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

Year-over-year change per cell; first column has no prior.

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	+70.3%	-23.3%	+3.7%	-18.9%	—
Short Term Investments	+28.8%	+5.5%	+19.1%	-20.7%	—
Accounts Receivable	+12.3%	-7.2%	+7.3%	+45.9%	—
Inventory	+1.4%	+1.1%	+1.3%	+28.7%	—
Prepaid Expenses	+7.1%	+30.7%	+11.6%	+38.1%	—
Other Current Assets	—	—	—	—	—
Total Current Assets	+14.7%	-2.9%	+5.2%	+17.4%	—
Property,Plant and Equipment	+9.5%	+1.7%	+13.2%	+24.9%	—
Goodwill	-6.2%	-5.2%	+6.7%	+82.1%	—
Intangible Assets	-7.8%	-6.7%	-6.3%	+198.6%	—
Long Term Investments	+12.9%	+4.9%	+2.3%	+14.4%	—
Other Noncurrent Assets	-6.2%	+2.2%	+5.7%	+8.7%	—
Total Assets	+7.8%	-1.5%	+5.6%	+27.8%	—
Liabilities
Accounts Payable	-3.8%	-7.3%	+0.2%	+40.7%	—
Accrued Liabilities	-5.9%	-33.8%	+96.9%	+6.8%	—
Deferred Revenue	+19.2%	+10.4%	+21.5%	+17.4%	—
Current Portion of Long Term Debt	-67.2%	+22.0%	-43.5%	+478.8%	—
Total Current Liabilities	-14.5%	-12.9%	+13.0%	+61.2%	—
Long Term Debt	+42.0%	-0.4%	+6.8%	+25.7%	—
Deferred Revenue Noncurrent	-1.0%	+10.2%	+14.5%	-0.7%	—
Other Noncurrent Liabilities	-0.7%	-8.2%	+3.6%	+18.4%	—
Total Liabilities	+1.7%	-8.5%	+10.1%	+40.3%	—
Equity
Common Stock	+1.4%	+2.8%	+14.3%	+6.9%	—
Retained Earnings	+8.6%	+16.7%	-1.0%	+7.7%	—
Treasury Stock	-0.8%	+14.8%	-0.6%	+3.2%	—
Accumulated Other Comprehensive Income	+6.8%	-10.8%	-16.7%	-20.3%	—
Total Stockholders Equity	+20.2%	+16.1%	-1.4%	+10.2%	—
Noncontrolling Interest	+2.1%	-1.6%	+6.2%	+11.6%	—
Total Liabilitiesand Equity	+7.8%	-1.5%	+5.6%	+27.8%	—

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	-1.3%	+0.1%	+21.3%	+16.9%	—
Expenses Cost of Revenue	-2.0%	-0.6%	+20.9%	+16.5%	—
Other Income Expense Gross Profit	+0.9%	+2.3%	+22.8%	+18.0%	—
Expenses Research and Development	-4.6%	-2.5%	+17.4%	+17.2%	—
Expenses Selling,General and Administrative	-4.6%	-1.7%	+24.0%	+13.2%	—
Expenses Other Operating Expenses	+38.8%	-103.0%	+1045.7%	+63.2%	—
Other Income Expense Operating Income	+7.3%	+112.9%	-39.9%	+8.2%	—
Other Income Expense Interest Expense	-11.1%	-1.3%	+88.4%	+79.3%	—
Income Tax Income Tax Expense	+20.5%	+6.2%	+23.6%	+8.3%	—
net Income Other Items Below Tax	-89.1%	+937.8%	+136.8%	-53.7%	—
net Income net Income	-27.3%	+384.3%	-61.5%	+0.9%	—
net Income Comprehensive Income	-18.8%	+784.7%	-77.1%	-27.9%	—
Earnings Per Share Basic Eps	-27.8%	+450.1%	-65.9%	+3.1%	—
Earnings Per Share Diluted Eps	-27.7%	+450.9%	-65.9%	+3.5%	—

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	-27.3%	+384.3%	-61.5%	+0.9%	—
Operating Activities Depreciation and Amortization	+3.8%	+4.0%	+30.6%	+18.4%	—
Operating Activities Deferred Income Taxes	+141.1%	+54.3%	-66.8%	-4014.3%	—
Operating Activities Changes In Operating Assets and Liabilities	+60.2%	-189.5%	+340.6%	-179.9%	—
Operating Activities Other Non Cash Items	+126.3%	-1002.1%	-48.5%	+225.7%	—
Operating Activities net Cash From Operating Activities	+143.5%	-62.5%	+102.1%	-13.0%	—
Investing Activities Capital Expenditures	-2.2%	+0.4%	-32.4%	-24.8%	—
Investing Activities Business Acquisitions	+79.3%	+80.1%	+90.8%	—	—
Investing Activities Purchases of Investments	-8.5%	-6.5%	-31.3%	-33.1%	—
Investing Activities Proceeds From Sale of Investments	-0.7%	+9.4%	+15.9%	+71.0%	—
Investing Activities Other Investing Activities	+35.5%	-655.6%	+55.9%	-2283.3%	—
Investing Activities net Cash From Investing Activities	+2.9%	-8.5%	+60.6%	-377.9%	—
Financing Activities Proceeds From Debt	-14.2%	+215.9%	-59.1%	+2562.0%	—
Financing Activities Repayment of Debt	-4.2%	+5.7%	-369.3%	+956.6%	—
Financing Activities Dividends Paid	-8.9%	-5.2%	-7.7%	-5.7%	—
Financing Activities Other Financing Activities	-43.7%	+41.1%	-340.5%	+800.0%	—
Financing Activities net Cash From Financing Activities	-346.2%	+92.1%	-230.4%	+174.9%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+240.0%	+41.2%	-236.0%	+42.9%	—
Cash Reconciliation net Change In Cash	+331.1%	-751.3%	+115.9%	+39.3%	—

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

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Cummins

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history