OakChart

Cummins Inc

CMIIndustrials·Specialty Industrial Machinery·USA·Large·NYSE·Nov 11 • 11:59 AM ET

464.11+9.93 (2.19%)
2026-11-11 18:00 CET
Market cap
62,258.09 USD m
Revenue, TTM
35,829.00 USD m
Net income, TTM
3,319.00 USD m
Free cash flow, TTM
3,462.00 USD m
EPS diluted, TTM
23.96
P/E
19.37
Compare

Price

CMI against its 20, 50 and 200-day averages
2050200miss
500.00600.00700.002.1M4.3MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CMIclose 464.1220-day 503.0250-day 520.78200-day 598.84464.1252w high52w low

37.1% under the 52-week high of 737.76 on 18 Jun 2026. 52-week low 443.62 on 5 Nov 2026. Last 15 sessions, 21.3% high to low

Profile

CMI
52-week range, 7% of the way up
443.62737.76

Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

IndexS&P 500, RUI
Employees67400
IPOSep 10, 1964
Beta1.25
ATR, 14d16.58
Rel volume1.57
Short float3.22%
Insider own0.32%
Inst own88.69%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap63.62B
Enterprise Value68.57B
Income3.32B
Sales35.83B
Book/sh97.25
Cash/sh30.53
Dividend Est.8.74 (1.88%)
Dividend TTM8.20 (1.77%)
Dividend Ex-DateNov 20, 2026
Dividend Gr. 3/5Y8.15% 7.67%
Payout37.27%
Employees67400
IPOSep 10, 1964

Ratios

P/E19.37
Forward P/E13.74
PEG0.77
P/S1.78
P/B4.77
P/C15.20
P/FCF18.38
EV/EBITDA12.51
EV/Sales1.91
Quick Ratio1.13
Current Ratio1.74
Debt/Eq0.61
LT Debt/Eq0.53
Option/ShortYes / Yes

Earnings

EPS (ttm)23.96
EPS next Y33.79
EPS next Q7.87
EPS this Y21.64%
EPS next Y16.70%
EPS next 5Y17.94%
EPS past 3/5Y10.68% 11.29%
Sales past 3/5Y6.25% 11.19%
EPS Y/Y TTM24.24%
Sales Y/Y TTM6.69%
EPS Q/Q113.76%
Sales Q/Q13.48%
EarningsNov 05 BMO
EPS/Sales Surpr.7.14% -4.38%

Ownership

Insider Own0.32%
Insider Trans-2.77%
Inst Own88.69%
Inst Trans-1.33%
ROA9.45%
ROE26.14%
ROIC16.25%
Gross Margin25.79%
Oper. Margin12.16%
Profit Margin9.26%
SMA20-7.73%
SMA50-10.88%
SMA200-22.50%
Trades-

Technical

Shs Outstand137.08M
Shs Float136.64M
Short Float3.22%
Short Ratio3.76
Short Interest4.39M
52W High737.76 -37.09%
52W Low443.62 4.62%
Volatility4.21% 3.08%
ATR (14)16.58
RSI (14)35.27
Beta1.25
Rel Volume1.57
Avg Volume1.17M
Volume756,915

Performance

Perf Week-1.64%
Perf Month-12.32%
Perf Quarter-26.52%
Perf Half Y-34.59%
Perf YTD-9.08%
Perf Year-2.50%
Perf 3Y111.91%
Perf 5Y96.41%
Perf 10Y238.79%
Recom1.77
Target Price639.76
Prev Close454.18
Price464.11
Change %2.19%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jun 08, 2026UpgradeUUBSNeutral → Buy$850+83.1%
Jan 26, 2026DowngradeWWolfe ResearchOutperform → Peer Perform
Dec 22, 2025UpgradeRRaymond JamesMkt Perform → Outperform$585+26.0%
Dec 19, 2025UpgradeBBarclaysEqual Weight → Overweight$546+17.6%
Nov 25, 2025UpgradeUUBSSell → Neutral$500+7.7%
Nov 24, 2025UpgradeTTruistHold → Buy$628+35.3%
Nov 14, 2025InitiatedWWells FargoOverweight
Sep 03, 2025UpgradeMMeliusHold → Buy$500+7.7%
May 27, 2025UpgradeGGoldmanNeutral → Buy$431-7.1%
Apr 07, 2025DowngradeUUBSBuy → Sell$240-48.3%

