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| Date | Value |
|---|---|
| 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 |