Cummins (CMI) Capital Expenditures (2009 - 2026)
Cummins' Capital Expenditures was $249 million in Q2 2026, up 7.8% from $231 million a year earlier and up 31.7% from the prior quarter.
Cummins (CMI) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cummins' Capital Expenditures was $1.28 billion through Jun 30, 2026, up 7.4% year-over-year; for FY2025, it came in at $1.24 billion, up 2.2% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 18.5% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $1.21 billion in FY2024 (-0.4%), $1.21 billion in FY2023 (+32.4%), $916 million in FY2022 (+24.8%) and $734 million in FY2021 (+39.0%).
- Quarterly Capital Expenditures has moved between $104 million (Q1 2022) and $544 million (Q4 2025) over five years.
- Compared with a year earlier, Capital Expenditures has increased for four straight quarters, with growth averaging 3.6% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q1 2023 (growth of 85.6%); the worst was Q1 2024 (a decline of 12.4%).
- Per Business Quant data, CMI's Capital Expenditures in the three quarters before Q2 2026 was $189 million (Q1 2026), $544 million (Q4 2025) and $298 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 587.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 355.50 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 638.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 253.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 173.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 173.30 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 102.00 Mn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 223.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 92.00 Mn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 249.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 249.00 Mn |
| Mar 31, 2026 | 189.00 Mn |
| Dec 31, 2025 | 544.00 Mn |
| Sep 30, 2025 | 298.00 Mn |
| Jun 30, 2025 | 231.00 Mn |
| Mar 31, 2025 | 162.00 Mn |
| Dec 31, 2024 | 540.00 Mn |
| Sep 30, 2024 | 259.00 Mn |
| Jun 30, 2024 | 240.00 Mn |
| Mar 31, 2024 | 169.00 Mn |
| Dec 31, 2023 | 519.00 Mn |
| Sep 30, 2023 | 280.00 Mn |
| Jun 30, 2023 | 221.00 Mn |
| Mar 31, 2023 | 193.00 Mn |
| Dec 31, 2022 | 463.00 Mn |
| Sep 30, 2022 | 202.00 Mn |
| Jun 30, 2022 | 147.00 Mn |
| Mar 31, 2022 | 104.00 Mn |
| Dec 31, 2021 | 372.00 Mn |
| Oct 3, 2021 | 150.00 Mn |
Cummins Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CMI&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();