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Cummins Inc.

CMI·NYSE·USD

530.61+8.48 (+1.62%)
Regular-session close·Definitions
Price history1973-02-21 — 2026-10-23Valid trading days: 13,533 · Available range · History update delayed
Operating history2025-03-31 — 2026-06-3011 historical metrics · 4 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2025-03-31 — 2026-06-30 · Valid observations: 42. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 4
Available metrics: 11

Financials and cash flow

Last value in range
CMI Share priceTrading day
USD400500600700800517.40
Gross marginQuarterly observations
%2626.2526.526.7526.065
Operating marginQuarterly observations
%1112131413.5
Net marginQuarterly observations
%89101110.2
(CFO − cash purchases of PP&E) / revenueQuarterly observations
%05101525.10.2326.01.0126.04.0126.07.0126.10.2313.2

Time rangeCMI Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endGross margin% · Calculated from disclosuresOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-06-302026-06-3026.07%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
grossProfit
2,465,000,000
Revenue
9,457,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:GrossProfit
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
2,465,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,457,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
CMI · 10-Q · Filing version 2026-08-04
13.52%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
operatingIncome
1,279,000,000
Revenue
9,457,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
1,279,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,457,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
CMI · 10-Q · Filing version 2026-08-04
10.24%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 4 items
Currency
USD
Net income
968,000,000
Revenue
9,457,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
968,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,457,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
CMI · 10-Q · Filing version 2026-08-04
13.22%
Basis · Calculated from disclosures

Source version date: 2026-08-04

View calculation inputs · 5 items
Currency
USD
Operating cash flow
1,499,000,000
Cash capital expenditure
249,000,000
Revenue
9,457,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
1,808,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
309,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
-1
sourceIds
0
cmi-sec-0000026172-26-000016
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
438,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
-1
sourceIds
0
cmi-sec-0000026172-26-000029
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
189,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
4
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,457,000,000
Filing date
2026-08-04
form
10-Q
accn
0000026172-26-000029
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000029
CMI · 10-Q · Filing version 2026-08-04CMI · 10-Q · Filing version 2026-05-05
2026-03-312026-03-3126.71%
Basis · Calculated from disclosures

Source version date: 2026-05-05

View calculation inputs · 4 items
Currency
USD
grossProfit
2,243,000,000
Revenue
8,398,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:GrossProfit
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,243,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,398,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
CMI · 10-Q · Filing version 2026-05-05
11.30%
Basis · Calculated from disclosures

Source version date: 2026-05-05

View calculation inputs · 4 items
Currency
USD
operatingIncome
949,000,000
Revenue
8,398,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
949,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,398,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
CMI · 10-Q · Filing version 2026-05-05
8.10%
Basis · Calculated from disclosures

Source version date: 2026-05-05

View calculation inputs · 4 items
Currency
USD
Net income
680,000,000
Revenue
8,398,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
680,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,398,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
CMI · 10-Q · Filing version 2026-05-05
1.43%
Basis · Calculated from disclosures

Source version date: 2026-05-05

View calculation inputs · 5 items
Currency
USD
Operating cash flow
309,000,000
Cash capital expenditure
189,000,000
Revenue
8,398,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
309,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
1
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
189,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
-1
sourceIds
0
cmi-sec-0000026172-26-000016
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,398,000,000
Filing date
2026-05-05
form
10-Q
accn
0000026172-26-000016
Input sign
1
sourceIds
0
cmi-sec-0000026172-26-000016
CMI · 10-Q · Filing version 2026-05-05
Calculations and sources 4 items
Gross margin% · Calculated from disclosures
Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

CUMMINS INC.. The quote provider classifies its industry as Industrial Machinery/Components. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
CUMMINS INC.
Exchange / quote currency
NYSE / USD
Reporting currency
USD
Source industry classification
Industrial Machinery/Components
Financial period end / Source version used
Unverified / Unverified
Value-chain roles (not revenue shares)
Generation and on-site power
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

