Buyback Radar
Company reports

Cummins

CMI

Cummins has retired 33.9% of its shares since 2006, from 208,398,444 to 137,664,487.

33.9%retired since 2006
3.8%last 5 years
0.3%last 12 months
138Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2018208M shares, 2006138M200020052010201520202025
1999, 166,000,0002026-06-30, 137,664,487
A share bought in 1999
1.2× more of Cummins today, without buying another share. It was one of 166,000,000 shares then. It is one of 137,664,487 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-01-28166,000,00010-Kcover page
20002001-01-26165,600,00010-Kcover page
20012002-01-25165,200,00010-Kcover page
20022003-06-29166,000,00010-Kcover page
20032004-02-01171,200,00010-Kcover page
20042005-02-27185,296,06410-Kcover page
20052006-02-05185,823,75610-Kcover page
20062007-02-04208,398,44410-Kcover page
20072008-02-01202,192,54810-Kcover page
20082009-01-30201,352,07310-Kcover page
20092010-01-29201,359,03610-K
20102011-01-28197,847,36810-K
20112012-02-03191,927,54710-K
20122013-02-01189,844,82910-K
20132014-01-31186,682,82610-K
20142015-01-30181,945,78310-K
20152016-02-05174,320,79710-K
20162017-02-03168,155,33010-K
20172018-02-02165,683,33410-K
20182019-02-01157,338,87410-K
20192020-01-31150,269,66510-K
20202020-12-31147,657,58410-K
20212021-12-31142,426,73510-K
20222023-01-31141,375,25610-K
20232024-01-31141,856,84710-K
20242025-01-31137,481,16410-K
20252026-01-31138,165,46310-K

Source: all 10-K filings of Cummins on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Cummins buybacks, answered

Is Cummins buying back its stock?

Only enough to stand still. The share count is roughly flat over the last twelve months, at 137,664,487 as of June 30, 2026. Over five years the share count is down 3.8%.

How many shares has Cummins bought back?

Net of every new share it issued, Cummins has 70.7 million fewer shares than at its 2006 peak. That is 33.9% of the company.

How many shares does Cummins have outstanding?

137,664,487 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 2006 peak it had 208,398,444.

What do Cummins' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Cummins stock in 2006 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Cummins compare with other cannibal stocks?

Cummins ranks No. 154 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Aptiv (34.1%), Progressive (34.1%), Adobe (33.9%), UnitedHealth (33.8%).

Every answer is computed from Cummins' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

First EagleFirst Eagle Investment Management1,073,736 shares, $765.8M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Cummins in depth on Cannibal Stocks.

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