Cummins (CMI) Research & Development (2009 - 2026)
Cummins (CMI) posted Research & Development of $358.0 million for Q1 2026, up 2.29% on a QoQ basis from $350.0 million in Q4 2025, and up 4.07% year-over-year from $344.0 million in Q1 2025.
Cummins (CMI) Research & Development (2009 - 2026) Analysis & Trends
Cummins' Research & Development history runs 18 years deep, the most recent figure standing at $358.0 million for Q1 2026.
- Quarterly Research & Development rose 4.07% year-over-year to $358.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 30.07% YoY) and the FY2025 annual result came in at $1.4 billion, down 4.58% from the prior year.
- Research & Development was $358.0 million for Q1 2026 at Cummins, up from $350.0 million in the prior quarter.
- Across five years, Research & Development topped out at $390.0 million in Q4 2023 and bottomed at $2.0 million in Q4 2024.
- A 5-year average of $331.8 million and a median of $350.0 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development sank 99.49% — and 2025, when it soared 17400.0%.
- Cummins' Research & Development stood at $333.0 million in 2022, then rose by 17.12% to $390.0 million in 2023, then sank by 99.49% to $2.0 million in 2024, then surged by 17400.0% to $350.0 million in 2025, then advanced by 2.29% to $358.0 million in 2026.
- Business Quant data shows CMI's Research & Development at $358.0 million in Q1 2026, $350.0 million in Q4 2025, and $345.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 211.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | - |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 358.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | - |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | - |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 180.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | - |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 56.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 358.00 Mn |
| Dec 31, 2025 | 350.00 Mn |
| Sep 30, 2025 | 345.00 Mn |
| Jun 30, 2025 | 357.00 Mn |
| Mar 31, 2025 | 344.00 Mn |
| Dec 31, 2024 | 2.00 Mn |
| Sep 30, 2024 | 359.00 Mn |
| Jun 30, 2024 | 379.00 Mn |
| Mar 31, 2024 | 369.00 Mn |
| Dec 31, 2023 | 390.00 Mn |
| Sep 30, 2023 | 376.00 Mn |
| Jun 30, 2023 | 384.00 Mn |
| Mar 31, 2023 | 350.00 Mn |
| Dec 31, 2022 | 333.00 Mn |
| Sep 30, 2022 | 348.00 Mn |
| Jun 30, 2022 | 299.00 Mn |
| Mar 31, 2022 | 298.00 Mn |
| Dec 31, 2021 | 288.00 Mn |
| Oct 3, 2021 | 266.00 Mn |
| Jul 4, 2021 | 276.00 Mn |