Cummins Inc (CMI) — Cash Flow Reinvestment Rate
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. See CMI free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cummins Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Cummins Inc across 37 annual periods. For the full cash flow conversion analysis, see CMI cash flow metrics.
Annual Cash Flow Reinvestment Rate for Cummins Inc (1989–2025)
Year-by-year capital reinvestment analysis for Cummins Inc. See CMI free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| 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 | — |