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Cummins CMI Net debt / EBITDA

Net debt / EBITDA at other companies

Caterpillar logo
CaterpillarCAT
+0.3×
Donaldson Company logo
Donaldson CompanyDCI
0.6×-0.3×
BorgWarner logo
BorgWarnerBWA
1.3×-0.5×
Allison Transmission Holdings logo
Allison Transmission HoldingsALSN
4.1×+2.6×
Garrett Motion Inc. logo
Garrett Motion Inc.GTX
1.9×-0.3×
Paccar logo
PaccarPCAR
0.0×

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
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

Calculated from Cummins’s reported figures.

Based on the most recent quarter.

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

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

FAQ

What is Cummins's net debt / EBITDA?
Cummins (CMI) reported net debt / EBITDA of 1.1× in Q1 2026.
How has Cummins's net debt / EBITDA changed year-over-year?
Cummins's net debt / EBITDA increased by 12.3% year-over-year, from 1× to 1.1×.
What is the long-term trend for Cummins's net debt / EBITDA?
Over 4 years (2020 to 2025), Cummins's net debt / EBITDA has grown at a 31.0% compound annual growth rate (CAGR), from 0.3× to 1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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