Cummins Inc.
CMIFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
34,102
Cost of Revenue
25,663
Gross Profit
8,439
Gross Margin
24.7%
Operating Income
3,750
Operating Margin
11.0%
Net Income
3,946
Net Margin
11.6%
EPS (Basic)
$28.55
EPS (Diluted)
$28.37
EBITDA
6,338
EBITDA Margin
18.6%
2023
12/31/2023
Revenue
34,065
Cost of Revenue
25,816
Gross Profit
8,249
Gross Margin
24.2%
Operating Income
1,761
Operating Margin
5.2%
Net Income
735
Net Margin
2.2%
EPS (Basic)
$5.19
EPS (Diluted)
$5.15
EBITDA
3,025
EBITDA Margin
8.9%
2022
12/31/2022
Revenue
28,074
Cost of Revenue
21,355
Gross Profit
6,719
Gross Margin
23.9%
Operating Income
2,929
Operating Margin
10.4%
Net Income
2,151
Net Margin
7.7%
EPS (Basic)
$15.20
EPS (Diluted)
$15.12
EBITDA
3,802
EBITDA Margin
13.5%
2021
12/31/2021
Revenue
24,021
Cost of Revenue
18,326
Gross Profit
5,695
Gross Margin
23.7%
Operating Income
2,706
Operating Margin
11.3%
Net Income
2,131
Net Margin
8.9%
EPS (Basic)
$14.74
EPS (Diluted)
$14.61
EBITDA
3,524
EBITDA Margin
14.7%
2020
12/31/2020
Revenue
19,811
Cost of Revenue
14,917
Gross Profit
4,894
Gross Margin
24.7%
Operating Income
2,269
Operating Margin
11.5%
Net Income
1,789
Net Margin
9.0%
EPS (Basic)
$12.07
EPS (Diluted)
$12.01
EBITDA
3,111
EBITDA Margin
15.7%