Stocks Industrials CMI
NYSE · IndustrialsCummins Inc (CMI)
Cummins Inc brought in $35.8B of revenue over the twelve months to September 30, 2026, up 6.7% from a year earlier. Net income was $3.3B, a net margin of 9.3%. Operating cash flow minus capital spending left $2.4B of free cash flow in fiscal 2025. At September 30, 2026 it held $3.6B in cash against $6.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Cummins Inc
- Net worth
- Cummins Inc has a market value (market cap) of $64.2B at the latest share price, and shareholders' equity of $13.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $33.7B (-1.3% year on year), with net income of $2.8B. Over the 12 months to September 30, 2026: revenue $35.8B, net income $3.3B.
- Cash flow
- In fiscal 2025 operations brought in $3.6B of cash; after $1.2B of capital spending, free cash flow was $2.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cummins Inc's next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Cummins Inc paid dividends of $7.64 per share in fiscal 2025, a yield of 1.64% at the current price.
What Cummins Inc does
Cummins designs, manufactures, distributes, and services diesel and natural gas engines, power generation equipment, and related components such as filtration and fuel systems. Its products are sold to original equipment manufacturers of heavy-duty trucks, buses, construction machinery, and industrial equipment. Its shares trade on NYSE under the ticker CMI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $33.7B | $2.8B | $20.50 | $2.4B |
| 2024 | $34.1B | $3.9B | $28.37 | $279M |
| 2023 | $34.1B | $735M | $5.15 | $2.8B |
| 2022 | $28.1B | $2.2B | $15.12 | $1B |
| 2021 | $24B | $2.1B | $14.61 | $1.5B |
| 2020 | $19.8B | $1.8B | $12.01 | $2.2B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CMI ranks in Industrials
Dividends
Cummins Inc paid $7.64 per share in fiscal 2025. At the current price that is a yield of 1.64%. It paid out $1.1B in cash dividends, 37% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $7.64 | $1.1B | 37% |
| 2024 | $7.00 | $969M | 25% |
| 2023 | $6.50 | $921M | 125% |
| 2022 | $6.04 | $855M | 40% |
| 2021 | $5.60 | $809M | 38% |
| 2020 | $5.28 | $782M | 44% |
Latest SEC filings
What Cummins Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 13% to $9.4B versus the same quarter last year; diluted EPS $8.25 versus $3.86.
- November 5, 2026
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 9.4% to $9.5B versus the same quarter last year; diluted EPS $6.73 versus $6.43.
- August 4, 2026
- May 26, 2026
- May 22, 2026
- May 14, 2026
- May 12, 2026
- May 5, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 2.7% to $8.4B versus the same quarter last year; diluted EPS $4.71 versus $5.96.
What is CMI worth? A DCF from its reported cash flow
Insider trades
What the people running Cummins Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $399.4K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 24, 2026 | Newsome EarlVP - Chief Information Officer | Sold | 698 | $399.4K |
| May 19, 2026 | Merritt Brett MichaelV.P & Pres. - Engine Business | Gave as a gift | 218 | - |
| May 14, 2026 | Jackson Donald GVP - Treasury & Tax | Sold | 90 | $64.1K |
| May 14, 2026 | Jackson Donald GVP - Treasury & Tax | Sold | 160 | $113.9K |
| May 14, 2026 | Jackson Donald GVP - Treasury & Tax | Sold | 480 | $341K |
| May 13, 2026 | Stoner Nathan RVP - China ABO | Gave as a gift | 600 | - |
| May 13, 2026 | Fetch Bonnie JEVP & President - Operations | Gave as a gift | 155 | - |
| May 12, 2026 | Bush Jennifer MaryVP & Pres. - Power Systems | Sold | 40 | $28K |
Who owns CMI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.5% | April 29, 2026 |
| Vanguard Portfolio Management13G, passive | 5.44% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,101 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 11,503,261 | -332,263 |
| Vanguard Capital Management LLC | 9,010,359 | +34,388 |
| Vanguard Portfolio Management LLC | 7,534,991 | +36,981 |
| State Street Corp | 6,908,874 | +101,184 |
| Fmr LLC | 6,085,944 | +657,632 |
| Fisher Asset Management, LLC | 3,595,361 | +98,301 |
| Geode Capital Management, LLC | 3,229,444 | -516,944 |
| Morgan Stanley | 3,107,922 | +41,441 |
| Bank of America Corp | 1,974,668 | +217,420 |
| Norges Bank | 1,779,281 | new |
| Northern Trust Corp | 1,772,846 | +50,737 |
| Raymond James Financial Inc | 1,504,689 | +8,798 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,501,336 | -79,824 |
| Bank of New York Mellon Corp | 1,364,532 | +386,123 |
| Aqr Capital Management LLC | 1,262,659 | +295,663 |
| Dimensional Fund Advisors LP | 1,240,206 | -157,396 |
| Nuveen, LLC | 1,104,087 | +392,559 |
| First Eagle Investment Management, LLC | 1,073,736 | +306,505 |
| Goldman Sachs Group Inc | 1,021,986 | +135,828 |
| Royal Bank of Canada | 967,069 | -118,979 |
Insiders
27 insiders reported holding 282,912 shares in total, about $132M at the last price.
| Holder | Shares |
|---|---|
| Rumsey JenniferChair and CEO, Director | 46,632 |
| Smith Mark AndrewVP - Chief Financial Officer | 39,832 |
| Miller William IDirector | 34,670 |
| Davis Amy RochelleVP & Pres. - Accelera and Com | 15,807 |
| Lamb-Hale NicoleVP, CAO & Corporate Secretary | 14,084 |
| Bush Jennifer MaryVP & Pres. - Power Systems | 11,986 |
| Lynch Thomas JDirector | 11,962 |
| Fetch Bonnie JEVP & President - Operations | 11,524 |
| Merritt Brett MichaelV.P & Pres. - Engine Business | 10,186 |
| Peters Luther EVP - Corporate Controller | 9,025 |
Questions about CMI
What does Cummins Inc do?
Cummins designs, manufactures, distributes, and services diesel and natural gas engines, power generation equipment, and related components such as filtration and fuel systems. Its products are sold to original equipment manufacturers of heavy-duty trucks, buses, construction machinery, and industrial equipment. Its shares trade on NYSE under the ticker CMI.
What is Cummins Inc's net worth?
Cummins Inc has a market value (market cap) of $64.2B at the latest share price, and shareholders' equity of $13.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cummins Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.3B on revenue of $35.8B, a net margin of 9.3%.
How much revenue does Cummins Inc make?
Over the twelve months to September 30, 2026 Cummins Inc reported revenue of $35.8B. That is 6.7% more than a year earlier.
When did Cummins Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Cummins Inc's next earnings report?
Cummins Inc's next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Cummins Inc pay a dividend?
Yes. Cummins Inc paid dividends of $7.64 per share in fiscal 2025, a yield of 1.64% at the current price.
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Where the numbers come from
Financial figures are the values Cummins Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.