Cummins Inc Capital Reinvestment Ratio
Cummins Inc capital reinvestment ratio. Cummins Inc (CMI) has a Capital Reinvestment Ratio of 0.61x as of March 2026, meaning it reinvests 1% of its operating cash flow ($309.00 Million) in capital expenditures ($189.00 Million). See free cash flow generation of Cummins Inc to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Cummins Inc (1989–2025)
Capital reinvestment ratio of Cummins Inc from 1989 to 2025. This chart tracks Cummins Inc's Capital Reinvestment Ratio across 37 annual periods. See CMI financial flexibility score to measure the company's free cash flow as a share of total liabilities.
Cummins Inc Capital Reinvestment Ratio by Year (1989–2025)
Cummins Inc capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see CMI cash flow metrics.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.34x | $3.62 Billion | $1.24 Billion | ▼ -58.0% |
| 2024 | 0.81x | $1.49 Billion | $1.21 Billion | ▲ +165.6% |
| 2023 | 0.31x | $3.97 Billion | $1.21 Billion | ▼ -34.5% |
| 2022 | 0.47x | $1.96 Billion | $916.00 Million | ▲ +34.0% |
| 2021 | 0.35x | $2.26 Billion | $786.00 Million | ▲ +64.9% |
| 2020 | 0.21x | $2.72 Billion | $575.00 Million | ▼ -13.3% |
| 2019 | 0.24x | $3.18 Billion | $775.00 Million | ▼ -26.1% |
| 2018 | 0.33x | $2.38 Billion | $784.00 Million | ▲ +27.9% |
| 2017 | 0.26x | $2.28 Billion | $587.00 Million | ▼ -16.0% |
| 2016 | 0.31x | $1.94 Billion | $594.00 Million | ▼ -20.9% |
| 2015 | 0.39x | $2.06 Billion | $799.00 Million | ▲ +10.2% |
| 2014 | 0.35x | $2.27 Billion | $798.00 Million | ▼ -0.6% |
| 2013 | 0.35x | $2.09 Billion | $740.00 Million | ▼ -30.2% |
| 2012 | 0.51x | $1.53 Billion | $777.00 Million | ▲ +54.2% |
| 2011 | 0.33x | $2.07 Billion | $682.00 Million | ▼ -18.7% |
| 2010 | 0.40x | $1.01 Billion | $407.00 Million | ▲ +33.3% |
| 2009 | 0.30x | $1.14 Billion | $345.00 Million | ▼ -52.1% |
| 2008 | 0.63x | $987.00 Million | $625.00 Million | ▲ +22.1% |
| 2007 | 0.52x | $810.00 Million | $420.00 Million | ▲ +44.7% |
| 2006 | 0.36x | $840.00 Million | $301.00 Million | ▲ +46.4% |
| 2005 | 0.24x | $760.00 Million | $186.00 Million | ▼ -0.5% |
| 2004 | 0.25x | $614.00 Million | $151.00 Million | ▼ -72.2% |
| 2003 | 0.89x | $158.00 Million | $140.00 Million | ▲ +90.0% |
| 2002 | 0.47x | $193.00 Million | $90.00 Million | ▼ -67.4% |
| 2001 | 1.43x | $144.00 Million | $206.00 Million | ▲ +143.4% |
| 2000 | 0.59x | $388.00 Million | $228.00 Million | ▼ -16.1% |
| 1999 | 0.70x | $307.00 Million | $215.00 Million | ▼ -30.0% |
| 1998 | 1.00x | $271.00 Million | $271.00 Million | ▼ -50.6% |
| 1997 | 2.03x | $200.00 Million | $405.00 Million | ▲ +28.6% |
| 1996 | 1.58x | $193.00 Million | $304.00 Million | ▲ +186.8% |
| 1995 | 0.55x | $406.00 Million | $223.00 Million | ▼ -13.2% |
| 1994 | 0.63x | $375.70 Million | $237.70 Million | ▲ +3.7% |
| 1993 | 0.61x | $285.60 Million | $174.20 Million | ▼ -13.4% |
| 1992 | 0.70x | $197.70 Million | $139.30 Million | ▼ -39.3% |
| 1991 | 1.16x | $106.70 Million | $123.90 Million | ▼ -74.4% |
| 1990 | 4.54x | $32.40 Million | $147.00 Million | ▲ +587.0% |
| 1989 | 0.66x | $208.80 Million | $137.90 Million | — |