Cummins annual r&d spending
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Cummins R&D Spending Growth & History (CMI)
Cummins's r&d spending was $1.40B for fiscal 2025.
View full Cummins company overviewCummins annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.40B | −$67.0M | −4.58% |
| 2024 | 2024-12-31 | $1.46B | −$37.0M | −2.47% |
| 2023 | 2023-12-31 | $1.50B | $222.0M | +17.37% |
| 2022 | 2022-12-31 | $1.28B | $188.0M | +17.25% |
| 2021 | 2021-12-31 | $1.09B | $184.0M | +20.31% |
| 2020 | 2020-12-31 | $906.0M | −$95.0M | −9.49% |
| 2019 | 2019-12-31 | $1.00B | $99.0M | +10.98% |
| 2018 | 2018-12-31 | $902.0M | $148.0M | +19.63% |
| 2017 | 2017-12-31 | $754.0M | $117.0M | +18.37% |
| 2016 | 2016-12-31 | $637.0M | −$98.0M | −13.33% |
| 2015 | 2015-12-31 | $735.0M | −$19.0M | −2.52% |
| 2014 | 2014-12-31 | $754.0M | $41.0M | +5.75% |
| 2013 | 2013-12-31 | $713.0M | −$15.0M | −2.06% |
| 2012 | 2012-12-31 | $728.0M | $99.0M | +15.74% |
| 2011 | 2011-12-31 | $629.0M | $215.0M | +51.93% |
| 2010 | 2010-12-31 | $414.0M | $52.0M | +14.36% |
| 2009 | 2009-12-31 | $362.0M | −$60.0M | −14.22% |
| 2008 | 2008-12-31 | $422.0M | $93.0M | +28.27% |
| 2007 | 2007-12-31 | $329.0M | — | — |
Cummins quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $385.0M | $28.0M | +7.84% |
| Q1 2026 | 2026-03-31 | $358.0M | $14.0M | +4.07% |
| Q4 2025 | 2025-12-31 | $350.0M | −$6.0M | −1.69% |
| Q3 2025 | 2025-09-30 | $345.0M | −$14.0M | −3.90% |
| Q2 2025 | 2025-06-30 | $357.0M | −$22.0M | −5.80% |
| Q1 2025 | 2025-03-31 | $344.0M | −$25.0M | −6.78% |
| Q4 2024 | 2024-12-31 | $356.0M | −$34.0M | −8.72% |
| Q3 2024 | 2024-09-30 | $359.0M | −$17.0M | −4.52% |
| Q2 2024 | 2024-06-30 | $379.0M | −$5.0M | −1.30% |
| Q1 2024 | 2024-03-31 | $369.0M | $19.0M | +5.43% |
| Q4 2023 | 2023-12-31 | $390.0M | $57.0M | +17.12% |
| Q3 2023 | 2023-09-30 | $376.0M | $28.0M | +8.05% |
| Q2 2023 | 2023-06-30 | $384.0M | $85.0M | +28.43% |
| Q1 2023 | 2023-03-31 | $350.0M | $52.0M | +17.45% |
| Q4 2022 | 2022-12-31 | $333.0M | $45.0M | +15.63% |
| Q3 2022 | 2022-09-30 | $348.0M | $82.0M | +30.83% |
| Q2 2022 | 2022-06-30 | $299.0M | $23.0M | +8.33% |
| Q1 2022 | 2022-03-31 | $298.0M | $38.0M | +14.62% |
| Q4 2021 | 2021-12-31 | $288.0M | $33.0M | +12.94% |
| Q3 2021 | 2021-10-03 | $266.0M | $42.0M | +18.75% |
| Q2 2021 | 2021-07-04 | $276.0M | $87.0M | +46.03% |
| Q1 2021 | 2021-04-04 | $260.0M | $22.0M | +9.24% |
| Q4 2020 | 2020-12-31 | $255.0M | −$16.0M | −5.90% |
| Q3 2020 | 2020-09-27 | $224.0M | −$18.0M | −7.44% |
| Q2 2020 | 2020-06-28 | $189.0M | −$62.0M | −24.70% |
| Q1 2020 | 2020-03-29 | $238.0M | $1.0M | +0.42% |
