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CMI

Cummins

IndustrialsIndustrial MachineryS&P 500
Ticker CMICOLUMBUS, INFiscal year ends DecemberBook value per share $92.69Diluted shares 138.6M

Cummins Inc. (NYSE: CMI) designs, manufactures, sells and services power solutions for original equipment manufacturers, distributors, dealers and other customers worldwide. Its portfolio includes diesel, natural gas and gasoline engines; power generation systems; drivetrain, braking, aftertreatment, turbocharger,… From the company’s description.

In fiscal 2025, Cummins reported revenue of $33.67B, down 1.3% from fiscal 2024, and net income of $2.96B. Its operating margin was 12.0%, and operations generated $3.62B in cash. Over the twelve months to Jun 30, 2026, revenue was $34.71B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$33.67BFY2025
−1.3% year over year
Last 12 mo $34.71B
11.95%FY2025
+1 percentage points
Last 12 mo 11.22%
$2.96BFY2025
−27.3% year over year
Last 12 mo $2.83B
23.02%FY2025
−15.4 percentage points
Last 12 mo 21.13%
Cash & financing
$3.62BFY2025
+143.5% year over year
Last 12 mo $4.65B
$2.39BFY2025
+755.2% year over year
Last 12 mo $3.37B
0.61FY2025
Was 0.69× a year earlier
Last 12 mo 0.60
138.7MFY2025
−0.3% year over year
Last 12 mo 138.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cummins does

In the company’s own words

Cummins Inc. (NYSE: CMI) designs, manufactures, sells and services power solutions for original equipment manufacturers, distributors, dealers and other customers worldwide. Its portfolio includes diesel, natural gas and gasoline engines; power generation systems; drivetrain, braking, aftertreatment, turbocharger, fuel-system and transmission products; and battery and electric powertrain technologies. The company operates five reportable segments: Engine, Components, Distribution, Power Systems and Accelera. In 2025, these segments represented 26%, 25%, 30%, 18% and less than 1% of consolidated sales, respectively, before intersegment eliminations. Cummins serves truck, bus, automotive, construction, agricultural, mining, marine, rail, data center, health care, industrial and defense markets, with sales and service supported by about 640 distributor locations and more than 13,000 certified dealer locations in approximately 190 countries and territories. It employed approximately 67,400 people worldwide at year-end 2025. Founded in 1919 as Cummins Engine Company, it changed its name to Cummins Inc. in 2001. Its website is www.cummins.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
COLUMBUS, IN
Fiscal year end
December
CIK
26172
SIC
3510

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.47B$6.94B$17.35B$27.77B$38.18B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cummins — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

982
funds hold it
1 of 35
superinvestors hold it
$29.89B
held by funds, at market
31.3%
of shares held by funds
10
bond issues held by funds

Superinvestors in Cummins · what they did last quarter

Chris BloomstranDECREASED -67.2%
Semper Augustus Investments Group
1.0%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Cummins’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.14%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.15%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.95%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Cummins’s bonds, as funds hold them

Funds report holding 10 issues of Cummins’s debt, $618.22M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.57%, maturing 2028 to 2054.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cummins and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cummins's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cummins's last four quarterly filings that the numbers alone won't show?”
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