Cummins (CMI) Research & Development (2009 - 2026)
Cummins' (CMI) quarterly Research & Development came in at $358.0 million in Q1 2026, up 4.07% YoY from $344.0 million in Q1 2025, and up 2.29% on a QoQ basis from $350.0 million in Q4 2025.
Cummins (CMI) Research & Development (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Research & Development data on file, last reported at $358.0 million in 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 climbed to $358.0 million in Q1 2026, from $350.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $390.0 million in Q4 2023 to a low of $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 slumped 99.49% — and 2025, when it soared 17400.0%.
- Tracing CMI's Research & Development over 5 years: stood at $333.0 million in 2022, then grew by 17.12% to $390.0 million in 2023, then tumbled by 99.49% to $2.0 million in 2024, then soared by 17400.0% to $350.0 million in 2025, then rose by 2.29% to $358.0 million in 2026.
- The last three Research & Development figures came in at $358.0 million (Q1 2026), $350.0 million (Q4 2025), and $345.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 227.00 Mn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | - |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | - |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 385.00 Mn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | - |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 173.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | - |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 39.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 385.00 Mn |
| 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 |