Peers

Mkt cap
TickerCompanyMkt cap
INIOInnio NV11.27B
CATCaterpillar Inc276.29B
GNRCGenerac Holdings Inc11.43B
PCARPaccar Inc56.35B
ETNEaton Corp Plc142.33B
PHParker-Hannifin Corp123.01B
EMREmerson Electric Co92.58B
IRIngersoll Rand Inc32.92B
CYDChina Yuchai International814.41M
DEDeere & Co186.72B

Insider trading

latest 14 of 36
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
JOHN O GAIDOOFormer OfficerSep 03 '26Proposed Sale547.76916501,747Sep 03 04:30 PM
Newsome EarlVP - Chief Information OfficerAug 24 '26Sale572.22698399,4104,479Aug 25 05:47 PM
EARL NEWSOMEOfficerAug 24 '26Proposed Sale572.22698399,410Aug 24 04:17 PM
DONALD G JACKSONOfficerMay 14 '26Proposed Sale710.92730518,975May 14 04:21 PM
JACKSON DONALD GVP - Treasury & TaxMay 14 '26Sale710.92730518,9758,316May 14 02:51 PM
Fetch Bonnie JEVP & President - OperationsMay 11 '26Sale702.66643451,6860May 13 03:47 PM
Bush Jennifer MaryVP & Pres. - Power SystemsMay 12 '26Sale696.215,0003,481,06611,986May 13 10:18 AM
Merritt Brett MichaelV.P & Pres. - Engine BusinessMay 11 '26Sale688.75701483,15310,404May 12 08:20 PM
Jennifer M. BushOfficerMay 12 '26Proposed Sale704.565,0003,522,800May 12 04:56 PM
Fetch Bonnie JEVP & President - OperationsMay 11 '26Sale700.19652456,52411,679May 11 05:49 PM
BONNIE J FETCHOfficerMay 11 '26Proposed Sale700.19652456,524May 11 05:24 PM
Stoner Nathan RVP - China ABOMay 11 '26Sale694.06607421,2949,447May 11 05:07 PM
Boakye MarvinVP - CHROMay 08 '26Sale679.903,4812,366,7308,508May 11 05:07 PM
NATHAN R STONEROfficerMay 11 '26Proposed Sale694.06607421,294May 11 04:08 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B

News

latest 14 of 206
  • Cummins Announces S29 Engine for Mining Applications (Business Wire)
  • Industrial Stocks Drop Amid Fears of AI Data Center Slowdown (The Wall Street Journal)
  • Cummins Posts Record Margins But Misses On Revenue And Cuts Guidance For The First Time This Year (Earnings Whispers)
  • Cummins: Q3 Earnings Snapshot (Associated Press)
  • Cummins Reports Strong Third Quarter 2026 Results (Business Wire)
  • Loading…
  • Why a Democratic Sweep Is Crushing GE Vernova and More Industrial Stocks (Barrons.com) -5.76%
  • Three Trends Shaping the Future of Mining (ACCESSWIRE)
  • Cummins Needs Margin Proof After Three Guidance Raises Failed To Stop The Stock's Slide (Earnings Whispers)
  • BE Stock Slips Overnight: Bloom Energys Valuation In Focus Ahead Of Q3 Earnings (Stocktwits)
  • How Much Higher Can Caterpillar Stock Go From Here? (Trefis)
  • What Is The True Hidden Price Of Eaton Stock? (Trefis)
  • Is Bloom Energy Stock Priced Right Against Its Peers? (Trefis)
  • Best 3 Non-AI Stocks to Buy Now on the Dip Amid the AI Stock Selloff (Zacks)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-058.7938.2078.2509,4389,87018
2026Q22026-08-046.7307.2106.7299,4579,33017
2026Q12026-05-056.1505.6304.7128,3988,36618
2025Q42026-02-055.8385.1044.2668,5368,10917
2025Q32025-11-065.5924.8963.8628,3177,97717
2025Q22025-08-056.4305.2326.4268,6438,43417
2025Q12025-05-055.9564.9055.9588,1748,17517
2024Q42025-02-045.2744.7023.0208,4478,07116
2024Q32024-11-055.8604.8195.8588,4568,29417
2024Q22024-08-015.2604.8335.2658,7968,33018
2024Q12024-05-025.1005.09314.0258,4038,45317
2023Q42024-02-064.1404.450-10.0858,5438,10017
2023Q32023-11-024.7604.7004.5948,4318,17516
2023Q22023-08-035.2005.2535.0538,6388,39218
2023Q12023-05-026.7004.7185.5488,4538,09620
2022Q42023-02-064.5204.5184.4347,7707,28620

