Cummins Inc.

CMI

$545.50

-0.98%

2026-09-03 16:00:03 EDT-$5.40

Industrials

Industrial - Machinery

NYSE

Active Trading

Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of ...

Price Action of CMI

$545.50

-0.98%-$5.40

High—

Low—

52W High-25.8%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Cummins Inc. is a global power technology leader headquartered in Columbus, Indiana, with a history dating back to 1919 when Clessie Cummins and William G. Irwin founded the Cummins Engine Company. The company operates through five key segments: Engine, Distribution, Components, Power Systems, and New Power. Its diverse product portfolio ...Cummins Inc. is a global power technology leader headquartered in Columbus, Indiana, with a history dating back to 1919 when Clessie Cummins and William G. Irwin founded the Cummins Engine Company. The company operates through five key segments: Engine, Distribution, Components, Power Systems, and New Power. Its diverse product portfolio includes diesel and natural gas engines, hybrid and electric powertrains, emission control systems, turbochargers, filtration products, fuel systems, and automated transmissions. Cummins also provides power generation systems, standby and primary generators, and alternators under brands like Stamford and AVK. The company's technology extends to battery systems, fuel cells, and hydrogen production, positioning it as a leader in the transition to cleaner energy. Financially, Cummins has a market capitalization of approximately $89 billion and generated revenue per share of $251.33 in the trailing twelve months (TTM). The company maintains strong profitability with a net profit margin of 7.8%, and a return on equity of 21.9%. It invests heavily in research and development (4.1% of revenue) to innovate in power solutions. Key leadership includes CEO Jennifer Rumsey, who has been with the company for over two decades, and founder Clessie Cummins, whose legacy of innovation drives the company's vision. Cummins serves original equipment manufacturers, distributors, and dealers worldwide, and its products are used across commercial transportation, construction, mining, marine, rail, oil and gas, defense, and agriculture sectors. With a commitment to environmental sustainability, Cummins aims to power a cleaner future through its Destination Zero strategy and continued investment in electrification and hydrogen technologies.ExpandCollapse

Founded

1919

Employees

67400

CEO

Jennifer W. Rumsey

Full Name

Cummins Inc.

Sector

Industrials

Industry

Industrial - Machinery

ROE

21.89%

Market Cap

$75.27B

Current Ratio

1.73

WACC

9.73%

ROIC

14.79%

Contact Information

https://www.cummins.com

812 377 5000

500 Jackson Street, Columbus, IN 47202-3005

Key Metrics of CMI

Snapshot

Latest / TTM · 6 periods

Market Cap

$75.27B

ROCE

15.5%

EV / EBITDA

16.33x

-0.4% YoY

FCF Yield

4.4%

+1.0% YoY

Cash Conversion Cycle

93.8d

Current Ratio

1.73

Quick take

TTM —

Positive CCC

Financial Highlights of CMI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

25.3%

Net Margin

7.8%

P/E Ratio

28.04x

n/a

Debt / Equity

0.64

n/a

Current Ratio

1.73

Dividend Yield

1.5%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of CMI

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $8.20 · Revenue $9.82B · 7 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $8.54 · Revenue $10.04B · 7 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $29.54 · Revenue $37.61B · 11 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $7.73 · Revenue $9.39B · 2 analysts

Recent history

Sep 3, 2026
Dividend payment
$8.00 per share
Aug 21, 2026
Ex-dividend date
$8.00 per share
Aug 4, 2026
Q2 FY2026 · Results reported
EPS $6.73 · Revenue $9.46B
View filing
May 5, 2026
Q1 FY2026 · Results reported
EPS $4.71 · Revenue $8.40B
View filing
Feb 10, 2026
FY2025 · Annual results
EPS $20.50 · Revenue $33.67B
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $3.85 · Revenue $8.32B
View filing

Financial Statements of CMI

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$33.7B	-1.3%	+12.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$2.8B	-28.0%	+42.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+25.3%	+2.2%	-2.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+11.5%	+4.4%	+19.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+8.4%	-27.0%	+26.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$2.4B	+755.2%	+941.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+7.1%	+766.2%	+825.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	65.7%	-11.2%	-3.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.76x	+34.1%	+1.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$34.0B	+7.8%	+3.4%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	20.50 vs 22.79	-10.1%	6.73 vs 8.20	-17.9%
Revenue Surprise	$33.7B vs $33.3B	+1.2%	$9.5B vs $9.8B	-3.7%

Insider Transactions of CMI

Acquisitions (A)

Since May 12, 2026

Disposals (D)

Since May 12, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 24, 2026	Newsome Earl	officer: VP - Chief Information Officer	Common	D	698	$572.22
May 19, 2026	Merritt Brett Michael	officer: V.P & Pres. - Engine Business	Common	D	218	—
May 14, 2026	JACKSON DONALD G	officer: VP - Treasury & Tax	Common	D	90	$712.70
May 14, 2026	JACKSON DONALD G	officer: VP - Treasury & Tax	Common	D	160	$711.61
May 14, 2026	JACKSON DONALD G	officer: VP - Treasury & Tax	Common	D	480	$710.36