530.61 +1.62%
2026-07-23 — 2026-10-23Price change over the selected period -22.20%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD500550600650700517.40Volume · shares2026-07-23 Volume 804,200 shares2026-07-24 Volume 677,100 shares2026-07-27 Volume 1,004,200 shares2026-07-28 Volume 1,296,000 shares2026-07-29 Volume 1,332,100 shares2026-07-30 Volume 1,062,800 shares2026-07-31 Volume 891,200 shares2026-08-03 Volume 1,306,800 shares2026-08-04 Volume 2,535,000 shares2026-08-05 Volume 1,463,800 shares2026-08-06 Volume 811,600 shares2026-08-07 Volume 963,700 shares2026-08-10 Volume 679,600 shares2026-08-11 Volume 496,800 shares2026-08-12 Volume 800,000 shares2026-08-13 Volume 559,900 shares2026-08-14 Volume 578,000 shares2026-08-17 Volume 669,300 shares2026-08-18 Volume 792,900 shares2026-08-19 Volume 844,200 shares2026-08-20 Volume 921,100 shares2026-08-21 Volume 920,700 shares2026-08-24 Volume 1,250,200 shares2026-08-25 Volume 742,300 shares2026-08-26 Volume 742,400 shares2026-08-27 Volume 1,003,500 shares2026-08-28 Volume 767,500 shares2026-08-31 Volume 1,260,800 shares2026-09-01 Volume 1,101,900 shares2026-09-02 Volume 1,375,300 shares2026-09-03 Volume 1,585,200 shares2026-09-04 Volume 1,059,400 shares2026-09-08 Volume 770,200 shares2026-09-09 Volume 1,103,900 shares2026-09-10 Volume 1,115,600 shares2026-09-11 Volume 705,400 shares2026-09-14 Volume 1,230,600 shares2026-09-15 Volume 1,401,100 shares2026-09-16 Volume 1,450,300 shares2026-09-17 Volume 1,193,500 shares2026-09-18 Volume 1,717,200 shares2026-09-21 Volume 1,017,100 shares2026-09-22 Volume 1,076,700 shares2026-09-23 Volume 1,416,200 shares2026-09-24 Volume 1,186,200 shares2026-09-25 Volume 812,000 shares2026-09-28 Volume 950,200 shares2026-09-29 Volume 807,500 shares2026-09-30 Volume 1,092,300 shares2026-10-01 Volume 1,661,100 shares2026-10-02 Volume 1,045,600 shares2026-10-05 Volume 802,600 shares2026-10-06 Volume 785,300 shares2026-10-07 Volume 1,249,800 shares2026-10-08 Volume 1,005,800 shares2026-10-09 Volume 905,700 shares2026-10-12 Volume 1,233,100 shares2026-10-13 Volume 1,076,100 shares2026-10-14 Volume 1,213,300 shares2026-10-15 Volume 1,493,100 shares2026-10-16 Volume 1,255,500 shares2026-10-19 Volume 1,230,400 shares2026-10-20 Volume 1,400,400 shares2026-10-21 Volume 1,289,000 shares2026-10-22 Volume 1,306,300 shares2026-10-23 Volume 905,000 shares2.5M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 13533 / trading dates: 13533Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
522.13
Session open
529.28
Session range
523.58 – 532.45
Session volume
0.74 M
20 Average daily volume
1.14 M
Historical range
1.45 – 737.76

Valuation and cash

Market cap · USD
75.34 B
Price / sales · Reporting period
—
Free cash flow yield
—

Financial denominator

Revenue · Reporting period
— USD
Period end
Unverified
Source version
Unverified

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end Unavailable

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-08-04 · Original currency USD
USD · Quarter
Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
9.46 B

Raw value 9,457,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

8.40 B

Raw value 8,398,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+1.06 B+12.61%
Gross profitGross margin 26.07% · Change -0.64 percentage points
2.47 B

Raw value 2,465,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

2.24 B

Raw value 2,243,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+222.00 M+9.90%
Operating incomeOperating margin 13.52% · Change +2.22 percentage points
1.28 B

Raw value 1,279,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

949.00 M

Raw value 949,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+330.00 M+34.77%
Net incomeNet margin 10.24% · Change +2.14 percentage points
968.00 M

Raw value 968,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

680.00 M

Raw value 680,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+288.00 M+42.35%
Operating cash flowOperating cash flow / revenue 15.85% · Change +12.17 percentage points
1.50 BDerived by subtraction

Raw value 1,499,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 1.81 B USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · 309.00 M USD · Source version 2026-05-05
309.00 M

Raw value 309,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+1.19 B+385.11%
Capital expenditureCapital expenditure / revenue 2.63% · Change +0.38 percentage points
249.00 MDerived by subtraction

Raw value 249,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 438.00 M USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · 189.00 M USD · Source version 2026-05-05
189.00 M

Raw value 189,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+60.00 M+31.75%

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million02.5k5k7.5k10k25.03.3125.07.0125.10.0126.01.0126.04.0126.06.309.46k1.28k968

Time rangeRevenue

2025-03-31 — 2026-06-30
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2025-03-312025-06-302026-03-312026-06-30
Revenue
8.17 B

Raw value 8,174,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

8.64 B

Raw value 8,643,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

8.40 B

Raw value 8,398,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

9.46 B

Raw value 9,457,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Gross profit
2.16 B

Raw value 2,155,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

2.28 B

Raw value 2,281,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

2.24 B

Raw value 2,243,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

2.47 B

Raw value 2,465,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating income
1.13 B

Raw value 1,134,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

1.23 B

Raw value 1,226,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

949.00 M

Raw value 949,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

1.28 B

Raw value 1,279,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Net income
850.00 M

Raw value 850,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

928.00 M

Raw value 928,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

680.00 M

Raw value 680,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

968.00 M

Raw value 968,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating cash flow
-3.00 M

Raw value -3,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

785.00 MDerived by subtraction

Raw value 785,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 782.00 M USD · Source version 2026-08-04
  • Subtract: 2025-01-01 — 2025-03-31 · -3.00 M USD · Source version 2026-05-05
309.00 M

Raw value 309,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

1.50 BDerived by subtraction

Raw value 1,499,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 1.81 B USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · 309.00 M USD · Source version 2026-05-05
Capital expenditure
162.00 M

Raw value 162,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

231.00 MDerived by subtraction

Raw value 231,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 393.00 M USD · Source version 2026-08-04
  • Subtract: 2025-01-01 — 2025-03-31 · 162.00 M USD · Source version 2026-05-05
189.00 M

Raw value 189,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

249.00 MDerived by subtraction

Raw value 249,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 438.00 M USD · Source version 2026-08-04
  • Subtract: 2026-01-01 — 2026-03-31 · 189.00 M USD · Source version 2026-05-05
Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Circe Energy · Equipment and engineering

Supply agreement: Cummins to provide HSK78 (C2000N6CD) and QSK60 (C1400N6) high-horsepower natural gas generator sets for Circe Energy's West Texas high-performance-computing data center, serving a behind-the-meter prime-power microgrid with integrated microgrid controls; deliveries scheduled 2026 through 2030 with modular deployment beginning in 2027; unit count, MW and value not disclosed. [2]

Disclosed events

PACCAR Inc · Customer

FY2025 10-K customer concentration: PACCAR was Cummins' only customer accounting for more than 10 percent of net sales, at 13 percent of consolidated net sales (16 percent in 2024 and 2023); the parties have long-term supply agreements for heavy-duty and medium-duty engines, aftertreatment, driveline and brake systems. [1]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.

  2. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.

  3. 10-K Original financial filings ↗

    This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-06-30.

  6. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-03-31.

Showing the latest 6 recorded source versions. Find the remaining 63 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 2 · Excluded by current filters: 0

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

2 records
Economic direction / relationship typeStatus / record dateRecorded amountCapacity basisEvidence source
Signed / existing2026-06-16No attributable amount providedAmount classification not yet structuredNot structuredB · Company / mediaCheck public source ↗
Signed / existing2026-02-10No attributable amount providedAmount classification not yet structuredNot structuredA · Original filingCheck public source ↗
1–2 / 2 records

Downstream demand · Equipment / construction

CMI Circe Energy

Signed / existingB · Company / media

What this relationship establishes

Supply agreement

Relationship type
Equipment / construction

Recorded as signed or existing; performance progress requires separate verification

Amount basis
Amount classification not yet structured

No attributable amount is available for this record. This does not mean the amount is zero.