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY10.62010.2745.97220,42820,172
2018FY13.23013.60413.15323,77123,721
2019FY15.05014.83514.47823,57123,293
2020FY12.18011.36712.00719,81119,164
2021FY14.67015.03014.60624,02123,961
2022FY15.67016.30115.11628,07427,556
2023FY19.69019.8345.15134,06533,616
2024FY21.49020.50528.36834,10233,751
2025FY23.80222.79320.50033,67033,261
2026FY-28.954--37,220
2027FY-33.783--40,660
2028FY-39.039--43,925

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0915279,8299,65810,108
2026Q4S2026-11-0615179,8229,65810,042
2026Q4S2026-11-0515159,8439,65810,042
2026Q4S2026-10-27151010,0099,65810,551
2026Q4S2026-10-23152010,0099,65810,551
2026Q4S2026-10-19142010,0199,65810,551
2026Q4S2026-10-18143010,0199,65810,551
2026Q4S2026-10-13148010,0199,65810,551
2026Q4S2026-10-12148010,0209,65810,551
2026Q4S2026-10-07148010,0259,65810,551
2026Q4S2026-09-29148010,0279,65810,551
2026Q4S2026-09-24148010,0299,65810,551
2026Q4S2026-09-22137010,0439,65810,551
2026Q4S2026-09-14137010,0389,65810,551

Estimate history

EPS, annual5.97213.15314.47812.00714.60615.1165.15128.36820.49823.9621
Period201720182019202020212022202320242025TTM
EPS, quarterly5.8583.025.9586.4263.8624.2664.7126.7298.255
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual20428237712357119811240212807434048341023367035829
Period201720182019202020212022202320242025TTM
Sales, quarterly845684478174864383178536839894579438
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual165.7158150.7147.6142.5141.3141.8137.4138.165137.078
Period201720182019202020212022202320242025MRQ
Shares, quarterly137.1137.4137.7137.786138.036138.165137.989137.664137.078
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue35,829.0033,670.0034,102.0034,048.0028,074.0024,021.0019,811.0023,571.0023,771.00
Cost of Goods Sold Incl. D&A26,588.0025,257.0025,795.0025,949.0021,425.0018,348.0014,939.0017,611.0018,054.00
Gross Profit9,241.008,413.008,307.008,099.006,649.005,673.004,872.005,960.005,717.00
Selling, General and Administrative Excl. Other4,885.004,521.004,738.004,833.003,965.003,464.003,031.003,455.003,339.00
Research and Development1,493.001,396.001,463.001,500.001,278.001,090.00906.001,001.00902.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,356.003,892.003,569.003,266.002,684.002,209.001,841.002,505.002,378.00
Interest Expense319.00329.00370.00375.00199.00111.00117.00120.00125.00
Unusual Expense93.00236.00130.002,027.00106.0012.0020.00141.0019.00
Net Income Before Taxes4,438.003,963.004,903.001,626.002,819.002,751.002,338.002,834.002,753.00
Income Taxes1,001.001,006.00835.00786.00636.00587.00527.00566.00566.00
Consolidated Net Income3,437.002,957.004,068.00840.002,183.002,164.001,811.002,268.002,187.00
Net Income From Continuing Operations3,319.002,843.003,946.00735.002,151.002,131.001,789.002,260.002,141.00
Net Income3,319.002,843.003,946.00735.002,151.002,131.001,789.002,260.002,141.00
EPS (Recurring)24.5021.6929.0215.0915.6414.6612.1015.1113.23
EPS (Basic, Before Extraordinaries)24.0720.6228.555.1915.2014.7412.0714.5413.20
EPS (Diluted)23.9620.5028.375.1515.1214.6112.0114.4813.15
EBITDA5,483.004,997.004,634.004,290.003,468.002,871.002,511.003,174.002,986.00
Non-Operating Income (Expense)494.00636.001,834.00762.00440.00665.00634.00590.00519.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense----33.0036.0029.0047.0050.00
Price To Earnings Ratio18.9518.9523.1412.2118.0614.9618.9312.4110.13
Price To Sales Ratio1.992.101.421.001.231.321.711.190.92
Gross Margin25.7924.9924.3623.7923.6823.6224.5925.2924.05
Operating Margin12.1611.5610.479.599.569.209.2910.6310.00
Net Margin9.268.4411.572.167.668.879.039.599.01
Shares Outstanding137.08138.17137.40141.80141.30142.50147.60150.70158.00
Market Capitalization62,258.0962,258.0947,821.6533,957.8534,168.2231,201.0033,612.3927,417.3921,457.37

