Cummins income statement

In fiscal 2025, Cummins reported revenue of $33.67bn, down 1.3% on the year before, operating income of $4.03bn (a 12.0% margin) and net income of $2.84bn, or $20.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cummins: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	10.8	13.2	18.0	17.3	17.3	19.2	19.1	17.5	20.4	23.8	23.6	19.8	24.0	28.1	34.1	34.1	33.7	34.7
Cost of revenue	8.6	10.1	13.5	12.9	13.0	14.4	14.2	13.1	15.3	18.0	17.6	14.9	18.3	21.4	25.8	25.7	25.2	25.9
Gross profit	2.2	3.2	4.6	4.4	4.3	4.9	4.9	4.5	5.1	5.7	6.0	4.9	5.7	6.7	8.2	8.4	8.5	8.8
Research and development	0.4	0.4	0.6	0.7	0.7	0.8	0.7	0.6	0.8	0.9	1.0	0.9	1.1	1.3	1.5	1.5	1.4	1.4
Selling, general and administrative	1.2	1.5	1.8	1.8	1.8	2.1	2.1	2.1	2.4	2.4	2.5	2.1	2.4	2.7	3.3	3.3	3.1	3.3
Operating income	0.7	1.6	2.7	2.3	2.1	2.4	2.1	1.9	2.3	2.8	2.7	2.3	2.7	2.9	1.8	3.8	4.0	3.9
Interest expense	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.4	0.4	0.3	0.3
Income before tax	0.6	1.6	2.7	2.3	2.1	2.4	2.0	1.9	2.4	2.8	2.8	2.3	2.8	2.8	1.6	4.9	4.0	3.8
Income tax	0.2	0.5	0.7	0.5	0.5	0.7	0.6	0.5	1.4	0.6	0.6	0.5	0.6	0.6	0.8	0.8	1.0	1.0
Net income	0.4	1.0	1.8	1.6	1.5	1.7	1.4	1.4	1.0	2.1	2.3	1.8	2.1	2.2	0.7	3.9	2.8	2.7
Diluted EPS	$2.16	$5.28	$9.55	$8.67	$7.91	$9.02	$7.84	$8.23	$5.97	$13.15	$14.48	$12.01	$14.61	$15.12	$5.15	$28.37	$20.50	$19.56
Diluted shares (average)	198m	197m	194m	190m	187m	183m	178m	169m	167m	163m	156m	149m	146m	142m	143m	139m	139m	139m
EBITDA	1.0	1.9	3.0	2.6	2.5	2.8	2.6	2.4	2.9	3.4	3.4	2.9	3.4	3.7	2.8	4.8	5.1	5.0

US$ millions unless shown otherwise. Fiscal quarters.

Cummins: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	8,456	8,447	8,174	8,643	8,317	8,536	8,398	9,457
Cost of revenue	6,285	6,413	6,019	6,362	6,188	6,585	6,155	6,992
Gross profit	2,171	2,034	2,155	2,281	2,129	1,951	2,243	2,465
Research and development	359	356	344	357	345	350	358	385
Selling, general and administrative	807	801	771	779	789	786	845	893
Operating income	1,050	732	1,134	1,226	852	813	949	1,279
Interest expense	83	89	77	87	83	82	76	80
Income before tax	1,043	662	1,117	1,225	830	791	934	1,293
Income tax	200	217	267	297	271	171	254	325
Net income	809	418	824	890	536	593	654	932
Diluted EPS	$5.86	$3.06	$5.96	$6.43	$3.86	$4.27	$4.71	$6.73
EBITDA	1,316	1,003	1,403	1,505	1,129	1,093	1,231	1,560

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Cummins's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cummins.