Cummins Inc. (CMI) — Financial statements
Income statement, balance sheet, and cash flow for Cummins Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 33,670↓1.3% | 34,102↑0.1% | 34,065↑21.3% | 28,074↑16.9% | 24,021 | |
| Cost of Revenue | 25,154↓2.0% | 25,663↓0.6% | 25,816↑20.9% | 21,355↑16.5% | 18,326 | |
| Gross Profit | 8,516↑0.9% | 8,439↑2.3% | 8,249↑22.8% | 6,719↑18.0% | 5,695 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,396↓4.6% | 1,463↓2.5% | 1,500↑17.4% | 1,278↑17.2% | 1,090 | |
| General & Administrative Expenses | 3,125↓4.6% | 3,275↓1.7% | 3,333↑24.0% | 2,687↑13.2% | 2,374 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,125↓4.6% | 3,275↓1.7% | 3,333↑24.0% | 2,687↑13.2% | 2,374 | |
| Other Expenses | 130↑365.3% | -49↓103.0% | 1,655↑1045.7% | -175↑63.2% | -475 | |
| Operating Expenses | 4,651↓0.8% | 4,689↓27.7% | 6,488↑71.2% | 3,790↑26.8% | 2,989 | |
| Total Costs & Expenses | 29,805↓1.8% | 30,352↓6.0% | 32,304↑28.5% | 25,145↑18.0% | 21,315 | |
| Operating Results | ||||||
| Operating Income | 3,865↑3.1% | 3,750↑112.9% | 1,761↓39.9% | 2,929↑8.2% | 2,706 | |
| Depreciation & Amortization | 1,105↑3.8% | 1,065↑4.0% | 1,024↑30.6% | 784↑18.4% | 662 | |
| EBITDA | 5,397↓14.8% | 6,338↑109.5% | 3,025↓20.4% | 3,802↑7.9% | 3,524 | |
| EBIT | 4,292↓18.6% | 5,273↑163.5% | 2,001↓33.7% | 3,018↑5.5% | 2,862 | |
| Interest & Other Income | ||||||
| Net Interest Income | -118↑35.9% | -184↓35.3% | -136↓83.8% | -74↓155.2% | -29 | |
| Interest Income | 211↑13.4% | 186↓22.2% | 239↑91.2% | 125↑52.4% | 82 | |
| Interest Expense | 329↓11.1% | 370↓1.3% | 375↑88.4% | 199↑79.3% | 111 | |
| Non-Operating Income | -427↑72.0% | -1,523↓534.6% | -240↓169.7% | -89↑42.9% | -156 | |
| Other Income / Expenses | 98↓91.5% | 1,153↑954.1% | -135↓22.7% | -110↓344.4% | 45 | |
| Income Before Tax | 3,963↓19.2% | 4,903↑201.5% | 1,626↓42.3% | 2,819↑2.5% | 2,751 | |
| Income Tax Expense | 1,006↑20.5% | 835↑6.2% | 786↑23.6% | 636↑8.3% | 587 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,957↓27.3% | 4,068↑384.3% | 840↓61.5% | 2,183↑0.9% | 2,164 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,843↓28.0% | 3,946↑436.9% | 735↓65.8% | 2,151↑0.9% | 2,131 | |
| Bottom-Line Net Income | 2,843↓28.0% | 3,946↑436.9% | 735↓65.8% | 2,151↑0.9% | 2,131 | |
| EPS (Basic) | 20.62↓27.8% | 28.55↑450.1% | 5.19↓65.9% | 15.20↑3.1% | 14.74 | |
| EPS (Diluted) | 20.50↓27.7% | 28.37↑450.9% | 5.15↓65.9% | 15.12↑3.5% | 14.61 | |
| Weighted Average Shares | 138↓0.2% | 138↓2.5% | 142↑0.1% | 142↓2.1% | 145 | |
| Weighted Average Diluted Shares | 139↓0.3% | 139↓2.5% | 143↑0.3% | 142↓2.5% | 146 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.