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Cummins Inc. (CMI)
Industrials · Specialty Industrial Machinery · NYSE
Cummins Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.51B | $20.43B | $23.77B | $23.57B | $19.81B | $24.02B | $28.07B | $34.06B | $34.10B | $33.67B |
| Gross profit | $4.46B | $5.10B | $5.74B | $5.98B | $4.89B | $5.70B | $6.72B | $8.25B | $8.44B | $8.52B |
| Net income | $1.46B | $994.00M | $2.19B | $2.27B | $1.81B | $2.16B | $2.15B | $735.00M | $3.95B | $2.84B |
| Net margin | 8.3% | 4.9% | 9.2% | 9.6% | 9.1% | 9.0% | 7.7% | 2.2% | 11.6% | 8.4% |
Source: Cummins Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into CMI stock?
At today's market cap of $92.35B, Cummins Inc. is priced for free-cash-flow growth of about 16.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.39B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 1.7%/yr over the last five fiscal years and revenue 11.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Cummins Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Cummins Inc. financial history by metric
About Cummins Inc.
Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas-powered engines; and drivetrain systems, including axles, drivelines, brakes, and suspension systems; and on- and off-highway, and other products. The company also provides aftertreatment technology and solutions comprising custom engineering systems and integrated controls, oxidation catalysts, particulate filters, and selective catalytic reduction systems, as well as engineered components, including dosers; turbochargers, fuel systems, and valvetrain technologies; electronic control modules, sensors, and supporting software; and automated manual transmissions, and automatic transmissions for internal combustion engines. In addition, it sells and offers support services power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines; offers application engineering services, custom-designed assemblies, and in-shop and field-based repair services; and retail and wholesale aftermarket parts. Further, the company offers standby and prime power generators, controls, paralleling systems, and transfer switches; turnkey solutions for distributed generation and energy management applications using natural gas, diesel, battery energy storage systems, and newer alternative sustainable fuels; diesel and natural gas high-speed, high-horsepower engines; and A/C generator/alternator products. Additionally, it provides electrified power systems, including batteries, fuel cells, and electric powertrain technologies. It 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.
Cummins Inc. — frequently asked questions
What is Cummins Inc.'s revenue?
Cummins Inc. (CMI) reported revenue of $33.67B for fiscal year 2025, down 1.3% from the prior year, according to its SEC filings.
Is Cummins Inc. profitable?
Yes. CMI earned net income of $2.84B in fiscal 2025, a net margin of 8.4%.
What is CMI's P/E ratio?
Cummins Inc. trades at a price-to-earnings ratio of about 34.8 based on the latest data in our nightly-refreshed cache.
How fast is Cummins Inc. growing?
CMI's revenue grew at roughly 11.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Cummins Inc. have?
As of fiscal year 2025, CMI carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Cummins Inc.'s gross margin?
CMI's gross margin was 25.3% in fiscal 2025 — gross profit of $8.52B on revenue of $33.67B.
What is Cummins Inc.'s market cap?
Cummins Inc. (CMI) has a market capitalization of about $92.35B, based on the latest data in our nightly-refreshed cache.
When does Cummins Inc.'s fiscal year end?
CMI's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CMI stock?
At today's market cap of $92.35B, Cummins Inc. is priced for free-cash-flow growth of about 16.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.39B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 1.7%/yr over the last five fiscal years and revenue 11.2%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Cummins Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.