CMI

Cummins Inc

$660.14 -18.10 (-2.67%) At close · Jul 7

Market Cap

$91.09B

137,989,067

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$33.67B -1.3%

FY2025

Net Income

$2.96B -27.3%

FY2025

Gross Margin

25.29% +0.5pp

FY2025

Operating Margin

11.95% +1pp

FY2025

Diluted EPS

$20.50 -27.7%

FY2025

Operating Cash Flow

$3.62B +143.5%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	+6.2%	+11.2%	+5.8%	$33.89B	$33.67B	$34.1B	$34.07B	$28.07B	$24.02B	$19.81B	$23.57B	$23.77B	$20.43B	$17.51B	$19.11B	$19.22B	$17.3B	$17.33B	$18.05B	$13.23B	$10.8B	$14.34B	$13.05B
Cost of Revenue	+5.6%	+11.0%	+5.9%	$25.29B	$25.15B	$25.66B	$25.82B	$21.36B	$18.33B	$14.92B	$17.59B	$18.03B	$15.33B	$13.05B	$14.16B	$14.36B	$13.02B	$12.92B	$13.46B	$10.06B	$8.63B	$11.4B	$10.49B
Gross Profit	+8.2%	+11.7%	+5.6%	$8.6B	$8.52B	$8.44B	$8.25B	$6.72B	$5.7B	$4.89B	$5.98B	$5.74B	$5.1B	$4.46B	$4.95B	$4.86B	$4.28B	$4.42B	$4.59B	$3.17B	$2.17B	$2.94B	$2.56B
Gross Margin	—	—	—	—	25.29%	24.75%	24.22%	23.93%	23.71%	24.7%	25.37%	24.13%	24.97%	25.46%	25.89%	25.29%	24.74%	25.48%	25.43%	23.95%	20.08%	20.5%	19.59%
Research & Development	+3.0%	+9.0%	+6.6%	$1.41B	$1.4B	$1.46B	$1.5B	$1.28B	$1.09B	$906M	$1B	$902M	$754M	$637M	$735M	$754M	$713M	$728M	$629M	$414M	$362M	$422M	$329M
Selling, General & Administrative	+5.2%	+8.0%	+4.1%	$3.2B	$3.13B	$3.28B	$3.33B	$2.69B	$2.37B	$2.13B	$2.45B	$2.44B	$2.43B	$2.1B	$2.09B	$2.1B	$1.82B	$1.81B	$1.84B	$1.49B	$1.24B	$1.45B	$1.3B
Amortization of Intangibles	+13.1%	+14.4%	+13.6%	—	$323M	$324M	$324M	$223M	$144M	$165M	$175M	$153M	$112M	$92M	$90M	$99M	$86M	$64M	$57M	$69M	$55M	$50M	—
Depreciation & Amortization	+12.1%	+10.4%	+8.0%	—	$1.11B	$1.07B	$1.02B	$784M	$662M	$673M	$672M	$611M	$583M	$530M	$514M	$455M	$407M	$361M	$325M	$320M	$326M	$314M	$290M
Restructuring Charges	—	—	—	—	—	—	—	—	-$1M	-$110M	$115M	$0	—	—	$90M	—	—	—	—	—	$85M	—	—
Operating Income	+11.2%	+12.1%	+6.9%	$3.84B	$4.03B	$3.75B	$1.76B	$2.93B	$2.71B	$2.27B	$2.7B	$2.79B	$2.33B	$1.88B	$2.06B	$2.37B	$2.1B	$2.25B	$2.68B	$1.6B	$682M	$1.27B	$1.16B
Operating Margin	—	—	—	—	11.95%	11%	5.17%	10.43%	11.27%	11.45%	11.45%	11.72%	11.43%	10.74%	10.76%	12.3%	12.14%	13%	14.85%	12.11%	6.31%	8.87%	8.87%
EBITDA	+11.4%	+11.8%	+7.2%	—	$5.13B	$4.82B	$2.79B	$3.71B	$3.37B	$2.94B	$3.37B	$3.4B	$2.92B	$2.41B	$2.57B	$2.82B	$2.51B	$2.62B	$3.01B	$1.92B	$1.01B	$1.59B	$1.45B
Interest Expense	+18.2%	+26.9%	+17.6%	$328M	$329M	$370M	$375M	$199M	$111M	$100M	$109M	$114M	$81M	$69M	$65M	$64M	$41M	$32M	$44M	$40M	$35M	$42M	$58M
Interest Income	+5.3%	-2.6%	0.0%	$21M	—	—	—	—	—	$21M	$46M	$35M	$18M	$23M	$24M	$23M	$27M	$25M	$34M	$21M	$8M	$18M	$36M
Other Non-Operating Income	+44.2%	+9.6%	+40.4%	$268M	$267M	$1.52B	$240M	$89M	$156M	$169M	$243M	$81M	$94M	$96M	$9M	$110M	$32M	$24M	—	$34M	-$15M	-$70M	$33M
Equity in Earnings of Unconsolidated Entities	+10.4%	+0.7%	+4.1%	$486M	$469M	$395M	$483M	$349M	$506M	$452M	$330M	$394M	$357M	$301M	$315M	$330M	$325M	$347M	$375M	$321M	$196M	$231M	—
Investment Income (Loss)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$18M	—	-$45M	—
Pretax Income	+12.0%	+11.1%	+6.9%	$3.78B	$3.96B	$4.9B	$1.63B	$2.82B	$2.75B	$2.34B	$2.83B	$2.75B	$2.37B	$1.93B	$2.03B	$2.43B	$2.12B	$2.27B	$2.67B	$1.62B	$640M	—	—
Income Tax	+16.5%	+13.8%	+6.1%	$993M	$1.01B	$835M	$786M	$636M	$587M	$527M	$566M	$566M	$1.37B	$474M	$555M	$698M	$531M	$533M	$725M	$477M	$156M	$360M	$381M
Net Income	+10.6%	+10.3%	+7.2%	$2.79B	$2.96B	$4.07B	$840M	$2.18B	$2.16B	$1.81B	$2.27B	$2.19B	$994M	$1.46B	$1.47B	$1.74B	$1.59B	$1.74B	$1.95B	$1.04B	$428M	$755M	$739M
Net Margin	—	—	—	—	8.78%	11.93%	2.47%	7.78%	9.01%	9.14%	9.62%	9.2%	4.87%	8.32%	7.69%	9.03%	9.18%	10.03%	10.78%	7.86%	3.96%	5.26%	5.66%
Net Income Attributable to Noncontrolling Interests	+52.7%	+39.0%	+4.8%	$114M	$114M	$122M	$105M	$32M	$33M	$22M	$8M	$46M	-$5M	$62M	$71M	$85M	$105M	$93M	$98M	$100M	$56M	$63M	$49M
Net Income Available to Common Stockholders	+9.7%	+9.7%	+7.3%	$2.67B	$2.84B	$3.95B	$735M	$2.15B	$2.13B	$1.79B	$2.26B	$2.14B	$999M	$1.39B	$1.4B	$1.65B	$1.48B	$1.65B	$1.85B	$1.04B	$428M	—	—
Comprehensive Income	+18.0%	+10.4%	+10.3%	$2.66B	$3.01B	$3.71B	$419M	$1.83B	$2.54B	$1.84B	$2.04B	$1.84B	$1.32B	$921M	$1.13B	$1.36B	$1.65B	$1.63B	$1.63B	$1.22B	—	—	—
EPS (Basic) USD/shares	+10.7%	+11.3%	+10.1%	—	$20.62	$28.55	$5.19	$15.20	$14.74	$12.07	$14.54	$13.20	$5.99	$8.25	$7.86	$9.04	$7.93	$8.69	$9.58	$5.29	$2.17	$3.87	$3.72
EPS (Diluted) USD/shares	+10.7%	+11.3%	+10.1%	—	$20.50	$28.37	$5.15	$15.12	$14.61	$12.01	$14.48	$13.15	$5.97	$8.23	$7.84	$9.02	$7.91	$8.67	$9.55	$5.28	$2.16	$3.84	$3.70
Shares Outstanding (Basic Avg) shares	-0.9%	-1.4%	-2.5%	—	137.9M	138.2M	141.7M	141.5M	144.6M	148.2M	155.4M	162.2M	166.7M	169.04M	178.04M	182.64M	186.99M	189.29M	192.97M	196.7M	197.45M	194.96M	—
Shares Outstanding (Diluted Avg) shares	-0.9%	-1.4%	-2.5%	—	138.7M	139.1M	142.7M	142.3M	145.9M	149M	156.1M	162.8M	167.3M	169.34M	178.41M	183.08M	187.42M	189.67M	193.6M	197.15M	197.7M	196.53M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $9.62B in buybacks, $10.92B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Specialty Industrial Machinery median 3.35×

