Cummins Inc. (CMI) balance sheet

NYSE · Industrials · Industrial - Machinery · 67,400 employees · CEO Jennifer W. Rumsey

Price: $500.09 -3.46%
Market cap: $68.8B
Enterprise value: $74B
Last report: Q2 '26 filed 2026-08-04
Next report: 2026-11-05 EPS est. $8.21

At the end of Q2 '26 Cummins Inc. (CMI) held $3.92B in cash and short-term investments against $8.29B of debt incl. leases. Total assets $35.6B, total liabilities $21.7B, shareholders' equity $12.8B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$2.39B	$2.18B	$2.54B	$1.59B	$1.73B	$1.67B	$1.53B	$2.32B	$2.57B	$2.85B	$2.61B	$3.18B
Short-term investments	$452M	$562M	$510M	$593M	$518M	$593M	$626M	$755M	$593M	$764M	$568M	$745M
Receivables	$5.66B	$5.58B	$5.46B	$5.61B	$5.39B	$5.18B	$5.68B	$5.87B	$5.64B	$5.82B	$6.53B	$6.59B
Inventory	$5.91B	$5.68B	$5.76B	$5.86B	$6.13B	$5.74B	$6.12B	$6.29B	$6.26B	$5.82B	$6.13B	$6.4B
Other current assets	$272M	$1.2B	$1.35B	$1.32B	$1.54B	$1.57B	$1.58B	$1.7B	$1.67B	$1.68B	$1.54B	$1.53B
Current assets	$15.9B	$15.2B	$15.6B	$15B	$15.3B	$14.8B	$15.5B	$16.9B	$16.7B	$16.9B	$17.4B	$18.4B
Property, plant & equipment (net)	$5.8B	$6.75B	$6.47B	$6.51B	$6.69B	$6.89B	$6.94B	$7.1B	$7.21B	$7.5B	$7.45B	$7.01B
Long-term investments	$1.79B	$1.8B	$1.77B	$1.83B	$1.92B	$1.89B	$1.99B	$2.02B	$1.97B	$2.13B	$2.22B	$2.27B
Goodwill	$2.38B	$2.5B	$2.41B	$2.39B	$2.41B	$2.37B	$2.4B	$2.43B	$2.22B	$2.22B	$2.22B	$2.22B
Intangible assets	$2.52B	$2.52B	$2.46B	$2.5B	$2.46B	$2.35B	$2.4B	$2.4B	$2.35B	$2.17B	$2.19B	$2.17B
Deferred tax assets	$1.5B	$1.08B	$950M	$1.01B	$1.07B	$1.12B	$1.16B	$1.29B	$1.08B	$1.06B	$1.08B	$0
Other non-current assets	$2.2B	$2.16B	$2.16B	$2.12B	$2.18B	$2.17B	$2.1B	$2.09B	$2.09B	$1.99B	$1.9B	$3.53B
Non-current assets	$16.2B	$16.8B	$16.2B	$16.4B	$16.7B	$16.8B	$17B	$17.3B	$16.9B	$17.1B	$17.1B	$17.2B
Total assets	$32.1B	$32B	$31.8B	$31.3B	$32.1B	$31.5B	$32.5B	$34.3B	$33.6B	$34B	$34.4B	$35.6B
Liabilities
Accounts payable	$4.26B	$4.26B	$4.48B	$4.41B	$4.21B	$3.95B	$4.31B	$4.15B	$3.82B	$3.8B	$4.43B	$4.65B
Accrued expenses	$884M	$1.11B	$561M	$801M	$1.01B	$1.95B	$1.8B	$1.92B	$1.91B	$2.01B	$2.01B	$2.66B
Short-term debt	$2.51B	$1.89B	$1.06B	$2.08B	$2.73B	$2.28B	$2.69B	$1.3B	$790M	$760M	$957M	$958M
Taxes payable	$477M	$538M	$361M	$273M	$483M	$493M	$0	$523M	$0	$0	$0	$0
Deferred revenue	$1.03B	$1.22B	$1.24B	$1.31B	$1.23B	$1.35B	$1.51B	$1.62B	$1.6B	$1.61B	$1.59B	$1.59B
