Cummins (CMI) Notes Payables (2009 - 2026)
Cummins' Notes Payables came in at $459 million for Q2 2026, up 30.0% from $353 million a year earlier and up 1.8% from the prior quarter.
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Analysis
Cummins (CMI) Notes Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Cummins' Notes Payables was $353 million, down 72.8% from FY2024.
- Notes Payables has declined in each of the last three years, though with a five-year compound annual growth rate of 1.8% (FY2020 to FY2025).
- Going back by year, Notes Payables was $1.3 billion in FY2024 (-13.3%), $1.5 billion in FY2023 (-41.7%), $2.57 billion in FY2022 (+722.4%) and $313 million in FY2021 (-3.1%).
- The Q2 2026 figure represents the highest quarterly Notes Payables since Q1 2025.
- Year-over-year, Notes Payables increased in two of the last eight quarters, with an average decline of 13.2%.
- The fastest year-over-year change in Notes Payables over five years came in Q4 2022 (growth of 722.4%), and the weakest in Q3 2025 (a decline of 78.4%).
- Business Quant data shows CMI's Notes Payables at $451 million (Q1 2026), $353 million (Q4 2025) and $353 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn |
| 10 | Cummins | 71.32 Bn | 68.45 Bn | 2.47 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 459.00 Mn |
| Mar 31, 2026 | 451.00 Mn |
| Dec 31, 2025 | 353.00 Mn |
| Sep 30, 2025 | 353.00 Mn |
| Jun 30, 2025 | 353.00 Mn |
| Mar 31, 2025 | 1.74 Bn |
| Dec 31, 2024 | 1.30 Bn |
| Sep 30, 2024 | 1.64 Bn |
| Jun 30, 2024 | 1.60 Bn |
| Mar 31, 2024 | 609.00 Mn |
| Dec 31, 2023 | 1.50 Bn |
| Sep 30, 2023 | 1.71 Bn |
| Jun 30, 2023 | 1.62 Bn |
| Mar 31, 2023 | 2.55 Bn |
| Dec 31, 2022 | 2.57 Bn |
| Sep 30, 2022 | 2.39 Bn |
| Jun 30, 2022 | 705.00 Mn |
| Mar 31, 2022 | 311.00 Mn |
| Dec 31, 2021 | 313.00 Mn |
| Oct 3, 2021 | 200.00 Mn |
API Access
Cummins Notes Payables 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=notes-payables&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();