
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
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
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)
FDX$88.59B
CMI$33.58B
PCAR$29.52B
Gross Margin (Latest Quarter)
69.5%
EMR51.9%
CNI44.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| EMR | $76.77B | 33.7 | 11.5% | 31.3% |
| ITW | $75.57B | 24.8 | 93.3% | 55.4% |
| CMI | $70.22B | 26.3 | 23.7% | 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%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 5, 2025|Revenue: $8.64B-1.7%|EPS: $6.46+21.9%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 5, 2025|Revenue: $8.17B-2.7%|EPS: $5.99-57.5%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 11, 2025|Revenue: $34.10B+0.1%|EPS: $28.55+450.1%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 5, 2024|Revenue: $8.46B+0.3%|EPS: $5.90+27.4%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $8.80B+1.8%|EPS: $5.30+4.3%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $8.40B-0.6%|EPS: $14.10+152.7%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 12, 2024|Revenue: $34.07B+21.3%|EPS: $5.19-65.9%Beat