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Cummins CMI Guarantor Obligations - Maximum Exposure

Guarantor Obligations - Maximum Exposure at other companies

Caterpillar logo
CaterpillarCAT
$458M+24.5%
Kirby Corporation logo
Kirby CorporationKEX
$31.1M+13.5%

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$88.69B+66.3%
Enterprise value$92.71B+55.9%
P/E31.8×+14.4×
P/S2.6×+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
Debt / equity0.6×-0.2×
Current ratio1.7×+0.1×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:GuaranteeObligationsMaximumExposure.

The source filing: Cummins’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 12:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000026172-26-000016

Periodically, we enter into guarantee arrangements, including guarantees of non-U.S. distributor financings, residual value guarantees on equipment under operating leases and other miscellaneous guarantees of joint ventures or third-party obligations. At March 31, 2026, the maximum potential loss related to these guarantees was $46 million.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's guarantor obligations - maximum exposure?
Cummins (CMI) reported guarantor obligations - maximum exposure of $46M in Q1 2026.
How has Cummins's guarantor obligations - maximum exposure changed year-over-year?
Cummins's guarantor obligations - maximum exposure increased by 2.2% year-over-year, from $45M to $46M.

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