EV/EBIT

—

Specialty Industrial Machinery median 23.07×

P/E (TTM)

34.29×

Specialty Industrial Machinery median 32.69×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Total Segment	$41,352,000,000	$41,597,000,000	$41,369,000,000	$34,841,000,000	$29,922,000,000	$24,885,000,000	$29,539,000,000	$30,193,000,000
Distribution	$12,405,000,000	$11,384,000,000	$10,249,000,000	$8,929,000,000	$7,772,000,000	$7,136,000,000	$8,071,000,000	$7,828,000,000
Engine	$10,875,000,000	$11,712,000,000	$11,684,000,000	$10,945,000,000	$9,954,000,000	$8,022,000,000	$10,056,000,000	$10,566,000,000
Components	$10,149,000,000	$11,679,000,000	$13,409,000,000	$9,736,000,000	$7,665,000,000	$6,024,000,000	$6,914,000,000	$7,166,000,000
Power Systems	$7,463,000,000	$6,408,000,000	$5,673,000,000	$5,033,000,000	$4,415,000,000	$3,631,000,000	$4,460,000,000	$4,626,000,000
Accelera	$460,000,000	$414,000,000	$354,000,000	$198,000,000	$116,000,000	—	—	—
New Power	—	—	—	$198,000,000	$116,000,000	$72,000,000	$38,000,000	$7,000,000
Corporate And Other	—	—	—	—	-$5,901,000,000	-$5,074,000,000	-$5,968,000,000	-$6,422,000,000
Intersegment Elimination	—	—	—	—	—	—	-$5,968,000,000	-$6,422,000,000

