CMI
Cummins Inc
NYSE: CMI · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$638.95
-0.54% today
Updated 2026-04-29
Market cap
$88.34B
P/E ratio
31.15
P/S ratio
2.62x
EPS (TTM)
$20.51
Dividend yield
1.19%
52W range
$285 – $675
Volume
0.8M
Cummins Inc (CMI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.36B | $13.05B | $14.34B | $10.80B | $13.23B | $18.05B | $17.33B | $17.30B | $19.22B | $19.11B | $17.51B | $20.43B | $23.77B | $23.57B | $19.81B | $24.02B | $28.07B | $34.06B | $34.10B | $33.67B |
| Revenue growth (YoY) | — | +14.8% | +9.9% | -24.7% | +22.5% | +36.5% | -4.0% | -0.2% | +11.1% | -0.6% | -8.4% | +16.7% | +16.4% | -0.8% | -16.0% | +21.3% | +16.9% | +21.3% | +0.1% | -1.3% |
| Cost of revenue | $8.77B | $10.49B | $11.40B | $8.63B | $10.06B | $13.46B | $12.92B | $13.02B | $14.36B | $14.16B | $13.05B | $15.33B | $18.03B | $17.59B | $14.92B | $18.33B | $21.36B | $25.82B | $25.66B | $25.15B |
| Gross profit | $2.60B | $2.56B | $2.94B | $2.17B | $3.17B | $4.59B | $4.42B | $4.28B | $4.86B | $4.95B | $4.46B | $5.10B | $5.74B | $5.98B | $4.89B | $5.70B | $6.72B | $8.25B | $8.44B | $8.52B |
| Gross margin | 22.8% | 19.6% | 20.5% | 20.1% | 24.0% | 25.4% | 25.5% | 24.7% | 25.3% | 25.9% | 25.5% | 25.0% | 24.1% | 25.4% | 24.7% | 23.7% | 23.9% | 24.2% | 24.7% | 25.3% |
| R&D | $321.00M | $329.00M | $422.00M | $362.00M | $414.00M | $629.00M | $728.00M | $713.00M | $754.00M | $735.00M | $636.00M | $752.00M | $902.00M | $1.00B | $906.00M | $1.09B | $1.28B | $1.50B | $1.46B | $1.40B |
| SG&A | $1.28B | $1.30B | $1.45B | $1.24B | $1.49B | $1.84B | $1.90B | $1.92B | $2.10B | $2.09B | $2.05B | $2.39B | $2.44B | $2.45B | $2.13B | $2.37B | $2.69B | $3.20B | $3.27B | $3.13B |
| Operating income | $1.13B | $1.16B | $1.27B | $682.00M | $1.60B | $2.68B | $2.25B | $2.10B | $2.37B | $2.06B | $1.88B | $2.33B | $2.79B | $2.70B | $2.27B | $2.71B | $2.93B | $1.76B | $3.75B | $4.00B |
| Operating margin | 10.0% | 8.9% | 8.9% | 6.3% | 12.1% | 14.9% | 13.0% | 12.1% | 12.3% | 10.8% | 10.7% | 11.4% | 11.7% | 11.5% | 11.5% | 11.3% | 10.4% | 5.2% | 11.0% | 11.9% |
| EBITDA | $1.43B | $1.45B | $1.53B | $1.00B | $1.98B | $3.04B | $2.66B | $2.57B | $2.95B | $2.60B | $2.53B | $3.03B | $3.48B | $3.62B | $3.11B | $3.52B | $3.80B | $1.76B | $6.34B | $5.38B |
| EBITDA margin | 12.6% | 11.1% | 10.7% | 9.3% | 14.9% | 16.8% | 15.4% | 14.8% | 15.4% | 13.6% | 14.4% | 14.8% | 14.6% | 15.3% | 15.7% | 14.7% | 13.5% | 5.2% | 18.6% | 16.0% |
| EBIT | $1.13B | $1.16B | $1.22B | $675.00M | $1.66B | $2.71B | $2.30B | $2.16B | $2.50B | $2.09B | $2.00B | $2.45B | $2.87B | $2.94B | $2.44B | $2.86B | $3.02B | $1.76B | $5.27B | $4.29B |
| Interest expense | $96.00M | $58.00M | $42.00M | $35.00M | $40.00M | $44.00M | $32.00M | $41.00M | $64.00M | $65.00M | $69.00M | $81.00M | $114.00M | $109.00M | $100.00M | $111.00M | $199.00M | $375.00M | $370.00M | $329.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $715.00M | $739.00M | $755.00M | $428.00M | $1.04B | $1.85B | $1.65B | $1.48B | $1.65B | $1.40B | $1.39B | $999.00M | $2.14B | $2.26B | $1.79B | $2.13B | $2.15B | $735.00M | $3.95B | $2.84B |
| Net income growth (YoY) | — | +3.4% | +2.2% | -43.3% | +143.0% | +77.7% | -11.0% | -9.8% | +11.3% | -15.3% | -0.4% | -28.3% | +114.3% | +5.6% | -20.8% | +19.1% | +0.9% | -65.8% | +436.9% | -28.0% |
| Profit margin | 6.3% | 5.7% | 5.3% | 4.0% | 7.9% | 10.2% | 9.5% | 8.6% | 8.6% | 7.3% | 8.0% | 4.9% | 9.0% | 9.6% | 9.0% | 8.9% | 7.7% | 2.2% | 11.6% | 8.4% |