Cummins Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	33,670	34,102	34,065	28,074	24,021
Revenue Growth (YoY)	-1.27%	0.11%	21.34%	16.87%	21.25%
Cost of Revenue	24,997	25,551	25,816	21,338	18,326
Gross Profit	8,673	8,551	8,249	6,736	5,695
Selling, General & Admin	3,057	3,153	3,333	2,657	2,374
Research & Development	1,389	1,461	1,500	1,278	1,090
Other Operating Expenses	130	158	2,138	111	31
Operating Expenses	4,576	4,772	6,971	4,046	3,495
Operating Income	4,097	3,779	1,278	2,690	2,200
Interest Expense	-329	-370	-375	-199	-111
Interest & Investment Income	106	87	-	49	-
Earnings From Equity Investments	469	395	483	349	506
Currency Exchange Gain (Loss)	5	-41	-	-	-
Other Non Operating Income (Expenses)	68	24	240	40	156
EBT Excluding Unusual Items	4,416	3,874	1,626	2,929	2,751
Merger & Restructuring Charges	-458	-295	-	-30	-
Gain (Loss) on Sale of Investments	22	8	-	-	-
Gain (Loss) on Sale of Assets	-	1,333	-	-	-
Asset Writedown	-17	-17	-	-17	-
Other Unusual Items	-	-	-	-63	-
Pretax Income	3,963	4,903	1,626	2,819	2,751
Income Tax Expense	1,006	835	786	636	587
Earnings From Continuing Operations	2,957	4,068	840	2,183	2,164
Minority Interest in Earnings	-114	-122	-105	-32	-33
Net Income	2,843	3,946	735	2,151	2,131
Net Income to Common	2,843	3,946	735	2,151	2,131
Net Income Growth	-27.95%	436.87%	-65.83%	0.94%	19.12%
Shares Outstanding (Basic)	138	138	142	142	145
Shares Outstanding (Diluted)	139	139	143	142	146
Shares Change (YoY)	-0.29%	-2.52%	0.28%	-2.47%	-2.08%
EPS (Basic)	20.62	28.55	5.19	15.20	14.74
EPS (Diluted)	20.50	28.37	5.15	15.12	14.61
EPS Growth	-27.74%	450.87%	-65.94%	3.49%	21.65%
Free Cash Flow	2,386	279	2,753	1,046	1,522
Free Cash Flow Per Share	17.20	2.01	19.29	7.35	10.43
Dividend Per Share	7.640	7.000	6.500	6.040	5.600
Dividend Growth	9.14%	7.69%	7.62%	7.86%	6.00%
Gross Margin	25.76%	25.07%	24.21%	23.99%	23.71%
Operating Margin	12.17%	11.08%	3.75%	9.58%	9.16%
Profit Margin	8.44%	11.57%	2.16%	7.66%	8.87%
Free Cash Flow Margin	7.09%	0.82%	8.08%	3.73%	6.34%
EBITDA	5,190	4,832	2,294	3,471	2,859
EBITDA Margin	15.41%	14.17%	6.73%	12.36%	11.90%
D&A For EBITDA	1,093	1,053	1,016	781	659
EBIT	4,097	3,779	1,278	2,690	2,200
EBIT Margin	12.17%	11.08%	3.75%	9.58%	9.16%
Effective Tax Rate	25.39%	17.03%	48.34%	22.56%	21.34%

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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