CMI

CUMMINS INC

Ticker: CMIIndustrialsIndustrial MachineryS&P 500
HQ COLUMBUS, INCIK 26172FY end 12-31Book / share $92.69Shares 139M
Revenue (FY)
$33.67B-1.27%
TTM $34.71B
Op. margin
11.95%+0.96%
TTM 11.22%
Net income
$2.96B-27.31%
TTM $2.83B
Operating cash
$3.62B+143.51%
TTM $4.65B
Free cash flow
$2.39B+755.20%
TTM $3.37B
Return on equity
23.02%-15.40%
TTM 21.13%
Debt / equity
0.61-0.08%
TTM 0.60
Shares outstanding
138.7M-0.29%
TTM 138.6M

The business

Cummins Inc. (NYSE: CMI) is a global power leader founded in 1919 as Cummins Engine Company and headquartered in Columbus, Indiana. The company operates through five reportable segments: Engine, Components, Distribution, Power Systems, and Accelera, serving customers worldwide through approximately 640 wholly-owned, joint venture, and independent distributor locations and more than 13,000 certified dealer locations across approximately 190 countries and territories. More information is available at www.cummins.com.

The company manufactures and markets a comprehensive portfolio of advanced diesel, electric, and hybrid powertrains; integrated power generation systems; critical components including aftertreatment systems, turbochargers, fuel systems, transmissions, axles, and brakes; and zero emissions technologies. The Engine segment represents 26 percent of consolidated net sales and produces diesel, natural gas, and gasoline engines ranging from 2.8 to 15 liters displacement for heavy-duty trucks, medium-duty trucks and buses, light-duty automotive, and off-highway markets. The Components segment comprises 25 percent of sales and designs drivetrain and braking systems, emission solutions, turbochargers, fuel systems, and automated transmissions. The Distribution segment accounts for 30 percent of sales and serves as the primary sales, service, and support channel across seven geographic regions. The Power Systems segment represents 18 percent of sales and offers standby and prime power generators, industrial engines, and generator technologies. The Accelera segment focuses on electrified power systems with battery and electric powertrain technologies.

Cummins employs approximately 67,400 persons worldwide and maintains long-standing relationships with major customers including PACCAR, which accounted for 13 percent of consolidated net sales in 2025. The company operates significant manufacturing joint ventures in China with partners including Dongfeng Motor Corporation, Chongqing Machinery and Electric, and Beiqi Foton Motor, as well as ventures in India and South America. In 2024, Cummins completed the divestiture of its remaining 80.5 percent ownership of Atmus Filtration Technologies through a tax-free split-off. The company maintains a robust research, development, and engineering program focused on meeting global emission standards and developing electrified power solutions aligned with its Destination Zero sustainability strategy.

Sector
Industrials
Industry
Industrial Machinery
HQ
COLUMBUS, IN
FY end
12-31
CIK
26172
SIC
3510
Financial performance · annual
20132025
$-3.47B$6.94B$17.35B$27.77B$38.18B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds CUMMINS INC — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

982
funds hold it
1 of 35
superinvestors hold it
$29.89B
fund-held value
31.3%
of shares held by funds
10
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.14%$3.12B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.15%$2.55B
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.95%$2.13B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.15%$1.35B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.15%$1.19B

Superinvestors in CUMMINS INC

Chris BloomstranDECREASED -67.2%
Semper Augustus Investments Group
1.0%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 10 issues of CUMMINS INC's debt, $618.22M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.57%, maturing 20282054.

IssueCouponMaturesFundsFund-held
CMI 5.3 05/09/355.300%2035-05-0965$167.16M
Cummins Inc1.500%2030-09-0145$75.64M
Cummins, Inc.4.700%2031-02-1553$72.92M
Cummins Inc5.450%2054-02-2042$70.98M
Cummins, Inc.5.150%2034-02-2051$64.70M
CMI 4.9 02/20/294.900%2029-02-2043$59.98M
Cummins, Inc.4.880%2043-10-0132$52.61M
Cummins Inc4.250%2028-05-0935$30.83M
Cummins, Inc.2.600%2050-09-0133$18.45M
Cummins Inc7.130%2028-03-013$4.95M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of CUMMINS INC's financials

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