Cummins (CMI) Operating Expenses (2009 - 2026)
Cummins' (CMI) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 12.5% on a YoY basis from $1.1 billion in Q2 2025, and up 6.23% quarter-over-quarter from $1.2 billion in Q1 2026.
Analysis
Cummins (CMI) Operating Expenses (2009 - 2026) Analysis & Trends
Cummins (CMI) has reported Operating Expenses for 18 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 12.5% year-over-year to $1.3 billion; the trailing twelve-month figure through Jun 2026 stood at $4.8 billion (up 38.55% YoY), and the FY2025 full-year result was $4.5 billion, down 4.58% from the prior year.
- Operating Expenses advanced to $1.3 billion in Q2 2026 per CMI's latest filing, from $1.2 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.3 billion in Q2 2026 and bottomed at $12.0 million in Q4 2024.
- Historically, Operating Expenses has averaged $1.1 billion across 5 years, with a median of $1.1 billion in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 99.05% in 2024, then jumped 9366.67% in 2025.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then advanced by 17.77% to $1.3 billion in 2023, then tumbled by 99.05% to $12.0 million in 2024, then surged by 9366.67% to $1.1 billion in 2025, then gained by 12.5% to $1.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.3 billion, $1.2 billion, and $1.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.83 Bn | 365.11 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Cummins | 73.24 Bn | 69.63 Bn | 2.47 Bn | 1.28 Bn |
| 3 | Paccar | 61.09 Bn | 52.42 Bn | 1.56 Bn | 6.23 Bn |
| 4 | Borgwarner | 12.90 Bn | 10.63 Bn | 721.00 Mn | 352.00 Mn |
| 5 | Allison Transmission Holdings | 9.67 Bn | 9.27 Bn | 515.00 Mn | 224.00 Mn |
| 6 | Oshkosh | 9.07 Bn | 8.66 Bn | 480.30 Mn | 237.10 Mn |
| 7 | Federal Signal | 6.95 Bn | 6.88 Bn | 203.80 Mn | 78.30 Mn |
| 8 | Terex | 6.75 Bn | 6.34 Bn | 444.00 Mn | 209.00 Mn |
| 9 | Dana | 3.21 Bn | 2.94 Bn | 210.00 Mn | 197.00 Mn |
| 10 | Phinia | 2.25 Bn | 1.88 Bn | 216.00 Mn | 136.00 Mn |
Historic Data
Download Data
Historic 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 |