Cummins Inc. (CMI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CMI Revenue Growth
Revenue Breakdown (FY 2025)
CMI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CMI Revenue Analysis (2014–2025)
As of May 6, 2026, Cummins Inc. (CMI) generated trailing twelve-month (TTM) revenue of $33.89 billion, reflecting modest growth of +2.7% year-over-year. The most recent quarter (Q1 2026) recorded $8.40 billion in revenue, down 1.6% sequentially.
Looking at the longer-term picture, CMI's 5-year compound annual growth rate (CAGR) stands at +11.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $34.10 billion in 2024.
Revenue diversification analysis shows CMI's business is primarily driven by Distribution (37%), Engine (32%), and Components (30%).
When compared to Industrials sector peers including PCAR (-15.8% YoY), CAT (+11.8% YoY), and DE (+8.1% YoY), CMI has underperformed the peer group in terms of revenue growth. Compare CMI vs PCAR →
CMI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CMICurrent | $33.9B | +2.7% | +11.2% | 11.9% | |
 PCAR | $28.4B | -15.8% | +8.7% | 10.4% | |
 CAT | $67.6B | +11.8% | +10.1% | 16.6% | |
 DE | $44.7B | +8.1% | +5.6% | 18.8% | |
 AGCO | $10.1B | -3.8% | +2.0% | 6.9% | |
 CNH | $18.1B | -4.0% | +4.1% | 15.4% |
CMI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $33.67B | -1.3% | $8.52B | 25.3% | $4.00B | 11.9% |
| 2024 | $34.10B | +0.1% | $8.44B | 24.7% | $3.75B | 11.0% |
| 2023 | $34.06B | +21.3% | $8.25B | 24.2% | $1.76B | 5.2% |
| 2022 | $28.07B | +16.9% | $6.72B | 23.9% | $2.93B | 10.4% |
| 2021 | $24.02B | +21.3% | $5.70B | 23.7% | $2.71B | 11.3% |
| 2020 | $19.81B | -16.0% | $4.89B | 24.7% | $2.27B | 11.5% |
| 2019 | $23.57B | -0.8% | $5.98B | 25.4% | $2.70B | 11.5% |
| 2018 | $23.77B | +16.4% | $5.74B | 24.1% | $2.79B | 11.7% |
| 2017 | $20.43B | +16.7% | $5.10B | 25.0% | $2.33B | 11.4% |
| 2016 | $17.51B | -8.4% | $4.46B | 25.5% | $1.88B | 10.7% |
Full CMI Stock Analysis
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Start ComparisonCMI — Frequently Asked Questions
Quick answers to the most common questions about buying CMI stock.
Is CMI's revenue growth accelerating or slowing?
CMI revenue growth slowed to +2.7%, below the 5-year CAGR of +11.2%. TTM revenue is $33.9B. The deceleration marks a shift from historical growth rates.
What is CMI's long-term revenue growth rate?
Cummins Inc.'s 5-year revenue CAGR of +11.2% reflects the variable expansion pattern. Current YoY growth of +2.7% is near this long-term average.
How is CMI's revenue distributed by segment?
CMI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.