Cummins Research and Development Expenses 2010-2024 | CMI

Cummins annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • Cummins research and development expenses for the quarter ending September 30, 2024 were $0.359B, a 4.52% decline year-over-year.
  • Cummins research and development expenses for the twelve months ending September 30, 2024 were $1.497B, a 3.74% increase year-over-year.
  • Cummins annual research and development expenses for 2023 were $1.5B, a 17.37% increase from 2022.
  • Cummins annual research and development expenses for 2022 were $1.278B, a 17.25% increase from 2021.
  • Cummins annual research and development expenses for 2021 were $1.09B, a 20.31% increase from 2020.
Cummins Annual Research and Development Expenses
(Millions of US $)
2023 $1,500
2022 $1,278
2021 $1,090
2020 $906
2019 $1,001
2018 $902
2017 $754
2016 $637
2015 $735
2014 $754
2013 $713
2012 $728
2011 $629
2010 $414
2009 $362
Cummins Quarterly Research and Development Expenses
(Millions of US $)
2024-09-30 $359
2024-06-30 $379
2024-03-31 $369
2023-12-31 $390
2023-09-30 $376
2023-06-30 $384
2023-03-31 $350
2022-12-31 $333
2022-09-30 $348
2022-06-30 $299
2022-03-31 $298
2021-12-31 $288
2021-09-30 $266
2021-06-30 $276
2021-03-31 $260
2020-12-31 $255
2020-09-30 $224
2020-06-30 $189
2020-03-31 $238
2019-12-31 $271
2019-09-30 $242
2019-06-30 $251
2019-03-31 $237
2018-12-31 $244
2018-09-30 $229
2018-06-30 $219
2018-03-31 $210
2017-12-31 $208
2017-09-30 $213
2017-06-30 $175
2017-03-31 $158
2016-12-31 $159
2016-09-30 $157
2016-06-30 $155
2016-03-31 $166
2015-12-31 $177
2015-09-30 $197
2015-06-30 $166
2015-03-31 $195
2014-12-31 $187
2014-09-30 $198
2014-06-30 $179
2014-03-31 $190
2013-12-31 $181
2013-09-30 $173
2013-06-30 $177
2013-03-31 $182
2012-12-31 $174
2012-09-30 $186
2012-06-30 $187
2012-03-31 $181
2011-12-31 $179
2011-09-30 $164
2011-06-30 $157
2011-03-31 $129
2010-12-31 $123
2010-09-30 $103
2010-06-30 $96
2010-03-31 $92
2009-12-31 $108
2009-09-30 $90
2009-06-30 $79
2009-03-31 $85
Sector Industry Market Cap Revenue
Auto/Tires/Trucks Internal Combustion Engines $51.117B $34.065B
Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of company-owned and independent distributor facilities.
Stock Name Country Market Cap PE Ratio
Power Solutions (PSIX) United States $0.753B 15.45