CMICummins

Industrials · Engines · NYSE

We were founded in 1919 as Cummins Engine Company, a corporation in Columbus, Indiana, and one of the first diesel engine manufacturers. 10-K, Item 1

Headquarters: Columbus, IN
CEO: Jennifer W. Rumsey
Next results: around Feb 4, 2027

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RevenueFY2016–25 $33.7B−1.3% FY2024: $34.1B 10-K FY2025 · XBRL Net incomeFY2016–25 $2.8B−28.0% FY2024: $3.9B 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.4B+755.2% FY2024: $279.0M 10-K FY2025 · XBRL Operating marginFY2016–25 12.0%+1.0 pts 10.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 10, 2026 against Feb 11, 2025

Area	What changed	Source
Risk factors	9 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +12.3% vs revenue -1.3% (+13.6 pts)	10-K · XBRL
Critical audit matters changed	New this year: Annual Goodwill Impairment Test - Drivetrain and Braking Systems Reporting Unit (“As described in Notes 1 and 9 to the consolidated financial statements, the Company’s consolidated goodwill balance was $ 2,224 million as of December 31, 2025, of which 34 percent relates to the drivetrain and braking systems reporting unit. Management performs the annual goodwill impairment test a”). No longer listed: Goodwill Impairment Test as of the End of the Fiscal Third Quarter - Drivetrain and Braking Systems Reporting Unit	10-K · XBRL
Accounting checks	9 other checks clear, 2 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 10, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-11. Quoted as filed.

We manufacture, sell and service products globally and rely upon a global supply chain to deliver the raw materials, components, systems and parts that we need to manufacture and service our products. There is currently significant uncertainty about the future relationship between the U.S. and various other countries with respect to…
10-K, Item 1A

All 9 new paragraphs →

Accounting checks

latest 10-K

9 of 11 clear 2 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +12.3% vs revenue -1.3% (+13.6 pts)
!
Critical audit matters changedNew this year: Annual Goodwill Impairment Test - Drivetrain and Braking Systems Reporting Unit (“As described in Notes 1 and 9 to the consolidated financial statements, the Company’s consolidated goodwill balance was $ 2,224 million as of December 31, 2025, of which 34 percent relates to the drivetrain and braking systems reporting unit. Management performs the annual goodwill impairment test a”). No longer listed: Goodwill Impairment Test as of the End of the Fiscal Third Quarter - Drivetrain and Braking Systems Reporting Unit
✓
Cash from operations $3.6B vs net income $3.0B (FY ending 2025-12-31)
✓
Inventory +1.4% vs revenue -1.3% (+2.7 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 20268-K Quarterly results 8-K item 2.02
Nov 5, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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