Cummins (CMI) Deferred Taxes (2009 - 2026)
Cummins' (CMI) quarterly Deferred Taxes came in at -$12.0 million in Q1 2026, up 52.0% YoY from -$7.9 million in Q1 2025, and down 166.67% on a QoQ basis from $18.0 million in Q4 2025.
Cummins (CMI) Deferred Taxes (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Deferred Taxes data on file, last reported at -$12.0 million in 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 declined to -$12.0 million in Q1 2026, from $18.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $206.0 million in Q3 2025 to a low of -$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 plunged 925.0% — and 2025, when it surged 3042.86%.
- Tracing CMI's Deferred Taxes over 5 years: stood at -$80.0 million in 2022, then sank by 173.75% to -$219.0 million in 2023, then jumped by 52.97% to -$103.0 million in 2024, then soared by 117.48% to $18.0 million in 2025, then plunged by 166.67% to -$12.0 million in 2026.
- The last three Deferred Taxes figures came in at -$12.0 million (Q1 2026), $18.0 million (Q4 2025), and $206.0 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | - |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | -98.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 2.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | - |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 27.00 Mn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | -6.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | -24.42 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | - |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | - |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | -42.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.00 Mn |
| 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 |