Filing Flows › Cummins (CMI) › How it makes money
How Cummins (CMI) makes money
Cummins (CMI) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Distribution brought in $3.3B (35%); Components brought in $2.4B (25%); Engine brought in $2.4B (25%). Of every dollar of revenue, 28¢ was left as gross profit, 15¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Distribution | $3.3B | 35.0% | -0.4% | +4% |
| Components | $2.4B | 25.4% | -1% | +21% |
| Engine | $2.4B | 25.3% | +2% | +24% |
| Power Systems | $1.2B | 13.2% | +3% | +11% |
| Accelera | $95.0M | 1.0% | -32% | -16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $9.4B | 100.0% |
| Cost of revenue | $6.8B | 72.3% |
| Gross profit | $2.6B | 27.7% |
| Operating expenses | $1.2B | 12.4% |
| Operating profit | $1.4B | 15.3% |
| Income tax | $251M | 2.7% |
| Net earnings | $1.1B | 12.1% |
| Operating cash flow | $1.4B | 14.9% |
| Free cash flow | $1.1B | 11.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $9.4B | +14% |
| Q2 2026 | $9.5B | +9% |
| Q1 2026 | $8.4B | +3% |
| Q4 2025 | $8.5B | +1% |
| Q3 2025 | $8.3B | -2% |
| Q2 2025 | $8.6B | -2% |
| Q1 2025 | $8.2B | -3% |
From Cummins' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Cummins make money?
Cummins (CMI) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Distribution brought in $3.3B (35%); Components brought in $2.4B (25%); Engine brought in $2.4B (25%). Of every dollar of revenue, 28¢ was left as gross profit, 15¢ was left as operating profit, 12¢ was left as net earnings.
What is Cummins' biggest business?
Distribution: $3.3B in the third quarter 2026, 35% of revenue, +4% from a year earlier.
What is Cummins' profit margin?
Net earnings were $1.1B, 12.1% of revenue, in the third quarter 2026; the operating margin was 15.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.