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DC Infra·CMI
Cummins Inc.
NYSE · US
Engine, generator, power systems, and energy technology supplier serving mission-critical backup power markets.
AI relevance
Generator and power-system supplier for data center backup and standby power.
Price
$716.86
Change
-0.92 (-0.13%)
Market cap
$98.9B
52w range
$308–$738
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
CMI market performance
Daily close for Cummins Inc.
- Latest close
- $716.9
- Range move
- +$401.9 (+127.6%)
- Range high
- $717.8
- Range low
- $314.3
- Latest volume
- 2.1M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
74 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus51 ratings
Strong buy
0
Buy
27
Hold
23
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $37.09B | $36.89B - $37.30B | $29.05 | $28.14 - $30.09 | $7.35B | $5.89B | $3.90B | $3.57B | 12 rev / 8 EPS |
| 2027-12-31 | $40.07B | $39.38B - $40.69B | $33.75 | $32.36 - $37.21 | $7.94B | $6.36B | $4.82B | $3.86B | 14 rev / 11 EPS |
| 2028-12-31 | $43.80B | $43.71B - $43.89B | $39.20 | $30.56 - $44.79 | $8.68B | $6.96B | $5.08B | $4.22B | 11 rev / 8 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $9.33B | $9.09B - $9.63B | $7.26 | $6.82 - $8.03 | $1.85B | $1.48B | $1.01B | $897.9M | 9 rev / 7 EPS |
| 2026-09-30 | $9.60B | $9.17B - $9.98B | $7.83 | $7.23 - $8.55 | $1.90B | $1.52B | $1.09B | $923.7M | 9 rev / 7 EPS |
| 2026-12-31 | $9.85B | $9.44B - $10.26B | $8.10 | $7.66 - $8.54 | $1.95B | $1.57B | $1.12B | $948.4M | 8 rev / 3 EPS |
| 2027-03-31 | $9.24B | $8.86B - $9.62B | $7.58 | $7.17 - $7.99 | $1.83B | $1.47B | $1.05B | $889.4M | 4 rev / 3 EPS |
| 2027-06-30 | $9.94B | $9.52B - $10.35B | $8.56 | $8.10 - $9.02 | $1.97B | $1.58B | $1.19B | $956.5M | 4 rev / 2 EPS |
| 2027-09-30 | $10.15B | $9.73B - $10.57B | $9.23 | $8.73 - $9.72 | $2.01B | $1.61B | $1.28B | $976.8M | 5 rev / 2 EPS |
| 2027-12-31 | $10.44B | $10.00B - $10.87B | $9.51 | $8.99 - $10.02 | $2.07B | $1.66B | $1.32B | $1.00B | 4 rev / 2 EPS |
| 2028-03-31 | $10.23B | $9.80B - $10.65B | $8.82 | $8.34 - $9.29 | $2.03B | $1.62B | $1.22B | $984.5M | 3 rev / 3 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 4 | $809.75 |
| Last quarter | 10 | $784.10 |
| Last year | 30 | $645.93 |
| All time | 48 | $509.81 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-17 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-06-08 | UBS | Upgrade | Neutral | Buy |
| 2026-06-01 | Argus Research | Maintain | Buy | Buy |
| 2026-05-26 | Raymond James | Maintain | Outperform | Outperform |
| 2026-05-07 | Barclays | Maintain | Overweight | Overweight |
| 2026-05-06 | Citigroup | Maintain | Buy | Buy |
| 2026-05-06 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-05-06 | JP Morgan | Maintain | Neutral | Neutral |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 4 | 10 | 8 | 1 | 1 |