| Q4 2019 | 2019-12-31 | $271.0M | $27.0M | +11.07% |
| Q3 2019 | 2019-09-29 | $242.0M | $13.0M | +5.68% |
| Q2 2019 | 2019-06-30 | $251.0M | $32.0M | +14.61% |
| Q1 2019 | 2019-03-31 | $237.0M | $27.0M | +12.86% |
| Q4 2018 | 2018-12-31 | $244.0M | $36.0M | +17.31% |
| Q3 2018 | 2018-09-30 | $229.0M | $16.0M | +7.51% |
| Q2 2018 | 2018-07-01 | $219.0M | $44.0M | +25.14% |
| Q1 2018 | 2018-04-01 | $210.0M | $52.0M | +32.91% |
| Q4 2017 | 2017-12-31 | $208.0M | $49.0M | +30.82% |
| Q3 2017 | 2017-10-01 | $213.0M | $56.0M | +35.67% |
| Q2 2017 | 2017-07-02 | $175.0M | $20.0M | +12.90% |
| Q1 2017 | 2017-04-02 | $158.0M | −$8.0M | −4.82% |
| Q4 2016 | 2016-12-31 | $159.0M | −$18.0M | −10.17% |
| Q3 2016 | 2016-10-02 | $157.0M | −$40.0M | −20.30% |
| Q2 2016 | 2016-07-03 | $155.0M | −$11.0M | −6.63% |
| Q1 2016 | 2016-04-03 | $166.0M | −$29.0M | −14.87% |
| Q4 2015 | 2015-12-31 | $177.0M | −$10.0M | −5.35% |
| Q3 2015 | 2015-09-27 | $197.0M | −$1.0M | −0.51% |
| Q2 2015 | 2015-06-28 | $166.0M | −$13.0M | −7.26% |
| Q1 2015 | 2015-03-29 | $195.0M | $5.0M | +2.63% |
| Q4 2014 | 2014-12-31 | $187.0M | $6.0M | +3.31% |
| Q3 2014 | 2014-09-28 | $198.0M | $25.0M | +14.45% |
| Q2 2014 | 2014-06-29 | $179.0M | $2.0M | +1.13% |
| Q1 2014 | 2014-03-30 | $190.0M | $8.0M | +4.40% |
| Q4 2013 | 2013-12-31 | $181.0M | $7.0M | +4.02% |
| Q3 2013 | 2013-09-29 | $173.0M | −$13.0M | −6.99% |
| Q2 2013 | 2013-06-30 | $177.0M | −$10.0M | −5.35% |
| Q1 2013 | 2013-03-31 | $182.0M | $1.0M | +0.55% |
| Q4 2012 | 2012-12-31 | $174.0M | −$5.0M | −2.79% |
| Q3 2012 | 2012-09-30 | $186.0M | $22.0M | +13.41% |
| Q2 2012 | 2012-07-01 | $187.0M | $30.0M | +19.11% |
| Q1 2012 | 2012-04-01 | $181.0M | $52.0M | +40.31% |
| Q4 2011 | 2011-12-31 | $179.0M | $56.0M | +45.53% |
| Q3 2011 | 2011-09-25 | $164.0M | $61.0M | +59.22% |
| Q2 2011 | 2011-06-26 | $157.0M | $61.0M | +63.54% |
| Q1 2011 | 2011-03-27 | $129.0M | $37.0M | +40.22% |
| Q4 2010 | 2010-12-31 | $123.0M | $15.0M | +13.89% |
| Q3 2010 | 2010-09-26 | $103.0M | $13.0M | +14.44% |
| Q2 2010 | 2010-06-27 | $96.0M | $17.0M | +21.52% |
| Q1 2010 | 2010-03-28 | $92.0M | $7.0M | +8.24% |
| Q4 2009 | 2009-12-31 | $108.0M | — | — |
| Q3 2009 | 2009-09-27 | $90.0M | −$23.0M | −20.35% |
| Q2 2009 | 2009-06-28 | $79.0M | −$25.0M | −24.04% |
| Q1 2009 | 2009-03-29 | $85.0M | — | — |
| Q3 2008 | 2008-09-28 | $113.0M | — | — |
| Q2 2008 | 2008-06-29 | $104.0M | — | — |
Cummins r&d spending trends
Over the last five fiscal years, Cummins's r&d spending increased from $906.0M to $1.40B, a change of $490.0M. The latest reported quarter, Q2 2026, shows $385.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cummins source filings ↗