Return on equity23.9%-5.0pp
Debt / equity0.6×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Calculated from Cummins’s reported figures.

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 free cash flow?
Cummins (CMI) reported free cash flow of $120M in Q1 2026.
How has Cummins's free cash flow changed year-over-year?
Cummins's free cash flow increased by 172.7% year-over-year, from -$165M to $120M.
What is the long-term trend for Cummins's free cash flow?
Over 4 years (2021 to 2025), Cummins's free cash flow has grown at a 11.9% compound annual growth rate (CAGR), from $1.52B to $2.39B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.