Who Owns Cummins?
Cummins is the master brand of Cummins Inc. (NYSE: CMI), the power technology company headquartered in Columbus, Indiana. Founded in 1919, the brand covers diesel and natural gas engines, generators, and components used in trucks, buses, construction equipment, and data center backup power. Parent FY2025 revenues were $33.7 billion.
Who Owns Cummins?
- Parent Company: Cummins Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CMI
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Cummins | Cummins Inc. | Brand division |
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Cummins on AmazonHistory of Cummins
- Founded: 1919
- Founders: Clessie Cummins, William G. Irwin
Clessie Cummins founded Cummins Engine Company in 1919 in Columbus, Indiana, backed by banker William G. Irwin. The company licensed Rudolf Diesel's technology and built some of the first successful American diesel engines, initially for stationary and marine use.
Publicity stunts in the 1930s, including a diesel-powered Packard driven coast to coast, established diesel's efficiency credentials. The H-series engine in 1932 and the NTC series in 1955 made Cummins the dominant heavy-duty truck engine maker in North America for decades.
The brand expanded internationally through joint ventures in the UK, India, China, Brazil, and Mexico, and diversified into filtration, turbochargers, alternators, and power generation, acquiring Onan in 1986. In 2001 the company renamed itself Cummins Inc., reflecting a portfolio that had grown beyond engines.
The modern brand strategy centers on Destination Zero, the transition pathway toward lower and zero-emissions power. In FY2025 the brand's Distribution and Power Systems segments delivered record results on data center backup power demand even as North American truck markets weakened, illustrating the brand's breadth across industrial power applications.
About Cummins Inc.
What does Cummins own?
Cummins owns brands including Cummins engines and components, Accelera zero-emissions technology, Cummins Onan generators, Holset turbochargers, and the Eaton Cummins transmission joint venture. It separated its Fleetguard filtration business into Atmus Filtration Technologies in 2024.
Is Cummins publicly traded?
Yes. Cummins trades on the NYSE under ticker CMI and is a component of the S&P 500. Its shares are broadly held by institutional investors.
Who founded Cummins?
Clessie Cummins founded Cummins Engine Company in 1919 in Columbus, Indiana, with backing from banker William G. Irwin. It was renamed Cummins Inc. in 2001.
Where is Cummins headquartered?
Cummins is headquartered in Columbus, Indiana, USA, where it was founded and where it maintains its principal engineering and corporate operations.
Who owns Cummins?
Cummins is owned by its public shareholders with no controlling investor. Institutional holders including Vanguard and BlackRock are among the largest.
What is Cummins' revenue?
Cummins reported FY2025 revenues of $33.7 billion, down 1% year over year, with net income of $2.8 billion and diluted EPS of $20.50.
How many brands does Cummins own?
Cummins operates primarily under the Cummins master brand plus specialized brands including Accelera, Cummins Onan, Holset, and Endurant. The Fleetguard brand moved to Atmus Filtration Technologies in the 2024 separation.
- Founded: 1919
- Headquarters: Columbus, Indiana, USA
- Company Type: Publicly Traded
- Stock: NYSE: CMI
- Revenue: $33.7 billion (FY2025)
- Employees: Approximately 69,000
Where Is Cummins Made / Based?
- Headquarters: Columbus, Indiana, USA
- Manufacturing / Operations: United States, United Kingdom, China, India, Brazil
Cummins Categories & Tags
Cummins Recalls & Controversies
As an industrial manufacturer, the Cummins brand's controversies center on emissions regulation and product compliance.
Record Clean Air Act settlement (2023): Cummins agreed to pay a $1.675 billion civil penalty in December 2023 to resolve EPA allegations that it installed defeat devices in approximately 630,000 RAM truck engines that bypassed emissions controls. It was the largest Clean Air Act civil penalty on record. Cummins did not admit wrongdoing but recalled the affected vehicles for software fixes.
Emissions compliance pressure: As a diesel engine maker, the brand faces escalating emissions standards globally, with compliance costs and technology risk built into product development.
Product recalls: Like all engine manufacturers, Cummins has issued periodic recalls for component defects, handled through standard regulatory channels.
Brands Owned by Cummins Inc.
AutomotiveAccelera
Owned by Cummins Inc.
Zero-emissions technology brand of Cummins Inc., covering battery-electric powertrains, fuel cells, and electrolyzers under the Destination Zero strategy.
zero-emissionselectric-powertrainfuel-cell
AutomotiveCummins Onan
Owned by Cummins Inc.
Generator brand of Cummins Inc., producing mobile, RV, marine, and commercial power generators under the Cummins Onan name since Cummins acquired Onan in 1986.
generatorsrv-powermarine-generators
Cummins Ownership: Pros & Cons
Advantages
- +Decades of diesel engine leadership with deep installed base generating service annuity
- +Global distributor network in approximately 190 countries
- +FY2025 record results in Distribution and Power Systems offset truck weakness
- +Data center backup power demand creates new structural growth
- +Premium brand recognition in industrial power markets
Considerations
- -Diesel engine demand faces long-term secular decline as electrification advances
- -North American truck market weakness drove FY2025 revenue down 1%
- -$1.675 billion Clean Air Act penalty in 2023 damaged regulatory standing
- -Zero-emissions transition splits brand equity between Cummins and Accelera
- -Emissions compliance costs pressure engine margins
Frequently Asked Questions About Cummins
Sources & Further Reading
Competitors to Cummins
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Constellation Energy | USA | 1984 | Mass market | United states | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: Cummins competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to Cummins
Looking for brands with different ownership structures? These similar brands are not owned by Cummins Inc., giving you alternative choices that support different corporate structures.
AutomotiveGenesis
Owned by Hyundai Motor Group
South Korean luxury vehicle brand specializing in premium automobiles, owned by Hyundai Motor Group.
luxuryautomotivepremium-vehicles
Privately Owned
Genesis is privately owned, unlike Cummins which is under a publicly traded parent company.
AutomotivePenske Automotive
Owned by Penske Automotive Group, Inc.
Flagship automotive retail brand of Penske Automotive Group, operating franchised dealerships across the United States and internationally under the Penske name.
car-dealershipautomotive-retailnew-cars
Publicly Traded
Penske Automotive operates independently without a large parent corporation.
AutomotiveCarMax
Owned by CarMax, Inc.
Consumer-facing used vehicle retail brand of CarMax, Inc., the largest used car retailer in the United States with more than 250 stores nationwide.
used-carsauto-retailcarmax
Publicly Traded
CarMax operates independently without a large parent corporation.
AutomotiveInterstate Batteries
Owned by Interstate Battery System of America
American battery distributor founded in 1952, specializing in automotive, commercial, and consumer batteries, headquartered in Dallas, Texas.
batteriesautomotive-batterieslead-acid-batteries
Privately Owned
Interstate Batteries is privately owned, unlike Cummins which is under a publicly traded parent company.
AutomotiveRush Enterprises
Owned by Rush Enterprises
Largest network of commercial vehicle dealerships in North America, operating Peterbilt and International truck centers.
truck-dealershipcommercial-vehiclespeterbilt
Publicly Traded
Rush Enterprises operates independently without a large parent corporation.
AutomotiveDefender
Owned by Jaguar Land Rover Automotive PLC
British off-road vehicle brand produced by Jaguar Land Rover, a subsidiary of Tata Motors. Originally launched in 1948 as the Land Rover, reintroduced as the modern Defender in 2020.
utility-vehiclesoff-roadsuv
Privately Owned
Defender is privately owned, unlike Cummins which is under a publicly traded parent company.
Cummins Inc. Stock Information
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