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue9,438.009,457.008,398.008,536.008,317.008,643.008,174.008,447.00
Cost of Goods Sold Incl. D&A6,823.006,992.006,188.006,585.006,222.006,396.006,054.006,445.00
Gross Profit2,615.002,465.002,210.001,951.002,095.002,247.002,120.002,002.00
Selling, General and Administrative Excl. Other1,268.001,278.001,203.001,136.001,134.001,136.001,115.001,157.00
Research and Development400.00385.00358.00350.00345.00357.00344.00356.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,347.001,187.001,007.00815.00961.001,111.001,005.00845.00
Interest Expense81.0080.0076.0082.0083.0087.0077.0089.00
Unusual Expense-8.00-15.0017.0099.00287.00-96.00-65.00168.00
Net Income Before Taxes1,420.001,293.00934.00791.00830.001,225.001,117.00662.00
Income Taxes251.00325.00254.00171.00271.00297.00267.00217.00
Consolidated Net Income1,169.00968.00680.00620.00559.00928.00850.00445.00
Net Income From Continuing Operations1,140.00932.00654.00593.00536.00890.00824.00418.00
Net Income1,140.00932.00654.00593.00536.00890.00824.00418.00
EPS (Recurring)8.216.654.804.765.315.945.633.87
EPS (Basic, Before Extraordinaries)8.296.764.734.293.886.465.993.04
EPS (Diluted)8.256.734.714.273.866.435.963.02
EBITDA1,632.001,467.001,289.001,095.001,238.001,390.001,274.001,116.00
Non-Operating Income (Expense)146.00171.0020.00157.00239.00105.00124.0074.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio18.9537.0226.2326.4919.8616.2911.1323.14
Price To Sales Ratio1.992.852.202.111.751.351.281.41
Gross Margin27.7126.0726.3222.8625.1926.0025.9423.70
Operating Margin14.2712.5511.999.5511.5512.8512.3010.00
Net Margin12.089.867.796.956.4410.3010.084.95
Shares Outstanding137.08137.66137.99138.17138.04137.79137.70137.40
Market Capitalization62,258.0998,415.1374,335.5370,460.4858,196.6745,114.7643,092.0447,821.65

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,609.002,264.002,741.002,573.003,187.003,862.001,470.001,525.001,567.00
Short Term Receivables6,154.005,520.005,956.005,466.004,174.003,960.003,861.003,983.003,770.00
Inventories5,822.005,742.005,677.005,603.004,355.003,425.003,486.003,759.003,166.00
Other Current Assets1,340.001,226.00824.00809.00593.00650.00570.00551.00425.00
Total Current Assets16,925.0014,752.0015,198.0014,451.0012,309.0011,897.009,387.009,818.008,928.00
Net Property, Plant & Equipment7,495.006,888.006,750.006,013.004,866.004,693.004,741.004,096.003,927.00
Total Investments and Advances2,133.001,895.001,800.001,759.001,538.001,441.001,237.001,222.001,156.00
Long-Term Note Receivable20.0047.0027.0014.000.0023.0023.006.006.00
Intangible Assets4,391.004,721.005,018.005,030.002,187.002,256.002,289.002,035.002,055.00
Deferred Tax Assets1,063.001,119.001,082.00625.00428.00--410.00306.00
Other Assets1,965.002,118.002,130.002,407.002,382.002,314.002,060.001,475.001,697.00
Total Assets33,992.0031,540.0032,005.0030,299.0023,710.0022,624.0019,737.0019,062.0018,075.00
Short Term Debt Incl. Current Port. of LT Debt898.002,405.002,032.003,489.00708.00682.00922.00879.00418.00
Accounts Payable3,800.003,951.004,260.004,252.003,021.002,820.002,534.002,822.002,579.00
Income Tax Payable156.00244.00242.00173.00107.0082.0052.0097.0077.00
Other Current Liabilities4,756.004,634.006,369.003,507.003,248.002,751.002,752.002,586.002,603.00
Total Current Liabilities9,610.0011,234.0012,903.0011,421.007,084.006,335.006,260.006,384.005,677.00
Long Term Debt7,216.005,193.005,176.004,866.003,905.003,935.001,946.001,597.001,588.00
Provision for Risks Charges1,424.001,450.001,438.001,330.001,288.001,302.001,236.001,272.001,085.00
Deferred Tax Liabilities388.00389.00530.00649.00403.00325.00306.00263.00391.00
Other Liabilities1,946.001,966.002,054.001,808.001,629.001,738.001,524.001,287.001,170.00
Total Liabilities20,584.0020,232.0022,101.0020,074.0014,309.0013,635.0011,272.0010,803.009,911.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity12,349.0010,271.008,850.008,975.008,474.008,062.007,507.007,348.007,259.00
Total Shareholders Equity12,349.0010,271.008,850.008,975.008,474.008,062.007,507.007,348.007,259.00
Accumulated Minority Interest1,059.001,037.001,054.001,250.00927.00927.00958.00911.00905.00
Total Equity13,408.0011,308.009,904.0010,225.009,401.008,989.008,465.008,259.008,164.00
Total Liabilities & Stockholders Equity33,992.0031,540.0032,005.0030,299.0023,710.0022,624.0019,737.0019,062.0018,075.00
Book Value Per Share89.3874.7562.4163.5259.4754.6249.8146.5143.81
Tangible Book Value Per Share57.6040.3927.0227.9244.1239.3434.6333.6331.41
Full-Time Employees67,40069,60075,50073,60059,90057,82561,61562,61058,600
Price to Book Ratio4.674.633.194.083.674.163.592.873.84
Return on Assets8.6812.422.367.979.208.4511.6511.536.04
Return on Equity25.1441.278.2524.6525.7722.9830.4329.3114.14
Return on Invested Capital14.5325.525.2415.5417.2114.9123.9123.9411.29
Quick Ratio1.160.800.740.771.121.340.940.951.01
Current Ratio1.761.311.181.271.741.881.501.541.57

