Cummins (CMI) Dividend Coverage Ratio (2009 - 2026)
Cummins' (CMI) quarterly Dividend Coverage Ratio came in at 3.38 in Q2 2026, down 4.77% on a YoY basis from 3.55 in Q2 2025, and up 42.51% quarter-over-quarter from 2.37 in Q1 2026.
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Analysis
Cummins (CMI) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
Cummins (CMI) has reported Dividend Coverage Ratio for 18 consecutive years, with 3.38 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Dividend Coverage Ratio fell 4.77% year-over-year to 3.38; the trailing twelve-month figure through Jun 2026 stood at 2.46 (down 16.29% YoY), and the FY2025 full-year result was 2.69, down 33.83% from the prior year.
- Dividend Coverage Ratio advanced to 3.38 in Q2 2026 per CMI's latest filing, from 2.37 in the prior quarter.
- Across five years, Dividend Coverage Ratio topped out at 8.34 in Q1 2024 and bottomed at 6.01 in Q4 2023.
- Historically, Dividend Coverage Ratio has averaged 2.59 across 5 years, with a median of 3.0 in 2022.
- The sharpest annual moves came in 2023 and 2024: Dividend Coverage Ratio sank 311.54% in 2023, then soared 134.33% in 2024.
- Over 5 years, Dividend Coverage Ratio stood at 2.84 in 2022, then plunged by 311.54% to 6.01 in 2023, then soared by 127.81% to 1.67 in 2024, then increased by 28.04% to 2.14 in 2025, then soared by 57.74% to 3.38 in 2026.
- According to Business Quant data, Dividend Coverage Ratio over the past three periods registered 3.38, 2.37, and 2.14 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 374.13 Bn | 367.42 Bn | 7.76 Bn | 5.16 |
| 2 | Cummins | 77.17 Bn | 73.56 Bn | 2.47 Bn | 3.38 |
| 3 | Paccar | 65.64 Bn | 56.97 Bn | 1.56 Bn | 4.08 |
| 4 | Borgwarner | 13.75 Bn | 11.48 Bn | 721.00 Mn | 8.56 |
| 5 | Allison Transmission Holdings | 10.84 Bn | 10.44 Bn | 515.00 Mn | 7.54 |
| 6 | Oshkosh | 9.71 Bn | 9.31 Bn | 480.30 Mn | 5.16 |
| 7 | Federal Signal | 7.29 Bn | 7.22 Bn | 203.80 Mn | 9.46 |
| 8 | Terex | 7.23 Bn | 6.82 Bn | 444.00 Mn | 5.50 |
| 9 | Dana | 3.45 Bn | 3.18 Bn | 210.00 Mn | -0.38 |
| 10 | Phinia | 2.53 Bn | 2.16 Bn | 216.00 Mn | 3.64 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.38 |
| Mar 31, 2026 | 2.37 |
| Dec 31, 2025 | 2.14 |
| Sep 30, 2025 | 1.94 |
| Jun 30, 2025 | 3.55 |
| Mar 31, 2025 | 3.28 |
| Dec 31, 2024 | 1.67 |
| Sep 30, 2024 | 3.24 |
| Jun 30, 2024 | 3.16 |
| Mar 31, 2024 | 8.34 |
| Dec 31, 2023 | -6.01 |
| Sep 30, 2023 | 2.76 |
| Jun 30, 2023 | 3.23 |
| Mar 31, 2023 | 3.56 |
| Dec 31, 2022 | 2.84 |
| Sep 30, 2022 | 1.80 |
| Jun 30, 2022 | 3.44 |
| Mar 31, 2022 | 2.02 |
| Dec 31, 2021 | 1.89 |
| Oct 3, 2021 | 2.58 |