Cummins Inc (CMI) — Cash Flow Reinvestment Rate

Latest as of March 2026: 1.18x

Cummins Inc (CMI) has a Cash Flow Reinvestment Rate of 1.18x as of March 2026, reinvesting $364.00 Million (capex $189.00 Million plus investments $175.00 Million) from operating cash flow of $309.00 Million. Check cash flow quality index of Cummins Inc to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

1.18x
(Capex + Investments) / Operating CF

Total Reinvested

$364.00 Million
Capex + Investments

Operating Cash Flow

$309.00 Million
USD

Capital Expenditures

$189.00 Million
USD

Cummins Inc Cash Flow Reinvestment Rate (1989–2025)

Historical reinvestment intensity for Cummins Inc across 37 annual periods. Explore Cummins Inc (CMI) long-term investment share to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Cummins Inc (1989–2025)

Year-by-year capital reinvestment analysis for Cummins Inc. For live market cap and broader valuation context, see Cummins Inc (CMI) market capitalisation.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.39x $1.41 Billion $3.62 Billion $1.24 Billion ▼ -80.6%
2024 2.01x $2.99 Billion $1.49 Billion $1.21 Billion ▲ +190.1%
2023 0.69x $2.75 Billion $3.97 Billion $1.21 Billion ▼ -73.3%
2022 2.59x $5.09 Billion $1.96 Billion $916.00 Million ▲ +505.0%
2021 0.43x $967.00 Million $2.26 Billion $786.00 Million ▲ +56.4%
2020 0.27x $746.00 Million $2.72 Billion $575.00 Million ▼ -7.7%
2019 0.30x $945.00 Million $3.18 Billion $775.00 Million ▼ -26.4%
2018 0.40x $960.00 Million $2.38 Billion $784.00 Million ▲ +37.4%
2017 0.29x $669.00 Million $2.28 Billion $587.00 Million ▼ -33.0%
2016 0.44x $849.00 Million $1.94 Billion $594.00 Million ▲ +11.5%
2015 0.39x $810.00 Million $2.06 Billion $799.00 Million ▲ +9.9%
2014 0.36x $811.00 Million $2.27 Billion $798.00 Million ▼ -2.4%
2013 0.37x $766.00 Million $2.09 Billion $740.00 Million ▼ -28.7%
2012 0.51x $788.00 Million $1.53 Billion $777.00 Million ▲ +40.3%
2011 0.37x $760.00 Million $2.07 Billion $682.00 Million ▼ -38.9%
2010 0.60x $604.00 Million $1.01 Billion $407.00 Million ▲ +34.9%
2009 0.45x $506.00 Million $1.14 Billion $345.00 Million ▼ -29.7%
2008 0.63x $625.00 Million $987.00 Million $625.00 Million ▲ +22.1%
2007 0.52x $420.00 Million $810.00 Million $420.00 Million ▲ +44.7%
2006 0.36x $301.00 Million $840.00 Million $301.00 Million ▲ +46.4%
2005 0.24x $186.00 Million $760.00 Million $186.00 Million ▼ -0.5%
2004 0.25x $151.00 Million $614.00 Million $151.00 Million ▼ -72.2%
2003 0.89x $140.00 Million $158.00 Million $140.00 Million ▲ +90.0%
2002 0.47x $90.00 Million $193.00 Million $90.00 Million ▼ -67.4%
2001 1.43x $206.00 Million $144.00 Million $206.00 Million ▲ +143.4%
2000 0.59x $228.00 Million $388.00 Million $228.00 Million ▼ -16.1%
1999 0.70x $215.00 Million $307.00 Million $215.00 Million ▼ -30.0%
1998 1.00x $271.00 Million $271.00 Million $271.00 Million ▼ -50.6%
1997 2.03x $405.00 Million $200.00 Million $405.00 Million ▲ +28.6%
1996 1.58x $304.00 Million $193.00 Million $304.00 Million ▲ +186.8%
1995 0.55x $223.00 Million $406.00 Million $223.00 Million ▼ -13.2%
1994 0.63x $237.70 Million $375.70 Million $237.70 Million ▲ +3.7%
1993 0.61x $174.20 Million $285.60 Million $174.20 Million ▼ -13.4%
1992 0.70x $139.30 Million $197.70 Million $139.30 Million ▼ -39.3%
1991 1.16x $123.90 Million $106.70 Million $123.90 Million ▼ -74.4%
1990 4.54x $147.00 Million $32.40 Million $147.00 Million ▲ +587.0%
1989 0.66x $137.90 Million $208.80 Million $137.90 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow