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Cummins Inc (CMI) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Construction Machinery & Heavy Transportation Equipment · DATA UPDATED 2026-07-13

Cummins Inc (CMI) operates in the Construction Machinery & Heavy Transportation Equipment industry and is headquartered in Columbus, United States with about 67,400 employees. Its market capitalization is roughly $92 billion. In the fiscal year ended 2025-12-31, CMI reported $33.7B in revenue and $2.8B in net income.

Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera.

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CMI Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$33.9B	$33.7B	$34.1B	$34.1B	$28.1B	$24.0B	$19.8B	$23.6B	$23.8B	$20.4B	$17.5B	$19.1B	$19.2B	$17.3B	$17.3B	$18.0B	$13.2B	$10.8B	$14.3B	$13.0B	$11.4B
Gross Profit	$8.6B	$8.5B	$8.4B	$8.2B	$6.7B	$5.7B	$4.9B	$6.0B	$5.7B	$5.1B	$4.5B	$4.9B	$4.9B	$4.3B	$4.4B	$4.6B	$3.2B	$2.2B	$2.9B	$2.6B	$2.6B
Gross Margin %	25.4%	25.3%	24.8%	24.2%	23.9%	23.7%	24.7%	25.4%	24.1%	25.0%	25.5%	25.9%	25.3%	24.7%	25.5%	25.4%	23.9%	20.1%	20.5%	19.6%	22.8%
Operating Income (EBIT)	$3.8B	$3.9B	$3.8B	$1.8B	$2.9B	$2.7B	$2.3B	$2.7B	$2.8B	$2.3B	$1.9B	$2.1B	$2.4B	$2.1B	$2.3B	$2.7B	$1.6B	$682M	$1.3B	$1.2B	$1.1B
Operating Margin %	11.2%	11.5%	11.0%	5.2%	10.4%	11.3%	11.5%	11.5%	11.7%	11.4%	10.7%	10.8%	12.3%	12.1%	13.0%	14.8%	12.1%	6.3%	8.9%	8.9%	10.0%
Net Income	$2.7B	$2.8B	$3.9B	$735M	$2.2B	$2.1B	$1.8B	$2.3B	$2.1B	$999M	$1.4B	$1.4B	$1.7B	$1.5B	$1.6B	$1.8B	$1.0B	$428M	$755M	$739M	$715M
Net Margin %	7.9%	8.4%	11.6%	2.2%	7.7%	8.9%	9.0%	9.6%	9.0%	4.9%	8.0%	7.3%	8.6%	8.6%	9.5%	10.2%	7.9%	4.0%	5.3%	5.7%	6.3%
EBITDA	$5.1B	$5.4B	$6.3B	$1.8B	$3.8B	$3.5B	$3.1B	$3.6B	$3.5B	$3.0B	$2.5B	$2.6B	$3.0B	$2.6B	$2.7B	$3.0B	$2.0B	$1.0B	$1.5B	$1.4B	$1.4B
Earnings Per Share (EPS)	$19.28	$20.50	$28.37	$5.15	$15.12	$14.61	$12.01	$14.48	$13.15	$5.97	$8.23	$7.84	$9.02	$7.91	$8.67	$9.55	$5.28	$2.16	$3.84	$3.70	$3.55
Shares Outstanding (M)	139M	139M	139M	143M	142M	146M	149M	156M	163M	167M	169M	178M	183M	187M	190M	194M	197M	198M	197M	200M	201M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CMI Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$8.4B	$8.5B	$8.3B	$8.6B	$8.2B	$8.4B	$8.5B	$8.8B
Gross Profit	$2.2B	$2.0B	$2.1B	$2.3B	$2.2B	$2.0B	$2.2B	$2.2B
Gross Margin %	26.7%	22.9%	25.6%	26.4%	26.4%	24.1%	25.7%	24.9%
Operating Income (EBIT)	$949M	$640M	$995M	$1.2B	$1.1B	$732M	$1.1B	$1.0B
Operating Margin %	11.3%	7.5%	12.0%	14.2%	13.9%	8.7%	12.4%	11.9%
Net Income	$654M	$593M	$536M	$890M	$824M	$418M	$809M	$726M
Net Margin %	7.8%	7.0%	6.4%	10.3%	10.1%	5.0%	9.6%	8.2%
EBITDA	$1.2B	$1.1B	$1.2B	$1.6B	$1.5B	$1.0B	$1.4B	$1.3B
Earnings Per Share (EPS)	$4.71	$4.27	$3.87	$6.43	$5.96	$3.02	$5.86	$5.26
Shares Outstanding (M)	139M	139M	139M	138M	138M	138M	138M	138M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CMI Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$3.9B	$3.6B	$1.5B	$4.0B	$2.0B	$2.3B	$2.7B	$3.2B	$2.4B	$2.3B	$1.9B	$2.1B	$2.3B	$2.1B	$1.5B	$2.1B	$1.0B	$1.1B	$987M	$810M	$840M
Capital Expenditures (CapEx)	$1.3B	$1.2B	$1.2B	$1.2B	$916M	$786M	$575M	$775M	$784M	$587M	$594M	$799M	$798M	$740M	$777M	$682M	$407M	$345M	$625M	$420M	$301M
Free Cash Flow (FCF)	$2.7B	$2.4B	$279M	$2.8B	$1.0B	$1.5B	$2.1B	$2.4B	$1.6B	$1.7B	$1.3B	$1.3B	$1.5B	$1.3B	$755M	$1.4B	$599M	$792M	$362M	$390M	$539M
FCF Margin %	7.9%	7.1%	0.8%	8.1%	3.7%	6.1%	10.8%	10.2%	6.7%	8.3%	7.7%	6.6%	7.6%	7.8%	4.4%	7.7%	4.5%	7.3%	2.5%	3.0%	4.7%
Dividends Paid	$1.1B	$1.1B	$969M	$921M	$855M	$809M	$782M	$761M	$718M	$701M	$676M	$622M	$512M	$420M	$340M	$255M	$200M	$141M	$146M	$89M	$66M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CMI Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$309M	$1.5B	$1.3B	$785M	($3M)	$1.4B	$640M	($851M)
Capital Expenditures (CapEx)	$189M	$544M	$298M	$231M	$162M	$540M	$259M	$240M
Free Cash Flow (FCF)	$120M	$990M	$1.0B	$554M	($165M)	$882M	$381M	($1.1B)
FCF Margin %	1.4%	11.6%	12.1%	6.4%	-2.0%	10.4%	4.5%	-12.4%
Dividends Paid	$276M	$277M	$276M	$251M	$251M	$250M	$250M	$230M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CMI Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$34.4B	$34.0B	$31.5B	$32.0B	$30.3B	$23.7B	$22.6B	$19.7B	$19.1B	$18.1B	$15.0B	$15.1B	$15.8B	$14.7B	$12.5B	$11.7B	$10.4B	$8.8B	$8.5B	$8.2B	$7.5B
Cash & Cash Equivalents	$2.6B	$2.8B	$1.7B	$2.2B	$2.1B	$2.6B	$3.4B	$1.1B	$1.3B	$1.4B	$1.1B	$1.7B	$2.3B	$2.7B	$1.4B	$1.5B	$1.0B	$930M	$426M	$577M	$840M
Total Liabilities	$21.1B	$20.6B	$20.2B	$22.1B	$20.1B	$14.3B	$13.6B	$11.3B	$10.8B	$9.9B	$7.8B	$7.4B	$7.7B	$6.9B	$5.6B	$5.8B	$5.4B	$4.8B	$5.0B	$4.5B	$4.4B
Total Debt (Short + Long-Term)	$7.8B	$7.7B	$7.2B	$6.8B	$8.0B	$4.3B	$4.3B	$2.5B	$2.5B	$2.0B	$1.9B	$1.6B	$1.7B	$1.7B	$775M	$686M	$791M	$674M	$698M	$674M	$811M
Total Shareholders' Equity	$12.4B	$12.3B	$10.3B	$8.8B	$9.0B	$8.5B	$8.1B	$7.5B	$7.3B	$7.3B	$6.9B	$7.4B	$7.7B	$7.5B	$6.6B	$5.5B	$4.7B	$4.0B	$3.2B	$3.4B	$2.8B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CMI viewer.

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