Buyback yield (TTM)
0.33%
Shareholder yield (TTM)
1.78%
5Y share count change
-6.9%
Buyback spend (TTM)
$243.00M
Cumulative buybacks
$10.09B
Key takeaways
- Cummins (CMI) repurchased about $243.00M of stock over the trailing twelve months.
- Diluted share count is down 6.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at -100.0% per year over the latest 5-year window.
- TTM repurchases used about 15% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Cummins (CMI)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Cummins (CMI)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Cummins (CMI)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Cummins (CMI)
Latest: $0.00
Overview
Cummins (CMI) most recent annual buyback spend stands at $0.00 (2025).
Cummins buyback spend compound annual growth for the 2020–2025 (5 years) window is -100.0%, with a net decline across the window.
Cummins buyback spend plunged from $1.40B in 2021 to $0.00 in 2025, a 100.0% drawdown.
The highest annual buyback spend of $1.40B was reported in 2021. The lowest in the available history was $0.00 in 1989.
Cummins Buyback Spend 2025: $0.00
Cummins buyback spend in 2025 was $0.00.
Cummins Buyback Spend 2024: $0.00
Cummins buyback spend in 2024 was $0.00.
Cummins Buyback Spend 2023: $0.00
In 2023, Cummins reported buyback spend of $0.00, plunged 100.0% below 2022.
Cummins Buyback Spend 2022: $374.00M
Cummins buyback spend in 2022 was $374.00M, plunged 73.3% below 2021.
Cummins Buyback Spend 2021: $1.40B
Cummins buyback spend in 2021 was $1.40B.
See more financial history for Cummins (CMI).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $0.00 | $0.00 | $0.00 | — | 0.14B | -0.3% | |
| 2024 | $0.00 | $0.00 | $0.00 | — | 0.14B | -2.5% | |
| 2023 | $0.00 | $0.00 | $0.00 | — | 0.14B | +0.3% | |
| 2022 | $374.00M | $33.00M | $341.00M | 1.09% | 0.14B | -2.5% | |
| 2021 | $1.40B | $37.00M | $1.36B | 4.51% | 0.15B | -2.1% | |
| 2020 | $641.00M | $31.00M | $610.00M | 1.91% | 0.15B | -4.5% | |
| 2019 | $1.27B | $49.00M | $1.22B | 4.69% | 0.16B | -4.1% | |
| 2018 | $1.14B | $53.00M | $1.09B | 5.43% | 0.16B | -2.7% | |
| 2017 | $451.00M | $41.00M | $410.00M | 1.54% | 0.17B | -1.2% | |
| 2016 | $778.00M | $32.00M | $746.00M | 3.40% | 0.17B | -5.1% | |
| 2015 | $900.00M | $24.00M | $876.00M | 5.83% | 0.18B | -2.6% | |
| 2014 | $670.00M | $36.00M | $634.00M | 2.57% | 0.18B | -2.3% | |
| 2013 | $381.00M | $37.00M | $344.00M | 1.46% | 0.19B | -1.2% | |
| 2012 | $256.00M | $36.00M | $220.00M | 1.25% | 0.19B | -2.0% | |
| 2011 | $629.00M | $42.00M | $587.00M | 3.75% | 0.19B | -1.8% | |
| 2010 | $241.00M | $22.00M | $219.00M | 1.12% | 0.20B | -0.3% | |
| 2009 | $20.00M | $20.00M | $0.00 | 0.22% | 0.20B | +0.6% | |
| 2008 | $128.00M | $28.00M | $100.00M | 2.46% | 0.20B | -1.6% | |
| 2007 | $335.00M | $28.00M | $307.00M | 2.67% | 0.20B | -0.8% | |
| 2006 | $121.00M | $18.00M | $103.00M | 2.05% | 0.20B | +0.7% | |
| 2005 | $38.00M | $16.00M | $22.00M | 0.83% | 0.20B | +5.5% | |
| 2004 | $0.00 | $16.00M | −$16.00M | — | 0.19B | +19.9% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.16B | +1.8% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.16B | +1.7% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.15B | -4.6% | |
| 2000 | $16.00M | $0.00 | $16.00M | — | 0.16B | +3.3% | |
| 1999 | $34.00M | $0.00 | $34.00M | — | 0.15B | +1.5% | |
| 1998 | $14.00M | $0.00 | $14.00M | — | 0.15B | -1.3% | |
| 1997 | $75.00M | $0.00 | $75.00M | — | 0.15B | -3.0% | |
| 1996 | $34.00M | $0.00 | $34.00M | — | 0.16B | — | |
| 1995 | $69.00M | $0.00 | $69.00M | — | — | — | |
| 1994 | $4.30M | $0.00 | $4.30M | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $67.30M | $0.00 | $67.30M | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$0.00
- 2024$0.00
- 2023$0.00
- 2022$374.00M
- 2021$1.40B
- 2020$641.00M
- 2019$1.27B
- 2018$1.14B
- 2017$451.00M
- 2016$778.00M
- 2015$900.00M
- 2014$670.00M
- 2013$381.00M
- 2012$256.00M
- 2011$629.00M
- 2010$241.00M
- 2009$20.00M
- 2008$128.00M
- 2007$335.00M
- 2006$121.00M
- 2005$38.00M
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$16.00M
- 1999$34.00M
- 1998$14.00M
- 1997$75.00M
- 1996$34.00M
- 1995$69.00M
- 1994$4.30M
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$67.30M
- 1989$0.00
Buybacks vs stock-based compensation for Cummins (CMI)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for Cummins (CMI)
How Cummins splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Cummins, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.59B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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