undamentalytics Newsletter

Cummins revenue

Cummins's revenue was $33.67bn in fiscal 2025, down 1.3% on the year before. Since fiscal 2009 ($10.80bn) it has grown at a compound 7.4% a year. Over the last twelve months it was $34.71bn.

Revenue history

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

Cummins: revenue history, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue10.813.218.017.317.319.219.117.520.423.823.619.824.028.134.134.133.734.7
Growth on the year before—+22.5%+36.5%−4.0%−0.2%+11.1%−0.6%−8.4%+16.7%+16.4%−0.8%−16.0%+21.3%+16.9%+21.3%+0.1%−1.3%—
Gross profit2.23.24.64.44.34.94.94.55.15.76.04.95.76.78.28.48.58.8
Gross margin20.1%24.0%25.4%25.5%24.7%25.3%25.9%25.5%25.0%24.1%25.4%24.7%23.7%23.9%24.2%24.7%25.3%25.3%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Total $41.4B ▼ 0.6%
Distribution $12.4B ▲ 9.0%
Engine $10.9B ▼ 7.1%
Components $10.1B ▼ 13.1%
Power Systems $7.5B ▲ 16.5%
Accelera $460M ▲ 11.1%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue YoY
Onhighway $7B ▼ 12.3%
DBU Power Generation Domain $4.9B ▲ 24.4%
Parts $4.1B ▲ 2.7%
Drivetrain and Braking Systems $4B ▼ 15.8%
Emissionsolutions $3B ▼ 4.6%
Mediumdutytruckandbus $2.5B ▼ 17.8%
Heavydutytruck $2.5B ▼ 23.4%
PSBU Power Generation $2.2B ▲ 17.6%
Lightdutyautomotive $1.9B ▲ 21.8%
Services $1.8B ▲ 2.9%
Engine Product Line $1.6B ▼ 5.4%
Industrial $1.2B ▲ 9.6%
Engine Components and Software $1.2B ▲ 8.8%
Offhighway $1.1B ▲ 10.3%
Generatortechnologies $647M ▲ 36.5%
Eaton Automated Transmission Technologies $423M ▼ 28.1%
Atmus Filtration $0 ▼ 100.0%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $19B 56.4% ▼ 2.3%
Outside the US $9.7B 28.7% ▼ 2.8%
China $3.3B 9.8% ▲ 11.9%
India $1.7B 5.1% ▼ 3.3%

From Cummins's 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Construction Machinery & Heavy Transportation Equipment: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Cummins $34.71bn 2.9% 2.5%
Paccar $29.08bn -1.5% -5.2%
Caterpillar Inc. $74.73bn 18.4% 4.9%
Wabtec $12.21bn 13.2% 8.9%
Oshkosh Corp $10.76bn 4.2% 4.6%
Terex Corp $7.49bn 40.1% 13.3%

Compare with peers

Head to head: CMI vs PCARCAT vs CMICMI vs WAB

More: Construction Machinery & Heavy Transportation Equipment stocks compared, Industrials sector, rankings of US companies

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.