Cummins (CMI) Operating Income (2009 - 2026)
Cummins (CMI) reported Operating Income of $1.28 billion for Q2 2026, up 4.3% from $1.23 billion a year earlier and up 34.8% from the prior quarter.
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Analysis
Cummins (CMI) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cummins' Operating Income came in at $3.89 billion, down 6.0% year-over-year; for FY2025, it was $4.03 billion, up 7.3% from FY2024.
- Operating Income has a five-year compound annual growth rate of 12.1% (FY2020 to FY2025).
- By year, Operating Income came in at $3.75 billion in FY2024 (+112.9%), $1.76 billion in FY2023 (-39.9%), $2.93 billion in FY2022 (+8.2%) and $2.71 billion in FY2021 (+19.3%).
- The Q2 2026 figure ranks as the highest quarterly Operating Income in data going back to Q1 2009.
- Year over year, Operating Income gained in five of the last seven quarters, with growth averaging 4.4%.
- The high point for year-over-year Operating Income in five years was Q1 2023 (growth of 69.9%); the low point was Q1 2022 (a decline of 25.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $949 million (Q1 2026), $813 million (Q4 2025) and $852 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 4.30 Bn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 2.58 Bn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 1.86 Bn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 1.39 Bn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 1.37 Bn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 637.90 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 1.31 Bn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 984.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 1.15 Bn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 1.28 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Bn |
| Mar 31, 2026 | 949.00 Mn |
| Dec 31, 2025 | 813.00 Mn |
| Sep 30, 2025 | 852.00 Mn |
| Jun 30, 2025 | 1.23 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 732.00 Mn |
| Sep 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 1.05 Bn |
| Mar 31, 2024 | 923.00 Mn |
| Dec 31, 2023 | -1.21 Bn |
| Sep 30, 2023 | 950.00 Mn |
| Jun 30, 2023 | 997.00 Mn |
| Mar 31, 2023 | 1.03 Bn |
| Dec 31, 2022 | 802.00 Mn |
| Sep 30, 2022 | 626.00 Mn |
| Jun 30, 2022 | 897.00 Mn |
| Mar 31, 2022 | 604.00 Mn |
| Dec 31, 2021 | 495.00 Mn |
| Oct 3, 2021 | 666.00 Mn |
API Access
Cummins Operating Income 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=operating-income&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();