CUMMINS INC

Listed Company

CMICIK 0000026172NYSELarge AcceleratedEngines & TurbinesIndianaFY ends Dec 31

Period

FY 2025

Revenue

$33.67B

Net Income

$2.96B

Total Assets

$33.99B

Equity

$12.35B

Shares Out

137.99M

Op. Cash Flow

$3.62B

CMI$648.28+86.17% · past yearDBEQ Basic

Daily closing prices

Business

Cummins Inc. is a global power leader that designs, manufactures and markets diesel, natural gas, gasoline and electric powertrains; power generation systems; and critical components including aftertreatment, turbochargers, fuel systems, transmissions and brakes. The company operates through five reportable segments: Engine, Components, Distribution, Power Systems and Accelera, serving original equipment manufacturers, distributors, dealers and end-users across heavy-duty truck, medium-duty truck and bus, light-duty automotive, off-highway industrial and power generation markets worldwide. Products are distributed through approximately 640 wholly-owned, joint venture and independent distributor locations and over 13,000 certified dealer locations in approximately 190 countries and territories.

Summary from 10-K filed 2026-02-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	33,670	34,102	34,065	28,074	24,021
Cost of sales	25,154	25,663	25,816	21,355	18,326
Gross Margin	8,516	8,439	8,249	6,719	5,695
Selling, general and administrative expenses	3,125	3,275	3,333	2,687	2,374
Research, development and engineering expenses	1,396	1,463	1,500	1,278	1,090
Equity, royalty and interest income from investees	469	395	483	349	506
Other operating expense, net	439	346	2,138	174	31
OPERATING INCOME	4,025	3,750	1,761	2,929	2,706
Interest expense	329	370	375	199	111
Other income, net (Note 21)	267	1,523	240	89	156
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax	3,963	4,903	1,626	2,819	2,751
Income tax expense (Note 4)	1,006	835	786	636	587
CONSOLIDATED NET INCOME	2,957	4,068	840	2,183	2,164
Less: Net income attributable to noncontrolling interests	114	122	105	32	33
Cummins share of net income	2,843	3,946	735	2,151	2,131
Basic (in dollars per share)	20.62	28.55	5.19	15.2	14.74
Diluted (in dollars per share)	20.5	28.37	5.15	15.12	14.61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Common stock, shares authorized	500	500	500	500	500
Common stock, shares issued	223	223	223	223	223
Treasury Stock, Common, Shares	84	85	81	81	—
Cash and cash equivalents	2,845	1,671	2,179	2,101	2,592
Marketable securities (Note 5)	764	593	562	472	595
Cash, cash equivalents and marketable securities	3,609	2,264	2,741	2,573	3,187
Trade and other	5,818	5,181	5,583	5,202	3,565
Inventories (Note 6)	5,822	5,742	5,677	5,603	4,355
Prepaid expenses and other current assets	1,676	1,565	1,197	1,073	777
Total current assets	16,925	14,752	15,198	14,451	12,309
Property, plant and equipment, net (Note 7)	6,958	6,356	6,249	5,521	4,422
Investments and advances related to equity method investees (Note 3)	2,133	1,889	1,800	1,759	1,538
Goodwill (Note 9)	2,200	2,370	2,499	2,343	1,287
Other intangible assets, net (Note 9)	2,167	2,351	2,519	2,687	900
Pension assets (Note 10)	1,033	1,189	1,197	1,398	1,488
Other assets (Note 11)	2,552	2,633	2,543	2,140	1,766
Total assets	33,992	31,540	32,005	30,299	23,710
Accounts payable (principally trade)	3,800	3,951	4,260	4,252	3,021
Loans payable (Note 12)	313	356	280	210	208
Commercial paper (Note 12)	353	1,300	1,500	2,574	313
Current maturities of long-term debt (Note 12)	94	660	118	573	59
Accrued compensation, benefits and retirement costs	825	1,084	1,108	617	683
Current portion of accrued product warranty (Note 13)	693	679	667	726	755
Current portion of deferred revenue (Note 2)	1,606	1,347	1,220	1,004	855
Other accrued expenses (Note 11)	1,926	1,898	3,754	1,465	1,190
Total current liabilities	9,610	11,234	12,903	11,421	7,084
Long-term debt (Note 12)	6,792	4,784	4,802	4,498	3,579
Deferred revenue (Note 2)	1,054	1,065	966	844	850
Other liabilities (Note 11)	3,128	3,149	3,430	3,311	2,796
Total liabilities	20,584	20,232	22,101	20,074	14,309
Commitments and contingencies (Note 14)	—	—	—	—	—
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued	2,673	2,636	2,564	2,243	2,099
Retained earnings	22,616	20,828	17,851	18,037	16,741
Treasury stock, at cost, 84.4 and 85.1 shares	−10,662	−10,748	−9,359	−9,415	−9,123
Accumulated other comprehensive loss (Note 16)	−2,278	−2,445	−2,206	−1,890	−1,571
Total Cummins Inc. shareholders' equity	12,349	10,271	8,850	8,975	8,146
Noncontrolling interests (Note 17)	1,059	1,037	1,054	992	889
Total equity	13,408	11,308	9,904	9,967	9,035
Total liabilities and equity	33,992	31,540	32,005	30,299	23,710

