Cummins annual free cash flow
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2025
Cummins Free Cash Flow (FCF) History (CMI)
Cummins reported $2.39B in free cash flow for fiscal 2025, an increase of 755.20% from the previous fiscal year, with a free cash flow margin of 7.09%.
View full Cummins company overviewCummins free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.39B | $2.11B | +755.20% | +7.09% |
| 2024 | 2024-12-31 | $279.0M | −$2.47B | −89.87% | +0.82% |
| 2023 | 2023-12-31 | $2.75B | $1.71B | +163.19% | +8.08% |
| 2022 | 2022-12-31 | $1.05B | −$476.0M | −31.27% | +3.73% |
| 2021 | 2021-12-31 | $1.52B | −$672.0M | −30.63% | +6.34% |
| 2020 | 2020-12-31 | $2.19B | −$287.0M | −11.57% | +11.07% |
| 2019 | 2019-12-31 | $2.48B | $812.0M | +48.65% | +10.53% |
| 2018 | 2018-12-31 | $1.67B | −$102.0M | −5.76% | +7.02% |
| 2017 | 2017-12-31 | $1.77B | $363.0M | +25.78% | +8.67% |
| 2016 | 2016-12-31 | $1.41B | $87.0M | +6.59% | +8.04% |
| 2015 | 2015-12-31 | $1.32B | −$202.0M | −13.26% | +6.91% |
| 2014 | 2014-12-31 | $1.52B | $110.0M | +7.78% | +7.92% |
| 2013 | 2013-12-31 | $1.41B | $571.0M | +67.81% | +8.17% |
| 2012 | 2012-12-31 | $842.0M | −$609.0M | −41.97% | +4.86% |
| 2011 | 2011-12-31 | $1.45B | $809.0M | +126.01% | +8.04% |
| 2010 | 2010-12-31 | $642.0M | −$185.0M | −22.37% | +4.85% |
| 2009 | 2009-12-31 | $827.0M | $383.0M | +86.26% | +7.66% |
| 2008 | 2008-12-31 | $444.0M | −$13.0M | −2.84% | +3.10% |
| 2007 | 2007-12-31 | $457.0M | — | — | +3.50% |
Cummins quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.25B | $696.0M | +125.63% | +13.22% |
| Q1 2026 | 2026-03-31 | $120.0M | $285.0M | — | +1.43% |
| Q4 2025 | 2025-12-31 | $990.0M | $108.0M | +12.24% | +11.60% |
| Q3 2025 | 2025-09-30 | $1.01B | $626.0M | +164.30% | +12.11% |
| Q2 2025 | 2025-06-30 | $554.0M | $1.65B | — | +6.41% |
| Q1 2025 | 2025-03-31 | −$165.0M | −$272.0M | — | −2.02% |
| Q4 2024 | 2024-12-31 | $882.0M | −$58.0M | −6.17% | +10.44% |
| Q3 2024 | 2024-09-30 | $381.0M | −$868.0M | −69.50% | +4.51% |
| Q2 2024 | 2024-06-30 | −$1.09B | −$1.35B | — | −12.40% |
| Q1 2024 | 2024-03-31 | $107.0M | −$195.0M | −64.57% | +1.27% |
| Q4 2023 | 2023-12-31 | $940.0M | $586.0M | +165.54% | +11.00% |
| Q3 2023 | 2023-09-30 | $1.25B | $1.07B | +593.89% | +14.81% |
| Q2 2023 | 2023-06-30 | $262.0M | −$190.0M | −42.04% | +3.03% |
| Q1 2023 | 2023-03-31 | $302.0M | $242.0M | +403.33% | +3.57% |
| Q4 2022 | 2022-12-31 | $354.0M | −$6.0M | −1.67% | +4.56% |
| Q3 2022 | 2022-09-30 | $180.0M | −$239.0M | −57.04% | +2.45% |
| Q2 2022 | 2022-06-30 | $452.0M | −$39.0M | −7.94% | +6.86% |
| Q1 2022 | 2022-03-31 | $60.0M | −$192.0M | −76.19% | +0.94% |
| Q4 2021 | 2021-12-31 | $360.0M | −$522.0M | −59.18% | +6.15% |
| Q3 2021 | 2021-10-03 | $419.0M | −$688.0M | −62.15% | +7.02% |
| Q2 2021 | 2021-07-04 | $491.0M | $590.0M | — | +8.03% |
| Q1 2021 | 2021-04-04 | $252.0M | −$52.0M | −17.11% | +4.14% |
| Q4 2020 | 2020-12-31 | $882.0M | $349.0M | +65.48% | +15.13% |
| Q3 2020 | 2020-09-27 | $1.11B | $137.0M | +14.12% | +21.63% |
| Q2 2020 | 2020-06-28 | −$99.0M | −$774.0M | — | −2.57% |
| Q1 2020 | 2020-03-29 | $304.0M | $1.0M | +0.33% | +6.07% |
