Cummins (CMI) Invested Capital (2009 - 2026)
Cummins' Invested Capital was $21.25 billion in Q2 2026, up 2.9% from $20.65 billion a year earlier and up 2.6% from the prior quarter.
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Analysis
Cummins (CMI) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Cummins came in at $20.65 billion, up 14.4% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- In earlier years, Invested Capital was $18.05 billion in FY2024 (+10.6%), $16.32 billion in FY2023 (-7.3%), $17.61 billion in FY2022 (+35.6%) and $12.99 billion in FY2021 (+2.2%).
- The Q2 2026 figure marks the highest quarterly Invested Capital in data going back to Q2 2009.
- Compared with a year earlier, Invested Capital has increased for seven straight quarters, with growth averaging 9.5% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q1 2023 (growth of 41.2%); the worst was Q1 2024 (a decline of 8.5%).
- Per Business Quant data, CMI's Invested Capital in the three quarters before Q2 2026 was $20.71 billion (Q1 2026), $20.65 billion (Q4 2025) and $20.4 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 354.00 Bn | 325.69 Bn | 7.76 Bn | 64.54 Bn |
| 2 | Amphenol | 211.19 Bn | 205.77 Bn | 3.55 Bn | 34.42 Bn |
| 3 | Deere | 174.79 Bn | 142.88 Bn | 4.66 Bn | 51.21 Bn |
| 4 | Eaton | 166.32 Bn | 163.51 Bn | 2.86 Bn | 40.91 Bn |
| 5 | Parker-Hannifin | 121.11 Bn | 119.23 Bn | 2.25 Bn | 23.93 Bn |
| 6 | Vertiv Holdings | 91.26 Bn | 81.88 Bn | 1.23 Bn | 7.70 Bn |
| 7 | Emerson Electric | 91.05 Bn | 83.78 Bn | 2.66 Bn | 33.51 Bn |
| 8 | 3M | 84.14 Bn | 65.54 Bn | 2.68 Bn | 15.56 Bn |
| 9 | Illinois Tool Works | 76.04 Bn | 72.60 Bn | 1.90 Bn | 12.59 Bn |
| 10 | Cummins | 72.90 Bn | 68.97 Bn | 2.47 Bn | 21.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.25 Bn |
| Mar 31, 2026 | 20.71 Bn |
| Dec 31, 2025 | 20.65 Bn |
| Sep 30, 2025 | 20.40 Bn |
| Jun 30, 2025 | 20.65 Bn |
| Mar 31, 2025 | 19.17 Bn |
| Dec 31, 2024 | 18.05 Bn |
| Sep 30, 2024 | 18.49 Bn |
| Jun 30, 2024 | 17.77 Bn |
| Mar 31, 2024 | 16.59 Bn |
| Dec 31, 2023 | 16.32 Bn |
| Sep 30, 2023 | 18.91 Bn |
| Jun 30, 2023 | 18.64 Bn |
| Mar 31, 2023 | 18.14 Bn |
| Dec 31, 2022 | 17.61 Bn |
| Sep 30, 2022 | 17.26 Bn |
| Jun 30, 2022 | 13.69 Bn |
| Mar 31, 2022 | 12.85 Bn |
| Dec 31, 2021 | 12.99 Bn |
| Oct 3, 2021 | 12.56 Bn |
API Access
Cummins Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "CMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();