Filing Flows › Cummins (CMI) › Q3 2026 › vs Q3 2025
Cummins (CMI) Q3 2026 vs Q3 2025 (year over year)
Cummins's revenue rose $1.1B (+13%) from $8.3B in Q3 2025 to $9.4B in Q3 2026. The biggest changes: Engine +$467M (+24%); Components +$411M (+21%); Distribution +$137M (+4%). Gross margin 27.7% against 25.6% (+2.1 pts).
Cummins, Q3 2026: revenue $9.4B (+14% year over year), operating margin 15.3%, net earnings $1.1B, operating cash flow $1.4B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 27.7% | 25.6% | +2.1 pts |
| Operating margin | 15.3% | 10.2% | +5.1 pts |
| Net margin | 12.1% | 6.4% | +5.6 pts |
| Free cash flow margin | 11.7% | 12.1% | -0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Distribution | $3.3B | $3.2B | $137M | +4% |
| Components | $2.4B | $2.0B | $411M | +21% |
| Engine | $2.4B | $1.9B | $467M | +24% |
| Power Systems | $1.2B | $1.1B | $124M | +11% |
| Accelera | $95.0M | $113M | −$18.0M | -16% |
| Revenue | $9.4B | $8.3B | $1.1B | +13% |
| Gross profit | $2.6B | $2.1B | $486M | +23% |
| Cost of revenue | $6.8B | $6.2B | $635M | +10% |
| Operating profit | $1.4B | $852M | $592M | +69% |
| Operating expenses | $1.2B | $1.3B | −$106M | -8% |
| Pre-tax earnings | $1.4B | $830M | $590M | +71% |
| Net earnings | $1.1B | $536M | $604M | +113% |
| Minority interests | $29.0M | $23.0M | $6.0M | +26% |
| Income tax | $251M | $271M | −$20.0M | -7% |
| Depreciation & amortization | $288M | $277M | $11.0M | +4% |
| Working capital & other | $23.0M | −$492M | $515M | — |
| Operating cash flow | $1.4B | $1.3B | $100M | +8% |
| Free cash flow (OCF − capex) | $1.1B | $1.0B | $95.0M | +9% |
| Capital expenditures | $303M | $298M | $5.0M | +2% |
Questions
How much did Cummins's revenue grow year over year in Q3 2026?
Cummins's revenue rose $1.1B (+13%) from $8.3B in Q3 2025 to $9.4B in Q3 2026.
What drove Cummins's revenue change in Q3 2026?
Engine +$467M (+24%); Components +$411M (+21%); Distribution +$137M (+4%).