What is Cummins's operating income?

Cummins (CMI) reported operating income of $949M in Q1 2026.

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

Cummins's operating income decreased by 16.3% year-over-year, from $1.13B to $949M.

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

Over 3 years (2021 to 2025), Cummins's operating income has grown at a 14.2% compound annual growth rate (CAGR), from $2.71B to $4.03B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Cummins CMI Operating Income

Operating Income at other companies

CaterpillarCAT

$3.09B+19.6%

Donaldson CompanyDCI

$155.3M+77.7%

Allison Transmission HoldingsALSN

$195M-21.7%

HyliionHYLN

-$13.23M+32.9%

PhiniaPHIN

$69M+11.3%

Kirby CorporationKEX

$107.67M+2.0%

Other financials

Income statement

See full

Revenue$8.4B+2.7%

Gross profit$2.2B+4.1%

Net income$680.0M-20.0%

EPS (diluted)$4.71-21.0%

Balance sheet

See full

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

See full

Market cap$100.4B+132%

Enterprise value$105.81B+120%

P/E36×+21.0×

P/S3×+1.7×

Profitability

See full

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:OperatingIncomeLoss.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Cummins's operating income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Cummins's operating income?: Cummins (CMI) reported operating income of $949M in Q1 2026.
How has Cummins's operating income changed year-over-year?: Cummins's operating income decreased by 16.3% year-over-year, from $1.13B to $949M.
What is the long-term trend for Cummins's operating income?: Over 3 years (2021 to 2025), Cummins's operating income has grown at a 14.2% compound annual growth rate (CAGR), from $2.71B to $4.03B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.