balance equationreview2020-12-31
Difference 282000000 exceeds tolerance 22624000.000. Presentation or filing-vintage differences need review.
Revenue
$33.67B
Fiscal year ended 2025-12-31Operating income
$4.02B
Fiscal year ended 2025-12-31Free cash flow
$2.39B
Fiscal year ended 2025-12-31CUMMINS INC (CMI) reported revenue of $33.67B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from CUMMINS INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Engines & Turbines.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.67B | $34.10B | $34.06B | $28.07B | $24.02B | $19.81B | $23.57B | $23.77B | $20.43B | $17.51B |
| Cost of revenue | $25.15B | $25.66B | $25.82B | $21.36B | $18.33B | $14.92B | $17.59B | $18.03B | $15.33B | $13.05B |
| Gross profit | $8.52B | $8.44B | $8.25B | $6.72B | $5.70B | $4.89B | $5.98B | $5.74B | $5.10B | $4.46B |
| Operating income | $4.02B | $3.75B | $1.76B | $2.93B | $2.71B | $2.27B | $2.70B | $2.79B | $2.33B | $1.88B |
| Net income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | $1.40B | $1.46B | $1.50B | $1.28B | $1.09B | $906.00M | $1.00B | $902.00M | $754.00M | $637.00M |
| Weighted-average diluted shares | shares 138.70M | shares 139.10M | shares 142.70M | shares 142.30M | shares 145.90M | shares 149.00M | shares 156.10M | shares 162.80M | shares 167.30M | shares 169.34M |
| Pretax income | $3.96B | $4.90B | $1.63B | $2.82B | $2.75B | $2.34B | $2.83B | $2.75B | $2.36B | $1.93B |
| Income tax expense | $1.01B | $835.00M | $786.00M | $636.00M | $587.00M | $527.00M | $566.00M | $566.00M | $1.37B | $474.00M |
| Diluted EPS | $20.50 | $28.37 | $5.15 | $15.12 | $14.61 | $12.01 | $14.48 | $13.15 | $5.97 | $8.23 |
| Selling, general & administrative | $3.12B | $3.28B | $3.33B | $2.69B | $2.37B | $2.12B | $2.45B | $2.44B | $2.43B | $2.10B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.84B | $1.67B | $2.18B | $2.02B | $2.59B | $3.40B | $1.13B | $1.30B | $1.37B | $1.12B |
| Total assets | $33.99B | $31.54B | $32.00B | $30.30B | $23.71B | $22.62B | $19.74B | $19.06B | $18.08B | $15.01B |
| Current assets | $16.92B | $14.75B | $15.20B | $14.45B | $12.31B | $11.90B | $9.39B | $9.82B | $8.93B | $7.71B |
| Total liabilities | $20.58B | $20.23B | $22.10B | $20.07B | $14.31B | $13.64B | $11.27B | $10.80B | $9.91B | $7.84B |
| Current liabilities | $9.61B | $11.23B | $12.90B | $11.42B | $7.08B | $6.34B | $6.26B | $6.38B | $5.68B | $4.32B |
| Total equity incl. NCI | $13.41B | $11.31B | $9.90B | $9.97B | $9.04B | $8.71B | $8.41B | $8.26B | $8.16B | $7.17B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | $0 | $258.00M | $366.00M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $5.82B | $5.74B | $5.68B | $5.60B | $4.36B | $3.42B | $3.49B | $3.76B | $3.17B | $2.68B |
| Accounts receivable | $5.82B | $5.18B | $5.58B | $5.20B | $3.56B | $3.44B | $3.39B | Unavailable | Unavailable | Unavailable |
| Goodwill | $2.22B | $2.37B | $2.50B | $2.34B | $1.29B | $1.29B | $1.29B | $1.13B | $1.08B | $480.00M |
| Long-term debt | $6.79B | $4.78B | $4.80B | $4.50B | $3.58B | $3.61B | $1.58B | $1.60B | $1.59B | $1.57B |
| Accounts payable | $3.80B | $3.95B | $4.26B | $4.25B | $3.02B | $2.82B | $2.53B | $2.82B | $2.58B | $1.85B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.62B | $1.49B | $3.97B | $1.96B | $2.26B | $2.72B | $3.18B | $2.38B | $2.28B | $1.94B |
| Capital expenditures | $1.24B | $1.21B | $1.21B | $916.00M | $734.00M | $528.00M | $700.00M | $709.00M | $506.00M | $531.00M |
| Investing cash flow | -$1.73B | -$1.78B | -$1.64B | -$4.17B | -$873.00M | -$719.00M | -$1.15B | -$974.00M | -$1.05B | -$917.00M |
| Financing cash flow | -$772.00M | -$173.00M | -$2.18B | $1.67B | -$2.23B | $280.00M | -$2.10B | -$1.40B | -$1.07B | -$1.41B |
| Net change in cash | $1.17B | -$508.00M | $78.00M | -$491.00M | -$809.00M | $2.27B | -$174.00M | -$66.00M | $249.00M | Unavailable |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | $37.00M | $31.00M | $49.00M | $53.00M | $41.00M | $32.00M |
| Common dividends paid | $1.06B | $969.00M | $921.00M | $855.00M | $809.00M | $782.00M | $761.00M | $718.00M | $701.00M | $676.00M |
| Common share repurchases | Unavailable | $0 | $0 | $374.00M | $1.40B | $641.00M | $1.27B | $1.14B | $451.00M | $778.00M |
| Depreciation & amortization | $1.10B | $1.06B | $1.02B | $784.00M | $662.00M | $673.00M | $672.00M | $611.00M | $583.00M | $530.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.39B | $279.00M | $2.75B | $1.05B | $1.52B | $2.19B | $2.48B | $1.67B | $1.77B | $1.41B |
| Gross margin | 25.3% | 24.7% | 24.2% | 23.9% | 23.7% | 24.7% | 25.4% | 24.1% | 25.0% | 25.5% |
| Operating margin | 12.0% | 11.0% | 5.2% | 10.4% | 11.3% | 11.5% | 11.5% | 11.7% | 11.4% | 10.7% |
| FCF margin | 7.1% | 0.8% | 8.1% | 3.7% | 6.3% | 11.1% | 10.5% | 7.0% | 8.7% | 8.0% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.2% | 0.2% | 0.2% | 0.2% |
| Current ratio | 1.76x | 1.31x | 1.18x | 1.27x | 1.74x | 1.88x | 1.50x | 1.54x | 1.57x | 1.78x |
| Revenue YoY growth | -1.3% | 0.1% | 21.3% | 16.9% | 21.3% | -16.0% | -0.8% | 16.4% | 16.7% | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | 4.1% | 4.3% | 4.4% | 4.6% | 4.5% | 4.6% | 4.2% | 3.8% | 3.7% | 3.6% |
| CapEx / revenue | 3.7% | 3.5% | 3.6% | 3.3% | 3.1% | 2.7% | 3.0% | 3.0% | 2.5% | 3.0% |
| Long-term debt / equity | 0.51x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 25.4% | 17.0% | 48.3% | 22.6% | 21.3% | 22.5% | 20.0% | 20.6% | 58.0% | 24.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CMI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-10View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-05View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2019-12-31
Difference 58000000 exceeds tolerance 19737000.000. Presentation or filing-vintage differences need review.