Earnings Call Transcript of CMI

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Greetings, and welcome to the Second Quarter 2026 Cummins Inc. Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Nick Arens, Executive Director of Investor Relations. Please go ahead. Nicholas Arens: Thank you, Paul. Good morning, everyone, and welcome to our teleconference today to discuss Cummins results for the second quarter of 2026. Participating with me today are Jennifer Rumsey, our Chair and Chief Executive Officer; and Mark Smith, our Chief Financial Officer. We will all be available to answer questions at the end of the teleconference. Before we start, please note that some of the information that you will hear or be given today will consist of forward-looking statements within the meaning of the Securities and Exchange Act of 1934. Such statements express our forecasts, expectations, hopes, beliefs and intentions on strategies regarding the future. Our actual future results could differ materially from those projected in such forward-looking statements because of the several risks and uncertainties. More information regarding such risks and uncertainties is available in the forward-looking disclosure statement in the slide deck and our filings with the Securities and Exchange Commission, particularly the Risk Factors section of our most recently filed annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. During this call, we will be discussing certain non-GAAP financial measures, and we will refer you to our website for the reconciliation of those measures to GAAP financial measures. Our press release with a copy of the financial statements and a copy of today's webcast presentation are available on our website within the Investor Relations section at cummins.com. With that out of the way, I will turn you over to our Chair and CEO, Jennifer Rumsey, to kick us off. Jennifer Rumsey: Thank you, Nick. Good morning. I'll start with a summary of our second quarter accomplishments and financial results, then discuss our sales and end market trends by region. I will finish with a discussion of our outlook for 2026. Mark will then walk you through additional details on our second quarter performance and our full year forecast. Before getting into the details of our performance, I want to highlight a few major events from the quarter. In May, we hosted our 2026 Analyst Day, where we raised our 2030 financial targets and reinforced our commitment to returning capital to shareholders. This reflects that our strategy is working. We are advancing our position in key markets and experiencing increasing demand for our products. In response to growing global investments in data centers, we also announced plans to further expand our global capacity and broaden our power generation portfolio with integrated power solutions and the development of 130-liter natural gas genset, extending our reach into the growing prime power …

Leadership Team of CMI

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Jennifer W. Rumsey	Chief Executive Officer & Chairman of the Board	USD 8,623,590	Female	1974	Active
Mark A. Smith	Chief Financial Officer & Vice President	USD 3,220,425	Male	1968	Active
Marvin Boakye	Vice President & Chief Human Resources Officer	USD 2,799,855	Male	1974	Active
Jennifer Mary Bush	Vice President & President of Power Systems Business	USD 1,896,742	Female	1974	Active
Bonnie Jean Fetch	Executive Vice President & President of Operations	USD 1,503,778	Female	1971	Active
Amy Rochelle Davis	Vice President & President of Accelera by Cummins and Components	USD 1,453,880	Female	1970	Active
Brett Merritt	Vice President & President of Engine Business	—	Male	1977	Active
Nicole Y. Lamb-Hale	Vice President, Chief Administrative Officer & Corporate Secretary	—	—	1967	Active
John Gaidoo	Vice President & Chief Legal Officer	—	Male	1976	Active
Jonathan Wood	Vice President & Chief Technical Officer	—	Male	1971	Active
Nicholas J. Arens	Executive Director of Investor Relations and Business Analysis & Planning	—	Male	—	Active

Recent News of CMI

Zacks Investment Research8/6/2026Neutral

Here's Why Cummins (CMI) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Seeking Alpha8/6/2026Neutral

Cummins Q2 Review: Riding The Momentum Of AI And Trucking Recovery

Cummins delivered mixed Q2 results, with revenue beats but EPS misses and soft profitability outside power systems. CMI raised full-year revenue guidance to 10%-13% growth and narrowed EBITDA margin outlook to 18%-18.5%, citing data center and China construction demand. Data center power generation and a recovering truck market are set to drive multi-year growth, offsetting segment softness.

Zacks Investment Research8/5/2026Neutral

Cummins Q2 Earnings Miss Estimates on High Costs, Revenues Beat

CMI's Q2 revenues beat estimates. The company raises its 2026 outlook, but higher compensation, R&D, freight and coverage costs weigh on earnings and margins.

Zacks Investment Research8/5/2026Neutral

CMI Q2 Earnings Call Points to Power Demand and Higher Outlook

Cummins raises its 2026 outlook as data center power demand, stronger truck markets and a phased emissions transition shape second-half growth.

Zacks Investment Research8/5/2026Neutral

Here's Why Cummins (CMI) is a Strong Growth Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Historical Employee Count of CMI

Current

67,400

Change

-3.16%

Minimum

59,900

Maximum

75,500

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	67,400	10-K	Feb 10, 2026	View
Dec 31, 2024	69,600	10-K	Feb 11, 2025	View
Dec 31, 2023	75,500	10-K	Feb 12, 2024	View
Dec 31, 2022	73,600	10-K	Feb 14, 2023	View
Dec 31, 2021	59,900	10-K	Feb 8, 2022	View

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Cummins Inc.