A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration
A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

Supply agreement: Cummins to provide HSK78 (C2000N6CD) and QSK60 (C1400N6) high-horsepower natural gas generator sets for Circe Energy's West Texas high-performance-computing data center, serving a behind-the-meter prime-power microgrid with integrated microgrid controls; deliveries scheduled 2026 through 2030 with modular deployment beginning in 2027; unit count, MW and value not disclosed.

B · Company / media

Cummins Inc. investor news release, June 16, 2026

Customer demand and execution

The excerpts below come from this record. Verify signed status separately from actual completion.

  • Deliveries from 2026 through 2030, with modular deployment beginning in 2027
Limitations in the original record
  • System count, capacity and value were not disclosed
Inputs still needed to quantify the impact
  • The actual schedule for staged deliveries and acceptance
  • Payment milestones and cost attribution
  • Utilization, depreciation and maintenance spending for new capacity

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Delivery terms

    CMI supplies equipment or engineering services to Circe Energy; distinguish contract status from actual delivery status.

  2. Execution

    Verify each stage: prepayment, production or construction, arrival, acceptance and commissioning.

  3. Financial outcomes

    Assess whether revenue recognition, project costs and collections are aligned, and whether adequate provision has been made for warranty and performance obligations.

  4. Testing price implications

    Separate construction-period cash flows from steady-state cash flows; nominal capacity cannot be treated directly as profit.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

CMI · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Gross margin ↗2026-06-30 · Research calculation26.07%
Definition and boundaries

Gross profit / revenue × 100

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating margin ↗2026-06-30 · Research calculation13.52%
Definition and boundaries

Operating income / revenue × 100

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Net margin ↗2026-06-30 · Research calculation10.24%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-06-30 · Research calculation15.85%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(CFO − cash purchases of PP&E) / revenue ↗2026-06-30 · Research calculation13.22%
Definition and boundaries

(Operating cash flow − cash purchases of PP&E) / revenue × 100

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (6)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation9.42%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / net income ↗2026-06-30 · Research calculation1.55 x
Definition and boundaries

Operating cash flow / net income(Net income > 0)

Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation-5.61%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days inventory outstanding (average balance) ↗2026-06-30 · Research calculation81.49 days
Definition and boundaries

(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the period

Costs are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days payable outstanding (average balance) ↗2026-06-30 · Research calculation59.13 days
Definition and boundaries

(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the period

Cost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.
Operating metricLatest valueDefinition and boundaries
Cash purchases of PP&E / revenue ↗2026-06-30 · Research calculation2.63%
Definition and boundaries

Cash purchases of PP&E / revenue × 100

Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 12 companies · Generation and on-site power

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
11 / 11 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY9.42%2026-06-30Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Gross margin26.07%2026-06-30Research calculationGross profit / revenue × 100Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating margin13.52%2026-06-30Research calculationOperating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin10.24%2026-06-30Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue15.85%2026-06-30Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(CFO − cash purchases of PP&E) / revenue13.22%2026-06-30Research calculation(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / net income1.55 x2026-06-30Research calculationOperating cash flow / net income(Net income > 0)Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash purchases of PP&E / revenue2.63%2026-06-30Research calculationCash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-5.61%2026-06-30Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days inventory outstanding (average balance)81.49 days2026-06-30Research calculation(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the periodCosts are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days payable outstanding (average balance)59.13 days2026-06-30Research calculation(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the periodCost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Financial statements

Reporting period unavailable; filing date unavailable. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 2 · Documents: 2

1Cummins Inc. FY2025 Form 10-K (cmi-20251231)Value-chain archive

Cummins Inc. FY2025 Form 10-K (cmi-20251231) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
2Cummins Inc. investor news release, June 16, 2026Value-chain archive

Cummins Inc. investor news release, June 16, 2026 · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 5
01CMI · 10-Q · Filing version 2026-05-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02CMI · 10-K · Filing version 2026-02-10

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03CMI · 10-Q · Filing version 2025-05-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04CMI · 10-Q · Filing version 2026-08-04

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05CMI · 10-Q · Filing version 2025-08-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure