Cummins (CMI) Debt to Equity (2009 - 2026)
Cummins (CMI) reported Debt to Equity of $0.51 for Q1 2026, up 12.97% on a YoY basis from $0.46 in Q1 2025, and down 7.65% quarter-over-quarter from $0.56 in Q4 2025.
Cummins (CMI) Debt to Equity (2009 - 2026) Analysis & Trends
Cummins has reported Debt to Equity for 18 years, with the latest figure at $0.51 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 12.97% year-over-year to $0.51; the trailing twelve-month figure through Mar 2026 stood at $0.51 (up 12.97% YoY), and the FY2025 full-year result was $0.56, up 15.83% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.51, down from $0.56 in the prior quarter.
- The five-year high for Debt to Equity was $0.59 in Q3 2022, with the low at $0.38 in Q2 2022.
- Historically, Debt to Equity has averaged $0.5 across 5 years, with a median of $0.5 in 2023.
- The largest YoY upside for Debt to Equity was 39.98% in 2022 against a maximum downside of 99.48% in 2022.
- Cummins' Debt to Equity stood at $0.51 in 2022, then retreated by 2.36% to $0.5 in 2023, then retreated by 3.09% to $0.48 in 2024, then climbed by 15.83% to $0.56 in 2025, then retreated by 7.65% to $0.51 in 2026.
- The last three Debt to Equity figures came in at $0.51 (Q1 2026), $0.56 (Q4 2025), and $0.58 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 0.19 |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 1.07 |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 0.66 |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 0.51 |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 0.66 |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 2.83 |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 0.20 |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 1.03 |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 0.44 |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 0.47 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.51 |
| Dec 31, 2025 | 0.56 |
| Sep 30, 2025 | 0.58 |
| Jun 30, 2025 | 0.58 |
| Mar 31, 2025 | 0.46 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.49 |
| Jun 30, 2024 | 0.53 |
| Mar 31, 2024 | 0.58 |
| Dec 31, 2023 | 0.50 |
| Sep 30, 2023 | 0.47 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.47 |
| Dec 31, 2022 | 0.51 |
| Sep 30, 2022 | 0.59 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.40 |
| Dec 31, 2021 | 0.40 |
| Oct 3, 2021 | 0.42 |
| Jul 4, 2021 | 0.44 |