Shares Outstanding for Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported diluted shares outstanding is 139.00M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CMI
Currently viewingShares OutstandingSwitch metric
Latest period
139.00M
YoY change
-0.3%
5Y CAGR
-1.4%
Peak year (2006)
201.27M
Latest annual
138.70M
Shares Outstanding history chart for Cummins (CMI) from 1985 to 2025
Shares Outstanding history table for Cummins (CMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 138.70M | -0.3% | ||
| 2024 | 139.10M | -2.5% | ||
| 2023 | 142.70M | +0.3% | ||
| 2022 | 142.30M | -2.5% | ||
| 2021 | 145.90M | -2.1% | ||
| 2020 | 149.00M | -4.5% | ||
| 2019 | 156.10M | -4.1% | ||
| 2018 | 162.80M | -2.7% | ||
| 2017 | 167.30M | -1.2% | ||
| 2016 | 169.30M | -5.1% | ||
| 2015 | 178.40M | -2.6% | ||
| 2014 | 183.10M | -2.3% | ||
| 2013 | 187.40M | -1.2% | ||
| 2012 | 189.70M | -2.0% | ||
| 2011 | 193.60M | -1.8% | ||
| 2010 | 197.10M | -0.3% | ||
| 2009 | 197.70M | +0.6% | ||
| 2008 | 196.53M | -1.6% | ||
| 2007 | 199.73M | -0.8% | ||
| 2006 | 201.27M | +0.7% | ||
| 2005 | 199.82M | +5.5% | ||
| 2004 | 189.45M | +19.9% | ||
| 2003 | 158.00M | +1.8% | ||
| 2002 | 155.20M | +1.7% | ||
| 2001 | 152.59M | -4.6% | ||
| 2000 | 160.00M | +3.3% | ||
| 1999 | 154.96M | +1.5% | ||
| 1998 | 152.73M | -1.3% | ||
| 1997 | 154.80M | -3.0% | ||
| 1996 | 159.60M | -1.7% | ||
| 1995 | 162.32M | -2.0% | ||
| 1994 | 165.56M | +13.3% | ||
| 1993 | 146.09M | +11.1% | ||
| 1992 | 131.45M | +10.7% | ||
| 1991 | 118.71M | +20.2% | ||
| 1990 | 98.78M | +18.0% | ||
| 1989 | 83.68M | -1.5% | ||
| 1988 | 85.00M | +2.6% | ||
| 1987 | 82.86M | +1.0% | ||
| 1986 | 82.07M | +6.2% | ||
| 1985 | 77.24M | — |
Shares Outstanding values are taken from Cummins's reported income 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
2025's annual diluted shares outstanding for Cummins (CMI) came in at 138.70M – edged down 0.3% year-over-year.
Through 2020–2025 (5 years), Cummins diluted shares outstanding delivered a -1.4% annualised rate; with a net decline across the window.
Cummins diluted shares outstanding peaked at 201.27M in 2006; the latest annual figure is 138.70M in 2025 (31.1% below peak).
2006 marks the peak diluted shares outstanding at 201.27M, with the historical low of 77.24M recorded in 1985.
Among 8 Industrials peers, Cummins (CMI) ranks 9th; the peer median for diluted shares outstanding is 618.15M.
Cummins Shares Outstanding by Year
Cummins Shares Outstanding 2025: 138.70M
Cummins diluted shares outstanding in 2025 was 138.70M, edged down 0.3% below 2024.
Cummins Shares Outstanding 2024: 139.10M
Cummins diluted shares outstanding in 2024 was 139.10M, edged down 2.5% below 2023.
Cummins Shares Outstanding 2023: 142.70M
Cummins diluted shares outstanding in 2023 was 142.70M, edged up 0.3% from 2022.
Cummins Shares Outstanding 2022: 142.30M
Cummins diluted shares outstanding in 2022 was 142.30M, edged down 2.5% below 2021.
Cummins Shares Outstanding 2021: 145.90M
Cummins diluted shares outstanding in 2021 was 145.90M.
See more financial history for Cummins (CMI).
Sector peers — Shares Outstanding
Companies in the same sector as Cummins, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| RTX Corporation (RTX) | 1.36B | Industrials |
| GE Aerospace (GE) | 1.07B | Industrials |
| The Boeing Company (BA) | 762.30M | Industrials |
| Honeywell International Inc. (HON) | 642.80M | Industrials |
| Union Pacific Corporation (UNP) | 593.50M | Industrials |
| Caterpillar Inc. (CAT) | 469.00M | Industrials |
| Eaton Corporation plc (ETN) | 389.50M | Industrials |
| Deere & Company (DE) | 271.70M | Industrials |
Frequently asked questions
What is Cummins's diluted shares outstanding?
- Latest reported diluted shares outstanding for Cummins (CMI) is 139.00M (period ending December 31, 2025).
How has Cummins diluted shares outstanding changed year-over-year?
- Cummins (CMI) diluted shares outstanding changed -0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins diluted shares outstanding?
- Cummins (CMI) diluted shares outstanding compound annual growth rate is -1.4% over the most recent 5 years available.
When did Cummins diluted shares outstanding hit its highest annual value?
- Cummins diluted shares outstanding reached its highest annual value of 201.27M in 2006.
What was Cummins diluted shares outstanding in 2024?
- Cummins (CMI) diluted shares outstanding in 2024 was 139.10M.
What was Cummins diluted shares outstanding in 2025?
- Cummins (CMI) diluted shares outstanding in 2025 was 138.70M.
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