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,437.002,957.004,068.00840.002,183.002,164.001,811.002,268.002,187.00
Depreciation1,123.001,093.001,053.001,016.00781.00659.00670.00669.00609.00
Other Funds (Non Cash)-139.00-19.00-1,360.00-199.00192.00-26.00-249.00-88.00-75.00
Funds from Operations4,487.004,117.003,552.001,200.002,882.002,804.002,239.002,845.002,624.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital260.00-496.00-2,065.002,766.00-920.00-548.00483.00336.00-246.00
Cash from Operating Activities4,747.003,621.001,487.003,966.001,962.002,256.002,722.003,181.002,378.00
Capital Expenditures-1,285.00-1,235.00-1,208.00-1,213.00-916.00-786.00-575.00-775.00-784.00
Net Assets From Acquisitions-110.00-122.00-282.00-467.00-3,191.000.000.00-237.00-70.00
Sale of Fixed Assets and Businesses0.000.000.000.000.0020.000.0023.0020.00
Purchase or Sale of Investments-176.00-373.00-254.00-75.0078.00-181.00-175.00-126.00-74.00
Purchase of Investments-1,526.00-1,823.00-1,714.00-1,409.00-1,073.00-854.00-644.00-515.00-405.00
Sale Or Maturity of Investments1,350.001,450.001,460.001,334.001,151.00673.00469.00389.00331.00
Other Uses-87.00-111.00-88.00-63.00-143.000.000.00-44.00-102.00
Other Sources0.000.000.000.000.0074.0031.009.0036.00
Cash from Investing Activities-1,658.00-1,841.00-1,832.00-1,818.00-4,172.00-873.00-719.00-1,150.00-974.00
Cash Dividends Paid-1,131.00-1,055.00-969.00-921.00-855.00-809.00-782.00-761.00-718.00
Change in Capital Stock-827.000.000.000.00-374.00-1,346.00-553.00-1,271.00-1,140.00
Repurchase of Common Pref Stock-827.000.000.000.00-374.00-1,402.00-641.00-1,271.00-1,140.00
Sale of Common Pref Stock0.000.000.000.000.0056.0088.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.0056.0088.000.000.00
Issuance or Reduction of Debt, Net-40.00454.00915.00-1,054.002,814.00-32.001,614.00-163.00457.00
Change in Long Term Debt-35.001,360.001,152.00-275.00553.006.001,941.00-96.00-26.00
Issuance of Long Term Debt557.002,335.002,720.00861.002,103.0079.002,014.000.0036.00
Reduction of Long Term Debt-592.00-975.00-1,568.00-1,136.00-1,550.00-73.00-73.00-96.00-62.00
Net Financing Active Other Cash Flow-94.00-61.00-69.00-27.0084.00-40.001.00100.001.00
Other Financing Activities Uses-94.00-61.00-69.00-27.000.00-40.00-26.00-33.00-30.00
Cash from Financing Activities-2,092.00-662.00-123.00-2,002.001,669.00-2,227.00280.00-2,095.00-1,400.00
Exchange Rate Effect8.0056.00-40.00-68.0050.0035.00-11.00-110.00-70.00
Net Change in Cash1,005.001,174.00-508.0078.00-491.00-809.002,272.00-174.00-66.00
Free Cash Flow3,462.002,386.00279.002,753.001,046.001,522.002,194.002,481.001,669.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow30.6053.19-18.66180.5144.6423.9616.2422.87
Deferred Taxes & Investment Tax Credit-86.00-209.00-457.00-274.007.007.00-4.00-97.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments4,185.003,924.003,182.003,609.003,159.003,074.00
Short Term Receivables6,638.006,585.006,528.006,154.005,640.005,874.00
Inventories6,811.006,397.006,126.005,822.006,256.006,287.00
Other Current Assets1,741.001,528.001,543.001,340.001,665.001,698.00
Total Current Assets19,375.0018,434.0017,379.0016,925.0016,720.0016,933.00
Net Property, Plant & Equipment7,689.007,579.007,453.007,495.007,210.007,095.00
Total Investments and Advances2,384.002,265.002,223.002,133.001,972.002,018.00
Intangible Assets4,233.004,390.004,412.004,391.004,567.004,828.00
Deferred Tax Assets1,025.001,054.001,078.001,063.001,075.001,293.00
Other Assets1,880.001,908.001,900.001,965.002,094.002,092.00
Total Assets36,586.0035,630.0034,445.0033,992.0033,638.0034,259.00
Short Term Debt Incl. Current Port. of LT Debt1,027.001,099.001,093.00898.00930.001,444.00
Accounts Payable4,879.004,654.004,433.003,800.003,819.004,151.00
Income Tax Payable181.00177.00169.00156.00150.00261.00
Other Current Liabilities5,045.004,743.004,472.004,756.004,555.004,459.00
Total Current Liabilities11,132.0010,673.0010,167.009,610.009,454.0010,315.00
Long Term Debt7,093.007,187.007,147.007,216.007,252.007,240.00
Provision for Risks Charges1,500.001,478.001,448.001,424.001,469.001,466.00
Deferred Tax Liabilities380.00381.00381.00388.00379.00405.00
Other Liabilities2,135.002,005.001,930.001,946.001,986.001,960.00
Total Liabilities22,240.0021,724.0021,073.0020,584.0020,540.0021,386.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity13,331.0012,847.0012,351.0012,349.0012,064.0011,789.00
Total Shareholders Equity13,331.0012,847.0012,351.0012,349.0012,064.0011,789.00
Accumulated Minority Interest1,015.001,059.001,021.001,059.001,034.001,084.00
Total Equity14,346.0013,906.0013,372.0013,408.0013,098.0012,873.00
Total Liabilities & Stockholders Equity36,586.0035,630.0034,445.0033,992.0033,638.0034,259.00
Book Value Per Share97.2593.3289.5189.3887.4085.56
Tangible Book Value Per Share66.3761.4357.5357.6054.3150.52
Full-Time Employees---67,400--
Price to Book Ratio4.677.976.025.844.944.13
Return on Assets9.457.777.988.688.128.97
Return on Equity26.1422.0422.9725.1423.8427.56
Return on Invested Capital5.584.653.353.032.774.68
Quick Ratio1.131.131.111.161.111.03
Current Ratio1.741.731.711.761.771.64

