CMI
Income statement / Annual
Last year (2023), Cummins Inc.'s total revenue was $34.07 B,
an increase of 21.34% from the previous year.
In 2023, Cummins Inc.'s net income was $735.00 M.
See Cummins Inc.�s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$34.07 B
|
$28.07 B
|
$24.02 B
|
$19.81 B
|
$23.57 B
|
$23.77 B
|
$20.43 B
|
$17.51 B
|
$19.11 B
|
$19.22 B
|
| Cost of Revenue |
$25.82 B |
$21.36 B |
$18.33 B |
$14.92 B |
$17.59 B |
$18.03 B |
$15.34 B |
$13.06 B |
$14.16 B |
$14.36 B |
| Gross Profit |
$8.25 B |
$6.72 B |
$5.70 B |
$4.89 B |
$5.98 B |
$5.74 B |
$5.09 B |
$4.45 B |
$4.95 B |
$4.86 B |
| Gross Profit Ratio |
0.24 |
0.24 |
0.24 |
0.25 |
0.25 |
0.24 |
0.25 |
0.25 |
0.26 |
0.25 |
| Research and Development
Expenses |
$1.50 B
|
$1.28 B
|
$1.09 B
|
$906.00 M
|
$1.00 B
|
$902.00 M
|
$752.00 M
|
$636.00 M
|
$735.00 M
|
$754.00 M
|
| General & Administrative
Expenses |
$3.21 B
|
$2.65 B
|
$2.37 B
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$38.00 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$3.21 B
|
$2.69 B
|
$2.37 B
|
$2.13 B
|
$2.45 B
|
$2.44 B
|
$2.39 B
|
$2.05 B
|
$2.09 B
|
$2.10 B
|
| Other Expenses |
$1.78 B |
$174.00 M |
$31.00 M |
$46.00 M |
$36.00 M |
$46.00 M |
$63.00 M |
$48.00 M |
$9.00 M |
$110.00 M |
| Operating Expenses |
$6.49 B |
$4.14 B |
$3.50 B |
$3.08 B |
$3.49 B |
$3.35 B |
$3.08 B |
$2.69 B |
$2.90 B |
$2.87 B |
| Cost And Expenses |
$32.30 B |
$25.49 B |
$21.82 B |
$17.99 B |
$21.08 B |
$21.38 B |
$18.42 B |
$15.74 B |
$17.07 B |
$17.23 B |
| Interest Income |
$239.00 M |
$49.00 M |
$25.00 M |
$74.00 M |
$46.00 M |
$35.00 M |
$18.00 M |
$23.00 M |
$24.00 M |
$23.00 M |
| Interest Expense |
$375.00 M |
$199.00 M |
$111.00 M |
$100.00 M |
$109.00 M |
$114.00 M |
$81.00 M |
$69.00 M |
$65.00 M |
$64.00 M |
| Depreciation &
Amortization |
$1.02 B
|
$784.00 M
|
$662.00 M
|
$670.00 M
|
$669.00 M
|
$608.00 M
|
$579.00 M
|
$526.00 M
|
$514.00 M
|
$455.00 M
|
| EBITDA |
$3.03 B
|
$3.80 B
|
$2.86 B
|
$3.13 B
|
$3.62 B
|
$3.49 B
|
$3.04 B
|
$2.53 B
|
$2.60 B
|
$2.50 B
|
| EBITDA Ratio |
0.09 |
0.11 |
0.12 |
0.12 |
0.13 |
0.12 |
0.12 |
0.12 |
0.13 |
0.13 |
| Operating Income Ratio
|
0.05
|
0.08
|
0.11
|
0.09
|
0.11
|
0.12
|
0.12
|
0.11
|
0.11
|
0.12
|
| Total Other
Income/Expenses Net |
-$135.00 M
|
-$110.00 M
|
$45.00 M
|
$69.00 M
|
$134.00 M
|
-$33.00 M
|
$31.00 M
|
$50.00 M
|
-$32.00 M
|
$69.00 M
|
| Income Before Tax |
$1.63 B |
$2.82 B |
$2.75 B |
$2.34 B |
$2.83 B |
$2.75 B |
$2.37 B |
$1.93 B |
$2.03 B |
$2.43 B |
| Income Before Tax Ratio
|
0.05
|
0.1
|
0.11
|
0.12
|
0.12
|
0.12
|
0.12
|
0.11
|
0.11
|
0.13
|
| Income Tax Expense |
$786.00 M |
$636.00 M |
$587.00 M |
$527.00 M |
$566.00 M |
$566.00 M |
$1.37 B |
$474.00 M |
$555.00 M |
$698.00 M |
| Net Income |
$735.00 M |
$2.15 B |
$2.13 B |
$1.79 B |
$2.26 B |
$2.14 B |
$999.00 M |
$1.39 B |
$1.40 B |
$1.65 B |
| Net Income Ratio |
0.02 |
0.08 |
0.09 |
0.09 |
0.1 |
0.09 |
0.05 |
0.08 |
0.07 |
0.09 |
| EPS |
5.19 |
15.2 |
14.74 |
12.07 |
14.54 |
13.2 |
6 |
8.25 |
7.86 |
9.04 |
| EPS Diluted |
5.15 |
15.12 |
14.61 |
12.01 |
14.48 |
13.15 |
5.97 |
8.23 |
7.84 |
9.02 |
| Weighted Average Shares
Out |
$141.70 M
|
$141.50 M
|
$144.60 M
|
$148.20 M
|
$155.40 M
|
$162.20 M
|
$166.60 M
|
$169.00 M
|
$178.00 M
|
$182.70 M
|
| Weighted Average Shares
Out Diluted |
$142.70 M
|
$142.30 M
|
$145.90 M
|
$149.00 M
|
$156.10 M
|
$162.80 M
|
$167.30 M
|
$169.30 M
|
$178.40 M
|
$183.10 M
|
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