CMI
Cummins Inc.
Stock
$517.00+0.43 (+0.08%)Close Oct 1, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.7B | $33.7B | $34.1B | $34.1B | $28.1B | $24.0B | $19.8B | $23.6B | $23.8B | $20.4B | $17.5B | $19.1B | $19.2B | $17.3B | $17.3B | $18.0B | $13.2B | $10.8B | $14.3B | $13.0B |
| Cost of revenue | $25.9B | $25.2B | $25.7B | $25.8B | $21.4B | $18.3B | $14.9B | $17.6B | $18.0B | $15.3B | $13.1B | $14.2B | $14.4B | $13.0B | $12.9B | $13.5B | $10.1B | $8.6B | $11.4B | $10.5B |
| Gross profit | $8.8B | $8.5B | $8.4B | $8.2B | $6.7B | $5.7B | $4.9B | $6.0B | $5.7B | $5.1B | $4.5B | $4.9B | $4.9B | $4.3B | $4.4B | $4.6B | $3.2B | $2.2B | $2.9B | $2.6B |
| R&D | $1.4B | $1.4B | $1.5B | $1.5B | $1.3B | $1.1B | $906M | $1.0B | $902M | $754M | $637M | $735M | $754M | $713M | $728M | $629M | $414M | $362M | $422M | $329M |
| SG&A | $3.3B | $3.1B | $3.3B | $3.3B | $2.7B | $2.4B | $2.1B | $2.5B | $2.4B | $2.4B | $2.1B | $2.1B | $2.1B | $1.8B | $1.8B | $1.8B | $1.5B | $1.2B | $1.5B | $1.3B |
| Other operating expenses | $144M | — | — | $1.7B | — | — | — | — | — | — | — | $63M | — | — | — | — | — | — | — | — |
| Operating income | $3.9B | $4.0B | $3.8B | $1.8B | $2.9B | $2.7B | $2.3B | $2.7B | $2.8B | $2.3B | $1.9B | $2.1B | $2.4B | $2.1B | $2.3B | $2.7B | $1.6B | $682M | $1.3B | $1.2B |
| Non-operating income | −$45M | −$62M | $1.2B | −$135M | −$110M | $45M | $69M | $134M | −$33M | $31M | $50M | −$32M | $69M | $18M | $17M | −$10M | $15M | −$42M | — | — |
| Pretax income | $3.8B | $4.0B | $4.9B | $1.6B | $2.8B | $2.8B | $2.3B | $2.8B | $2.8B | $2.4B | $1.9B | $2.0B | $2.4B | $2.1B | $2.3B | $2.7B | $1.6B | $640M | — | — |
| Taxes | $1.1B | $1.1B | $957M | $891M | $668M | $620M | $549M | $574M | $612M | $1.4B | $536M | $626M | $783M | $636M | $626M | $823M | $577M | $212M | — | — |
| Net income | $2.7B | $2.8B | $3.9B | $735M | $2.2B | $2.1B | $1.8B | $2.3B | $2.1B | $999M | $1.4B | $1.4B | $1.7B | $1.5B | $1.6B | $1.8B | $1.0B | $428M | $755M | $739M |
| Diluted EPS | $19.56 | $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 |
| Diluted shares | — | 138.7M | 139.1M | 142.7M | 142.3M | 145.9M | 149.0M | 156.1M | 162.8M | 167.3M | 169.3M | 178.4M | 183.1M | 187.4M | 189.7M | 193.6M | 197.1M | 197.7M | 196.5M | — |
| Revenue growth | — | −1.3% | +0.1% | +21.3% | +16.9% | +21.3% | −16.0% | −0.8% | +16.4% | +16.7% | −8.4% | −0.6% | +11.1% | −0.2% | −4.0% | +36.5% | +22.5% | −24.7% | +9.9% | — |
| Gross margin | 25.3% | 25.3% | 24.7% | 24.2% | 23.9% | 23.7% | 24.7% | 25.4% | 24.1% | 25.0% | 25.5% | 25.9% | 25.3% | 24.7% | 25.5% | 25.4% | 24.0% | 20.1% | 20.5% | 19.6% |
| Operating margin | 11.2% | 12.0% | 11.0% | 5.2% | 10.4% | 11.3% | 11.5% | 11.5% | 11.7% | 11.4% | 10.7% | 10.8% | 12.3% | 12.1% | 13.0% | 14.9% | 12.1% | 6.3% | 8.9% | 8.9% |
| Net margin | 7.8% | 8.4% | 11.6% | 2.2% | 7.7% | 8.9% | 9.0% | 9.6% | 9.0% | 4.9% | 8.0% | 7.3% | 8.6% | 8.6% | 9.5% | 10.2% | 7.9% | 4.0% | 5.3% | 5.7% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.