Cummins Inc. (CMI) Financial Statements
Cummins financial statements at a glance
Cummins reported revenue of $33.67 billion for fiscal year 2025 (ended December 31, 2025), down 1.3% from fiscal year 2024. Net income was $2.84 billion, a net margin of 8.4%.
At the end of fiscal year 2025 it had total assets of $33.99 billion, total liabilities of $21.64 billion and shareholders' equity of $12.35 billion, with total debt of $7.55 billion.
Its operations brought in $3.62 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Cummins Inc.
Income Statement
Annual • USD
Cummins key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $33.7B | $34.1B | $34.1B | $28.1B | $24.0B |
| Gross profit | $8.7B | $8.6B | $8.2B | $6.7B | $5.7B |
| Operating income | $4.0B | $5.1B | $1.8B | $2.9B | $2.2B |
| Net income | $2.8B | $3.9B | $735.0M | $2.2B | $2.1B |
| Diluted EPS | – | – | – | – | $14.61 |
| Total assets | $34.0B | $31.5B | $32.0B | $30.3B | $23.7B |
| Total liabilities | $21.6B | $21.3B | $23.2B | $21.3B | $14.3B |
| Shareholders' equity | $12.3B | $10.3B | $8.9B | $9.0B | $8.1B |
| Cash | – | – | – | – | $2.6B |
| Total debt | $7.6B | $7.1B | $6.7B | $7.9B | $4.6B |
| Operating cash flow | $3.6B | $1.5B | $4.0B | $2.0B | $2.3B |
| Capital spending | – | – | – | – | $734.0M |
| Free cash flow | – | – | – | – | $1.5B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Cummins's revenue in fiscal year 2025?
$33.67 billion, down 1.3% from $34.10 billion in fiscal year 2024.
How much profit does Cummins make?
Cummins reported net income of $2.84 billion for fiscal year 2025 (8.4% of revenue); operating income was $4.03 billion.
How much cash and debt does Cummins have?
At the end of fiscal year 2025: total debt of $7.55 billion.