| 2026-05-01 | 4 | 9 | 9 | 0 | 1 |
| 2026-04-01 | 4 | 9 | 11 | 0 | 1 |
| 2026-03-01 | 4 | 8 | 11 | 0 | 1 |
| 2026-02-01 | 4 | 8 | 11 | 0 | 1 |
| 2026-01-01 | 4 | 8 | 11 | 0 | 1 |
| 2025-12-01 | 4 | 8 | 13 | 0 | 0 |
| 2025-11-01 | 2 | 8 | 13 | 1 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $33.67B | $8.52B | 25.3% | $1.40B | $3.87B | $5.40B | $2.84B | $20.62 |
| FY 2024 | $34.10B | $8.44B | 24.7% | $1.46B | $3.75B | $6.34B | $3.95B | $28.55 |
| FY 2023 | $34.06B | $8.25B | 24.2% | $1.50B | $1.76B | $3.02B | $735.0M | $5.19 |
| FY 2022 | $28.07B | $6.72B | 23.9% | $1.28B | $2.93B | $3.80B | $2.15B | $15.20 |
| FY 2021 | $24.02B | $5.70B | 23.7% | $1.09B | $2.71B | $3.52B | $2.13B | $14.74 |
| FY 2020 | $19.81B | $4.89B | 24.7% | $906.0M | $2.27B | $3.11B | $1.79B | $12.07 |
| FY 2019 | $23.57B | $5.98B | 25.4% | $1.00B | $2.70B | $3.62B | $2.26B | $14.54 |
| FY 2018 | $23.77B | $5.74B | 24.1% | $902.0M | $2.79B | $3.48B | $2.14B | $13.20 |
| FY 2017 | $20.43B | $5.10B | 25.0% | $752.0M | $2.33B | $3.03B | $999.0M | $6.00 |
| FY 2016 | $17.51B | $4.46B | 25.5% | $636.0M | $1.88B | $2.53B | $1.39B | $8.25 |
| FY 2015 | $19.11B | $4.95B | 25.9% | $735.0M | $2.06B | $2.60B | $1.40B | $7.86 |
| FY 2014 | $19.22B | $4.86B | 25.3% | $754.0M | $2.37B | $2.95B | $1.65B | $9.04 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $3.62B | $1.24B | $2.39B |
| FY 2024 | $1.49B | $1.21B | $279.0M |
| FY 2023 | $3.97B | $1.21B | $2.75B |
| FY 2022 | $1.96B | $916.0M | $1.05B |
| FY 2021 | $2.26B | $786.0M | $1.47B |
| FY 2020 | $2.72B | $575.0M | $2.15B |
| FY 2019 | $3.18B | $775.0M | $2.41B |
| FY 2018 | $2.38B | $784.0M | $1.59B |
| FY 2017 | $2.28B | $587.0M | $1.69B |
| FY 2016 | $1.94B | $594.0M | $1.34B |
| FY 2015 | $2.06B | $799.0M | $1.26B |
| FY 2014 | $2.27B | $798.0M | $1.47B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $3.61B | $5.82B | $5.82B | $7.50B | $33.99B | $8.11B | $5.27B | $20.58B | $12.35B |
| FY 2024 | $2.26B | $5.18B | $5.74B | $6.89B | $31.54B | $7.60B | $5.93B | $20.23B | $10.27B |
| FY 2023 | $2.74B | $5.58B | $5.68B | $6.75B | $32.01B | $7.21B | $5.03B | $22.10B | $8.85B |
| FY 2022 | $2.57B | $5.20B | $5.60B | $5.52B | $30.30B | $8.36B | $6.25B | $20.07B | $8.97B |
| FY 2021 | $3.19B | $3.99B | $4.36B | $4.42B | $23.71B | $4.61B | $2.02B | $14.31B | $8.47B |
| FY 2020 | $3.86B | $3.82B | $3.42B | $4.25B | $22.62B | $4.62B | $1.22B | $13.63B | $8.06B |
| FY 2019 | $1.47B | $3.67B | $3.49B | $4.74B | $19.74B | $2.87B | $1.74B | $11.27B | $7.51B |
| FY 2018 | $1.52B | $3.87B | $3.76B | $4.10B | $19.06B | $2.48B | $1.17B | $10.80B | $7.35B |
| FY 2017 | $1.57B | $3.62B | $3.17B | $3.93B | $18.07B | $2.01B | $637.0M | $9.91B | $7.26B |
| FY 2016 | $1.38B | $3.02B | $2.67B | $3.80B | $15.01B | $1.82B | $701.0M | $7.84B | $6.88B |
