Cummins

Industrials Construction Machinery & Heavy Transportation Equipment Columbus, Indiana Last filing Feb 10, 2026 · FY2025

                    Revenue
                    FY2025
                
$33.7B
                    3y CAGR +6.2%
                    
                    P57
                    
                    -1.3%
                    
                    Net income
                    FY2025
                
$3.0B
                    Net margin +8.8%
                    
                    P31
                    
                    -27.3%
                    
                    Total assets
                    FY2025
                
$34.0B
                    ROA +8.7%
                    
                    P57
                    
                    +7.8%
                    
                    Operating cash flow
                    FY2025
                
$3.6B
                    FCF margin +7.1%
                    
                    P24
                    
                    +143.5%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $34.0B

Total liabilities $20.6B

Shareholders equity $12.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	8.4%	4.9%	6.4%	7.5%	10.8%
Short Term Investments	2.3%	1.7%	1.6%	1.7%	2.5%
Accounts Receivable	17.3%	15.2%	16.4%	18.5%	14.8%
Inventory	17.3%	16.8%	16.7%	20.0%	18.1%
Prepaid Expenses	5.0%	4.6%	3.5%	3.8%	3.2%
Other Current Assets	0.0%	—	—	—	1.8%
Total Current Assets	50.3%	43.3%	44.6%	51.5%	51.2%
Property,Plant and Equipment	20.7%	18.6%	18.3%	19.7%	18.4%
Goodwill	6.6%	6.9%	7.3%	8.3%	5.4%
Intangible Assets	6.4%	6.9%	7.4%	9.6%	3.7%
Long Term Investments	6.3%	5.5%	5.3%	6.3%	6.4%
Other Noncurrent Assets	10.6%	11.2%	11.0%	12.6%	13.5%
Total Assets	101.0%	92.5%	94.0%	107.9%	98.7%
Liabilities
Accounts Payable	11.3%	11.6%	12.5%	15.1%	12.6%
Accrued Liabilities	10.2%	10.7%	16.2%	10.0%	10.9%
Deferred Revenue	4.8%	3.9%	3.6%	3.6%	3.6%
Current Portion of Long Term Debt	2.3%	6.8%	5.6%	12.0%	2.4%
Total Current Liabilities	28.5%	32.9%	37.9%	40.7%	29.5%
Long Term Debt	20.2%	14.0%	14.1%	16.0%	14.9%
Deferred Revenue Noncurrent	3.1%	3.1%	2.8%	3.0%	3.5%
Other Noncurrent Liabilities	9.3%	9.2%	10.1%	11.8%	11.6%
Total Liabilities	61.1%	59.3%	64.9%	71.5%	59.6%
Equity
Common Stock	7.9%	7.7%	7.5%	8.0%	8.7%
Retained Earnings	67.2%	61.1%	52.4%	64.2%	69.7%
Treasury Stock	31.7%	31.5%	27.5%	33.5%	38.0%
Accumulated Other Comprehensive Income	-6.8%	-7.2%	-6.5%	-6.7%	-6.5%
Total Stockholders Equity	36.7%	30.1%	26.0%	32.0%	33.9%
Noncontrolling Interest	3.1%	3.0%	3.1%	3.5%	3.7%
Total Liabilitiesand Equity	101.0%	92.5%	94.0%	107.9%	98.7%

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $33.7B

Operating income $4.0B

Net income $3.0B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	74.7%	75.3%	75.8%	76.1%	76.3%
Other Income Expense Gross Profit	25.3%	24.7%	24.2%	23.9%	23.7%
Expenses Research and Development	4.1%	4.3%	4.4%	4.6%	4.5%
Expenses Selling,General and Administrative	9.3%	9.6%	9.8%	9.6%	9.9%
Expenses Other Operating Expenses	-0.1%	-0.1%	4.9%	-0.6%	-2.0%
Other Income Expense Operating Income	12.0%	11.0%	5.2%	10.4%	11.3%
Other Income Expense Interest Expense	1.0%	1.1%	1.1%	0.7%	0.5%
Income Tax Income Tax Expense	3.0%	2.4%	2.3%	2.3%	2.4%
net Income Other Items Below Tax	0.5%	4.1%	0.4%	0.2%	0.5%
net Income net Income	8.8%	11.9%	2.5%	7.8%	9.0%
net Income Comprehensive Income	8.9%	10.9%	1.2%	6.5%	10.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $3.6B

Investing cash flow $-1.7B

Financing cash flow $-772.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	8.8%	11.9%	2.5%	7.8%	9.0%
Operating Activities Depreciation and Amortization	3.3%	3.1%	3.0%	2.8%	2.8%
Operating Activities Deferred Income Taxes	0.3%	-0.6%	-1.3%	-1.0%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	-2.6%	-6.3%	7.1%	-3.6%	-1.5%
Operating Activities Other Non Cash Items	1.0%	-3.7%	0.4%	1.0%	-0.9%
Operating Activities net Cash From Operating Activities	10.8%	4.4%	11.6%	7.0%	9.4%
Investing Activities Capital Expenditures	-3.7%	-3.5%	-3.6%	-3.3%	-3.1%
Investing Activities Business Acquisitions	-0.0%	-0.2%	-0.9%	-11.4%	0.0%
Investing Activities Purchases of Investments	-4.8%	-4.4%	-4.1%	-3.8%	-3.4%
Investing Activities Proceeds From Sale of Investments	4.3%	4.3%	3.9%	4.1%	2.8%
Investing Activities Other Investing Activities	-0.9%	-1.4%	-0.2%	-0.5%	-0.0%
Investing Activities net Cash From Investing Activities	-5.1%	-5.2%	-4.8%	-14.9%	-3.6%
Financing Activities Proceeds From Debt	6.9%	8.0%	2.5%	7.5%	0.3%
Financing Activities Repayment of Debt	-5.6%	-5.3%	-5.6%	2.5%	-0.3%
Financing Activities Dividends Paid	-3.1%	-2.8%	-2.7%	-3.0%	-3.4%
Financing Activities Other Financing Activities	-0.5%	-0.3%	-0.6%	0.3%	-0.0%
Financing Activities net Cash From Financing Activities	-2.3%	-0.5%	-6.4%	5.9%	-9.3%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.1%	-0.2%	0.2%	0.1%
Cash Reconciliation net Change In Cash	3.5%	-1.5%	0.2%	-1.7%	-3.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+25.3%	+24.7%	+24.2%	+23.9%	+23.7%
Operating margin	+12.0%	+11.0%	+5.2%	+10.4%	+11.3%
Net margin	+8.8%	+11.9%	+2.5%	+7.8%	+9.0%
FCF margin	+7.1%	+0.8%	+8.1%	+3.7%	+6.3%
Growth
Revenue CAGR (3y)	+6.2%	+12.4%	+19.8%	+6.0%	+0.3%
Returns
ROE	+23.9%	+39.6%	+9.5%	+24.3%	+26.6%
ROA	+8.7%	+12.9%	+2.6%	+7.2%	+9.1%
ROIC	+23.6%	+23.9%	+13.2%	+19.9%	+27.9%
Liquidity
Current ratio	1.76x	1.31x	1.18x	1.27x	1.74x
Quick ratio	0.90x	0.61x	0.60x	0.64x	0.87x
Leverage
D/E	1.67x	1.97x	2.50x	2.24x	1.76x
Interest coverage	12.23x	10.14x	4.70x	14.72x	24.38x
Efficiency
Asset turnover	0.99x	1.08x	1.06x	0.93x	1.01x
Cash conversion cycle	+92d	+81d	+80d	+91d	+81d

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FY2025 fundamentals · no price

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Cummins

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