Cummins annual net debt
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2025
Cummins Net Debt Growth & History (CMI)
Cummins's net debt was $4.60B for fiscal 2025.
View full Cummins company overviewCummins annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.60B | $291.0M | +6.75% |
| 2024 | 2024-12-31 | $4.31B | $1.06B | +32.55% |
| 2023 | 2023-12-31 | $3.25B | −$298.0M | −8.39% |
| 2022 | 2022-12-31 | $3.55B | $2.05B | +136.73% |
| 2021 | 2021-12-31 | $1.50B | $776.0M | +107.18% |
| 2020 | 2020-12-31 | $724.0M | −$255.0M | −26.05% |
| 2019 | 2019-12-31 | $979.0M | $640.0M | +188.79% |
| 2018 | 2018-12-31 | $339.0M | $57.0M | +20.21% |
| 2017 | 2017-12-31 | $282.0M | −$201.0M | −41.61% |
| 2016 | 2016-12-31 | $483.0M | $579.0M | — |
| 2015 | 2015-12-31 | −$96.0M | $605.0M | — |
| 2014 | 2014-12-31 | −$701.0M | $275.0M | — |
| 2013 | 2013-12-31 | −$976.0M | −$366.0M | — |
| 2012 | 2012-12-31 | −$610.0M | $119.0M | — |
| 2011 | 2011-12-31 | −$729.0M | −$467.0M | — |
| 2010 | 2010-12-31 | −$262.0M | $1.0M | — |
| 2009 | 2009-12-31 | −$263.0M | −$505.0M | — |
| 2008 | 2008-12-31 | $242.0M | — | — |
Cummins quarterly net debt
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q2.12
Q3.12
Q4.12
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Q2.13
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Q3.17
Q4.17
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Q3.18
Q4.18
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Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.30B | −$1.38B | −24.24% |
| Q1 2026 | 2026-03-31 | $4.83B | $354.0M | +7.92% |
| Q4 2025 | 2025-12-31 | $4.60B | $291.0M | +6.75% |
| Q3 2025 | 2025-09-30 | $4.95B | $645.0M | +14.99% |
| Q2 2025 | 2025-06-30 | $5.68B | $1.21B | +27.07% |
| Q1 2025 | 2025-03-31 | $4.47B | $668.0M | +17.56% |
| Q4 2024 | 2024-12-31 | $4.31B | $1.06B | +32.55% |
| Q3 2024 | 2024-09-30 | $4.30B | $661.0M | +18.15% |
| Q2 2024 | 2024-06-30 | $4.47B | $84.0M | +1.92% |
| Q1 2024 | 2024-03-31 | $3.80B | $309.0M | +8.84% |
| Q4 2023 | 2023-12-31 | $3.25B | −$298.0M | −8.39% |
| Q3 2023 | 2023-09-30 | $3.64B | $163.0M | +4.69% |
| Q2 2023 | 2023-06-30 | $4.38B | $2.85B | +186.85% |
| Q1 2023 | 2023-03-31 | $3.50B | $1.75B | +99.94% |
| Q4 2022 | 2022-12-31 | $3.55B | $2.05B | +136.73% |
| Q3 2022 | 2022-09-30 | $3.48B | $1.96B | +128.43% |
| Q2 2022 | 2022-06-30 | $1.53B | −$128.0M | −7.73% |
| Q1 2022 | 2022-03-31 | $1.75B | $557.0M | +46.77% |
| Q4 2021 | 2021-12-31 | $1.50B | $776.0M | +107.18% |
| Q3 2021 | 2021-10-03 | $1.52B | $368.0M | +31.86% |
| Q2 2021 | 2021-07-04 | $1.66B | $1.23B | +286.01% |
| Q1 2021 | 2021-04-04 | $1.19B | $785.0M | +193.35% |
| Q4 2020 | 2020-12-31 | $724.0M | −$255.0M | −26.05% |
