Cummins Inc. (CMI) Quarterly Income Statement

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Cummins Inc. (CMI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

CMI Income Statement

Cummins Inc. (CMI) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	9.46B	8.4B	8.54B	8.32B	8.64B	8.17B	8.45B	8.46B	8.8B	8.4B	8.54B	8.43B	8.64B	8.45B	7.77B	7.33B	6.59B	6.38B	5.85B	5.97B
Revenue Growth %	9.42%	2.74%	1.05%	-1.64%	-1.74%	-2.73%	-1.12%	0.3%	1.83%	-0.59%	9.95%	14.97%	31.16%	32.39%	32.82%	22.87%	7.77%	4.81%	0.34%	16.61%
Cost of Goods Sold	6.99B	6.16B	6.58B	6.19B	6.36B	6.02B	6.41B	6.29B	6.6B	6.36B	6.54B	6.36B	6.49B	6.42B	5.95B	5.69B	4.86B	4.85B	4.53B	4.55B
COGS % of Revenue	73.93%	73.29%	77.14%	74.4%	73.61%	73.64%	75.92%	74.33%	75.07%	75.71%	76.58%	75.44%	75.13%	76%	76.59%	77.61%	73.79%	76.01%	77.49%	76.31%
Gross Profit	2.46B	2.24B	1.95B	2.13B	2.28B	2.15B	2.03B	2.17B	2.19B	2.04B	2B	2.07B	2.15B	2.03B	1.82B	1.64B	1.73B	1.53B	1.32B	1.41B
Gross Margin %	26.07%	26.71%	22.86%	25.6%	26.39%	26.36%	24.08%	25.67%	24.93%	24.29%	23.42%	24.56%	24.87%	24%	23.41%	22.39%	26.21%	23.99%	22.51%	23.69%
Gross Profit Growth %	8.07%	4.08%	-4.08%	-1.93%	4.01%	5.59%	1.65%	4.83%	2.1%	0.59%	10.01%	26.13%	24.45%	32.44%	38.12%	16.12%	16.78%	3.1%	-3.23%	4.82%
Operating Expenses	1.19B	1.29B	1.31B	1.13B	1.05B	1.02B	1.3B	1.12B	1.15B	1.12B	3.21B	1.12B	1.15B	1B	1.02B	1.02B	829M	928M	822M	748M
OpEx % of Revenue	12.54%	15.41%	15.36%	13.63%	12.21%	12.49%	15.41%	13.26%	13.05%	13.3%	37.61%	13.3%	13.32%	11.87%	13.09%	13.86%	12.59%	14.53%	14.05%	12.53%
Selling, General & Admin	893M	845M	786M	789M	779M	754M	801M	807M	828M	809M	751M	831M	873M	722M	742M	708M	622M	615M	629M	571M
SG&A % of Revenue	9.44%	10.06%	9.21%	9.49%	9.01%	9.22%	9.48%	9.54%	9.41%	9.63%	8.79%	9.86%	10.11%	8.54%	9.55%	9.65%	9.44%	9.63%	10.75%	9.57%
Research & Development	385M	358M	350M	345M	357M	344M	356M	359M	379M	369M	390M	376M	384M	350M	333M	348M	299M	298M	288M	266M
R&D % of Revenue	4.07%	4.26%	4.1%	4.15%	4.13%	4.21%	4.21%	4.25%	4.31%	4.39%	4.57%	4.46%	4.45%	4.14%	4.29%	4.75%	4.54%	4.67%	4.92%	4.46%
Other Operating Expenses	-1000K	1000K	1000K	0	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Operating Income	1.28B	949M	640M	995M	1.23B	1.13B	732M	1.05B	1.04B	923M	-1.21B	950M	997M	1.03B	802M	626M	897M	604M	495M	666M
Operating Margin %	13.52%	11.3%	7.5%	11.96%	14.18%	13.87%	8.67%	12.42%	11.88%	10.98%	-14.19%	11.27%	11.54%	12.14%	10.32%	8.54%	13.62%	9.46%	8.46%	11.16%
Operating Income Growth %	4.32%	-16.31%	-12.57%	-5.24%	17.32%	22.86%	160.4%	10.53%	4.81%	-10.04%	-251.12%	51.76%	11.15%	69.87%	62.02%	-6.01%	22.04%	-25.43%	-21.3%	-0.6%
EBITDA	1.56B	1.23B	908M	1.27B	1.5B	1.4B	1B	1.32B	1.31B	1.19B	-948M	1.21B	1.25B	1.27B	1.04B	842M	1.06B	765M	660M	826M
EBITDA Margin %	16.51%	14.66%	10.64%	15.29%	17.41%	17.16%	11.87%	15.56%	14.87%	14.14%	-11.1%	14.32%	14.52%	15.05%	13.41%	11.48%	16.16%	11.98%	11.28%	13.84%
EBITDA Growth %	3.72%	-12.26%	-9.47%	-3.34%	15.06%	18.1%	205.8%	9.03%	4.31%	-6.6%	-190.98%	43.35%	17.86%	66.27%	57.88%	1.94%	17.96%	-21.94%	-17.81%	-1.2%
D&A (Non-Cash Add-back)	282M	282M	268M	277M	279M	269M	271M	266M	263M	265M	264M	257M	257M	246M	240M	216M	167M	161M	165M	160M
EBIT	1.19B	888M	873M	913M	1.31B	1.19B	751M	1.13B	1.09B	2.31B	-1.14B	975M	1.05B	1.12B	865M	669M	889M	595M	540M	703M
Net Interest Income	-80M	-19M	-34M	-32M	-35M	-17M	-55M	-36M	-56M	-37M	-36M	-25M	-37M	-38M	-38M	-30M	-27M	-9M	11M	-6M
Interest Income	0	57M	48M	51M	52M	60M	34M	47M	53M	52M	56M	72M	62M	49M	49M	31M	7M	8M	37M	22M
Interest Expense	80M	76M	82M	83M	87M	77M	89M	83M	109M	89M	92M	97M	99M	87M	87M	61M	34M	17M	26M	28M
Other Income/Expense	14M	-15M	151M	-165M	-1M	-17M	-70M	-7M	-68M	1.3B	-18M	-72M	-48M	3M	-24M	-18M	-42M	-26M	19M	9M
Pretax Income	1.29B	934M	791M	830M	1.23B	1.12B	662M	1.04B	977M	2.22B	-1.23B	878M	949M	1.03B	778M	608M	855M	578M	514M	675M
Pretax Margin %	13.67%	11.12%	9.27%	9.98%	14.17%	13.67%	7.84%	12.33%	11.11%	26.43%	-14.4%	10.41%	10.99%	12.17%	10.01%	8.29%	12.98%	9.05%	8.79%	11.31%
Income Tax	325M	254M	171M	271M	297M	267M	217M	200M	225M	193M	163M	188M	212M	223M	134M	199M	148M	155M	114M	134M
Effective Tax Rate %	25.14%	27.19%	21.62%	32.65%	24.24%	23.9%	32.78%	19.18%	23.03%	8.69%	-13.25%	21.41%	22.34%	21.67%	17.22%	32.73%	17.31%	26.82%	22.18%	19.85%
Net Income	932M	654M	593M	536M	890M	824M	418M	809M	726M	1.99B	-1.43B	656M	720M	790M	631M	400M	702M	418M	394M	534M
Net Margin %	9.86%	7.79%	6.95%	6.44%	10.3%	10.08%	4.95%	9.57%	8.25%	23.72%	-16.75%	7.78%	8.34%	9.35%	8.12%	5.45%	10.66%	6.55%	6.73%	8.95%
Net Income Growth %	4.72%	-20.63%	41.87%	-33.75%	22.59%	-58.66%	129.21%	23.32%	0.83%	152.28%	-326.78%	64%	2.56%	89%	60.15%	-25.09%	17%	-30.68%	-21.36%	6.59%
Net Income (Continuing)	968M	680M	620M	559M	928M	850M	445M	843M	752M	2.03B	-1.39B	690M	737M	806M	644M	409M	707M	423M	400M	541M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.06B	1.02B	1.06B	1.03B	1.08B	1.05B	1.04B	1.03B	1.02B	1.03B	1.05B	1.02B	1.02B	1.26B	1.25B	1.23B	917M	927M	927M	921M
EPS (Diluted)	6.73	4.71	4.27	3.85	6.42	5.96	3.02	5.86	5.26	14.03	-10.08	4.59	5.05	5.55	4.43	2.82	4.94	2.92	2.76	3.69
EPS Growth %	4.83%	-20.97%	41.39%	-34.3%	22.05%	-57.52%	129.96%	27.67%	4.16%	152.79%	-327.54%	62.77%	2.23%	90.07%	60.51%	-23.58%	20.49%	-28.26%	-17.86%	9.82%
EPS (Basic)	6.75	4.73	4.29	3.88	6.46	5.99	3.04	5.90	5.30	14.10	-10.08	4.63	5.08	5.58	4.47	2.83	4.97	2.94	2.76	3.72
Diluted Shares Outstanding	138.6M	138.8M	139M	138.6M	138.4M	138.3M	138.4M	138.1M	137.9M	142.1M	141.9M	142.8M	142.5M	142.4M	142.3M	142M	142M	143.1M	142.5M	144.7M
Basic Shares Outstanding	138.1M	138.3M	138.2M	137.8M	137.7M	137.6M	137.4M	137.2M	137.1M	141.3M	141.9M	141.8M	141.7M	141.5M	141.3M	141.1M	141.2M	142.2M	142.5M	143.5M
Dividend Payout Ratio	29.61%	42.2%	46.71%	51.49%	28.2%	30.46%	59.81%	30.9%	31.68%	11.99%	-	36.28%	30.97%	28.1%	35.18%	55.5%	29.06%	49.52%	52.79%	38.76%