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,169.00968.00680.00620.00559.00928.00
Depreciation285.00280.00280.00278.00274.00275.00
Other Funds (Non Cash)-22.00-26.00-78.00-13.0062.00-7.00
Funds from Operations1,465.001,249.00870.00903.001,101.001,083.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-60.00250.00-561.00631.00204.00-298.00
Cash from Operating Activities1,405.001,499.00309.001,534.001,305.00785.00
Capital Expenditures-303.00-249.00-189.00-544.00-298.00-231.00
Net Assets From Acquisitions0.000.000.00-110.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments124.00-167.00175.00-308.00136.00-116.00
Purchase of Investments-266.00-401.00-232.00-627.00-359.00-320.00
Sale Or Maturity of Investments390.00234.00407.00319.00495.00204.00
Other Uses-54.000.000.00-33.00-69.00-9.00
Other Sources-1.00-3.004.000.000.00-13.00
Cash from Investing Activities-234.00-419.00-10.00-995.00-231.00-369.00
Cash Dividends Paid-302.00-276.00-276.00-277.00-276.00-251.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-359.00-225.00-243.000.000.000.00
Repurchase of Common Pref Stock-359.00-225.00-243.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-62.00-34.00101.00-45.00-531.00641.00
Change in Long Term Debt-62.00-33.00105.00-45.00-531.002,028.00
Issuance of Long Term Debt134.00107.00213.00103.0086.002,094.00
Reduction of Long Term Debt-196.00-140.00-108.00-148.00-617.00-66.00
Net Financing Active Other Cash Flow-69.0011.00-99.0063.00-20.00-58.00
Other Financing Activities Uses-69.0011.00-99.0063.00-20.00-58.00
Cash from Financing Activities-792.00-524.00-517.00-259.00-827.00332.00
Exchange Rate Effect13.009.00-13.00-1.000.0039.00
Net Change in Cash392.00565.00-231.00279.00247.00787.00
Free Cash Flow1,102.001,250.00120.00990.001,007.00554.00
Price to Free Cash Flow30.6043.6746.9453.3146.9069.78

