Cummins Inc. (CMI) income statement
NYSE · Industrials · Industrial - Machinery · 67,400 employees · CEO Jennifer W. Rumsey
- Price
- $500.09 -3.46%
- Market cap
- $68.8B
- Enterprise value
- $74B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-05 EPS est. $8.21
Cummins Inc. (CMI) reported revenue of $9.46B for Q2 '26 (+9.4% year on year), operating income of $1.28B (13.5% of revenue) and net income of $932M. Over the last four quarters revenue was $34.7B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.43B | $8.54B | $8.4B | $8.8B | $8.46B | $8.45B | $8.17B | $8.64B | $8.32B | $8.54B | $8.4B | $9.46B | |
| Cost of revenue | $6.36B | $6.54B | $6.36B | $6.6B | $6.29B | $6.41B | $6.02B | $6.36B | $6.19B | $6.59B | $6.16B | $6.99B | |
| Gross profit | $2.07B | $2B | $2.04B | $2.19B | $2.17B | $2.03B | $2.16B | $2.28B | $2.13B | $1.95B | $2.24B | $2.47B | |
| Research & development | $376M | $390M | $369M | $379M | $359M | $356M | $344M | $357M | $345M | $350M | $358M | $385M | |
| Sales & marketing | $0 | $0 | $0 | -$2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $0 | $809M | $830M | $0 | $0 | $754M | $0 | $0 | $0 | $845M | $0 | |
| Other operating expenses | -$86M | $2.07B | -$60M | -$59M | -$45M | $145M | -$77M | -$81M | $0 | $175M | $91M | -$92M | |
| Operating expenses | $1.12B | $3.21B | $1.12B | $1.15B | $1.12B | $1.3B | $1.02B | $1.06B | $1.13B | $1.31B | $1.29B | $1.19B | |
| Operating income | $950M | -$1.21B | $923M | $1.05B | $1.05B | $732M | $1.13B | $1.23B | $995M | $640M | $949M | $1.28B | |
| Interest income | $72M | $56M | $52M | $53M | $47M | $34M | $60M | $52M | $51M | $48M | $57M | $0 | |
| Interest expense | $97M | $92M | $89M | $109M | $83M | $89M | $77M | $87M | $83M | $82M | $76M | $80M | |
| Other non-operating income (gains on investments, FX ...) | -$25M | -$74M | -$1.39B | -$41M | -$76M | -$19M | -$60M | -$86M | $82M | -$233M | $61M | $94M | |
| Total non-operating income | -$72M | -$18M | $1.3B | -$68M | -$7M | -$70M | -$17M | -$1M | -$165M | $151M | -$15M | $14M | |
| Income before tax | $878M | -$1.23B | $2.22B | $977M | $1.04B | $662M | $1.12B | $1.23B | $830M | $791M | $934M | $1.29B | |
| Income tax | $188M | $163M | $193M | $225M | $200M | $217M | $267M | $297M | $271M | $171M | $254M | $325M | |
| Net income | $656M | -$1.43B | $1.99B | $726M | $809M | $418M | $824M | $890M | $536M | $593M | $654M | $932M | |
| EPS (basic) | $4.63 | -$10.08 | $14.10 | $5.30 | $5.90 | $3.04 | $5.99 | $6.46 | $3.88 | $4.29 | $4.73 | $6.75 | |
| EPS (diluted) | $4.59 | -$10.08 | $14.03 | $5.26 | $5.86 | $3.02 | $5.96 | $6.42 | $3.85 | $4.27 | $4.71 | $6.73 | |
| Shares (basic, weighted) | 142M | 142M | 141M | 137M | 137M | 137M | 138M | 138M | 138M | 138M | 138M | 138M | |
| Shares (diluted, weighted) | 143M | 142M | 142M | 138M | 138M | 138M | 138M | 138M | 139M | 139M | 139M | 139M | |
| Depreciation & amortization | $257M | $264M | $265M | $263M | $266M | $271M | $269M | $279M | $277M | $280M | $282M | $281M | |
| EBITDA | $1.23B | -$874M | $2.58B | $1.35B | $1.39B | $1.02B | $1.46B | $1.59B | $1.19B | $1.15B | $1.17B | $1.47B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.5B | $20.4B | $23.8B | $23.6B | $19.8B | $24B | $28.1B | $34.1B | $34.1B | $33.7B | |
| Cost of revenue | $13.1B | $15.3B | $18B | $17.6B | $14.9B | $18.3B | $21.4B | $25.8B | $25.7B | $25.2B | |
| Gross profit | $4.46B | $5.1B | $5.74B | $5.98B | $4.89B | $5.7B | $6.72B | $8.25B | $8.44B | $8.52B | |
| Research & development | $636M | $752M | $902M | $1B | $906M | $1.09B | $1.28B | $1.5B | $1.46B | $1.4B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $2.37B | $2.69B | $3.33B | $3.28B | $0 | |
| Other operating expenses | -$158M | -$417M | -$388M | -$175M | -$406M | -$475M | -$175M | $1.66B | -$49M | -$30M | |
| Operating expenses | $2.58B | $2.77B | $2.95B | $3.28B | $2.63B | $2.99B | $3.79B | $6.49B | $4.69B | $4.49B | |
| Operating income | $1.88B | $2.33B | $2.79B | $2.7B | $2.27B | $2.71B | $2.93B | $1.76B | $3.75B | $4.03B | |
| Interest income | $64M | $67M | $58M | $59M | $95M | $82M | $125M | $239M | $186M | $106M | |
| Interest expense | $69M | $81M | $114M | $109M | $100M | $111M | $199M | $375M | $370M | $329M | |
| Other non-operating income (gains on investments, FX ...) | -$119M | -$112M | -$81M | -$243M | -$169M | -$156M | -$89M | -$240M | -$1.52B | -$267M | |
| Total non-operating income | $50M | $31M | -$33M | $134M | $69M | $45M | -$110M | -$135M | $1.15B | -$62M | |
| Income before tax | $1.93B | $2.37B | $2.75B | $2.83B | $2.34B | $2.75B | $2.82B | $1.63B | $4.9B | $3.96B | |
| Income tax | $474M | $1.37B | $566M | $566M | $527M | $587M | $636M | $786M | $835M | $1.01B | |
| Net income | $1.39B | $999M | $2.14B | $2.26B | $1.79B | $2.13B | $2.15B | $735M | $3.95B | $2.84B | |
| EPS (basic) | $8.25 | $6.00 | $13.20 | $14.54 | $12.07 | $14.74 | $15.20 | $5.19 | $28.55 | $20.62 | |
| EPS (diluted) | $8.23 | $5.97 | $13.15 | $14.48 | $12.01 | $14.61 | $15.12 | $5.15 | $28.37 | $20.50 | |
| Shares (basic, weighted) | 169M | 167M | 162M | 155M | 148M | 145M | 142M | 142M | 138M | 138M | |
| Shares (diluted, weighted) | 169M | 167M | 163M | 156M | 149M | 146M | 142M | 143M | 139M | 139M | |
| Depreciation & amortization | $530M | $583M | $611M | $672M | $673M | $662M | $784M | $1.02B | $1.07B | $1.11B | |
| EBITDA | $2.53B | $3.03B | $3.48B | $3.62B | $3.11B | $3.52B | $3.8B | $3.03B | $6.34B | $5.4B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01