Cummins Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.67B | $34.10B | $34.07B | $28.07B | $24.02B | $19.81B | $23.57B | $23.77B |
| Cost of Revenue | $25.15B | $25.66B | $25.82B | $21.36B | $18.33B | $14.92B | $17.59B | $18.03B |
| Gross Profit | $8.52B | $8.44B | $8.25B | $6.72B | $5.70B | $4.89B | $5.98B | $5.74B |
| Gross Margin | 25.3% | 24.7% | 24.2% | 23.9% | 23.7% | 24.7% | 25.4% | 24.1% |
| Operating Expenses | ||||||||
| Research & Development | $1.40B | $1.46B | $1.50B | $1.28B | $1.09B | $906.0M | $1.00B | $902.0M |
| SG&A Expense | $3.13B | $3.28B | $3.33B | $2.69B | $2.37B | $2.13B | $2.45B | $2.44B |
| Operating Income | $4.03B | $3.75B | $1.76B | $2.93B | $2.71B | $2.27B | $2.70B | $2.79B |
| Operating Margin | 12.0% | 11.0% | 5.2% | 10.4% | 11.3% | 11.5% | 11.5% | 11.7% |
| Interest Expense | $329.0M | $370.0M | $375.0M | $199.0M | $111.0M | $100.0M | $109.0M | $114.0M |
| Pretax Income | $3.96B | $4.90B | $1.63B | $2.82B | $2.75B | $2.34B | $2.83B | $2.75B |
| Income Tax Expense | $1.01B | $835.0M | $786.0M | $636.0M | $587.0M | $527.0M | $566.0M | $566.0M |
| Net Income | $2.96B | $4.07B | $840.0M | $2.18B | $2.16B | $1.81B | $2.27B | $2.19B |
| Net Margin | 8.8% | 11.9% | 2.5% | 7.8% | 9.0% | 9.1% | 9.6% | 9.2% |
| EPS (Basic) | $20.62 | $28.55 | $5.19 | $15.20 | $14.74 | $12.07 | $14.54 | $13.20 |
| EPS (Diluted) | $20.50 | $28.37 | $5.15 | $15.12 | $14.61 | $12.01 | $14.48 | $13.15 |
| Shares Outstanding (Basic) | 137.9M | 138.2M | 141.7M | 141.5M | 144.6M | 148.2M | 155.4M | 162.2M |
| Shares Outstanding (Diluted) | 138.7M | 139.1M | 142.7M | 142.3M | 145.9M | 149.0M | 156.1M | 162.8M |
| Dividends Per Share | $7.64 | $7.00 | $6.50 | $6.04 | $5.60 | $5.28 | $4.90 | $4.44 |