Cummins (CMI) financials
Cummins revenue and earnings by year
Cummins's revenue was $33.7 billion in the fiscal year to December 31, 2025, down 1.3% from the year before. Net income was $2.84 billion, 8.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33.7 | 34.1 | 34.1 | 28.1 | 24.0 | 19.8 | 23.6 | 23.8 | 20.4 | 17.5 |
| Revenue growth | -1.3% | 0.1% | 21.3% | 16.9% | 21.3% | -16.0% | -0.8% | 16.4% | 16.7% | — |
| Gross profit | 8.5 | 8.4 | 8.2 | 6.7 | 5.7 | 4.9 | 6.0 | 5.7 | 5.1 | 4.5 |
| Gross margin | 25.3% | 24.7% | 24.2% | 23.9% | 23.7% | 24.7% | 25.4% | 24.1% | 25.0% | 25.5% |
| Operating income | 3.6 | 3.4 | 1.3 | 2.6 | 2.4 | 2.4 | 2.6 | 2.5 | 2.1 | 1.7 |
| Operating margin | 10.6% | 9.8% | 3.8% | 9.2% | 9.8% | 12.3% | 11.1% | 10.4% | 10.1% | 9.6% |
| Net income | 2.8 | 3.9 | 0.7 | 2.2 | 2.1 | 1.8 | 2.3 | 2.1 | 1.0 | 1.4 |
| Net margin | 8.4% | 11.6% | 2.2% | 7.7% | 8.9% | 9.0% | 9.6% | 9.0% | 4.9% | 8.0% |
| Diluted EPS | $20.50 | $28.37 | $5.15 | $15.12 | $14.61 | $11.99 | $14.41 | $13.19 | $5.95 | $8.24 |
| Free cash flow | 2.4 | 0.3 | 2.8 | 1.0 | 1.5 | 2.2 | 2.4 | 1.6 | 1.8 | 1.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CMI in Markets.
How Cummins makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Distribution | $3.32B | 35.1% |
| Components | $2.43B | 25.7% |
| Engine | $2.35B | 24.8% |
| Power Systems | $1.22B | 12.9% |
| Accelera | $140M | 1.5% |
See also: CMI valuation and P/E history · CMI returns
No forecast, no recommendation. This page describes Cummins from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.