Cummins Inc. (CMI) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 8.4B | 8.54B | 8.32B | 8.64B | 8.17B | 8.45B | 8.46B | 8.8B | 8.4B | 8.54B | 8.43B | 8.64B |
| Revenue Growth % | 2.74% | 1.05% | -1.64% | -1.74% | -2.73% | -1.12% | 0.3% | 1.83% | -0.59% | 9.95% | 14.97% | 31.16% |
| Cost of Goods Sold | 6.16B | 6.58B | 6.19B | 6.36B | 6.02B | 6.41B | 6.29B | 6.6B | 6.36B | 6.54B | 6.36B | 6.49B |
| COGS % of Revenue | 73.29% | 77.14% | 74.4% | 73.61% | 73.64% | 75.92% | 74.33% | 75.07% | 75.71% | 76.58% | 75.44% | 75.13% |
| Gross Profit | 2.24B | 1.95B | 2.13B | 2.28B | 2.15B | 2.03B | 2.17B | 2.19B | 2.04B | 2B | 2.07B | 2.15B |
| Gross Margin % | 26.71% | 22.86% | 25.6% | 26.39% | 26.36% | 24.08% | 25.67% | 24.93% | 24.29% | 23.42% | 24.56% | 24.87% |
| Gross Profit Growth % | 4.08% | -4.08% | -1.93% | 4.01% | 5.59% | 1.65% | 4.83% | 2.1% | 0.59% | 10.01% | 26.13% | 24.45% |
| Operating Expenses | 1.29B | 1.31B | 1.13B | 1.05B | 1.02B | 1.3B | 1.12B | 1.15B | 1.12B | 3.21B | 1.12B | 1.15B |
| OpEx % of Revenue | 15.41% | 15.36% | 13.63% | 12.21% | 12.49% | 15.41% | 13.26% | 13.05% | 13.3% | 37.61% | 13.3% | 13.32% |
| Selling, General & Admin | 845M | 786M | 789M | 779M | 754M | 801M | 807M | 828M | 809M | 751M | 831M | 873M |
| SG&A % of Revenue | 10.06% | 9.21% | 9.49% | 9.01% | 9.22% | 9.48% | 9.54% | 9.41% | 9.63% | 8.79% | 9.86% | 10.11% |
| Research & Development | 358M | 350M | 345M | 357M | 344M | 356M | 359M | 379M | 369M | 390M | 376M | 384M |
| R&D % of Revenue | 4.26% | 4.1% | 4.15% | 4.13% | 4.21% | 4.21% | 4.25% | 4.31% | 4.39% | 4.57% | 4.46% | 4.45% |
| Other Operating Expenses | 1000K | 1000K | 0 | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K |
| Operating Income | 949M | 640M | 995M | 1.23B | 1.13B | 732M | 1.05B | 1.04B | 923M | -1.21B | 950M | 997M |
| Operating Margin % | 11.3% | 7.5% | 11.96% | 14.18% | 13.87% | 8.67% | 12.42% | 11.88% | 10.98% | -14.19% | 11.27% | 11.54% |
| Operating Income Growth % | -16.31% | -12.57% | -5.24% | 17.32% | 22.86% | 160.4% | 10.53% | 4.81% | -10.04% | -251.12% | 51.76% | 11.15% |
| EBITDA | 888M | 908M | 1.27B | 1.5B | 1.4B | 1B | 1.32B | 1.31B | 1.19B | -948M | 1.21B | 1.25B |
| EBITDA Margin % | 10.57% | 10.64% | 15.29% | 17.41% | 17.16% | 11.87% | 15.56% | 14.87% | 14.14% | -11.1% | 14.32% | 14.52% |
| EBITDA Growth % | -36.71% | -9.47% | -3.34% | 15.06% | 18.1% | 205.8% | 9.03% | 4.31% | -6.6% | -190.98% | 43.35% | 17.86% |
| D&A (Non-Cash Add-back) | 0 | 268M | 277M | 279M | 269M | 271M | 266M | 263M | 265M | 264M | 257M | 257M |
| EBIT | 888M | 873M | 913M | 1.31B | 1.19B | 751M | 1.13B | 1.09B | 2.31B | -1.14B | 975M | 1.05B |
| Net Interest Income | -76M | -82M | -54M | -35M | -17M | -55M | -36M | -56M | -37M | -36M | -25M | -37M |
| Interest Income | 0 | 0 | 29M | 52M | 60M | 34M | 47M | 53M | 52M | 56M | 72M | 62M |
| Interest Expense | 76M | 82M | 83M | 87M | 77M | 89M | 83M | 109M | 89M | 92M | 97M | 99M |
| Other Income/Expense | -15M | 151M | -165M | -1M | -17M | -70M | -7M | -68M | 1.3B | -18M | -72M | -48M |
| Pretax Income | 934M | 791M | 830M | 1.23B | 1.12B | 662M | 1.04B | 977M | 2.22B | -1.23B | 878M | 949M |
| Pretax Margin % | 11.12% | 9.27% | 9.98% | 14.17% | 13.67% | 7.84% | 12.33% | 11.11% | 26.43% | -14.4% | 10.41% | 10.99% |
| Income Tax | 254M | 171M | 271M | 297M | 267M | 217M | 200M | 225M | 193M | 163M | 188M | 212M |
| Effective Tax Rate % | 27.19% | 21.62% | 32.65% | 24.24% | 23.9% | 32.78% | 19.18% | 23.03% | 8.69% | -13.25% | 21.41% | 22.34% |
| Net Income | 654M | 593M | 536M | 890M | 824M | 418M | 809M | 726M | 1.99B | -1.43B | 656M | 720M |
| Net Margin % | 7.79% | 6.95% | 6.44% | 10.3% | 10.08% | 4.95% | 9.57% | 8.25% | 23.72% | -16.75% | 7.78% | 8.34% |
| Net Income Growth % | -20.63% | 41.87% | -33.75% | 22.59% | -58.66% | 129.21% | 23.32% | 0.83% | 152.28% | -326.78% | 64% | 2.56% |
| Net Income (Continuing) | 680M | 620M | 559M | 928M | 850M | 445M | 843M | 752M | 2.03B | -1.39B | 690M | 737M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.02B | 1.06B | 1.03B | 1.08B | 1.05B | 1.04B | 1.03B | 1.02B | 1.03B | 1.05B | 1.02B | 1.02B |
| EPS (Diluted) | 4.71 | 4.27 | 3.85 | 6.42 | 5.96 | 3.02 | 5.86 | 5.26 | 14.03 | -10.08 | 4.59 | 5.05 |
| EPS Growth % | -20.97% | 41.39% | -34.3% | 22.05% | -57.52% | 129.96% | 27.67% | 4.16% | 152.79% | -327.54% | 62.77% | 2.23% |
| EPS (Basic) | 4.73 | 4.29 | 3.88 | 6.46 | 5.99 | 3.04 | 5.90 | 5.30 | 14.10 | -10.08 | 4.63 | 5.08 |
| Diluted Shares Outstanding | 138.8M | 139M | 138.6M | 138.4M | 138.3M | 138.4M | 138.1M | 137.9M | 142.1M | 141.9M | 142.8M | 142.5M |
| Basic Shares Outstanding | 138.3M | 138.2M | 137.8M | 137.7M | 137.6M | 137.4M | 137.2M | 137.1M | 141.3M | 141.9M | 141.8M | 141.7M |
| Dividend Payout Ratio | - | 46.71% | 51.49% | 28.2% | 30.46% | 59.81% | 30.9% | 31.68% | 11.99% | - | 36.28% | 30.97% |