| FY 2015 | $1.81B | $2.82B | $2.71B | $3.75B | $15.13B | $1.60B | -$111.0M | $7.38B | $7.41B |
| FY 2014 | $2.39B | $2.95B | $2.87B | $3.69B | $15.78B | $1.68B | -$626.0M | $7.68B | $7.75B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 25.3% | 11.5% | 8.4% | 1.8x | 1.2x | 23.0% | 11.4% | 2.2x | 14.0x | 3.4% | 4.1% | 92d |
| FY 2024 | 24.7% | 11.0% | 11.6% | 1.3x | 0.8x | 38.4% | 13.7% | 1.6x | 8.5x | 0.6% | 4.3% | 81d |
| FY 2023 | 24.2% | 5.2% | 2.2% | 1.2x | 0.7x | 8.3% | 4.3% | 1.1x | 12.9x | 8.1% | 4.4% | 80d |
| FY 2022 | 23.9% | 10.4% | 7.7% | 1.3x | 0.8x | 24.0% | 10.1% | 1.4x | 10.7x | 3.1% | 4.6% | 91d |
| FY 2021 | 23.7% | 11.3% | 8.9% | 1.7x | 1.1x | 25.1% | 12.3% | 1.4x | 9.5x | 4.7% | 4.5% | 87d |
| FY 2020 | 24.7% | 11.5% | 9.0% | 1.9x | 1.3x | 22.2% | 10.4% | 1.8x | 11.2x | 6.4% | 4.6% | 85d |
| FY 2019 | 25.4% | 11.5% | 9.6% | 1.5x | 0.9x | 30.1% | 15.0% | 1.3x | 8.2x | 8.7% | 4.2% | 77d |
| FY 2018 | 24.1% | 11.7% | 9.0% | 1.5x | 0.9x | 29.1% | 16.3% | 1.0x | 6.6x | 7.4% | 3.8% | 78d |
| FY 2017 | 25.0% | 11.4% | 4.9% | 1.6x | 1.0x | 13.8% | 7.7% | 1.5x | 9.9x | 5.7% | 3.7% | 79d |
| FY 2016 | 25.5% | 10.7% | 8.0% | 1.8x | 1.2x | 20.3% | 12.9% | 1.4x | 9.4x | 5.8% | 3.6% | 86d |
| FY 2015 | 25.9% | 10.8% | 7.3% | 2.1x | 1.4x | 18.9% | 13.1% | 0.8x | 6.0x | 8.0% | 3.8% | 80d |
| FY 2014 | 25.3% | 12.3% | 8.6% | 2.3x | 1.5x | 21.3% | 14.2% | 1.3x | 8.7x | 5.6% | 3.9% | 81d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | -1.3% | +0.9% | -4.6% | +3.1% | -28.0% | -27.8% | +755.2% | -2.2% | +59.4% | +1.4% | +7.8% | +6.8% |
| FY 2024 | +0.1% | +2.3% | -2.5% | +112.9% | +436.9% | +450.1% | -89.9% | +0.4% | -17.4% | +1.1% | -1.5% | +5.4% |
| FY 2023 | +21.3% | +22.8% | +17.4% | -39.9% | -65.8% | -65.9% | +163.2% | -32.4% | +6.5% | +1.3% | +5.6% | -13.7% |
| FY 2022 | +16.9% | +18.0% | +17.2% | +8.2% | +0.9% | +3.1% | -28.8% | -16.5% | -19.3% | +28.7% | +27.8% | +81.1% |
| FY 2021 | +21.3% | +16.4% | +20.3% | +19.3% | +19.1% | +22.1% | -31.5% | -36.7% | -17.5% | +27.2% | +4.8% | -0.1% |
| FY 2020 | -16.0% | -18.2% | -9.5% | -16.0% | -20.8% | -17.0% | -10.8% | +25.8% | +162.7% | -1.7% | +14.6% | +61.0% |
| FY 2019 | -0.8% | +4.2% | +11.0% | -3.1% | +5.6% | +10.2% | +50.9% | +1.1% | -3.6% | -7.3% | +3.5% | +15.8% |
| FY 2018 | +16.4% | +12.5% | +19.9% | +19.4% | +114.3% | +120.0% | -5.7% | -33.6% | -2.7% | +18.7% | +5.5% | +23.4% |
| FY 2017 | +16.7% | +14.4% | +18.2% | +24.1% | -28.3% | -27.3% | +26.0% | +1.2% | +13.6% | +18.4% | +20.4% | +10.2% |
| FY 2016 | -8.4% | -9.9% | -13.5% | -8.6% | -0.4% | +5.0% | +6.4% | +25.7% | -23.8% | -1.2% | -0.8% | +13.8% |
| FY 2015 | -0.6% | +1.8% | -2.5% | -13.0% | -15.3% | -13.1% | -14.2% | -0.1% | -24.4% | -5.5% | -4.1% | -4.5% |
| FY 2014 | +11.1% | +13.6% | +5.8% | +12.6% | +11.3% | +14.0% | +8.8% | -7.8% | -16.0% | +20.4% | +7.1% | -0.8% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $33.67B
