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	25,154	25,663	25,816	21,355	18,326
Gross Profit	8,516	8,439	8,249	6,719	5,695
Selling, General & Admin	3,125	3,275	3,333	2,687	2,374
Research & Development	1,396	1,463	1,500	1,278	1,090
Other Operating Expenses	-30	-49	1,655	-175	-475
Total Operating Expenses	4,491	4,689	6,488	3,790	2,989
Operating Income	4,025	3,750	1,761	2,929	2,706
Interest Expense	-329	-370	-375	-199	-111
Other Non-Operating Income (Expense)	736	1,918	723	438	662
Total Non-Operating Income (Expense)	407	1,548	348	239	551
Pretax Income	3,963	4,903	1,626	2,819	2,751
Provision for Income Taxes	1,006	835	786	636	587
Net Income	2,843	3,946	735	2,151	2,131
Minority Interest in Earnings	114	122	105	32	33
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%
Shares Outstanding	138.1	137.4	141.8	141.3	142.5
Free Cash Flow	2,386	279	2,753	1,046	1,522
Free Cash Flow Growth	755.20%	-89.87%	163.19%	-31.27%	-30.63%
Free Cash Flow Per Share	17.20	2.01	19.29	7.35	10.43
Dividends 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	25.29%	24.75%	24.22%	23.93%	23.71%
Operating Margin	11.95%	11.00%	5.17%	10.43%	11.27%
Profit Margin	8.78%	11.93%	2.47%	7.78%	9.01%
FCF Margin	7.09%	0.82%	8.08%	3.73%	6.34%
EBITDA	5,130	4,815	2,785	3,713	3,368
EBITDA Margin	15.24%	14.12%	8.18%	13.23%	14.02%
EBIT	4,025	3,750	1,761	2,929	2,706
EBIT Margin	11.95%	11.00%	5.17%	10.43%	11.27%
Effective Tax Rate	25.38%	17.03%	48.34%	22.56%	21.34%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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