| Q3 2020 | 2020-09-27 | $1.16B | $602.0M | +108.86% |
| Q2 2020 | 2020-06-28 | $429.0M | −$290.0M | −40.33% |
| Q1 2020 | 2020-03-29 | $406.0M | −$335.0M | −45.21% |
| Q4 2019 | 2019-12-31 | $979.0M | $640.0M | +188.79% |
| Q3 2019 | 2019-09-29 | $553.0M | $171.0M | +44.76% |
| Q2 2019 | 2019-06-30 | $719.0M | $432.0M | +150.52% |
| Q1 2019 | 2019-03-31 | $741.0M | $320.0M | +76.01% |
| Q4 2018 | 2018-12-31 | $339.0M | $57.0M | +20.21% |
| Q3 2018 | 2018-09-30 | $382.0M | −$5.0M | −1.29% |
| Q2 2018 | 2018-07-01 | $287.0M | −$29.0M | −9.18% |
| Q1 2018 | 2018-04-01 | $421.0M | $120.0M | +39.87% |
| Q4 2017 | 2017-12-31 | $282.0M | −$201.0M | −41.61% |
| Q3 2017 | 2017-10-01 | $387.0M | $10.0M | +2.65% |
| Q2 2017 | 2017-07-02 | $316.0M | −$291.0M | −47.94% |
| Q1 2017 | 2017-04-02 | $301.0M | −$447.0M | −59.76% |
| Q4 2016 | 2016-12-31 | $483.0M | $579.0M | — |
| Q3 2016 | 2016-10-02 | $377.0M | $439.0M | — |
| Q2 2016 | 2016-07-03 | $607.0M | $760.0M | — |
| Q1 2016 | 2016-04-03 | $748.0M | $1.11B | — |
| Q4 2015 | 2015-12-31 | −$96.0M | $605.0M | — |
| Q3 2015 | 2015-09-27 | −$62.0M | $655.0M | — |
| Q2 2015 | 2015-06-28 | −$153.0M | $406.0M | — |
| Q1 2015 | 2015-03-29 | −$362.0M | $147.0M | — |
| Q4 2014 | 2014-12-31 | −$701.0M | $275.0M | — |
| Q3 2014 | 2014-09-28 | −$717.0M | $4.0M | — |
| Q2 2014 | 2014-06-29 | −$559.0M | $26.0M | — |
| Q1 2014 | 2014-03-30 | −$509.0M | $184.0M | — |
| Q4 2013 | 2013-12-31 | −$976.0M | −$366.0M | — |
| Q3 2013 | 2013-09-29 | −$721.0M | −$435.0M | — |
| Q2 2013 | 2013-06-30 | −$585.0M | −$176.0M | — |
| Q1 2013 | 2013-03-31 | −$693.0M | −$121.0M | — |
| Q4 2012 | 2012-12-31 | −$610.0M | $119.0M | — |
| Q3 2012 | 2012-09-30 | −$286.0M | $166.0M | — |
| Q2 2012 | 2012-07-01 | −$409.0M | −$59.0M | — |
| Q1 2012 | 2012-04-01 | −$572.0M | −$560.0M | — |
| Q4 2011 | 2011-12-31 | −$729.0M | −$467.0M | — |
| Q3 2011 | 2011-09-25 | −$452.0M | −$368.0M | — |
| Q2 2011 | 2011-06-26 | −$350.0M | −$204.0M | — |
| Q1 2011 | 2011-03-27 | −$12.0M | $138.0M | — |
| Q4 2010 | 2010-12-31 | −$262.0M | $1.0M | — |
| Q3 2010 | 2010-09-26 | −$84.0M | −$19.0M | — |
| Q2 2010 | 2010-06-27 | −$146.0M | −$229.0M | — |
| Q1 2010 | 2010-03-28 | −$150.0M | — | — |
| Q4 2009 | 2009-12-31 | −$263.0M | −$505.0M | — |
| Q3 2009 | 2009-09-27 | −$65.0M | — | — |
| Q2 2009 | 2009-06-28 | $83.0M | — | — |
| Q4 2008 | 2008-12-31 | $242.0M | — | — |
Cummins net debt trends
Over the last five fiscal years, Cummins's net debt increased from $724.0M to $4.60B, a change of $3.88B. The latest reported quarter, Q2 2026, shows $4.30B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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