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Cummins $CMI

Industrials · Construction Machinery & Heavy Transportation Equipment · NYSE/NASDAQ

S&P 500 Russell 1000 Indiana

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$536.22

+14.09 (+2.70%)

As of Oct 20, 2026, 5:52 PM EDT · cached

Price history

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Key facts

52-week range (closes): $407.98 – $727.59 Lowest close Oct 22, 2025, highest Jun 25, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Mar 31, 1965 · All S&P 500 changes

Cummins (CMI) is trading up at $536.22 (+2.70%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Cummins revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Cummins annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$17.5B	$20.4B	$23.8B	$23.6B	$19.8B	$24.0B	$28.1B	$34.1B	$34.1B	$33.7B
Growth (year over year)	−8.4%	+16.7%	+16.4%	−0.8%	−16.0%	+21.3%	+16.9%	+21.3%	+0.1%	−1.3%
Gross profit	$4.46B	$5.10B	$5.74B	$5.98B	$4.89B	$5.70B	$6.72B	$8.25B	$8.44B	$8.52B
Gross margin	25.5%	25.0%	24.1%	25.4%	24.7%	23.7%	23.9%	24.2%	24.7%	25.3%
Operating income	$1.88B	$2.33B	$2.79B	$2.70B	$2.27B	$2.71B	$2.93B	$1.76B	$3.75B	$4.03B
Operating margin	10.7%	11.4%	11.7%	11.5%	11.5%	11.3%	10.4%	5.2%	11.0%	12.0%
Net income	$1.39B	$999.0M	$2.14B	$2.26B	$1.79B	$2.13B	$2.15B	$735.0M	$3.95B	$2.84B
Net margin	8.0%	4.9%	9.0%	9.6%	9.0%	8.9%	7.7%	2.2%	11.6%	8.4%
EPS (diluted)	$8.23	$5.97	$13.15	$14.48	$12.01	$14.61	$15.12	$5.15	$28.37	$20.50
Balance sheet
Cash and equivalents	$1.12B	$1.37B	$1.30B	$1.13B	$3.40B	$2.59B	$2.02B	$2.18B	$1.67B	$2.85B
Total assets	$15.0B	$18.1B	$19.1B	$19.7B	$22.6B	$23.7B	$30.3B	$32.0B	$31.5B	$34.0B
Total liabilities	$7.84B	$9.91B	$10.8B	$11.3B	$13.6B	$14.3B	$20.1B	$22.1B	$20.2B	$20.6B
Long-term debt	$1.57B	$1.59B	$1.60B	$1.58B	$3.61B	$3.58B	$4.50B	$4.80B	$4.78B	$6.79B
Shareholders' equity	$6.88B	$7.26B	$7.35B	$7.51B	$8.06B	$8.15B	$8.97B	$8.85B	$10.3B	$12.3B
Cash flow
Operating cash flow	$1.94B	$2.28B	$2.38B	$3.18B	$2.72B	$2.26B	$1.96B	$3.97B	$1.49B	$3.62B
Capital expenditure	$531.0M	$506.0M	$709.0M	$700.0M	$528.0M	$734.0M	$916.0M	$1.21B	$1.21B	$1.24B
Free cash flow	$1.41B	$1.77B	$1.67B	$2.48B	$2.19B	$1.52B	$1.05B	$2.75B	$279.0M	$2.39B
Dividends paid	$676.0M	$701.0M	$718.0M	$761.0M	$782.0M	$809.0M	$855.0M	$921.0M	$969.0M	$1.05B
Share buybacks	$778.0M	$451.0M	$1.14B	$1.27B	$641.0M	$1.40B	$374.0M	$0	$0	—

RevenueNet incomeNet margin (right axis, %)

Cummins quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$8.46B	$8.45B	$8.17B	$8.64B	$8.32B	$8.54B	$8.40B	$9.46B
Growth (year over year)	+0.3%	−1.1%	−2.7%	−1.7%	−1.6%	+1.1%	+2.7%	+9.4%
Gross profit	$2.17B	$2.03B	$2.15B	$2.28B	$2.13B	$1.95B	$2.24B	$2.46B
Gross margin	25.7%	24.1%	26.4%	26.4%	25.6%	22.9%	26.7%	26.1%
Operating income	$1.05B	$732.0M	$1.13B	$1.23B	$852.0M	$813.0M	$949.0M	$1.28B
Operating margin	12.4%	8.7%	13.9%	14.2%	10.2%	9.5%	11.3%	13.5%
Net income	$809.0M	$418.0M	$824.0M	$890.0M	$536.0M	$593.0M	$654.0M	$932.0M
Net margin	9.6%	4.9%	10.1%	10.3%	6.4%	6.9%	7.8%	9.9%
EPS (diluted)	$5.86	$3.22	$5.96	$6.43	$3.86	$4.25	$4.71	$6.73
Balance sheet
Cash and equivalents	$1.73B	$1.67B	$1.53B	$2.32B	$2.57B	$2.85B	$2.61B	$3.18B
Total assets	$32.1B	$31.5B	$32.5B	$34.3B	$33.6B	$34.0B	$34.4B	$35.6B
Total liabilities	$20.7B	$20.2B	$20.6B	$21.4B	$20.5B	$20.6B	$21.1B	$21.7B
Long-term debt	$4.86B	$4.78B	$4.80B	$6.81B	$6.82B	$6.79B	$6.73B	$6.74B
Shareholders' equity	$10.3B	$10.3B	$10.9B	$11.8B	$12.1B	$12.3B	$12.4B	$12.8B
Cash flow
Operating cash flow	$640.0M	$1.42B	−$3.00M	$785.0M	$1.30B	$1.53B	$309.0M	$1.50B
Capital expenditure	$259.0M	$540.0M	$162.0M	$231.0M	$298.0M	$544.0M	$189.0M	$249.0M
Free cash flow	$381.0M	$882.0M	−$165.0M	$554.0M	$1.01B	$990.0M	$120.0M	$1.25B
Dividends paid	$250.0M	$250.0M	$251.0M	$251.0M	$276.0M	$277.0M	$276.0M	$276.0M
Share buybacks	—	—	$0	$0	—	—	$243.0M	$225.0M

From Cummins's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Cummins vs the Industrials sector and the S&P 500

Cummins's latest reported figures next to the median of the other 81 S&P 500 Industrials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Cummins compared with the median Industrials company and the median S&P 500 company
Measure	Cummins	Industrials (81 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	−1.3%	+4.6%	+7.0%
Net margin, latest fiscal year	8.4%	12.6%	13.0%
Dividend per share, latest fiscal year	$7.64	$2.49	$2.40
Share price change, 1 year	+29.5%	+8.5%	+7.5%

Cummins: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Cummins included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 79/496, net margin 79/496, dividend per share 63/349, 1-year price change 77/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 63 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Cummins

Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes diesel engines, electric vehicle components, and power generation products. Cummins also services engines and related equipment, including fuel systems, air handling systems controls, filtration, emission control, electrical power generation systems, and engine control units.

Source: Wikipedia — Cummins