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Cummins Inc. CMI

19 fiscal years on record · USD · FY2025 reported · SEC filings only
8 YEARS OF DIVIDEND GROWTH
$33.7B
▼ 1.3% YoY
$3.0B
▼ 27.3% YoY
$2.4B
▲ 755.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Cummins Inc. produces diesel, electric and hybrid powertrains, integrated power generation systems, components such as aftertreatment systems, turbochargers, fuel systems, controls, transmissions, axles and brakes, and battery and electric powertrain systems. The company serves its customers through a service network of approximately 640 wholly-owned, joint venture and independent distributor locations and more than 13,000 Cummins certified dealer locations in approximately 190 countries and territories. At December 31, 2025, it employed approximately 67,400 persons worldwide, approximately 20,000 of whom were represented by various unions under collective bargaining agreements. PACCAR is the company's largest customer, accounting for 13 percent of consolidated net sales in 2025. Cummins has five reportable segments: Engine, Components, Distribution, Power Systems and Accelera. The Engine segment manufactures and markets diesel, natural gas and gasoline-powered engines under the Cummins brand name and certain customer brand names for the heavy-duty truck, medium-duty truck and bus, light-duty automotive and off-highway markets. The Components segment designs, manufactures and supplies drivetrain and braking systems, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, automated transmissions and electronics. The business was founded in 1919 as Cummins Engine Company in Columbus, Indiana, and changed its name to Cummins Inc. in 2001.

Written from the business description in CUMMINS INC's annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth

USD 33.7B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 33.7 · Net income 3.0
15B30B
2007201020132016201920222025
Compound annual growth
+6.2%
+11.2%
+5.8%
+6.4%
+10.6%
+10.3%
+7.2%
+6.6%
+10.7%
+11.3%
+10.1%
+9.5%
+8.1%
+7.7%
−2.8%
−4.6%
−3.6%
+7.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.2% a year over the five years to FY2025 — but profit grew slower: net income at +10.3%, earnings per share at +11.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.0% · Net 8.8%
5%10%
200720162025
ROE
FY2010 · ROE 24.6%
10%20%
200720162025
Three returns, three denominators.
Return on equityNot available: we don't have a clean profit figure for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 18%.

Cash & shareholders

USD 1.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.4
1B2B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.1 · Net buybacks ·
1B2BDividendsNet buybacks
2007201020132016201920222025

USD 1.1B in dividends — Not available: we don't have a clean profit figure for this period.

Total assetsUSD 34.0B
EquityUSD 12.3B
CashUSD 2.8B
Gross debtUSD 6.9B
Net debtUSD 4.0B
Current ratio1.76×

Net debt stands at 33% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CMI, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B33.734.134.128.124.019.823.623.820.417.519.119.217.317.318.013.210.814.313.0
Operating income $B4.03.81.82.92.72.32.72.82.31.92.12.42.12.32.71.60.71.31.2
EBITDA $B5.14.82.83.73.42.93.43.42.92.42.62.82.52.63.01.91.01.5◌
Income tax $B1.00.80.80.60.60.50.60.61.40.50.60.70.50.50.70.50.20.40.4
Net income $B3.04.10.82.22.21.82.32.21.01.51.51.71.61.71.91.10.50.80.7
Free cash flow $B2.40.32.81.01.52.22.51.71.81.41.31.51.40.81.50.60.80.40.5
EPS, diluted $20.5028.375.1515.1214.6112.0114.4813.155.978.237.849.027.918.679.555.282.163.843.70
Dividend / sh $7.647.006.506.045.605.284.904.444.21◌◌◌◌◌◌◌◌◌◌
Payout %◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌17331612
ROE %◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌24.612.221.820.0

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityEngines & Turbines
Listed onNYSE
Incorporated inIndiana
Fiscal year endsDecember 31
Data on record since2007

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