Cummins Inc
CMI- Exchange
- NYSE
- Industry
- Engines & Turbines
- SEC CIK
- 0000026172
In the last 90 days, Cummins Inc insiders filed 0 open-market purchases and 1 sale; 2,117 institutions reported holding it in 13F filings for Q2 2026, worth $83.8B in total; Semper Augustus is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:27 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 4, 2025 | Feb 6, 2024 | Feb 6, 2023 | Feb 3, 2022 |
| Revenue | $33.7B | $34.1B | $34.1B | $28.1B | $24.0B |
| Cost of revenue | $25.2B | $25.7B | $25.8B | $21.4B | $18.3B |
| Gross profit | $8.52B | $8.44B | $8.25B | $6.72B | $5.70B |
| Research and development | $1.40B | $1.46B | $1.50B | $1.28B | $1.09B |
| Selling, general and administrative | $3.13B | $3.27B | $3.33B | $2.69B | $2.37B |
| Operating income | $4.03B | $3.75B | $1.76B | $2.93B | $2.71B |
| Interest expense | $329.0M | $370.0M | $375.0M | $199.0M | $111.0M |
| Income tax | $1.01B | $835.0M | $786.0M | $636.0M | $587.0M |
| Net income | $2.96B | $4.07B | $840.0M | $2.18B | $2.16B |
| EPS, basic | $20.62 | $28.55 | $5.19 | $15.20 | $14.74 |
| EPS, diluted | $20.50 | $28.37 | $5.15 | $15.12 | $14.61 |
| Weighted shares, basic | 137.9M | 138.2M | 141.7M | 141.5M | 144.6M |
| Weighted shares, diluted | 138.7M | 139.1M | 142.7M | 142.3M | 145.9M |
| Margins and growth | |||||
| Gross margin | 25.3% | 24.7% | 24.2% | 23.9% | 23.7% |
| Operating margin | 12.0% | 11.0% | 5.2% | 10.4% | 11.3% |
| Net margin | 8.8% | 11.9% | 2.5% | 7.8% | 9.0% |
| Revenue growth, year over year | −1.3% | +0.1% | +21.3% | +16.9% | +21.3% |
| Net income growth, year over year | −27.3% | +384.3% | −61.5% | +0.9% | +19.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 4, 2025 | Feb 6, 2024 | Feb 6, 2023 | Feb 3, 2022 |
| Cash and equivalents | – | – | – | $2.10B | $2.59B |
| Short-term investments | $764.0M | $593.0M | $562.0M | $472.0M | $595.0M |
| Inventory | $5.82B | $5.74B | $5.68B | $5.60B | $4.36B |
| Total current assets | $16.9B | $14.8B | $15.2B | $14.5B | $12.3B |
| Property, plant and equipment | $6.96B | $6.36B | $6.25B | $5.52B | $4.42B |
| Goodwill | $2.22B | $2.37B | $2.50B | $2.34B | $1.29B |
| Intangible assets | $2.17B | $2.35B | $2.52B | $2.69B | $900.0M |
| Total assets | $34.0B | $31.5B | $32.0B | $30.3B | $23.7B |
| Accounts payable | $3.80B | $3.95B | $4.26B | $4.25B | $3.02B |
| Short-term debt | $94.0M | $660.0M | $118.0M | $573.0M | $59.0M |
| Total current liabilities | $9.61B | $11.2B | $12.9B | $11.4B | $7.08B |
| Total liabilities | $20.6B | $20.2B | $22.1B | $20.1B | $14.3B |
| Shareholders' equity | $13.4B | $11.3B | $9.90B | $9.97B | $9.40B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 4, 2025 | Feb 6, 2024 | Feb 6, 2023 | Feb 3, 2022 |
| Operating cash flow | $3.62B | $1.49B | $3.97B | $1.96B | $2.26B |
| Capital expenditures | $1.24B | $1.21B | $1.21B | $916.0M | $734.0M |
| Free cash flow | $2.39B | $279.0M | $2.75B | $1.05B | $1.52B |
| Depreciation and amortization | $1.10B | $1.06B | $1.02B | $784.0M | $662.0M |
| Stock-based compensation | $93.0M | $100.0M | $79.0M | $33.0M | $37.0M |
| Dividends paid | $1.05B | $969.0M | $921.0M | $855.0M | $809.0M |
| Share buybacks | – | $0 | $0 | $374.0M | $1.40B |
| Investing cash flow | -$1.73B | -$1.78B | -$1.64B | -$4.17B | -$873.0M |
| Financing cash flow | -$772.0M | -$173.0M | -$2.18B | $1.67B | -$2.23B |
| Net change in cash | $1.17B | -$508.0M | $78.0M | -$491.0M | -$809.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.3% | 0.3% | 0.2% | 0.1% | 0.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 137.1M | −0.7% | SEC |
| Jun 30, 2026 | 137.7M | −0.1% | SEC |
| Mar 31, 2026 | 138.0M | +0.2% | SEC |
| Jan 31, 2026 | 138.2M | +0.5% | SEC |
| Sep 30, 2025 | 138.0M | +0.6% | SEC |
| Jun 30, 2025 | 137.8M | +0.5% | SEC |
| Mar 31, 2025 | 137.8M | +0.7% | SEC |
| Jan 31, 2025 | 137.5M | −3.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.