Cummins Inc.
CMI Industrials Specialty Industrial Machinery
Cummins Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.7 billion, down 1.27% from fiscal 2024. In the quarter to June 2026, revenue grew 9.42%, EPS grew 4.64%, free cash flow grew 125.6% and total debt fell 7.19%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
Follow CMI
Cummins Inc. (CMI) Return on invested capital
Cummins Inc.'s return on invested capital over the twelve months to 30 June 2026 was 14.4%, down 0.7 percentage points from fiscal 2025 (15.1%). Over the past ten years it has ranged from 9.11% (fiscal 2023) to 20.8% (fiscal 2018); the current reading is higher than 27% of that period. That is above the Specialty Industrial Machinery industry median of 5.36% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
Embed this chart
Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 15.1% | (1.10) |
| FY2024 | 16.2% | 7.07 |
| FY2023 | 9.11% | (5.58) |
| FY2022 | 14.7% | (3.14) |
| FY2021 | 17.8% | 1.71 |
| FY2020 | 16.1% | (3.50) |
| FY2019 | 19.6% | (1.17) |
| FY2018 | 20.8% | 3.10 |
| FY2017 | 17.7% | 1.81 |
| FY2016 | 15.9% | (1.14) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| OTIS Otis Worldwide Corporation compare | 69.4% |
| ITW Illinois Tool Works Inc. compare | 23.2% |
| ROK Rockwell Automation, Inc. compare | 14.7% |
| CMI Cummins Inc. | 14.4% |
| PH Parker-Hannifin Corporation compare | 13.4% |
| AME AMETEK, Inc. compare | 9.95% |
| EMR Emerson Electric Co. compare | 9.33% |
| ETN Eaton Corporation, PLC compare | 8.71% |
| IR Ingersoll Rand Inc. compare | 6.48% |
| Specialty Industrial Machinery industry median | 5.36% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on CMI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement