Cummins Inc. (CMI) 10-Year Financial Performance & Capital Metrics

CMI • • Industrial / General

IndustrialsIndustrial MachineryPower Generation & Energy EquipmentPower Generation Systems

AboutCummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.Show more

Revenue $34.1B +0.1%
EBITDA $4.82B +72.9%
Net Income $3.95B +436.9%
EPS (Diluted) 28.37 +450.9%
Gross Margin 24.75% +2.2%
EBITDA Margin 14.12% +72.7%
Operating Margin 11% +112.7%
Net Margin 11.57% +436.3%
ROE 37.21% +409.5%
ROIC 17.49% +107.9%
Debt/Equity 0.67 -7.7%
Interest Coverage 10.14 +115.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.1%
✓Strong Piotroski F-Score: 7/9
✓20 consecutive years of dividend growth
✓Momentum leader: RS Rating 87 (top 13%)
✓Share count reduced 2.5% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.9%

5Y7.67%

3Y12.39%

TTM-1.8%

Profit (Net Income) CAGR

10Y9.1%

5Y11.79%

3Y22.8%

TTM27.23%

EPS CAGR

10Y12.14%

5Y14.4%

3Y24.76%

TTM27.74%

ROCE

10Y Avg17.45%

5Y Avg15.3%

3Y Avg14.93%

Latest19.03%

Peer Comparison

Power Generation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BWENBroadwind, Inc.	80.04M	3.45	65.84	-29.65%	3.37%	7.76%	12.73%	0.60
RRXRegal Rexnord Corporation	10.5B	158.16	53.80	-3.47%	4.38%	3.8%	4.76%	0.89
ETNEaton Corporation plc	129.52B	333.46	35.10	7.25%	14.74%	20.75%	2.72%	0.53
GNRCGenerac Holdings Inc.	9.47B	161.43	29.95	6.79%	7.19%	11.83%	6.38%	0.59
THRThermon Group Holdings, Inc.	1.36B	41.35	26.34	0.72%	11.6%	11.46%	3.89%	0.31
PSIXPower Solutions International, Inc.	1.74B	75.47	25.07	3.7%	17.94%	74.6%	3.33%	2.24
CMICummins Inc.	79.35B	574.84	20.26	0.11%	7.95%	20.37%	0.35%	0.67
CYDChina Yuchai International Limited	1.62B	43.11	5.25	6.02%	1.69%	2.63%	14.48%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	19.11B	17.51B	20.43B	23.77B	23.57B	19.81B	24.02B	28.07B	34.06B	34.1B
Revenue Growth %	-0.01%	-0.08%	0.17%	0.16%	-0.01%	-0.16%	0.21%	0.17%	0.21%	0%
Cost of Goods Sold+	14.16B	13.05B	15.33B	18.03B	17.59B	14.92B	18.33B	21.36B	25.82B	25.66B
COGS % of Revenue	0.74%	0.75%	0.75%	0.76%	0.75%	0.75%	0.76%	0.76%	0.76%	0.75%
Gross Profit+	4.95B	4.46B	5.1B	5.74B	5.98B	4.89B	5.7B	6.72B	8.25B	8.44B
Gross Margin %	0.26%	0.25%	0.25%	0.24%	0.25%	0.25%	0.24%	0.24%	0.24%	0.25%
Gross Profit Growth %	0.02%	-0.1%	0.14%	0.12%	0.04%	-0.18%	0.16%	0.18%	0.23%	0.02%
Operating Expenses+	2.89B	2.58B	2.77B	2.95B	3.28B	2.63B	2.99B	3.79B	6.49B	4.69B
OpEx % of Revenue	0.15%	0.15%	0.14%	0.12%	0.14%	0.13%	0.12%	0.14%	0.19%	0.14%
Selling, General & Admin	2.09B	2.1B	2.43B	2.44B	2.45B	2.13B	2.37B	2.69B	3.33B	3.27B
SG&A % of Revenue	0.11%	0.12%	0.12%	0.1%	0.1%	0.11%	0.1%	0.1%	0.1%	0.1%
Research & Development	735M	636M	752M	902M	1B	906M	1.09B	1.28B	1.5B	1.46B
R&D % of Revenue	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.04%	0.04%
Other Operating Expenses	63M	-158M	-417M	-388M	-175M	-406M	-475M	-175M	1.66B	-49M
Operating Income+	2.06B	1.88B	2.33B	2.79B	2.7B	2.27B	2.71B	2.93B	1.76B	3.75B
Operating Margin %	0.11%	0.11%	0.11%	0.12%	0.11%	0.11%	0.11%	0.1%	0.05%	0.11%
Operating Income Growth %	-0.13%	-0.09%	0.24%	0.19%	-0.03%	-0.16%	0.19%	0.08%	-0.4%	1.13%
EBITDA+	2.57B	2.41B	2.92B	3.4B	3.37B	2.94B	3.37B	3.71B	2.79B	4.82B
EBITDA Margin %	0.13%	0.14%	0.14%	0.14%	0.14%	0.15%	0.14%	0.13%	0.08%	0.14%
EBITDA Growth %	-0.09%	-0.06%	0.21%	0.16%	-0.01%	-0.13%	0.14%	0.1%	-0.25%	0.73%
D&A (Non-Cash Add-back)	514M	530M	583M	611M	672M	673M	662M	784M	1.02B	1.06B
EBIT	2.09B	2B	2.45B	2.87B	2.94B	2.44B	2.86B	3.02B	2B	5.27B
Net Interest Income+	-8M	-14M	-14M	-56M	-50M	-5M	-29M	-74M	-136M	-184M
Interest Income	66M	64M	67M	58M	59M	95M	82M	125M	239M	186M
Interest Expense	65M	69M	81M	114M	109M	100M	111M	199M	375M	370M
Other Income/Expense	-32M	50M	31M	-33M	134M	69M	45M	-110M	-135M	1.15B
Pretax Income+	2.02B	1.93B	2.37B	2.75B	2.83B	2.34B	2.75B	2.82B	1.63B	4.9B
Pretax Margin %	0.11%	0.11%	0.12%	0.12%	0.12%	0.12%	0.11%	0.1%	0.05%	0.14%
Income Tax+	555M	474M	1.37B	566M	566M	527M	587M	636M	786M	835M
Effective Tax Rate %	0.69%	0.72%	0.42%	0.78%	0.8%	0.77%	0.77%	0.76%	0.45%	0.8%
Net Income+	1.4B	1.39B	999M	2.14B	2.26B	1.79B	2.13B	2.15B	735M	3.95B
Net Margin %	0.07%	0.08%	0.05%	0.09%	0.1%	0.09%	0.09%	0.08%	0.02%	0.12%
Net Income Growth %	-0.15%	-0%	-0.28%	1.14%	0.06%	-0.21%	0.19%	0.01%	-0.66%	4.37%
Net Income (Continuing)	1.47B	1.46B	994M	2.19B	2.27B	1.81B	2.16B	2.18B	840M	4.07B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	344M	299M	905M	911M	958M	927M	927M	1.25B	1.05B	1.04B
EPS (Diluted)+	7.84	8.23	5.97	13.15	14.48	12.01	14.61	15.12	5.15	28.37
EPS Growth %	-0.13%	0.05%	-0.27%	1.2%	0.1%	-0.17%	0.22%	0.03%	-0.66%	4.51%
EPS (Basic)	7.86	8.25	6.00	13.20	14.54	12.07	14.74	15.20	5.19	28.55
Diluted Shares Outstanding	178.4M	169.3M	167.3M	162.8M	156.1M	149M	145.9M	142.3M	142.7M	139.1M
Basic Shares Outstanding	178M	169M	166.6M	162.2M	155.4M	148.2M	144.6M	141.5M	141.7M	138.2M
Dividend Payout Ratio	0.44%	0.48%	0.7%	0.34%	0.34%	0.44%	0.38%	0.4%	1.25%	0.25%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.95B	7.71B	8.93B	9.82B	9.39B	11.9B	12.31B	14.45B	15.2B	14.75B
Cash & Short-Term Investments	1.81B	1.38B	1.57B	1.52B	1.47B	3.86B	3.19B	2.57B	2.74B	2.26B
Cash Only	1.71B	1.12B	1.37B	1.3B	1.13B	3.4B	2.59B	2.1B	2.18B	1.67B
Short-Term Investments	100M	260M	198M	222M	341M	461M	595M	472M	562M	593M
Accounts Receivable	2.82B	3.02B	3.62B	3.87B	3.67B	3.82B	3.99B	5.2B	5.58B	5.18B
Days Sales Outstanding	53.86	63.06	64.65	59.36	56.83	70.38	60.63	67.63	59.82	55.45
Inventory	2.71B	2.67B	3.17B	3.76B	3.49B	3.42B	4.36B	5.6B	5.68B	5.74B
Days Inventory Outstanding	69.76	74.81	75.39	76.08	72.33	83.81	86.74	95.77	80.26	81.67
Other Current Assets	176M	192M	152M	117M	0	172M	120M	128M	1.2B	1.56B
Total Non-Current Assets+	7.19B	7.3B	9.15B	9.24B	10.35B	10.73B	11.4B	15.85B	16.81B	16.79B
Property, Plant & Equipment	3.75B	3.8B	3.93B	4.1B	4.74B	4.25B	4.42B	5.52B	6.75B	6.89B
Fixed Asset Turnover	5.10x	4.61x	5.20x	5.80x	4.97x	4.66x	5.43x	5.08x	5.05x	4.95x
Goodwill	482M	480M	1.08B	1.13B	1.29B	1.29B	1.29B	2.34B	2.5B	2.37B
Intangible Assets	328M	332M	973M	909M	1B	963M	900M	2.69B	2.52B	2.35B
Long-Term Investments	975M	946M	1.16B	1.22B	1.24B	1.44B	1.54B	1.76B	1.8B	1.89B
Other Non-Current Assets	1.27B	1.33B	966M	962M	1.64B	2.3B	2.83B	2.91B	2.16B	2.17B
Total Assets+	15.13B	15.01B	18.07B	19.06B	19.74B	22.62B	23.71B	30.3B	32.01B	31.54B
Asset Turnover	1.26x	1.17x	1.13x	1.25x	1.19x	0.88x	1.01x	0.93x	1.06x	1.08x
Asset Growth %	-0.04%	-0.01%	0.2%	0.05%	0.04%	0.15%	0.05%	0.28%	0.06%	-0.01%
Total Current Liabilities+	3.8B	4.33B	5.68B	6.38B	6.26B	6.33B	7.08B	11.42B	12.9B	11.23B
Accounts Payable	1.71B	1.85B	2.58B	2.82B	2.53B	2.82B	3.02B	4.25B	4.26B	3.95B
Days Payables Outstanding	43.97	51.85	61.41	57.12	52.58	69	60.17	72.68	60.23	56.19
Short-Term Debt	63M	288M	418M	879M	791M	554M	580M	3.36B	1.89B	2.27B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.22B	1.3B	1.29B	1.41B	560M	1.58B	1.71B	1.89B	1.11B	1.08B
Current Ratio	2.09x	1.78x	1.57x	1.54x	1.50x	1.88x	1.74x	1.27x	1.18x	1.31x
Quick Ratio	1.38x	1.16x	1.01x	0.95x	0.94x	1.34x	1.12x	0.77x	0.74x	0.80x
Cash Conversion Cycle	79.66	86.02	78.62	78.33	76.58	85.18	87.2	90.72	79.86	80.93
Total Non-Current Liabilities+	3.58B	3.51B	4.23B	4.42B	5.01B	7.3B	7.22B	8.65B	9.2B	9B
Long-Term Debt	1.58B	1.57B	1.59B	1.6B	1.58B	3.53B	3.58B	4.5B	4.8B	4.78B
Capital Lease Obligations	0	0	121M	102M	370M	404M	326M	368M	374M	409M
Deferred Tax Liabilities	-583M	-589M	391M	263M	306M	325M	403M	649M	530M	389M
Other Non-Current Liabilities	1.42B	1.28B	1.53B	1.8B	1.94B	2.2B	2.07B	2.29B	2.53B	2.35B
Total Liabilities	7.38B	7.84B	9.91B	10.8B	11.27B	13.63B	14.31B	20.07B	22.1B	20.23B
Total Debt+	1.6B	1.82B	2.01B	2.48B	2.87B	4.62B	4.61B	8.36B	7.21B	7.6B
Net Debt	-111M	701M	637M	1.17B	1.74B	1.22B	2.02B	6.25B	5.03B	5.93B
Debt / Equity	0.21x	0.25x	0.25x	0.30x	0.34x	0.51x	0.49x	0.82x	0.73x	0.67x
Debt / EBITDA	0.62x	0.76x	0.69x	0.73x	0.85x	1.57x	1.37x	2.25x	2.59x	1.58x
Net Debt / EBITDA	-0.04x	0.29x	0.22x	0.35x	0.52x	0.41x	0.60x	1.68x	1.81x	1.23x
Interest Coverage	31.65x	27.25x	28.81x	24.44x	24.77x	22.69x	24.38x	14.72x	4.70x	10.14x
Total Equity+	7.75B	7.17B	8.16B	8.26B	8.46B	8.99B	9.4B	10.22B	9.9B	11.31B
Equity Growth %	-0.04%	-0.07%	0.14%	0.01%	0.02%	0.06%	0.05%	0.09%	-0.03%	0.14%
Book Value per Share	43.44	42.37	48.80	50.73	54.23	60.33	64.43	71.86	69.40	81.29
Total Shareholders' Equity	7.41B	6.88B	7.26B	7.35B	7.51B	8.06B	8.47B	8.97B	8.85B	10.27B
Common Stock	2.18B	2.15B	2.21B	2.27B	2.35B	2.4B	2.43B	2.24B	556M	556M
Retained Earnings	10.32B	11.04B	11.46B	12.92B	14.42B	15.42B	16.74B	18.04B	17.85B	20.83B
Treasury Stock	-3.73B	-4.49B	-4.91B	-6.03B	-7.22B	-7.78B	-9.12B	-9.41B	-9.36B	-10.75B
Accumulated OCI	-1.35B	-1.82B	-1.5B	-1.81B	-2.03B	-1.98B	-1.57B	-1.89B	-2.21B	-2.44B
Minority Interest	344M	299M	905M	911M	958M	927M	927M	1.25B	1.05B	1.04B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.06B	1.94B	2.28B	2.38B	3.18B	2.72B	2.26B	1.96B	3.97B	1.49B
Operating CF Margin %	0.11%	0.11%	0.11%	0.1%	0.13%	0.14%	0.09%	0.07%	0.12%	0.04%
Operating CF Growth %	-0.09%	-0.06%	0.18%	0.04%	0.34%	-0.14%	-0.17%	-0.13%	1.02%	-0.63%
Net Income	1.47B	1.46B	994M	2.19B	2.27B	1.81B	2.16B	2.18B	840M	4.07B
Depreciation & Amortization	514M	530M	583M	611M	672M	673M	662M	784M	1.02B	1.06B
Stock-Based Compensation	24M	32M	41M	53M	49M	31M	37M	33M	0	0
Deferred Taxes	-108M	50M	766M	-82M	-4M	7M	7M	-274M	-457M	-209M
Other Non-Cash Items	127M	-67M	-438M	19M	-13M	-354M	-249M	242M	75M	-1.27B
Working Capital Changes	32M	-66M	331M	-410M	209M	554M	-365M	-1.01B	2.48B	-2.17B
Change in Receivables	-274M	-446M	-142M	-92M	-12M	31M	-174M	-697M	0	298M
Change in Inventory	150M	-4M	-407M	-695M	291M	46M	-945M	-567M	0	-402M
Change in Payables	-136M	184M	639M	302M	-310M	288M	217M	538M	-66M	-183M
Cash from Investing+	-918M	-917M	-1.05B	-974M	-1.15B	-719M	-873M	-4.17B	-1.64B	-1.78B
Capital Expenditures	-799M	-594M	-587M	-784M	-775M	-575M	-786M	-916M	-1.21B	-1.21B
CapEx % of Revenue	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	17M	-76M	191M	-46M	-12M	31M	94M	-143M	-63M	984M
Cash from Financing+	-1.64B	-1.41B	-1.07B	-1.4B	-2.1B	280M	-2.23B	1.67B	-2.18B	-173M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-622M	-676M	-701M	-718M	-761M	-782M	-809M	-855M	-921M	-969M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-49M	93M	40M	1M	13M	89M	-22M	84M	-202M	-119M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.26B	1.34B	1.69B	1.59B	2.41B	2.15B	1.47B	1.05B	2.75B	279M
FCF Margin %	0.07%	0.08%	0.08%	0.07%	0.1%	0.11%	0.06%	0.04%	0.08%	0.01%
FCF Growth %	-0.14%	0.06%	0.26%	-0.06%	0.51%	-0.11%	-0.32%	-0.29%	1.63%	-0.9%
FCF per Share	7.06	7.92	10.10	9.79	15.41	14.41	10.08	7.35	19.29	2.01
FCF Conversion (FCF/Net Income)	1.47x	1.39x	2.28x	1.11x	1.41x	1.52x	1.06x	0.91x	5.40x	0.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	17.66%	18.68%	13.03%	26.07%	27.03%	20.5%	23.18%	21.92%	7.3%	37.21%
Return on Invested Capital (ROIC)	20.43%	18.18%	20.99%	22.92%	20.63%	16.68%	18.77%	15.75%	8.41%	17.49%
Gross Margin	25.89%	25.46%	24.97%	24.13%	25.37%	24.7%	23.71%	23.93%	24.22%	24.75%
Net Margin	7.32%	7.96%	4.89%	9.01%	9.59%	9.03%	8.87%	7.66%	2.16%	11.57%
Debt / Equity	0.21x	0.25x	0.25x	0.30x	0.34x	0.51x	0.49x	0.82x	0.73x	0.67x
Interest Coverage	31.65x	27.25x	28.81x	24.44x	24.77x	22.69x	24.38x	14.72x	4.70x	10.14x
FCF Conversion	1.47x	1.39x	2.28x	1.11x	1.41x	1.52x	1.06x	0.91x	5.40x	0.38x
Revenue Growth	-0.58%	-8.38%	16.67%	16.36%	-0.84%	-15.95%	21.25%	16.87%	21.34%	0.11%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Engine	10.45B	7.8B	8.95B	10.57B	10.06B	8.02B	9.95B	10.95B	11.68B	11.71B
Engine Growth	-	-25.31%	14.72%	18.02%	-4.83%	-20.23%	24.08%	9.96%	6.75%	0.24%
Components	5.17B	4.84B	5.89B	7.17B	6.91B	6.02B	7.67B	9.74B	13.41B	11.68B
Components Growth	-	-6.50%	21.77%	21.68%	-3.52%	-12.87%	27.24%	27.02%	37.73%	-12.90%
Distribution	6.23B	6.18B	7.06B	7.83B	8.07B	7.14B	7.77B	8.93B	10.25B	11.38B
Distribution Growth	-	-0.77%	14.19%	10.91%	3.10%	-11.58%	8.91%	14.89%	14.78%	11.07%
Power Systems	2.74B	3.52B	4.06B	4.63B	4.46B	3.63B	4.42B	5.03B	5.67B	6.41B
Power Systems Growth	-	28.36%	15.38%	14.00%	-3.59%	-18.59%	21.59%	14.00%	12.72%	12.96%
Accelera	-	-	-	-	-	-	-	-	354M	414M
Accelera Growth	-	-	-	-	-	-	-	-	-	16.95%
Total	-	-	-	-	-	-	-5.9B	-6.77B	-7.3B	-7.5B
Total Growth	-	-	-	-	-	-	-	-14.68%	-7.94%	-2.62%
New Power	-	-	-	-	38M	72M	116M	198M	-	-
New Power Growth	-	-	-	-	-	89.47%	61.11%	70.69%	-	-
Corporate and Other	-	-	-	-	-	-5.07B	-	-	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-	-	-5.53B	-6.42B	-5.97B	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-16.13%	7.07%	-	-	-	-	-
Electrified Power	-	-	-	7M	-	-	-	-	-	-
Electrified Power Growth	-	-	-	-	-	-	-	-	-	-
Segment Reconciling Items	-	-4.83B	-	-	-	-	-	-	-	-
Segment Reconciling Items Growth	-	-	-	-	-	-	-	-	-	-
Corporate, Non-Segment	-5.48B	-	-	-	-	-	-	-	-	-
Corporate, Non-Segment Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	10.76B	9.48B	11.01B	13.22B	13.52B	10.61B	12.49B	15.55B	19.3B	19.42B
UNITED STATES Growth	-	-11.91%	16.19%	20.05%	2.28%	-21.55%	17.77%	24.53%	24.11%	0.62%
Non-US	8.35B	8.03B	7.28B	7.26B	6.87B	5.69B	7.23B	8.74B	9.97B	9.95B
Non-US Growth	-	-3.83%	-9.36%	-0.23%	-5.38%	-17.15%	26.98%	20.89%	14.07%	-0.17%
CHINA	-	-	2.14B	2.32B	2.33B	2.83B	3.17B	2.39B	3.12B	2.95B
CHINA Growth	-	-	-	8.75%	0.30%	21.49%	11.90%	-24.58%	30.33%	-5.36%
INDIA	-	-	-	965M	848M	680M	1.13B	1.39B	1.68B	1.78B
INDIA Growth	-	-	-	-	-12.12%	-19.81%	66.62%	22.86%	20.55%	6.02%

Frequently Asked Questions

Valuation & Price

Cummins Inc. (CMI) has a price-to-earnings (P/E) ratio of 20.3x. This is roughly in line with market averages.

Growth & Financials

Cummins Inc. (CMI) reported $33.58B in revenue for fiscal year 2024. This represents a 86% increase from $18.05B in 2011.

Cummins Inc. (CMI) grew revenue by 0.1% over the past year. Growth has been modest.

Yes, Cummins Inc. (CMI) is profitable, generating $2.67B in net income for fiscal year 2024 (11.6% net margin).

Dividend & Returns

Yes, Cummins Inc. (CMI) pays a dividend with a yield of 1.21%. This makes it attractive for income-focused investors.

Cummins Inc. (CMI) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.

Cummins Inc. (CMI) generated $2.28B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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