Cummins Inc (CMI) Financial Statements
Industry: Engines & Turbines
In fiscal 2025, Cummins reported revenue of $33.67B, down 1.3% from $34.10B the year before. Net income was $2.84B (a 8.4% net margin), or $20.50 per diluted share. Gross margin was 25.3% and operating margin was 12.0%. Operating activities generated $3.62B of cash, leaving $2.39B of free cash flow. At fiscal year end, Cummins held $33.99B in total assets against $20.58B in total liabilities.
Open the full interactive Cummins financials → Quarterly statements, key ratios, valuation history and price charts.
Cummins Key Stats
| Share Price | $529.35 |
|---|---|
| Market Cap | $73.31B |
| P/E Ratio | 25.8 |
| Dividend Yield | 1.51% |
| Revenue YoY Growth | -1.3% |
| 52-Week Range | $402.10 – $724.89 |
| Shares Outstanding | 137.9 million (basic, 2026 Q2) |
Cummins Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $19.81B | $24.02B | $28.07B | $34.06B | $34.10B | $33.67B |
| Gross Profit | $4.89B | $5.70B | $6.72B | $8.25B | $8.44B | $8.52B |
| Operating Income | $2.27B | $2.71B | $2.93B | $1.76B | $3.75B | $4.03B |
| Pre-Tax Income | $2.34B | $2.75B | $2.82B | $1.63B | $4.90B | $3.96B |
| Income Tax | $527.0M | $587.0M | $636.0M | $786.0M | $835.0M | $1.01B |
| Net Income | $1.79B | $2.13B | $2.15B | $735.0M | $3.95B | $2.84B |
| Diluted EPS | $12.01 | $14.61 | $15.12 | $5.15 | $28.37 | $20.50 |
Cummins Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $8.32B | $8.54B | $8.40B | $9.46B |
| Net Income | $536.0M | $593.0M | $654.0M | $932.0M |
| Diluted EPS | $3.86 | $4.28 | $4.71 | $6.73 |
Cummins Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.40B | $2.59B | $2.10B | — | — | — |
| Current Assets | $11.90B | $12.31B | $14.45B | $15.20B | $14.75B | $16.93B |
| Total Assets | $22.62B | $23.71B | $30.30B | $32.01B | $31.54B | $33.99B |
| Current Liabilities | $6.33B | $7.08B | $11.42B | $12.90B | $11.23B | $9.61B |
| Total Long-Term Debt | $3.67B | $3.64B | $5.07B | $4.92B | $5.44B | $6.89B |
| Total Liabilities | $13.63B | $14.31B | $20.07B | $22.10B | $20.23B | $20.58B |
| Shareholders' Equity | $8.06B | $8.47B | $8.97B | $8.85B | $10.27B | $12.35B |
Cummins Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.72B | $2.26B | $1.96B | $3.97B | $1.49B | $3.62B |
| Cash From Investing | -$719.0M | -$873.0M | -$4.17B | -$1.64B | -$1.78B | -$1.73B |
| Cash From Financing | $280.0M | -$2.23B | $1.67B | -$2.18B | -$173.0M | -$772.0M |
| Free Cash Flow | $2.19B | $1.52B | $1.05B | $2.75B | $279.0M | $2.39B |
| Dividends Paid | $782.0M | $809.0M | $855.0M | $921.0M | $969.0M | $1.05B |
Figures from Cummins' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cummins financials page for every line item.
Cummins Company Profile
| Ticker | CMI |
|---|---|
| Exchange | NYSE |
| Industry | Engines & Turbines |
| Headquarters | Columbus, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000026172 |
Frequently Asked Questions
What was Cummins' revenue in fiscal 2025?
Cummins (CMI) reported revenue of $33.67B for fiscal 2025.
What is Cummins' annual revenue history?
Cummins' annual revenue by fiscal year: 2020: $19.81B; 2021: $24.02B; 2022: $28.07B; 2023: $34.06B; 2024: $34.10B; 2025: $33.67B.
What was Cummins' net income in fiscal 2025?
Cummins reported net income of $2.84B for fiscal 2025.
What was Cummins' earnings per share (EPS) in fiscal 2025?
Cummins' diluted EPS was $20.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cummins generate in fiscal 2025?
Cummins generated $2.39B of free cash flow in fiscal 2025.
What was Cummins' revenue last quarter?
In its most recent reported quarter (2026 Q2), Cummins reported revenue of $9.46B.
How much debt does Cummins have?
Cummins reported $6.89B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cummins are outstanding?
Cummins reported a weighted average of 137.9 million basic shares outstanding in 2026 Q2.
What is Cummins' market cap?
Based on its latest closing price, Cummins (CMI) has a market capitalization of about $73.31B.
When does Cummins' fiscal year end?
Cummins' fiscal year end, as registered with the SEC, is December 31.
Where is Cummins headquartered?
Cummins lists its business address in Columbus, Indiana in its SEC filings.