Revenue breakdown

China2024: 2.95B 2025: 3.30B
India2024: 1.78B 2025: 1.72B
Non-US2024: 9.95B 2025: 9.68B
United States2024: 19.42B 2025: 18.97B
Total Engines & Turbines revenue2024: 34.10B 2025: 33.67B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.22%4.4M136.6M1.08M
2026-10-153.27%4.5M137.2M1.05M
2026-09-303.02%4.1M137.2M997.37K
2026-09-152.65%3.6M137.2M1.05M
2026-08-312.35%3.2M137.2M1.01M
2026-08-141.61%2.2M137.2M1.03M
2026-07-311.86%2.6M137.2M1.03M
2026-07-151.71%2.4M137.5M1.00M
2026-06-301.79%2.5M137.5M979.84K
2026-06-151.87%2.6M137.5M878.70K
2026-05-291.49%2.1M137.5M876.75K
2026-05-151.26%1.7M137.5M862.99K
2026-04-301.36%1.9M137.5M929.55K
2026-04-151.48%2.0M137.7M951.47K
2026-03-311.59%2.2M137.7M971.40K
2026-03-131.19%1.6M137.7M948.82K
2026-02-271.07%1.5M137.7M934.89K
2026-02-131.10%1.5M137.7M968.11K
2026-01-301.00%1.4M137.6M889.54K
2026-01-151.33%1.8M137.6M900.25K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call39072.8075.0078.900.6671.000.000.932-0.4250.095
call40062.2065.3065.400.6224.000.000.913-0.4800.115
call41052.4055.6051.550.5681.000.000.902-0.4580.125
call42042.9046.2042.690.5290.000.000.888-0.4330.138
call43034.4037.0034.330.4860.000.000.840-0.5200.177
call44025.3027.8026.770.4262.000.000.761-0.6550.226
call45017.6020.7015.000.43128.000.000.673-0.7170.263
call46011.0013.509.100.39096.000.000.565-0.7310.287
call4705.708.005.600.36445.006.000.437-0.6740.287
call4802.005.404.360.3941321.000.320-0.6250.261
call4900.352.302.150.35274.000.000.194-0.4340.201
call5000.151.250.820.3644340.000.114-0.3010.140
call5100.101.451.150.43229.000.000.089-0.2850.117
call5200.002.500.620.49742.000.000.079-0.2970.107
call5300.000.750.080.5023061.000.050-0.2120.076
call5400.000.750.350.55776.000.000.046-0.2190.071
call5500.002.200.060.61280.000.000.043-0.2260.066
call5600.002.150.600.6601620.000.040-0.2310.063
call5700.002.150.250.7101690.000.038-0.2370.060
call5800.000.750.750.76047.000.000.036-0.2420.057
call5900.000.350.040.7142430.000.019-0.1350.034
call6000.000.050.050.6014061.000.004-0.0280.008
call6100.000.050.050.63560.000.000.004-0.0280.008
call6200.000.551.320.6671050.000.003-0.0280.008
call6300.001.451.350.70027.000.000.003-0.0280.007
call6400.001.550.950.73423.000.000.003-0.0290.007
call6500.002.150.900.76547.000.000.003-0.0290.007
call6600.002.151.200.79639.000.000.003-0.0290.007
call6700.002.150.600.84549.000.000.003-0.0290.006
call6800.001.550.500.8567.000.000.003-0.0300.006
call6900.001.900.730.88510.000.000.003-0.0300.006
call7000.002.150.250.9174.000.000.003-0.0300.006
put3900.151.750.660.77371.000.00-0.067-0.4050.095
put4000.202.300.950.7251050.00-0.086-0.4590.115
put4100.402.701.600.6331200.00-0.097-0.4370.125
put4201.002.201.650.54175.0010.00-0.111-0.4110.138
put4301.753.302.750.51312310.00-0.160-0.4960.177
put4403.306.007.880.53428.000.00-0.239-0.6290.226
put4505.608.506.780.50785.001.00-0.326-0.6910.263
put4609.4011.7010.030.50161.002.00-0.435-0.7040.287
put47014.3016.5019.000.4821202.00-0.563-0.6450.287
put48020.9023.8022.100.49275.000.00-0.679-0.5950.261
put49028.8030.7035.600.4851491.00-0.808-0.3960.199
put50038.1039.8044.370.52725410.00-0.886-0.2690.140
put51047.7050.5058.380.6472880.00-0.911-0.2520.117
put52057.2059.5066.960.6721400.00-0.921-0.2640.107
put53067.0070.1078.260.7822870.00-0.949-0.1770.076
put54077.4079.3090.690.80414.000.00-0.953-0.1830.071
put55087.0090.0093.240.91844.000.00-0.957-0.1890.066
put56097.0099.80100.780.9705.000.00-0.960-0.1930.063
put570107109.80.001.0270.000.00-0.962-0.1970.060
put580116.6120127.11.1093.000.00-0.964-0.2010.057
put590126.9129.7125.11.1471.000.00-0.980-0.0940.034
put600137.2139.90.001.2320.000.00-0.9960.0150.008
put610146.6149.685.701.2532.000.00-0.9960.0160.008
put620156.9159.70.001.3150.000.00-0.9960.0170.008
put630166.9169.7121.351.3681.000.00-0.9960.0180.007
put640177.1179.9186.91.4362.000.00-0.9960.0180.007
put650186.8189.6185.71.4610.001.00-0.9960.0190.007
put660196.9199.82031.5501.000.00-0.9970.0200.007
put670206.5209.80.001.5760.000.00-0.9970.0210.006
put680216.8219.80.001.6460.000.00-0.9970.0220.006
put690226.9229.8184.11.6691.000.00-0.9970.0230.006
put700236.7239.80.001.7160.000.00-0.9970.0240.006