Distribution$12.40B · 36.8%
Engine$10.88B · 32.3%
Components$10.15B · 30.1%
Power Systems$7.46B · 22.2%
Accelera$460.0M · 1.4%
Total Segment-$7.68B · -22.8%
Latest geography mixFY 2025 · $28.65B
UNITED STATES$18.97B · 66.2%
Non-US$9.68B · 33.8%
Product revenue annual
| Period | Total | Engine | Distribution | Components | Power Systems | Accelera | New Power | Electrified Power | Corporate and Other | Corporate, Non-Segment | Segment Reconciling Items | Intersegment Eliminations | Total Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $33.67B | $10.88B | $12.40B | $10.15B | $7.46B | $460.0M | -- | -- | -- | -- | -- | -- | -$7.68B |
| FY 2024 | $34.10B | $11.71B | $11.38B | $11.68B | $6.41B | $414.0M | -- | -- | -- | -- | -- | -- | -$7.50B |
| FY 2023 | $34.06B | $11.68B | $10.25B | $13.41B | $5.67B | $354.0M | -- | -- | -- | -- | -- | -- | -$7.30B |
| FY 2022 | $28.07B | $10.95B | $8.93B | $9.74B | $5.03B | -- | $198.0M | -- | -- | -- | -- | -- | -$6.77B |
| FY 2021 | $24.02B | $9.95B | $7.77B | $7.67B | $4.42B | -- | $116.0M | -- | -- | -- | -- | -- | -$5.90B |
| FY 2020 | $19.81B | $8.02B | $7.14B | $6.02B | $3.63B | -- | $72.0M | -- | -$5.07B | -- | -- | -- | -- |
| FY 2019 | $23.57B | $10.06B | $8.07B | $6.91B | $4.46B | -- | $38.0M | -- | -- | -- | -- | -$5.97B | -- |
| FY 2018 | $23.77B | $10.57B | $7.83B | $7.17B | $4.63B | -- | -- | $7.0M | -- | -- | -- | -$6.42B | -- |
| FY 2017 | $20.43B | $8.95B | $7.06B | $5.89B | $4.06B | -- | -- | -- | -- | -- | -- | -$5.53B | -- |
| FY 2016 | $17.51B | $7.80B | $6.18B | $4.84B | $3.52B | -- | -- | -- | -- | -- | -$4.83B | -- | -- |
| FY 2015 | $19.11B | $10.45B | $6.23B | $5.17B | $2.74B | -- | -- | -- | -- | -$5.48B | -- | -- | -- |
| FY 2014 | $19.22B | $10.96B | $5.17B | $5.12B | $2.90B | -- | -- | -- | -- | -- | -$4.93B | -- | -- |
Geography revenue annual
| Period | Total | UNITED STATES | Non-US | CHINA | INDIA |
|---|---|---|---|---|---|
| FY 2025 | $28.65B | $18.97B | $9.68B | -- | -- |
| FY 2024 | $34.10B | $19.42B | $9.95B | $2.95B | $1.78B |
| FY 2023 | $34.06B | $19.30B | $9.97B | $3.12B | $1.68B |
| FY 2022 | $28.07B | $15.55B | $8.74B | $2.39B | $1.39B |
| FY 2021 | $24.02B | $12.49B | $7.23B | $3.17B | $1.13B |
| FY 2020 | $19.81B | $10.61B | $5.69B | $2.83B | $680.0M |
| FY 2019 | $23.57B | $13.52B | $6.87B | $2.33B | $848.0M |
| FY 2018 | $23.77B | $13.22B | $7.26B | $2.32B | $965.0M |
| FY 2017 | $20.43B | $11.01B | $7.28B | $2.14B | -- |
| FY 2016 | $17.51B | $9.48B | $8.03B | -- | -- |
| FY 2015 | $19.11B | $10.76B | $8.35B | -- | -- |
| FY 2014 | $16.68B | $10.06B | $4.63B | $1.45B | $546.0M |
Transcripts74 on file
Transcripts
Events
Events
Next earnings
2026-08-04EPS est $7.26
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