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Side-by-side financial comparison of Cummins (CMI) and DTE Energy (DTE). Click either name above to swap in a different company.

Cummins is the larger business by last-quarter revenue ($8.5B vs $4.4B, roughly 1.9× DTE Energy). DTE Energy runs the higher net margin — 8.3% vs 7.3%, a 1.1% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs 1.1%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% CAGR vs 0.8%).

Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes diesel engines, electric vehicle components, and power generation products. Cummins also services engines and related equipment, including fuel systems, air handling systems controls, filtration, emission control, electrical power generation systems, and engine control units.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

CMI vs DTE — Head-to-Head

Bigger by revenue
CMI
CMI
1.9× larger
CMI
$8.5B
$4.4B
DTE
Growing faster (revenue YoY)
DTE
DTE
+27.8% gap
DTE
28.9%
1.1%
CMI
Higher net margin
DTE
DTE
1.1% more per $
DTE
8.3%
7.3%
CMI
Faster 2-yr revenue CAGR
DTE
DTE
Annualised
DTE
16.9%
0.8%
CMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMI
CMI
DTE
DTE
Revenue
$8.5B
$4.4B
Net Profit
$620.0M
$369.0M
Gross Margin
22.9%
Operating Margin
9.5%
15.9%
Net Margin
7.3%
8.3%
Revenue YoY
1.1%
28.9%
Net Profit YoY
39.3%
26.4%
EPS (diluted)
$4.25
$1.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMI
CMI
DTE
DTE
Q4 25
$8.5B
$4.4B
Q3 25
$8.3B
$3.5B
Q2 25
$8.6B
$3.4B
Q1 25
$8.2B
$4.4B
Q4 24
$8.4B
$3.4B
Q3 24
$8.5B
$2.9B
Q2 24
$8.8B
$2.9B
Q1 24
$8.4B
$3.2B
Net Profit
CMI
CMI
DTE
DTE
Q4 25
$620.0M
$369.0M
Q3 25
$559.0M
$419.0M
Q2 25
$928.0M
$229.0M
Q1 25
$850.0M
$445.0M
Q4 24
$445.0M
$292.0M
Q3 24
$843.0M
$477.0M
Q2 24
$752.0M
$322.0M
Q1 24
$2.0B
$313.0M
Gross Margin
CMI
CMI
DTE
DTE
Q4 25
22.9%
Q3 25
25.6%
Q2 25
26.4%
Q1 25
26.4%
Q4 24
24.1%
Q3 24
25.7%
Q2 24
24.9%
Q1 24
24.3%
Operating Margin
CMI
CMI
DTE
DTE
Q4 25
9.5%
15.9%
Q3 25
10.2%
17.6%
Q2 25
14.2%
12.5%
Q1 25
13.9%
14.1%
Q4 24
8.7%
16.2%
Q3 24
12.4%
17.8%
Q2 24
11.9%
17.5%
Q1 24
11.0%
16.0%
Net Margin
CMI
CMI
DTE
DTE
Q4 25
7.3%
8.3%
Q3 25
6.7%
11.9%
Q2 25
10.7%
6.7%
Q1 25
10.4%
10.0%
Q4 24
5.3%
8.5%
Q3 24
10.0%
16.4%
Q2 24
8.5%
11.2%
Q1 24
24.1%
9.7%
EPS (diluted)
CMI
CMI
DTE
DTE
Q4 25
$4.25
$1.78
Q3 25
$3.86
$2.01
Q2 25
$6.43
$1.10
Q1 25
$5.96
$2.14
Q4 24
$3.22
$1.41
Q3 24
$5.86
$2.30
Q2 24
$5.26
$1.55
Q1 24
$14.03
$1.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMI
CMI
DTE
DTE
Cash + ST InvestmentsLiquidity on hand
$4.4B
$208.0M
Total DebtLower is stronger
$6.8B
$23.8B
Stockholders' EquityBook value
$12.3B
$12.3B
