Cummins (CMI) Operating Expenses (2009 - 2026)
Cummins' (CMI) quarterly Operating Expenses came in at $1.2 billion in Q1 2026, up 7.89% YoY from $1.1 billion in Q1 2025, and up 5.9% on a QoQ basis from $1.1 billion in Q4 2025.
Cummins (CMI) Operating Expenses (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Operating Expenses data on file, last reported at $1.2 billion in Q1 2026.
- Quarterly Operating Expenses rose 7.89% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.6 billion (up 31.69% YoY) and the FY2025 annual result came in at $4.5 billion, down 4.58% from the prior year.
- Operating Expenses improved to $1.2 billion in Q1 2026, from $1.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q4 2023 to a low of $12.0 million in Q4 2024.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses plunged 99.05% — and 2025, when it soared 9366.67%.
- Tracing CMI's Operating Expenses over 5 years: stood at $1.1 billion in 2022, then rose by 17.77% to $1.3 billion in 2023, then sank by 99.05% to $12.0 million in 2024, then soared by 9366.67% to $1.1 billion in 2025, then rose by 5.9% to $1.2 billion in 2026.
- The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.1 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 1.34 Bn |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 1.28 Bn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 1.52 Bn |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 663.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 400.80 Mn |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 3.28 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Bn |
| Mar 31, 2026 | 1.20 Bn |
| Dec 31, 2025 | 1.14 Bn |
| Sep 30, 2025 | 1.13 Bn |
| Jun 30, 2025 | 1.14 Bn |
| Mar 31, 2025 | 1.12 Bn |
| Dec 31, 2024 | 12.00 Mn |
| Sep 30, 2024 | 1.17 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 1.21 Bn |
| Dec 31, 2023 | 1.27 Bn |
| Sep 30, 2023 | 1.21 Bn |
| Jun 30, 2023 | 1.26 Bn |
| Mar 31, 2023 | 1.10 Bn |
| Dec 31, 2022 | 1.08 Bn |
| Sep 30, 2022 | 1.06 Bn |
| Jun 30, 2022 | 921.00 Mn |
| Mar 31, 2022 | 913.00 Mn |
| Dec 31, 2021 | 917.00 Mn |
| Oct 3, 2021 | 837.00 Mn |