By Geography (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
United States	$18,974,000,000	$19,422,000,000	$19,302,000,000	$15,833,000,000	$12,489,000,000	$10,605,000,000	$13,519,000,000	$13,218,000,000
Non Us	$9,677,000,000	$9,953,000,000	$9,970,000,000	$8,459,000,000	$7,230,000,000	$5,694,000,000	$6,873,000,000	$7,264,000,000
China	$3,298,000,000	$2,948,000,000	$3,115,000,000	$2,390,000,000	$3,169,000,000	$2,832,000,000	$2,331,000,000	$2,324,000,000
India	$1,721,000,000	$1,779,000,000	$1,678,000,000	$1,392,000,000	$1,133,000,000	$680,000,000	$848,000,000	$965,000,000

By Product & Service (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
On Highway	$7,021,000,000	$8,005,000,000	$7,761,000,000	$7,111,000,000	$6,334,000,000	$4,870,000,000	$6,526,000,000	$6,922,000,000
DBU Power Generation Domain	$4,928,000,000	$3,961,000,000	$2,496,000,000	$1,767,000,000	$1,754,000,000	$1,686,000,000	$1,777,000,000	$1,482,000,000
Parts	$4,073,000,000	$3,966,000,000	$4,052,000,000	$3,809,000,000	$3,136,000,000	$2,921,000,000	$3,278,000,000	$3,222,000,000
Drivetrain and Braking Systems	$3,983,000,000	$4,731,000,000	$4,822,000,000	$1,879,000,000	—	—	—	—
Emission Solutions	$3,034,000,000	$3,180,000,000	$3,425,000,000	$3,086,000,000	$3,142,000,000	$2,352,000,000	$2,763,000,000	$2,780,000,000
Medium Duty Truck and Bus	$2,547,000,000	$3,100,000,000	$2,622,000,000	$2,412,000,000	$1,978,000,000	$1,629,000,000	$2,244,000,000	$2,536,000,000
Heavy Duty Truck	$2,544,000,000	$3,320,000,000	$3,391,000,000	$2,995,000,000	$2,511,000,000	$1,800,000,000	$2,626,000,000	$2,885,000,000
PSBU Power Generation	$2,229,000,000	$1,896,000,000	$1,698,000,000	$1,658,000,000	$1,481,000,000	$1,155,000,000	$1,414,000,000	$1,467,000,000
Light Duty Automotive	$1,930,000,000	$1,585,000,000	$1,748,000,000	$1,704,000,000	$1,845,000,000	$1,441,000,000	$1,656,000,000	$1,501,000,000
Service	$1,798,000,000	$1,747,000,000	$1,664,000,000	$1,555,000,000	$1,359,000,000	$1,258,000,000	$1,474,000,000	$1,471,000,000
Engine Product Line	$1,587,000,000	$1,678,000,000	$1,987,000,000	$1,770,000,000	$1,493,000,000	$1,245,000,000	$1,511,000,000	$1,632,000,000
Industrial	$1,238,000,000	$1,130,000,000	$970,000,000	$843,000,000	$820,000,000	$638,000,000	$908,000,000	$801,000,000
Engine Components and Software	$1,203,000,000	$1,106,000,000	$1,225,000,000	$1,030,000,000	—	—	—	—
Off Highway	$1,083,000,000	$982,000,000	$1,113,000,000	$1,088,000,000	$1,255,000,000	$1,055,000,000	$1,044,000,000	$1,080,000,000
Generator Technologies	$647,000,000	$474,000,000	$457,000,000	$450,000,000	$349,000,000	$262,000,000	$348,000,000	$357,000,000
Eaton Automated Transmission Technologies	$423,000,000	$588,000,000	$714,000,000	$593,000,000	$481,000,000	$303,000,000	$534,000,000	$543,000,000
Atmus Filtration	$0	$289,000,000	$1,345,000,000	$1,259,000,000	$1,171,000,000	—	—	—
Axles And Brakes	—	—	$4,822,000,000	$1,879,000,000	$0	$0	—	—
Electronicsand Fuelsystems	—	—	—	$224,000,000	$351,000,000	$317,000,000	$236,000,000	$237,000,000
Engine Components	—	—	$1,119,000,000	$946,000,000	$1,019,000,000	—	—	—
Filtration	—	—	—	$1,259,000,000	$1,171,000,000	$1,005,000,000	$1,024,000,000	$1,010,000,000
Software And Electronics	—	—	$106,000,000	$84,000,000	$119,000,000	—	—	—
Turbotechnologies	—	—	—	$806,000,000	$787,000,000	$673,000,000	$696,000,000	$761,000,000
Royalty	—	—	—	—	—	—	$59,000,000	$58,000,000

Key facts CIK 26172 CUSIP 231021106 13F (30d) 157 filings 92 filers Visit website Investor relations