What is Cummins's income tax?

Cummins (CMI) reported income tax of $254M in Q1 2026.

How has Cummins's income tax changed year-over-year?

Cummins's income tax decreased by 4.9% year-over-year, from $267M to $254M.

What is the long-term trend for Cummins's income tax?

Over 4 years (2021 to 2025), Cummins's income tax has grown at a 14.4% compound annual growth rate (CAGR), from $587M to $1.01B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Cummins CMI Income Tax

Income Tax at other companies

CaterpillarCAT

$670M+16.7%

Donaldson CompanyDCI

$36.7M+25.7%

Allison Transmission HoldingsALSN

$20M-51.2%

Garrett Motion Inc.GTX

$23M0.0%

PhiniaPHIN

$20M-16.7%

PaccarPCAR

$171M+23.9%

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

See full

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$100.4B+132%

Enterprise value$105.81B+120%

P/E36×+21.0×

P/S3×+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

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:IncomeTaxExpenseBenefit.

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 income tax?: Cummins (CMI) reported income tax of $254M in Q1 2026.
How has Cummins's income tax changed year-over-year?: Cummins's income tax decreased by 4.9% year-over-year, from $267M to $254M.
What is the long-term trend for Cummins's income tax?: Over 4 years (2021 to 2025), Cummins's income tax has grown at a 14.4% compound annual growth rate (CAGR), from $587M to $1.01B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.