Cummins (CMI) Tax Provisions (2009 - 2026)
Cummins (CMI) recorded Tax Provisions of $325 million in Q2 2026, up 9.4% from $297 million a year earlier and up 28.0% from the prior quarter.
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Analysis
Cummins (CMI) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, Cummins' Tax Provisions came in at $1.02 billion as of Jun 30, 2026, up 4.1% year-over-year; for FY2025, it came in at $1.01 billion, up 20.5% from FY2024.
- Annual Tax Provisions has increased for five straight years, with a five-year compound annual growth rate of 13.8% (FY2020 to FY2025).
- Across earlier years, Tax Provisions came in at $835 million in FY2024 (+6.2%), $786 million in FY2023 (+23.6%), $636 million in FY2022 (+8.3%) and $587 million in FY2021 (+11.4%).
- The Q2 2026 figure is the highest quarterly Tax Provisions since Q4 2017.
- On a year-over-year basis, Tax Provisions rose in six of the last eight quarters, with growth averaging 16.1%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 48.5% in Q3 2022, against a decline of 26.4% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $254 million (Q1 2026), $171 million (Q4 2025) and $271 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 1.06 Bn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 604.30 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 529.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 321.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 248.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 122.20 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 198.00 Mn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 183.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 265.00 Mn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 325.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 325.00 Mn |
| Mar 31, 2026 | 254.00 Mn |
| Dec 31, 2025 | 171.00 Mn |
| Sep 30, 2025 | 271.00 Mn |
| Jun 30, 2025 | 297.00 Mn |
| Mar 31, 2025 | 267.00 Mn |
| Dec 31, 2024 | 217.00 Mn |
| Sep 30, 2024 | 200.00 Mn |
| Jun 30, 2024 | 225.00 Mn |
| Mar 31, 2024 | 193.00 Mn |
| Dec 31, 2023 | 163.00 Mn |
| Sep 30, 2023 | 188.00 Mn |
| Jun 30, 2023 | 212.00 Mn |
| Mar 31, 2023 | 223.00 Mn |
| Dec 31, 2022 | 134.00 Mn |
| Sep 30, 2022 | 199.00 Mn |
| Jun 30, 2022 | 148.00 Mn |
| Mar 31, 2022 | 155.00 Mn |
| Dec 31, 2021 | 114.00 Mn |
| Oct 3, 2021 | 134.00 Mn |
API Access
Cummins Tax Provisions 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=tax-provisions&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();