Cummins Inc. (CMI)

NYSE: CMI · Engines & Turbines · Columbus, IN · filing with the SEC since 1994

Grade5.7

◀ Past 6.4● Present 6.1▶ Future 4.5

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 10, 2026	Feb 11, 2025	Feb 12, 2024	Feb 14, 2023	Feb 8, 2022	Feb 10, 2021	Feb 11, 2020	Feb 11, 2019	Feb 14, 2018	Feb 13, 2017
Revenue	33,670	34,102	34,065	28,074	24,021	19,811	23,571	23,771	20,428	17,509
Cost of revenue	25,154	25,663	25,816	21,355	18,326	14,917	17,591	18,034	15,328^r	13,051^r
Gross profit	8,516	8,439	8,249	6,719	5,695	4,894	5,980	5,737	5,100^r	4,458^r
Research and development	1,396	1,463	1,500	1,278	1,090	906	1,001	902	754^r	637^r
Selling, general and administrative	3,125	3,275	3,333	2,687	2,374	2,125	2,454	2,437	2,429^r	2,099^r
Operating income	4,025	3,750	1,761	2,929	2,706	2,269	2,700	2,786	2,334^r	1,880^r
Interest expense	329	370	375	199	111	100	109	114	81	69
Interest and investment income	·	·	·	·	·	21	46	35	18	23
Share of profit of equity-method investments	469	395	483	349	506	452	330	394	357	301^r
Other income (expense), net	267	1,523	240	89	156	169	243^r	81^r	94^r	96^r
Income before income taxes	3,963	4,903	1,626	2,819	2,751	2,338	2,834	2,753	2,365	1,930
Income tax expense	1,006	835	786	636	587	527	566	566	1,371	474
Net income including non-controlling interests	2,957	4,068	840	2,183	2,164	1,811	2,268	2,187	994	1,456
Net income to non-controlling interests	114	122	105	32	33	22	8	46	-5	62
Net income to common shareholders	2,843	3,946	735	2,151	2,131	1,789	2,260	2,141	999	1,394
Earnings per share, basic	20.62	28.55	5.19	15.20	14.74	12.07	14.54	13.20	5.99	8.25
Earnings per share, diluted	20.50	28.37	5.15	15.12	14.61	12.01	14.48	13.15	5.97	8.23
Weighted average shares, basic	137,900,000	138,200,000	141,700,000	141,500,000	144,600,000	148,200,000	155,400,000	162,200,000^r	166,700,000^r	169,038,410
Weighted average shares, diluted	138,700,000	139,100,000	142,700,000	142,300,000	145,900,000	149,000,000	156,100,000	162,800,000^r	167,300,000^r	169,336,616

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton CMI · research, not advice