Cummins Inc
NYSE:CMI

Watchlist Manager
Cummins Inc Logo
Cummins Inc
NYSE:CMI
Watchlist
Price: 293.26 USD -0.24% Market Closed
Market Cap: 40.4B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

0
Revenue
+0%
3Y
+42%
5Y
+45%
10Y
+77%
0
Operating Income
+0%
3Y
+66%
5Y
+46%
10Y
+83%
0
Net Income
+0%
3Y
+85%
5Y
+75%
10Y
+139%

Earnings Waterfall
Cummins Inc

Revenue
34.1B USD
Cost of Revenue
-25.6B USD
Gross Profit
8.6B USD
Operating Expenses
-4.9B USD
Operating Income
3.7B USD
Other Expenses
269m USD
Net Income
3.9B USD

Income Statement
Cummins Inc

Rotate your device to view
Income Statement
Currency: USD
Millions
Ones
Thousands
Millions
Billions
TTM
Quarterly
Annual
TTM
Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Apr-2016 Jul-2016 Oct-2016 Dec-2016 Apr-2017 Jul-2017 Oct-2017 Dec-2017 Apr-2018 Jul-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Apr-2021 Jul-2021 Oct-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024
Revenue
Revenue
19 221
N/A
19 524
+2%
19 704
+1%
19 434
-1%
19 110
-2%
18 692
-2%
18 205
-3%
17 772
-2%
17 509
-1%
17 807
+2%
18 357
+3%
19 455
+6%
20 428
+5%
21 409
+5%
22 463
+5%
23 121
+3%
23 771
+3%
24 205
+2%
24 294
+0%
24 119
-1%
23 571
-2%
22 578
-4%
20 209
-10%
19 559
-3%
19 811
+1%
20 892
+5%
23 151
+11%
24 001
+4%
24 021
+0%
24 314
+1%
24 789
+2%
26 154
+6%
28 074
+7%
30 142
+7%
32 194
+7%
33 292
+3%
34 065
+2%
34 015
0%
34 173
+0%
34 198
+0%
34 102
0%
Gross Profit
Cost of Revenue
(14 360)
(14 567)
(14 620)
(14 426)
(14 163)
(13 884)
(13 532)
(13 228)
(13 051)
(13 273)
(13 769)
(14 605)
(15 328)
(16 241)
(17 106)
(17 554)
(18 034)
(18 136)
(18 024)
(17 906)
(17 591)
(16 836)
(15 218)
(14 713)
(14 917)
(15 806)
(17 477)
(18 262)
(18 326)
(18 514)
(18 781)
(19 920)
(21 338)
(22 968)
(24 558)
(25 225)
(25 816)
(25 754)
(25 867)
(25 792)
(25 551)
Gross Profit
4 861
N/A
4 957
+2%
5 084
+3%
5 008
-1%
4 947
-1%
4 808
-3%
4 673
-3%
4 544
-3%
4 458
-2%
4 534
+2%
4 588
+1%
4 850
+6%
5 100
+5%
5 168
+1%
5 357
+4%
5 567
+4%
5 737
+3%
6 069
+6%
6 270
+3%
6 213
-1%
5 980
-4%
5 742
-4%
4 991
-13%
4 846
-3%
4 894
+1%
5 086
+4%
5 674
+12%
5 739
+1%
5 695
-1%
5 800
+2%
6 008
+4%
6 234
+4%
6 736
+8%
7 174
+7%
7 636
+6%
8 067
+6%
8 249
+2%
8 261
+0%
8 306
+1%
8 406
+1%
8 551
+2%
Operating Income
Operating Expenses
(2 850)
(2 905)
(2 910)
(2 915)
(2 829)
(2 767)
(2 739)
(2 675)
(2 725)
(2 921)
(2 867)
(3 031)
(3 134)
(3 208)
(3 280)
(3 287)
(3 328)