Other current liabilities	$2.07B	$4.04B	$3.86B	$2.15B	$2.03B	$1.08B	$523M	$657M	$770M	$825M	$597M	$494M
Current liabilities	$11.1B	$12.9B	$11.7B	$11.1B	$11.6B	$11.2B	$11.6B	$10.3B	$9.45B	$9.61B	$10.2B	$10.7B
Long-term debt	$4.95B	$4.8B	$5.77B	$5.43B	$4.86B	$4.78B	$4.67B	$6.81B	$6.82B	$6.79B	$6.73B	$6.61B
Lease obligations (non-current)	$373M	$374M	$332M	$333M	$393M	$409M	$541M	$433M	$428M	$424M	$418M	$582M
Deferred revenue (non-current)	$1.01B	$966M	$1.06B	$1.05B	$1.09B	$1.07B	$1.05B	$1.06B	$1.12B	$1.05B	$1.05B	$1.07B
Deferred tax liabilities	$607M	$530M	$355M	$351M	$386M	$389M	$395M	$405M	$379M	$388M	$381M	$381M
Other non-current liabilities	$2.35B	$2.53B	$2.52B	$2.44B	$2.38B	$2.35B	$2.33B	$2.37B	$2.34B	$2.32B	$2.33B	$2.42B
Non-current liabilities	$9.29B	$9.2B	$10B	$9.6B	$9.11B	$9B	$8.99B	$11.1B	$11.1B	$11B	$10.9B	$11.1B
Total liabilities	$20.4B	$22.1B	$21.7B	$20.7B	$20.7B	$20.2B	$20.6B	$21.4B	$20.5B	$20.6B	$21.1B	$21.7B
Equity
Common stock & paid-in capital	$2.56B	$556M	$556M	$2.58B	$556M	$556M	$556M	$556M	$556M	$556M	$2.6B	$2.63B
Retained earnings	$19.5B	$17.9B	$19.6B	$20.1B	$20.7B	$20.8B	$21.4B	$22B	$22.3B	$22.6B	$23B	$23.7B
Accumulated other comprehensive income	-$2.05B	-$2.21B	-$2.26B	-$2.34B	-$2.17B	-$2.45B	-$2.37B	-$2.17B	-$2.21B	-$2.28B	-$2.38B	-$2.34B
Shareholders' equity	$10.7B	$8.85B	$9.07B	$9.55B	$10.3B	$10.3B	$10.9B	$11.8B	$12.1B	$12.3B	$12.4B	$12.8B
Debt
Total debt (incl. leases)	$7.97B	$7.21B	$7.3B	$7.97B	$8.11B	$7.6B	$8.04B	$8.68B	$8.18B	$8.11B	$8.24B	$8.29B
Net debt (debt - cash)	$5.58B	$5.03B	$4.76B	$6.38B	$6.38B	$5.93B	$6.5B	$6.37B	$5.62B	$5.27B	$5.63B	$5.11B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$1.12B	$1.37B	$1.3B	$1.13B	$3.4B	$2.59B	$2.1B	$2.18B	$1.67B	$2.85B
Short-term investments	$260M	$198M	$222M	$341M	$461M	$595M	$472M	$562M	$593M	$764M
Receivables	$3.03B	$3.62B	$3.87B	$3.67B	$3.82B	$3.99B	$5.2B	$5.58B	$5.18B	$5.82B
Inventory	$2.68B	$3.17B	$3.76B	$3.49B	$3.43B	$4.36B	$5.6B	$5.68B	$5.74B	$5.82B
Other current assets	$192M	$152M	$117M	$0	$172M	$120M	$128M	$1.2B	$1.57B	$1.68B
Current assets	$7.71B	$8.93B	$9.82B	$9.39B	$11.9B	$12.3B	$14.5B	$15.2B	$14.8B	$16.9B
Property, plant & equipment (net)	$3.8B	$3.93B	$4.1B	$4.74B	$4.26B	$4.42B	$5.52B	$6.75B	$6.89B	$7.5B
Long-term investments	$946M	$1.16B	$1.22B	$1.24B	$1.44B	$1.54B	$1.76B	$1.8B	$1.89B	$2.13B
