01—History
R&D Expense History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $1.40B
2 older moves run past ±25% (largest +51.9%); point at, tap or drag across the bars to read one.
02—Ledger
R&D Expense, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $1.40B | −4.6% | 10-K | |
| FY2024 | $1.46B | −2.5% | 10-K | |
| FY2023 | $1.50B | +17.4% | 10-K | |
| FY2022 | $1.28B | +17.2% | 10-K | |
| FY2021 | $1.09B | +20.3% | 10-K | |
| FY2020 | $906.0M | −9.5% | 10-K | |
| FY2019 | $1.00B | +11.0% | 10-K | |
| FY2018 | $902.0M | +19.6% | 10-K | |
| FY2017 | $754.0M | +18.4% | 10-K | |
| FY2016 | $637.0M | −13.3% | 10-K | |
| FY2015 | $735.0M | −2.5% | 10-K | |
| FY2014 | $754.0M | +5.8% | 10-K | |
| FY2013 | $713.0M | −2.1% | 10-K | |
| FY2012 | $728.0M | +15.7% | 10-K | |
| FY2011 | $629.0M | +51.9% | 10-K | |
| FY2010 | $414.0M | +14.4% | 10-K | |
| FY2009 | $362.0M | −14.2% | 10-K | |
| FY2008 | $422.0M | +28.3% | 10-K | |
| FY2007 | $329.0M | — | 10-K |
03—Questions
What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is CUMMINS INC's current r&d expense?
CUMMINS INC (CMI) annual r&d expense for 2025 was $1.40B, a 4.58% decline from 2024. CUMMINS INC r&d expense for the quarter ending March 31, 2026 was $358.0M.
What was CUMMINS INC's r&d expense in 2024?
CUMMINS INC annual r&d expense for 2024 was $1.46B, a 2.47% decline from 2023.
What was CUMMINS INC's r&d expense in 2023?
CUMMINS INC annual r&d expense for 2023 was $1.50B, a 17.37% increase from 2022.
What is CUMMINS INC's 5-year r&d expense CAGR?
CUMMINS INC r&d expense grew at a compound annual growth rate (CAGR) of 9.03% from FY2020 to FY2025, going from $906.0M to $1.40B over 5 years.
- Company
- CUMMINS INC
- Ticker
- CMI
- Sector
- Other
- Industry
- Engines & Turbines