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10SCHEDULE 13GSEC
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-058-KCurrent report2026-11-05SEC
2026-09-03144Filing for proposed sale of securities under Rule 144.SEC
2026-08-254Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-07SCHEDULE 13GSEC
2026-08-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-048-KCurrent report2026-08-04SEC
2026-05-26SDSpecialized Disclosure ReportSEC
2026-05-2211-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-05-194Statement of changes in beneficial ownership of securities2026-05-19SEC
2026-05-14144Filing for proposed sale of securities under Rule 144.SEC
2026-05-144Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-144Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-144Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-148-KCurrent report2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-11SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-12144Filing for proposed sale of securities under Rule 144.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-0800399.41K1
2026-070000
2026-060000
2026-05009.83M8
2026-040000
2026-03002.28M1
2026-020016.12M5
2026-010000
2025-120000
2025-11009.05M3

Institutional holders

Manager% owned
BlackRock, Inc.8.34%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
VANGUARD PORTFOLIO MANAGEMENT LLC5.46%
STATE STREET CORP5.01%
Fisher Asset Management, LLC2.74%
GEODE CAPITAL MANAGEMENT, LLC2.40%
MORGAN STANLEY2.25%
FMR LLC2.10%
BANK OF AMERICA CORP /DE/1.43%
NORGES BANK1.29%

Funds

Fund% owned
VANGUARD TOTAL BOND MARKET INDEX FUND12.08%
DFA Investment Grade Portfolio10.42%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND9.84%
iShares iBoxx $ Investment Grade Corporate Bond ETF6.25%
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND5.83%
iShares 5-10 Year Investment Grade Corporate Bond ETF5.72%
MFS Corporate Bond Fund5.46%
VANGUARD TOTAL BOND MARKET II INDEX FUND5.36%
Invesco BulletShares 2030 Corporate Bond ETF4.50%
VANGUARD SHORT-TERM BOND INDEX FUND4.20%

OakChart. CMI. Cached 15 minutes.