Cummins (CMI) Invested Capital (2009 - 2026)
Cummins' (CMI) quarterly Invested Capital came in at $21.3 billion in Q2 2026, up 2.93% on a YoY basis from $20.6 billion in Q2 2025, and up 2.63% quarter-over-quarter from $20.7 billion in Q1 2026.
Analysis
Cummins (CMI) Invested Capital (2009 - 2026) Analysis & Trends
Cummins (CMI) has reported Invested Capital for 18 consecutive years, with $21.3 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 2.93% year-over-year to $21.3 billion; the trailing twelve-month figure through Jun 2026 stood at $21.3 billion (up 2.93% YoY), and the FY2025 full-year result was $20.6 billion, up 14.38% from the prior year.
- Invested Capital rose to $21.3 billion in Q2 2026 per CMI's latest filing, from $20.7 billion in the prior quarter.
- Across five years, Invested Capital topped out at $21.3 billion in Q2 2026 and bottomed at $12.9 billion in Q1 2022.
- Historically, Invested Capital has averaged $18.2 billion across 5 years, with a median of $18.3 billion in 2023.
- The sharpest annual moves came in 2023 and 2024: Invested Capital jumped 41.16% in 2023, then declined 8.54% in 2024.
- Over 5 years, Invested Capital stood at $17.6 billion in 2022, then decreased by 7.31% to $16.3 billion in 2023, then advanced by 10.59% to $18.1 billion in 2024, then grew by 14.38% to $20.6 billion in 2025, then grew by 2.94% to $21.3 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $21.3 billion, $20.7 billion, and $20.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.83 Bn | 365.11 Bn | 7.76 Bn | 53.85 Bn |
| 2 | Cummins | 73.24 Bn | 69.63 Bn | 2.47 Bn | 21.25 Bn |
| 3 | Paccar | 61.09 Bn | 52.42 Bn | 1.56 Bn | 30.23 Bn |
| 4 | Borgwarner | 12.90 Bn | 10.63 Bn | 721.00 Mn | 9.67 Bn |
| 5 | Allison Transmission Holdings | 9.67 Bn | 9.27 Bn | 515.00 Mn | 6.09 Bn |
| 6 | Oshkosh | 9.07 Bn | 8.66 Bn | 480.30 Mn | 5.63 Bn |
| 7 | Federal Signal | 6.95 Bn | 6.88 Bn | 203.80 Mn | 1.96 Bn |
| 8 | Terex | 6.75 Bn | 6.34 Bn | 444.00 Mn | 7.61 Bn |
| 9 | Dana | 3.21 Bn | 2.94 Bn | 210.00 Mn | 3.33 Bn |
| 10 | Phinia | 2.25 Bn | 1.88 Bn | 216.00 Mn | 2.61 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 |