← CUMMINS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $17.5b $20.4b $23.8b $23.6b $19.8b $24.0b $28.1b $34.1b $34.1b $33.7b
Cost of Goods and Services Sold $13.1b $15.3b $18.0b $17.6b $14.9b $18.3b $21.4b $25.8b $25.7b $25.2b
Gross Profit $4.5b $5.1b $5.7b $6.0b $4.9b $5.7b $6.7b $8.2b $8.4b $8.5b
Operating Income (Loss) $1.9b $2.4b $2.8b $2.7b $2.3b $2.7b $2.9b $1.8b $3.8b $4.0b
Additional Financial Items
Amortization of Intangible Assets $92.0m $112.0m $153.0m $175.0m $165.0m $144.0m $223.0m $324.0m $324.0m $323.0m
Foreign Currency Transaction Gain (Loss), before Tax ($12.0m) ($71.0m) $46.0m $105.0m ($2.0m) ($37.0m) $27.0m — — —
Foreign Currency Transaction Gain (Loss), Realized — ($6.0m) ($34.0m) $28.0m $4.0m $2.0m ($8.0m) ($30.0m) ($41.0m) $5.0m
Goodwill, Impairment Loss — — — — — — — — — ($210.0m)
Income (Loss) from Continuing Operations before Income Taxes, Domestic $995.0m $1.2b $1.2b $1.7b $1.1b $1.3b $1.3b ($541.0m) $2.9b $1.8b
Income (Loss) from Continuing Operations, Per Diluted Share — — — — $0 — — — — —
Income (Loss) from Equity Method Investments $260.0m $357.0m $394.0m $330.0m $452.0m $506.0m $349.0m $483.0m $395.0m $469.0m
Investment Income, Interest $23.0m $18.0m $35.0m $46.0m $21.0m — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1.9b $2.4b $2.8b $2.8b $2.3b $2.8b $2.8b $1.6b $4.9b $4.0b
Net Income (Loss) Available to Common Stockholders, Basic $1.4b $999.0m $2.1b $2.3b $1.8b $2.1b $2.2b $735.0m $3.9b $2.8b
Net Income (Loss) Attributable to Noncontrolling Interest $62.0m ($5.0m) $46.0m $8.0m $22.0m $33.0m $32.0m $105.0m $122.0m $114.0m
Earnings Per Share, Basic $8.25 $5.99 $13.20 $14.54 $12.07 $14.74 $15.20 $5.19 $28.55 $20.62
Earnings Per Share, Diluted $8.23 $5.97 $13.15 $14.48 $12.01 $14.61 $15.12 $5.15 $28.37 $20.50
Weighted Average Number of Shares Outstanding, Basic 169.0m 166.6m 162.2m 155.4m 148.2m 144.6m 141.5m 141.7m 138.2m 137.9m
Weighted Average Number of Shares Outstanding, Diluted 169.3m 167.3m 162.8m 156.1m 149.0m 145.9m 142.3m 142.7m 139.1m 138.7m
Selling, General and Administrative Expense $2.0b $2.4b $2.4b $2.5b $2.1b $2.4b $2.7b $3.3b $3.3b $3.1b
Other Nonoperating Income (Expense) $48.0m $63.0m $46.0m $197.0m $169.0m $156.0m $89.0m $240.0m $1.5b $267.0m
Current Income Tax Expense (Benefit) $424.0m $993.0m $804.0m $570.0m $520.0m $580.0m $910.0m $1.2b $1.0b $920.0m
Interest Expense $69.0m $81.0m $114.0m $109.0m $100.0m $111.0m $199.0m $375.0m $370.0m $329.0m
Interest Expense, Debt — $85.0m $116.0m $112.0m $102.0m $113.0m $204.0m $383.0m $387.0m $360.0m
Research and Development Expense $636.0m $752.0m $902.0m $1.0b $906.0m $1.1b $1.3b $1.5b $1.5b $1.4b
Restructuring Costs — $0 — $115.0m — — — — — —
Income Tax Expense (Benefit) $474.0m $1.4b $566.0m $566.0m $527.0m $587.0m $636.0m $786.0m $835.0m $1.0b
Other Operating Income (Expense), Net ($5.0m) $65.0m ($6.0m) ($36.0m) ($46.0m) ($31.0m) ($174.0m) ($2.1b) ($346.0m) ($439.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.