(3 373)
(3 435)
(3 440)
(3 467)
(3 423)
(3 195)
(3 116)
(3 047)
(3 100)
(3 317)
(3 396)
(3 481)
(3 558)
(3 608)
(3 850)
(4 034)
(4 239)
(4 594)
(4 749)
(4 926)
(5 046)
(5 014)
(4 984)
(4 874)
Selling, General & Administrative
(2 095)
(2 127)
(2 151)
(2 152)
(2 092)
(2 065)
(2 052)
(2 035)
(2 099)
(2 156)
(2 238)
(2 358)
(2 429)
(2 459)
(2 466)
(2 437)
(2 437)
(2 453)
(2 469)
(2 465)
(2 454)
(2 407)
(2 248)
(2 181)
(2 125)
(2 153)
(2 283)
(2 321)
(2 374)
(2 415)
(2 437)
(2 574)
(2 687)
(2 825)
(3 076)
(3 199)
(3 333)
(3 419)
(3 374)
(3 350)
(3 265)
Research & Development
(754)
(759)
(746)
(745)
(735)
(706)
(695)
(655)
(637)
(629)
(649)
(705)
(754)
(653)
(543)
(411)
(293)
(317)
(345)
(329)
(332)
(489)
(585)
(744)
(906)
(928)
(1 015)
(1 057)
(1 090)
(1 128)
(1 151)
(1 233)
(1 278)
(1 330)
(1 415)
(1 443)
(1 500)
(1 519)
(1 514)
(1 497)
(1 461)
Depreciation & Amortization
(16)
(19)
(20)
(21)
(18)
(15)
(12)
(10)
(9)
(8)
(7)
(9)
(12)
(168)
(326)
(475)
(629)
(632)
(636)
(665)
(689)
(533)
(376)
(199)
(22)
(23)
(22)
(23)
(22)
(21)
(25)
(44)
(70)
(97)
(122)
(131)
(133)
(133)
(132)
(130)
(129)
Other Operating Expenses
15
0
7
3
16
19
20
25
20
(128)
27
41
61
72
55
36
31
29
15
19
8
6
14
8
6
4
3
5
5
6
5
1
1
13
19
24
40
25
6
(7)
(19)
Operating Income
2 011
N/A
2 052
+2%
2 174
+6%
2 093
-4%
2 118
+1%
2 041
-4%
1 934
-5%
1 869
-3%
1 733
-7%
1 613
-7%
1 721
+7%
1 819
+6%
1 966
+8%
1 960
0%
2 077
+6%
2 280
+10%
2 409
+6%
2 696
+12%
2 835
+5%
2 773
-2%
2 513
-9%
2 319
-8%
1 796
-23%
1 730
-4%
1 847
+7%
1 986
+8%
2 357
+19%
2 343
-1%
2 214
-6%
2 242
+1%
2 400
+7%
2 384
-1%
2 702
+13%
2 935
+9%
3 042
+4%
3 318
+9%
3 323
+0%
3 215
-3%
3 292
+2%
3 422
+4%
3 677
+7%
Pre-Tax Income
Interest Income Expense
414
391
348
328
278
276
266
240
280
371
385
397
293
287
281
267
284
266
267
297
306
345
366
354
386
416
434
435
428
333
276
234
153
180
169
169
188
177
138
124
96
Non-Reccuring Items
(16)
0
0
0
(376)
(381)
(424)
(528)
(154)
0
(99)
20
11
0
7
(10)
(17)
(12)
(11)
(31)
(143)
(151)
(159)
(152)
(30)
(30)
(24)
(10)
(14)
(147)
(101)
(101)
(91)
44
(1)
(1)
(2 045)
(711)
(710)
(721)
994
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18
18
18
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
24
27
10
3
5
6
37
53
71
29
30
41
95
93
91
102
77
125
140
142
158
131
132
134
135
94
98
86
105
118
47
38
55
111
154
148
160
137
126
186
136
Pre-Tax Income
2 433
N/A
2 470
+2%
2 532
+3%
2 424
-4%
2 025
-16%
1 942
-4%
