Cummins Inc. (CMI)

From the record

Cummins Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Cummins Inc.'s 10 filed years say what it did: revenue went from $18 billion in fiscal 2016 to $34 billion in fiscal 2025, up 7.5% a year; it rose in 6 of 9 years; the deepest fall was 17% from fiscal 2018 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Cummins Inc.'s diluted share count shrank about 0.9% a year, and dividends and buybacks returned about 32% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 58 sales (18 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cummins Inc. earned about 22 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 0.3% over the year (the filed statements).

From the record

Cummins Inc.'s standing among 63 graded names in its industry family: revenue of $34 billion in fiscal 2025 ranks in the top 7% by size; a net margin of 8.8% ranks in the top 40%; revenue growth of 6.2% a year over the last 3 filed years ranks in the top 36% (its annual reports).

From the record

Cummins Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Rumsey, Jennifer (Chair and CEO, as filed), filing under that title since 2022-12-08, 3.9 years (bottom 36% of its family); the 27 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 38%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 27 people in charge now (top 9%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Cummins Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $2.8 billion against debt of $6.8 billion leaves -11.6% of its assets as net cash, top 41% of its family; cash from operations less capital spending is 7.1% of revenue (bottom 42%); a gross margin of 25.3% (bottom 19%); research spending of 4.1% of revenue (top 30%) (its annual report).

From the record

Cummins Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.2% a year over the last three filed years against 7.5% over all 10, slowing (bottom 45% of its family); the newest year grew -1.3% (bottom 23%); research spending grew 3% a year (bottom 35%); capital spending grew 10.5% a year (top 28%) (its annual reports). Cummins Inc. reported 4 lines of business in fiscal 2025: Distribution at $12 billion (37%), Engine at $11 billion (32%), Components at $10 billion (30%), and 1 more; 2 of 4 grew against the year before (its annual report).

From the record

Cummins Inc.'s newest year against its own record: revenue of $34 billion in fiscal 2025 came in 10.4% below the $38 billion its prior three years' pace pointed to (bottom 9% of its family); net income of $3.0 billion against a prior three-year average of $2.4 billion (top 40%); a net margin of 8.8% against 7.4% before (top 40%) (its annual reports).