Cummins (CMI) Deferred Taxes (2009 - 2026)
Cummins (CMI) posted Deferred Taxes of -$12.0 million for Q1 2026, down 166.67% on a QoQ basis from $18.0 million in Q4 2025, and up 52.0% year-over-year from -$7.9 million in Q1 2025.
Cummins (CMI) Deferred Taxes (2009 - 2026) Analysis & Trends
Cummins' Deferred Taxes history runs 18 years deep, the most recent figure standing at -$12.0 million for Q1 2026.
- Quarterly Deferred Taxes rose 52.0% year-over-year to -$12.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $99.0 million (up 150.51% YoY) and the FY2025 annual result came in at $86.0 million, up 141.15% from the prior year.
- Deferred Taxes was -$12.0 million for Q1 2026 at Cummins, down from $18.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $206.0 million in Q3 2025 and bottomed at -$219.0 million in Q4 2023.
- A 5-year average of -$50.9 million and a median of -$61.0 million in 2024 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2022 — Deferred Taxes tumbled 925.0% — and 2025, when it surged 3042.86%.
- Cummins' Deferred Taxes stood at -$80.0 million in 2022, then tumbled by 173.75% to -$219.0 million in 2023, then soared by 52.97% to -$103.0 million in 2024, then surged by 117.48% to $18.0 million in 2025, then slumped by 166.67% to -$12.0 million in 2026.
- Business Quant data shows CMI's Deferred Taxes at -$12.0 million in Q1 2026, $18.0 million in Q4 2025, and $206.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | - |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | -37.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 2.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | -12.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | -1.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 16.06 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | - |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | - |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.00 Mn |
| Dec 31, 2025 | 18.00 Mn |
| Sep 30, 2025 | 206.00 Mn |
| Jun 30, 2025 | -113.00 Mn |
| Mar 31, 2025 | -25.00 Mn |
| Dec 31, 2024 | -103.00 Mn |
| Sep 30, 2024 | -7.00 Mn |
| Jun 30, 2024 | -61.00 Mn |
| Mar 31, 2024 | -38.00 Mn |
| Dec 31, 2023 | -219.00 Mn |
| Sep 30, 2023 | -106.00 Mn |
| Jun 30, 2023 | -94.00 Mn |
| Mar 31, 2023 | -38.00 Mn |
| Dec 31, 2022 | -80.00 Mn |
| Sep 30, 2022 | -82.00 Mn |
| Jun 30, 2022 | -46.00 Mn |
| Mar 31, 2022 | -66.00 Mn |
| Dec 31, 2021 | -37.00 Mn |
| Oct 3, 2021 | 27.00 Mn |
| Jul 4, 2021 | 9.00 Mn |