1 813
-7%
1 634
-10%
1 930
+18%
2 013
+4%
2 037
+1%
2 277
+12%
2 365
+4%
2 340
-1%
2 456
+5%
2 639
+7%
2 753
+4%
3 075
+12%
3 231
+5%
3 181
-2%
2 834
-11%
2 644
-7%
2 135
-19%
2 066
-3%
2 338
+13%
2 466
+5%
2 883
+17%
2 872
0%
2 751
-4%
2 546
-7%
2 622
+3%
2 555
-3%
2 819
+10%
3 270
+16%
3 364
+3%
3 634
+8%
1 626
-55%
2 818
+73%
2 846
+1%
3 011
+6%
4 903
+63%
Net Income
Tax Provision
(698)
(689)
(727)
(666)
(555)
(543)
(483)
(396)
(474)
(485)
(495)
(578)
(590)
(571)
(568)
(544)
(554)
(643)
(674)
(672)
(566)
(517)
(424)
(467)
(527)
(572)
(646)
(598)
(587)
(570)
(551)
(616)
(636)
(704)
(768)
(757)
(786)
(756)
(769)
(781)
(835)
Income from Continuing Operations
1 735
1 781
1 805
1 758
1 470
1 399
1 330
1 238
1 456
1 528
1 542
1 699
1 775
1 769
1 888
2 095
2 199
2 432
2 557
2 509
2 268
2 127
1 711
1 599
1 811
1 894
2 237
2 274
2 164
1 976
2 071
1 939
2 183
2 566
2 596
2 877
840
2 062
2 077
2 230
4 068
Income to Minority Interest
(85)
(82)
(81)
(77)
(71)
(66)
(62)
(61)
(62)
(59)
(55)
(48)
5
14
22
20
(46)
(52)
(53)
(41)
(8)
(19)
(2)
(11)
(22)
(13)
(32)
(36)
(33)
(30)
(23)
(25)
(32)
(43)
(55)
(80)
(105)
(124)
(133)
(133)
(122)
Net Income (Common)
1 650
N/A
1 699
+3%
1 724
+1%
1 681
-2%
1 399
-17%
1 333
-5%
1 268
-5%
1 177
-7%
1 394
+18%
1 469
+5%
1 487
+1%
1 651
+11%
999
-39%
928
-7%
1 049
+13%
1 288
+23%
2 141
+66%
2 479
+16%
2 609
+5%
2 539
-3%
2 260
-11%
2 108
-7%
1 709
-19%
1 588
-7%
1 789
+13%
1 881
+5%
2 205
+17%
2 238
+1%
2 131
-5%
1 946
-9%
2 048
+5%
1 914
-7%
2 151
+12%
2 523
+17%
2 541
+1%
2 797
+10%
735
-74%
1 938
+164%
1 944
+0%
2 097
+8%
3 946
+88%
EPS (Diluted)
9.07
N/A
9.38
+3%
9.59
+2%
9.47
-1%
7.84
-17%
7.75
-1%
7.5
-3%
6.99
-7%
8.23
+18%
8.73
+6%
8.86
+1%
9.88
+12%
5.97
-40%
5.6
-6%
6.38
+14%
7.96
+25%
13.15
+65%
15.71
+19%
16.51
+5%
16.21
-2%
14.48
-11%
14.08
-3%
11.54
-18%
10.66
-8%
12.01
+13%
12.68
+6%
15.05
+19%
15.46
+3%
14.61
-5%
13.59
-7%
14.42
+6%
13.47
-7%
15.12
+12%
17.71
+17%
17.85
+1%
19.58
+10%
5.15
-74%
13.63
+165%
14.09
+3%
15.18
+8%
28.37
+87%

See Also

Summary
CMI intrinsic value, competitors valuation, and company profile.
DCF Valuation
CMI stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CMI stock valuation using valuation multiples.
Wall Street Estimates
CMI price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CMI stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 250,400+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.