Cummins (CMI) Operating Expenses (2009 - 2026)

Cummins (CMI) reported Operating Expenses of $1.2 billion for Q1 2026, up 7.89% on a YoY basis from $1.1 billion in Q1 2025, and up 5.9% quarter-over-quarter from $1.1 billion in Q4 2025.

Cummins (CMI) Operating Expenses (2009 - 2026) Analysis & Trends

Cummins has reported Operating Expenses for 18 years, with the latest figure at $1.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 7.89% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $4.6 billion (up 31.69% YoY), and the FY2025 full-year result was $4.5 billion, down 4.58% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.2 billion, up from $1.1 billion in the prior quarter.
  • The five-year high for Operating Expenses was $1.3 billion in Q4 2023, with the low 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.
  • Annual changes were most pronounced in 2024 — Operating Expenses plunged 99.05% — and 2025, when it soared 9366.67%.
  • Cummins' Operating Expenses 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 1.60 Bn
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 1.48 Bn
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 884.00 Mn
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 1.20 Bn
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 1.32 Bn
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn -
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 1.41 Bn
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 658.00 Mn
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 492.23 Mn
10 Ingersoll Rand 28.28 Bn 27.07 Bn 792.40 Mn 370.70 Mn

Historic Data

Download Data
DateValue
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
Jul 4, 2021 876.00 Mn