Total Assets
$34.0B
$54.1B
Debt / EquityLower = less leverage
0.55×
1.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMI
CMI
DTE
DTE
Q4 25
$4.4B
$208.0M
Q3 25
$3.2B
$34.0M
Q2 25
$3.1B
$32.0M
Q1 25
$2.2B
$33.0M
Q4 24
$2.3B
$24.0M
Q3 24
$2.3B
$969.0M
Q2 24
$2.2B
$20.0M
Q1 24
$3.1B
$292.0M
Total Debt
CMI
CMI
DTE
DTE
Q4 25
$6.8B
$23.8B
Q3 25
$6.8B
$24.5B
Q2 25
$6.8B
$22.9B
Q1 25
$4.8B
$21.8B
Q4 24
$4.8B
$20.7B
Q3 24
$4.9B
$20.5B
Q2 24
$5.4B
$19.3B
Q1 24
$5.8B
$19.2B
Stockholders' Equity
CMI
CMI
DTE
DTE
Q4 25
$12.3B
$12.3B
Q3 25
$12.1B
$12.2B
Q2 25
$11.8B
$11.7B
Q1 25
$10.9B
$11.9B
Q4 24
$10.3B
$11.7B
Q3 24
$10.3B
$11.6B
Q2 24
$9.6B
$11.1B
Q1 24
$9.1B
$11.2B
Total Assets
CMI
CMI
DTE
DTE
Q4 25
$34.0B
$54.1B
Q3 25
$33.6B
$52.0B
Q2 25
$34.3B
$50.2B
Q1 25
$32.5B
$49.6B
Q4 24
$31.5B
$48.8B
Q3 24
$32.1B
$49.8B
Q2 24
$31.3B
$47.8B
Q1 24
$31.8B
$45.9B
Debt / Equity
CMI
CMI
DTE
DTE
Q4 25
0.55×
1.93×
Q3 25
0.57×
2.01×
Q2 25
0.58×
1.96×
Q1 25
0.44×
1.83×
Q4 24
0.47×
1.77×
Q3 24
0.47×
1.76×
Q2 24
0.57×
1.74×
Q1 24
0.64×
1.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMI
CMI
DTE
DTE
Operating Cash FlowLast quarter
$1.5B
$1.0B
Free Cash FlowOCF − Capex
$990.0M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
2.47×
2.84×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMI
CMI
DTE
DTE
Q4 25
$1.5B
$1.0B
Q3 25
$1.3B
$632.0M
Q2 25
$785.0M
$709.0M
Q1 25
$-3.0M
$1.0B
Q4 24
$1.4B
$1.1B
Q3 24
$640.0M
$758.0M
Q2 24
$-851.0M
$759.0M
Q1 24
$276.0M
$1.0B
Free Cash Flow
CMI
CMI
DTE
DTE
Q4 25
$990.0M
Q3 25
$1.0B
Q2 25
$554.0M
Q1 25
$-165.0M
Q4 24
$882.0M
Q3 24
$381.0M
Q2 24
$-1.1B
Q1 24
$107.0M
FCF Margin
CMI
CMI
DTE
DTE
Q4 25
11.6%
Q3 25
12.1%
Q2 25
6.4%
Q1 25
-2.0%
Q4 24
10.4%
Q3 24
4.5%
Q2 24
-12.4%
Q1 24
1.3%
Capex Intensity
CMI
CMI
DTE
DTE
Q4 25
6.4%
Q3 25
3.6%
Q2 25
2.7%
Q1 25
2.0%
Q4 24
6.4%
Q3 24
3.1%
Q2 24
2.7%
Q1 24
2.0%
Cash Conversion
CMI
CMI
DTE
DTE
Q4 25
2.47×
2.84×
Q3 25
2.33×
1.51×
Q2 25
0.85×
3.10×
Q1 25
-0.00×
2.29×
Q4 24
3.20×
3.71×
Q3 24
0.76×
1.59×
Q2 24
-1.13×
2.36×
Q1 24
0.14×
3.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMI
CMI

Other$2.9B34%
Parts$1.0B12%
Mediumdutytruckandbus$638.0M7%
Heavydutytruck$623.0M7%
Intersegmentsales$620.0M7%
PSBU Power Generation$577.0M7%
Related Party$469.0M5%
Services$449.0M5%
Lightdutyautomotive$440.0M5%
Industrial$333.0M4%
Offhighway$279.0M3%
Generatortechnologies$152.0M2%

DTE
DTE

Electric Segment$1.8B40%
Residential$723.0M16%
Gas Segment$651.0M15%
Commercial$524.0M12%
Other$333.0M8%
DTE Vantage Segment$176.0M4%
Industrial$159.0M4%
End User Transportation$69.0M2%
Intermediate Transportation$25.0M1%

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