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Cummins CMI Prepaid pension assets

Prepaid pension assets at other companies

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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$87.39B+63.9%
Enterprise value$91.41B+53.7%
P/E31.3×+13.9×
P/S2.5×+0.9×

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:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent.

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
In millions, except par valueMarch 31,2026December 31,2025
Investments and advances related to equity method investees2,2212,133
Goodwill2,2192,224
Other intangible assets, net2,1932,167
Pension assets1,0011,033
Other assets (Note 8)2,5082,552
Total assets$34,445$33,992
LIABILITIES
Current liabilities

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cummins's prepaid pension assets?
Cummins (CMI) reported prepaid pension assets of $1B in Q1 2026.
How has Cummins's prepaid pension assets changed year-over-year?
Cummins's prepaid pension assets decreased by 13.0% year-over-year, from $1.15B to $1B.
What is the long-term trend for Cummins's prepaid pension assets?
Over 5 years (2020 to 2025), Cummins's prepaid pension assets has grown at a -0.2% compound annual growth rate (CAGR), from $1.04B to $1.03B.
What does prepaid pension assets mean?
This represents the surplus value of pension plan assets over the projected benefit obligation for defined benefit retirement plans. It indicates that the company has overfunded its pension commitments based on actuarial assumptions. This asset is subject to market fluctuations in the underlying investment portfolio.

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