Goodwill	$480M	$1.08B	$1.13B	$1.29B	$1.29B	$1.29B	$2.34B	$2.5B	$2.37B	$2.22B
Intangible assets	$332M	$973M	$909M	$1B	$963M	$900M	$2.69B	$2.52B	$2.35B	$2.17B
Deferred tax assets	$420M	$1.04B	$929M	$441M	$479M	$428M	$625M	$1.08B	$1.12B	$1.06B
Other non-current assets	$1.33B	$966M	$962M	$1.64B	$2.3B	$2.83B	$2.91B	$2.16B	$2.17B	$1.99B
Non-current assets	$7.3B	$9.15B	$9.24B	$10.4B	$10.7B	$11.4B	$15.8B	$16.8B	$16.8B	$17.1B
Total assets	$15B	$18.1B	$19.1B	$19.7B	$22.6B	$23.7B	$30.3B	$32B	$31.5B	$34B
Liabilities
Accounts payable	$1.85B	$2.58B	$2.82B	$2.53B	$2.82B	$3.02B	$4.25B	$4.26B	$3.95B	$3.8B
Accrued expenses	$412M	$811M	$679M	$1.43B	$484M	$683M	$617M	$3.75B	$1.95B	$2.01B
Short-term debt	$288M	$418M	$879M	$791M	$554M	$580M	$3.36B	$1.89B	$2.28B	$760M
Taxes payable	$0	$77M	$293M	$280M	$338M	$341M	$397M	$538M	$493M	$0
Deferred revenue	$468M	$500M	$498M	$533M	$691M	$855M	$1B	$1.22B	$1.35B	$1.61B
Other current liabilities	$1.3B	$1.29B	$1.41B	$560M	$1.58B	$1.71B	$1.89B	$1.11B	$1.08B	$825M
Current liabilities	$4.33B	$5.68B	$6.38B	$6.26B	$6.34B	$7.08B	$11.4B	$12.9B	$11.2B	$9.61B
Long-term debt	$1.57B	$1.59B	$1.6B	$1.58B	$3.53B	$3.58B	$4.5B	$4.8B	$4.78B	$6.79B
Lease obligations (non-current)	$0	$121M	$102M	$370M	$404M	$326M	$368M	$374M	$409M	$424M
Deferred revenue (non-current)	$589M	$604M	$658M	$821M	$840M	$850M	$844M	$966M	$1.07B	$1.05B
Deferred tax liabilities	-$589M	$391M	$263M	$306M	$325M	$403M	$649M	$530M	$389M	$388M
Other non-current liabilities	$1.28B	$1.53B	$1.8B	$1.94B	$2.2B	$2.07B	$2.29B	$2.53B	$2.35B	$2.32B
Non-current liabilities	$3.51B	$4.23B	$4.42B	$5.01B	$7.3B	$7.23B	$8.65B	$9.2B	$9B	$11B
Total liabilities	$7.84B	$9.91B	$10.8B	$11.3B	$13.6B	$14.3B	$20.1B	$22.1B	$20.2B	$20.6B
Equity
Common stock & paid-in capital	$2.15B	$2.21B	$2.27B	$2.35B	$2.4B	$2.43B	$2.24B	$556M	$556M	$556M
Retained earnings	$11B	$11.5B	$12.9B	$14.4B	$15.4B	$16.7B	$18B	$17.9B	$20.8B	$22.6B
Accumulated other comprehensive income	-$1.82B	-$1.5B	-$1.81B	-$2.03B	-$1.98B	-$1.57B	-$1.89B	-$2.21B	-$2.45B	-$2.28B
Shareholders' equity	$6.88B	$7.26B	$7.35B	$7.51B	$8.06B	$8.47B	$8.98B	$8.85B	$10.3B	$12.3B
Debt
Total debt (incl. leases)	$1.82B	$2.01B	$2.48B	$2.87B	$4.62B	$4.61B	$8.36B	$7.21B	$7.6B	$8.11B
Net debt (debt - cash)	$701M	$637M	$1.17B	$1.74B	$1.22B	$2.02B	$6.25B	$5.03B	$5.93B	$5.27B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01