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain related to divestiture of Atmus (Note 21)	0	−1,333	0	0	—
Depreciation and amortization	1,105	1,065	1,024	784	662
Deferred income taxes (Note 4)	86	−209	−457	−274	7
Equity in income of investees, net of dividends	−55	13	−81	64	−83
Pension and OPEB expense (Note 10)	79	38	8	24	83
Pension contributions and OPEB payments (Note 10)	−55	−90	−134	−85	−102
Accounts and notes receivable	−612	298	−330	−697	−174
Inventories	−39	−402	0	−567	−945
Other current assets	−66	−305	−120	−109	2
Accounts Payable	−148	−183	−66	538	217
Accrued expenses	4	−1,573	2,934	−170	541
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item	365	100	348	160	—
Net cash provided by operating activities	3,621	1,487	3,966	1,962	2,256
Capital expenditures	−1,235	−1,208	−1,213	−916	−734
Investments in and net advances (to) from equity investees	−196	−214	14	−54	−48
Acquisition of businesses, net of cash acquired (Note 23)	−12	−58	−292	−3,191	0
Investments in marketable securitiesacquisitions	−1,627	−1,500	−1,409	−1,073	−806
Investments in marketable securitiesliquidations (Note 5)	1,450	1,460	1,334	1,151	673
Cash associated with Atmus divestiture	0	−174	0	0	—
Other, net	−111	−88	−77	−89	−6
Net cash used in investing activities	−1,731	−1,782	−1,643	−4,172	−873
Proceeds from borrowings	2,335	2,720	861	2,103	79
Net payments of commercial paper	−906	−237	−779	2,261	−10
Payments on borrowings and finance lease obligations	−975	−1,568	−1,136	−1,550	−73
Dividend payments on common stock (Note 15)	−1,055	−969	−921	−855	−809
Payments for purchase of redeemable noncontrolling interests	−110	−50	−175	0	0
Other, net	−61	−69	−27	84	−12
Net cash used in financing activities	−772	−173	−2,177	1,669	−2,227
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	56	−40	−68	50	35
Net increase (decrease) in cash and cash equivalents	1,174	−508	78	−491	−809

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is CUMMINS INC's CIK number?

CUMMINS INC's SEC CIK number is 0000026172 (26172). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CUMMINS INC's SEC filings?

All of CUMMINS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CUMMINS INC last report earnings?

CUMMINS INC (CMI) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000026172-26-000013). This is CUMMINS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is CUMMINS INC's most recent earnings 8-K?

CUMMINS INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000026172-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CUMMINS INC's latest earnings 8-K →
Look up any company's CIK number →