CMI Cummins

FY2025 10-K
Filed: Feb 10, 2026
Industrials
Engines & TurbinesSEC EDGAR

Cummins (CMI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 10, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Global power leader providing diesel, electric, hybrid powertrains, power generation, components and zero emissions tech across five segments
  • New divestiture: Completed tax-free split-off of 80.5% ownership of Atmus in March 2024, reducing shares by 5.6 million and gaining $1.3B
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Management Discussion & Analysis

  • Revenue $33.67B, down 1% YoY ($432M decrease) driven by lower Engine (-7%) and Components (-13%) sales, partially offset by Power Systems (+16%) and Distribution (+9%)
  • Operating margin 11.9% (Operating income $4.03B on $33.67B sales) vs 11.0% (2024), gross margin 25.3% vs 24.7%, SG&A 9.3% vs 9.6%, R&D 4.1% vs 4.3%
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Risk Factors

  • Cybersecurity regulatory risk from compliance with NIST Cybersecurity Framework as part of enterprise risk management program
  • Geopolitical supply chain threat via third-party vendors assessed for cybersecurity risks in vendor data sharing
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Financial Summary
XBRL

Revenue

$33.7B

Net Income

$2.8B

Gross Margin

25.3%

Operating Margin

12.0%

Net Margin

8.4%

ROE

23.0%

Total Assets

$34.0B

EPS (Diluted)

$20.50

Operating Cash Flow

$3.6B

Source: XBRL data from Cummins FY2025 10-K filing on SEC EDGAR. All figures in USD.

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