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Cummins Inc.

Cummins Inc.

NYSE•CMI
CEO: Ms. Jennifer W. Rumsey
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 1947-10-03
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines. It provides power generation systems, horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, and electric power generation systems, and batteries. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
Contact Information
500 Jackson Street, Box 3005, Columbus, IN, 47202-3005, United States
812-377-5000
www.cummins.com
Market Cap
$70.22B
P/E (TTM)
26.3
37.9
Dividend Yield
1.5%
52W High
$526.50
52W Low
$260.02
52W Range
94%
Rank31Top 15.1%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$8.32B-1.64%
4-Quarter Trend

EPS

$3.88-34.24%
4-Quarter Trend

FCF

$1.01B+164.30%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Distribution Power Systems Growth Distribution EBITDA $1.313B, up 34% for nine months; Power Systems EBITDA $1.276B, up 47% versus 2024.
Operating Cash Flow Surges Nine months operating cash flow $2.087B, a $2.022B increase versus $65M provided in the comparable 2024 period.
Gross Margin Expansion Noted Nine months Gross Margin reached 26.1%, improving 1.1 percentage points versus 25.0% reported in the prior year.
Net Sales Decline Continues Total Net Sales $25.134B for nine months, decreasing 2% primarily due to weaker on-highway commercial truck demand.

Risk Factors

Accelera Segment Impairment Accelera reported $(522)M EBITDA (9M), driven by $240M goodwill and inventory write-downs recorded in Q3 2025.
Truck Demand Remains Weak Expect medium and heavy-duty truck demand in North America to remain weak through the fourth quarter of 2025.
Trade and Regulatory Uncertainty Global trade disruptions, tariffs, and evolving environmental regulations pose ongoing risks to supply chain and product costs.

Outlook

Power Systems Demand Strong Expect continued strong demand within Power Systems, including robust performance in power generation and industrial markets for 2025.
Aftermarket Business Stable Anticipate aftermarket business remaining stable, driven primarily by sustained demand in Engine and Power Systems segments.
Liquidity Position Maintained Maintain strong liquidity access including $3.6B available credit capacity to fund capital expenditures and working capital needs.

Peer Comparison

Revenue (TTM)

FedEx CorporationFDX
$88.59B
+1.1%
Cummins Inc.CMI
$33.58B
-1.8%
PACCAR IncPCAR
$29.52B
-15.3%

Gross Margin (Latest Quarter)

Roper Technologies, Inc.ROP
69.5%
+0.3pp
Emerson Electric Co.EMR
51.9%
+0.6pp
Canadian National Railway CompanyCNI
44.9%
+4.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EMR$76.77B33.711.5%31.3%
ITW$75.57B24.893.3%55.4%
CMI$70.22B26.323.7%21.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.5%
Flat Growth
4Q Net Income CAGR
8.6%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$5.17
|
Revenue:$8.09B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $8.32B-1.6%
    |
    EPS: $3.88-34.2%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $8.64B-1.7%
    |
    EPS: $6.46+21.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $8.17B-2.7%
    |
    EPS: $5.99-57.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 11, 2025|
    Revenue: $34.10B+0.1%
    |
    EPS: $28.55+450.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $8.46B+0.3%
    |
    EPS: $5.90+27.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $8.80B+1.8%
    |
    EPS: $5.30+4.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $8.40B-0.6%
    |
    EPS: $14.10+152.7%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 12, 2024|
    Revenue: $34.07B+21.3%
    |
    EPS: $5.19-65.9%
    Beat