| Q4 2019 | 2019-12-31 | $533.0M | −$109.0M | −16.98% | +9.56% |
| Q3 2019 | 2019-09-29 | $970.0M | $230.0M | +31.08% | +16.82% |
| Q2 2019 | 2019-06-30 | $675.0M | $199.0M | +41.81% | +10.85% |
| Q1 2019 | 2019-03-31 | $303.0M | $492.0M | — | +5.05% |
| Q4 2018 | 2018-12-31 | $642.0M | $60.0M | +10.31% | +10.48% |
| Q3 2018 | 2018-09-30 | $740.0M | $195.0M | +35.78% | +12.45% |
| Q2 2018 | 2018-07-01 | $476.0M | $130.0M | +37.57% | +7.76% |
| Q1 2018 | 2018-04-01 | −$189.0M | −$487.0M | — | −3.39% |
| Q4 2017 | 2017-12-31 | $582.0M | $176.0M | +43.35% | +10.63% |
| Q3 2017 | 2017-10-01 | $545.0M | $92.0M | +20.31% | +10.31% |
| Q2 2017 | 2017-07-02 | $346.0M | −$7.0M | −1.98% | +6.81% |
| Q1 2017 | 2017-04-02 | $298.0M | $102.0M | +52.04% | +6.49% |
| Q4 2016 | 2016-12-31 | $406.0M | −$177.0M | −30.36% | +9.02% |
| Q3 2016 | 2016-10-02 | $453.0M | $37.0M | +8.89% | +10.82% |
| Q2 2016 | 2016-07-03 | $353.0M | $104.0M | +41.77% | +7.80% |
| Q1 2016 | 2016-04-03 | $196.0M | $123.0M | +168.49% | +4.57% |
| Q4 2015 | 2015-12-31 | $583.0M | $39.0M | +7.17% | +12.23% |
| Q3 2015 | 2015-09-27 | $416.0M | −$107.0M | −20.46% | +9.00% |
| Q2 2015 | 2015-06-28 | $249.0M | −$51.0M | −17.00% | +4.97% |
| Q1 2015 | 2015-03-29 | $73.0M | −$83.0M | −53.21% | +1.55% |
| Q4 2014 | 2014-12-31 | $544.0M | $47.0M | +9.46% | +10.69% |
| Q3 2014 | 2014-09-28 | $523.0M | $292.0M | +126.41% | +10.70% |
| Q2 2014 | 2014-06-29 | $300.0M | −$71.0M | −19.14% | +6.20% |
| Q1 2014 | 2014-03-30 | $156.0M | −$158.0M | −50.32% | +3.54% |
| Q4 2013 | 2013-12-31 | $497.0M | $18.0M | +3.76% | +10.83% |
| Q3 2013 | 2013-09-29 | $231.0M | −$1.0M | −0.43% | +5.41% |
| Q2 2013 | 2013-06-30 | $371.0M | $135.0M | +57.20% | +8.20% |
| Q1 2013 | 2013-03-31 | $314.0M | $419.0M | — | +8.01% |
| Q4 2012 | 2012-12-31 | $479.0M | $19.0M | +4.13% | +11.16% |
| Q3 2012 | 2012-09-30 | $232.0M | −$230.0M | −49.78% | +5.63% |
| Q2 2012 | 2012-07-01 | $236.0M | −$296.0M | −55.64% | +5.30% |
| Q1 2012 | 2012-04-01 | −$105.0M | −$102.0M | — | −2.35% |
| Q4 2011 | 2011-12-31 | $460.0M | $267.0M | +138.34% | +9.35% |
| Q3 2011 | 2011-09-25 | $462.0M | $349.0M | +308.85% | +9.99% |
| Q2 2011 | 2011-06-26 | $532.0M | $275.0M | +107.00% | +11.46% |
| Q1 2011 | 2011-03-27 | −$3.0M | −$82.0M | — | −0.08% |
| Q4 2010 | 2010-12-31 | $193.0M | −$108.0M | −35.88% | +4.66% |
| Q3 2010 | 2010-09-26 | $113.0M | −$231.0M | −67.15% | +3.32% |
| Q2 2010 | 2010-06-27 | $257.0M | $87.0M | +51.18% | +8.01% |
| Q1 2010 | 2010-03-28 | $79.0M | $67.0M | +558.33% | +3.19% |
| Q4 2009 | 2009-12-31 | $301.0M | $111.0M | +58.42% | +8.85% |
| Q3 2009 | 2009-09-27 | $344.0M | — | — | +13.60% |
| Q2 2009 | 2009-06-28 | $170.0M | — | — | +6.99% |
| Q1 2009 | 2009-03-29 | $12.0M | — | — | +0.49% |
| Q3 2008 | 2008-09-28 | $190.0M | — | — | +5.14% |
Cummins free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.19B to $2.39B, a compound annual growth rate of 1.69%. Cummins's latest reported quarter, Q2 2026, generated $1.25B in free cash flow, an increase of 125.63% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cummins filings at SEC.gov ↗