Latest period
$1.26B
YoY change
+2.2%
5Y CAGR
+16.5%
Peak year (2025)
$1.24B
Cumulative CapEx
$18.14B
CapEx history chart for Cummins (CMI) from 1989 to 2025
Latest: $1.24B
CapEx growth chart for Cummins (CMI) from 1989 to 2025
Latest: +2.2%
CapEx history table for Cummins (CMI) from 1989 to 2025
| 2025 | $1.24B | +2.2% | +$27.00M | ||
| 2024 | $1.21B | -0.4% | −$5.00M | ||
| 2023 | $1.21B | +32.4% | +$297.00M | ||
| 2022 | $916.00M | +16.5% | +$130.00M | ||
| 2021 | $786.00M | +36.7% | +$211.00M | ||
| 2020 | $575.00M | -25.8% | −$200.00M | ||
| 2019 | $775.00M | -1.1% | −$9.00M | ||
| 2018 | $784.00M | +33.6% | +$197.00M | ||
| 2017 | $587.00M | -1.2% | −$7.00M | ||
| 2016 | $594.00M | -25.7% | −$205.00M | ||
| 2015 | $799.00M | +0.1% | +$1.00M | ||
| 2014 | $798.00M | +7.8% | +$58.00M | ||
| 2013 | $740.00M | -4.8% | −$37.00M | ||
| 2012 | $777.00M | +13.9% | +$95.00M | ||
| 2011 | $682.00M | +67.6% | +$275.00M | ||
| 2010 | $407.00M | +18.0% | +$62.00M | ||
| 2009 | $345.00M | -44.8% | −$280.00M | ||
| 2008 | $625.00M | +48.8% | +$205.00M | ||
| 2007 | $420.00M | +39.5% | +$119.00M | ||
| 2006 | $301.00M | +61.8% | +$115.00M | ||
| 2005 | $186.00M | +23.2% | +$35.00M | ||
| 2004 | $151.00M | +7.9% | +$11.00M | ||
| 2003 | $140.00M | +55.6% | +$50.00M | ||
| 2002 | $90.00M | -56.3% | −$116.00M | ||
| 2001 | $206.00M | -9.6% | −$22.00M | ||
| 2000 | $228.00M | +6.0% | +$13.00M | ||
| 1999 | $215.00M | -20.7% | −$56.00M | ||
| 1998 | $271.00M | -33.1% | −$134.00M | ||
| 1997 | $405.00M | +33.2% | +$101.00M | ||
| 1996 | $304.00M | +36.3% | +$81.00M | ||
| 1995 | $223.00M | -6.2% | −$14.70M | ||
| 1994 | $237.70M | +36.5% | +$63.50M | ||
| 1993 | $174.20M | +25.1% | +$34.90M | ||
| 1992 | $139.30M | +12.4% | +$15.40M | ||
| 1991 | $123.90M | -15.7% | −$23.10M | ||
| 1990 | $147.00M | +6.6% | +$9.10M | ||
| 1989 | $137.90M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Cummins (CMI)
According to Cummins's latest reported financial statements, the company's current CapEx (TTM) is $1.26B. 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 .
As of the 2025 fiscal year, Cummins (CMI) reported CapEx of $1.24B – edged up 2.2% year-over-year.
Through 2020–2025 (5 years), Cummins CapEx delivered a +16.5% annualised rate; with mixed annual results across the window.
2025 marks the peak CapEx at $1.24B, with the historical low of $90.00M recorded in 2002.
Cummins Capital Expenditures by Year
Cummins Capital Expenditures 2025: $1.24B
Cummins posted CapEx of $1.24B in 2025, edged up 2.2% from 2024. This figure represents the highest annual value in the available history.
Cummins Capital Expenditures 2024: $1.21B
In 2024, Cummins reported CapEx of $1.21B, edged down 0.4% below 2023.
Cummins Capital Expenditures 2023: $1.21B
Cummins CapEx in 2023 was $1.21B, surged 32.4% from 2022.
Cummins Capital Expenditures 2022: $916.00M
2022's CapEx for Cummins came in at $916.00M, grew 16.5% from 2021.
Cummins Capital Expenditures 2021: $786.00M
Cummins CapEx in 2021 was $786.00M.
See more financial history for Cummins (CMI).
Sector peers by CapEx
Industrials peers of Cummins (CMI), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $3.79B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $0.00 |
- $20.74B
- $4.23B
- $3.79B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
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