Cummins (CMI) Debt Ratio (2009 - 2026)
Cummins (CMI) reported Debt Ratio of 0.2 for Q1 2026, up 19.17% on a YoY basis from 0.17 in Q1 2025, and down 1.32% quarter-over-quarter from 0.2 in Q4 2025.
Cummins (CMI) Debt Ratio (2009 - 2026) Analysis & Trends
Cummins has reported Debt Ratio for 18 years, with the latest figure at 0.2 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio rose 19.17% year-over-year to 0.2; the trailing twelve-month figure through Mar 2026 stood at 0.2 (up 19.17% YoY), and the FY2025 full-year result was 0.2, up 17.36% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.2, down from 0.2 in the prior quarter.
- The five-year high for Debt Ratio was 0.22 in Q2 2025, with the low at 0.15 in Q2 2022.
- Historically, Debt Ratio has averaged 0.18 across 5 years, with a median of 0.17 in 2024.
- Annual changes were most pronounced in 2022 — Debt Ratio declined 10.7% — and 2023, when it advanced 22.89%.
- Cummins' Debt Ratio stood at 0.17 in 2022, then retreated by 8.15% to 0.15 in 2023, then gained by 12.28% to 0.17 in 2024, then advanced by 17.36% to 0.2 in 2025, then dropped by 1.32% to 0.2 in 2026.
- The last three Debt Ratio figures came in at 0.2 (Q1 2026), 0.2 (Q4 2025), and 0.21 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 0.04 |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 0.38 |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 0.31 |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 0.20 |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 0.32 |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 0.56 |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 0.13 |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 0.33 |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 0.24 |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 0.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.20 |
| Dec 31, 2025 | 0.20 |
| Sep 30, 2025 | 0.21 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.17 |
| Sep 30, 2024 | 0.17 |
| Jun 30, 2024 | 0.18 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.15 |
| Sep 30, 2023 | 0.17 |
| Jun 30, 2023 | 0.18 |
| Mar 31, 2023 | 0.16 |
| Dec 31, 2022 | 0.17 |
| Sep 30, 2022 | 0.18 |
| Jun 30, 2022 | 0.15 |
| Mar 31, 2022 | 0.15 |
| Dec 31, 2021 | 0.15 |
| Oct 3, 2021 | 0.16 |
| Jul 4, 2021 | 0.16 |