Capital Expenditures for Cummins (CMI)
According to Cummins's latest reported financial statements, the company's current capital expenditures (TTM) is $1.24B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMI
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.24B
YoY change
+2.2%
5Y CAGR
+16.5%
Peak year (2025)
$1.24B
Cumulative capital expenditures
$17.95B
CapEx history chart for Cummins (CMI) from 1989 to 2025
CapEx history table for Cummins (CMI) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.24B | +2.2% | ||
| 2024 | $1.21B | -0.4% | ||
| 2023 | $1.21B | +32.4% | ||
| 2022 | $916.00M | +16.5% | ||
| 2021 | $786.00M | +36.7% | ||
| 2020 | $575.00M | -25.8% | ||
| 2019 | $775.00M | -1.1% | ||
| 2018 | $784.00M | +33.6% | ||
| 2017 | $587.00M | -1.2% | ||
| 2016 | $594.00M | -25.7% | ||
| 2015 | $799.00M | +0.1% | ||
| 2014 | $798.00M | +7.8% | ||
| 2013 | $740.00M | -4.8% | ||
| 2012 | $777.00M | +13.9% | ||
| 2011 | $682.00M | +67.6% | ||
| 2010 | $407.00M | +18.0% | ||
| 2009 | $345.00M | -44.8% | ||
| 2008 | $625.00M | +48.8% | ||
| 2007 | $420.00M | +39.5% | ||
| 2006 | $301.00M | +61.8% | ||
| 2005 | $186.00M | +23.2% | ||
| 2004 | $151.00M | +7.9% | ||
| 2003 | $140.00M | +55.6% | ||
| 2002 | $90.00M | -56.3% | ||
| 2001 | $206.00M | -9.6% | ||
| 2000 | $228.00M | +6.0% | ||
| 1999 | $215.00M | -20.7% | ||
| 1998 | $271.00M | -33.1% | ||
| 1997 | $405.00M | +33.2% | ||
| 1996 | $304.00M | +36.3% | ||
| 1995 | $223.00M | -6.2% | ||
| 1994 | $237.70M | +36.5% | ||
| 1993 | $174.20M | +25.1% | ||
| 1992 | $139.30M | +12.4% | ||
| 1991 | $123.90M | -15.7% | ||
| 1990 | $147.00M | +6.6% | ||
| 1989 | $137.90M | — |
CapEx values are taken from Cummins's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Cummins (CMI) reported capital expenditures of $1.24B – edged up 2.2% year-over-year.
Through 2020–2025 (5 years), Cummins capital expenditures delivered a +16.5% annualised rate; with the latest reading among the more recent periods of the dataset.
2025 marks the peak capital expenditures at $1.24B, with the historical low of $90.00M recorded in 2002.
Within Industrials, Cummins (CMI) ranks 7th among 8 peers we track. The peer median for capital expenditures is $2.05B.
Cummins Capital Expenditures by Year
Cummins Capital Expenditures 2025: $1.24B
Cummins capital expenditures in 2025 was $1.24B, edged up 2.2% from 2024. This figure represents the highest annual value in the available history.
Cummins Capital Expenditures 2024: $1.21B
Cummins capital expenditures in 2024 was $1.21B, edged down 0.4% below 2023.
Cummins Capital Expenditures 2023: $1.21B
Cummins capital expenditures in 2023 was $1.21B, surged 32.4% from 2022.
Cummins Capital Expenditures 2022: $916.00M
Cummins capital expenditures in 2022 was $916.00M, grew 16.5% from 2021.
Cummins Capital Expenditures 2021: $786.00M
Cummins capital expenditures in 2021 was $786.00M.
See more financial history for Cummins (CMI).
Sector peers — CapEx
Companies in the same sector as Cummins, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Cummins's capital expenditures?
- Latest reported capital expenditures for Cummins (CMI) is $1.24B (period ending December 31, 2025).
How has Cummins capital expenditures changed year-over-year?
- Cummins (CMI) capital expenditures changed +2.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins capital expenditures?
- Cummins (CMI) capital expenditures compound annual growth rate is +16.5% over the most recent 5 years available.
When did Cummins capital expenditures hit its highest annual value?
- Cummins capital expenditures reached its highest annual value of $1.24B in 2025.
What was Cummins capital expenditures in 2024?
- Cummins (CMI) capital expenditures in 2024 was $1.21B.
What was Cummins capital expenditures in 2025?
- Cummins (CMI) capital expenditures in 2025 was $1.24B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
CMI Overview
Company profile, financial tools, and key metrics
CMI Revenue Counter
Earns $1,068 every second. See per minute, hour, and day.
CMI Earnings Counter
Earns $90.15 per second net profit. See per minute, hour, and day.
CMI Economic Scale
Exceeds Iceland's GDP. Compare with world economies.
CMI What If Invested
What if you had invested $1,000? See historical returns from any date.
CMI How It Makes Money
Discover visual breakdown of $33.67B in revenue — where it comes from and where it goes.
CMI Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
CMI Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
CMI Daily Price Character
Balanced · 46.4% historical win rate (green days). Streaks & record days.
CMI Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
CMI Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
CMI Dividend Profile
Yield: 1.22%. Safety: 7/8. See full history.
CMI Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
CMI Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.