Cummins Inc. (CMI) Financial Statements

Cummins Inc.

CMI · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$33.67B	$34.10B	$34.06B	$28.07B	$24.02B	$19.81B	$23.57B	$23.77B
Cost of Revenue	$25.15B	$25.66B	$25.82B	$21.36B	$18.33B	$14.92B	$17.59B	$18.03B
Gross Profit	$8.52B	$8.44B	$8.25B	$6.72B	$5.70B	$4.89B	$5.98B	$5.74B
Research & Development	$1.40B	$1.46B	$1.50B	$1.28B	$1.09B	$906.00M	$1.00B	$902.00M
Selling, General & Administrative	$3.13B	$3.27B	$3.33B	$2.69B	$2.37B	$2.13B	$2.45B	$2.44B
Operating Income	$4.03B	$3.75B	$1.76B	$2.93B	$2.71B	$2.27B	$2.70B	$2.79B
Interest Expense	$329.00M	$370.00M	$375.00M	$199.00M	$111.00M	$100.00M	$109.00M	$114.00M
Other Income / (Expense)	$267.00M	$1.52B	$240.00M	$89.00M	$156.00M	$169.00M	$243.00M	$81.00M
Income Before Taxes	$3.96B	$4.90B	$1.63B	$2.82B	$2.75B	$2.34B	$2.83B	$2.75B
Provision for Income Taxes	$1.01B	$835.00M	$786.00M	$636.00M	$587.00M	$527.00M	$566.00M	$566.00M
Net Income	$2.96B	$4.07B	$840.00M	$2.18B	$2.16B	$1.81B	$2.27B	$2.19B
Basic EPS	$20.62	$28.55	$5.19	$15.20	$14.74	$12.07	$14.54	$13.20
Diluted EPS	$20.50	$28.37	$5.15	$15.12	$14.61	$12.01	$14.48	$13.15
Basic Shares Outstanding	137.90M	138.20M	141.70M	141.50M	144.60M	148.20M	155.40M	162.20M
Diluted Shares Outstanding	138.70M	139.10M	142.70M	142.30M	145.90M	149.00M	156.10M	162.80M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$29.39	$28.51	$30.44	8	↑3 ↓0
Dec 2027	$34.04	$32.56	$37.26	9	↑2 ↓2
Dec 2028	$41.06	$40.40	$41.68	3	↑2 ↓0
Dec 2029	$45.83	$45.83	$45.83	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: CMI
Type: Stock
Sector: Industrials
Industry: Industrial Machinery/Components
Country: North America
Exchange: NYSE

Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments-Engine, Components, Distribution, Power Systems and Accelera by Cummins-offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers' needs, supporting them through the energy transition with our Destination Zero strategy.

Key Issues

Bullish view

Cummins exceeded revenue estimates by 1.38%, indicating demand held up in the June quarter. That top-line resilience could support future earnings if profitability stabilizes.

Bearish view

The company missed earnings estimates by 5.32%, showing that revenue growth did not translate fully into expected profit. The earnings shortfall explains why the stock reversed after the release.

Analyst Consensus

See all

Buy

16 analysts

$653

Current

$626

Low

$758

Average

$626

High

Average target implies +16.05% versus the current price.

Earnings History

BeatMissNo estimate

Cummins Inc.

Analyst Estimates

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