Cummins Inc. (CMI) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
500 JACKSON ST COLUMBUS, IN 47202-3005 |
| State of Incorp. | IN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 351 - Engines And Turbines (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 2,264 | 2,741 | 2,573 | 3,187 | 3,862 | 1,470 | |||
| Cash and cash equivalent | 2,101 | 2,592 | 3,401 | 1,129 | |||||
| Short-term investments | 593 | 562 | 472 | 595 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 1,671 | 2,179 | 461 | 341 | |||||
| Receivables | 121 | 81 | 459 | 526 | 3,992 | 3,861 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,742 | 5,677 | 5,603 | 4,355 | 3,425 | 3,486 | |||
| Inventory | 5,742 | 5,677 | 5,603 | 4,355 | 3,425 | 3,486 | |||
| Other undisclosed current assets | 6,625 | 6,699 | 5,816 | 4,241 | 618 | 570 | |||
| Total current assets: | 14,752 | 15,198 | 14,451 | 12,309 | 11,897 | 9,387 | |||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 47 | 27 | 14 | 23 | 23 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 6,356 | 6,249 | 5,521 | 4,422 | 4,255 | 4,245 | |||
| Long-term investments and receivables | 1,889 | 1,800 | 1,759 | 1,538 | 1,441 | 1,237 | |||
| Long-term investments | 1,889 | 1,800 | 1,759 | 1,538 | 1,441 | 1,237 | |||
| Intangible asset, including goodwill, after accumulated amortization | 4,721 | 5,018 | 5,030 | 2,187 | 2,256 | 2,289 | |||
| Goodwill | 2,370 | 2,499 | 2,343 | 1,287 | 1,293 | 1,286 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 2,351 | 2,519 | 2,687 | 900 | 963 | 1,003 | |||
| Other noncurrent assets | 2,633 | 2,543 | 2,140 | 1,766 | 1,733 | 1,578 | |||
| Other undisclosed noncurrent assets | 1,142 | 1,170 | 1,384 | 1,488 | 1,019 | 978 | |||
| Total noncurrent assets: | 16,788 | 16,807 | 15,848 | 11,401 | 10,727 | 10,350 | |||
| TOTAL ASSETS: | 31,540 | 32,005 | 30,299 | 23,710 | 22,624 | 19,737 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,849 | 8,014 | 5,717 | 5,001 | 4,498 | 4,185 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 107 | 82 | 52 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 683 | 484 | 560 | ||
| Accounts payable | 3,951 | 4,260 | 4,252 | 3,021 | 2,820 | 2,534 | |||
| Accrued liabilities | 1,898 | 3,754 | 1,465 | 1,190 | 1,112 | 1,039 | |||
| Deferred revenue | 1,347 | 1,220 | 1,004 | 855 | 691 | 533 | |||
| Debt | 2,275 | 1,894 | 3,357 | 580 | 554 | 791 | |||
| Other undisclosed current liabilities | 1,763 | 1,775 | 1,343 | 648 | 592 | 751 | |||
| Total current liabilities: | 11,234 | 12,903 | 11,421 | 7,084 | 6,335 | 6,260 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,784 | 4,802 | 4,498 | 3,579 | 3,610 | 1,576 | |||
| Other undisclosed long-term debt and lease obligation | 4,784 | 4,802 | 4,498 | 3,579 | 3,610 | 1,206 | |||
| Liabilities, other than long-term debt | 4,214 | 4,396 | 4,155 | 3,646 | 3,690 | 3,436 | |||
| Accounts payable and accrued liabilities | 684 | 672 | 645 | ||||||
| Deferred revenue | 1,065 | 966 | 844 | 850 | 840 | 821 | |||
| Liability, pension and other postretirement and postemployment benefits | 604 | 630 | 591 | ||||||
| Other liabilities | 3,149 | 3,430 | 3,311 | 1,508 | 1,548 | 1,379 | |||
| Operating lease, liability | 370 | ||||||||
| Total noncurrent liabilities: | 8,998 | 9,198 | 8,653 | 7,225 | 7,300 | 5,012 | |||
| Total liabilities: | 20,232 | 22,101 | 20,074 | 14,309 | 13,635 | 11,272 | |||
| Temporary equity, including noncontrolling interest | 258 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 10,271 | 8,850 | 8,975 | 8,474 | 8,062 | 7,507 | |||
| Treasury stock, value | (10,748) | (9,359) | (9,415) | (9,123) | (7,779) | (7,225) | |||
| Accumulated other comprehensive loss | (2,445) | (2,206) | (1,890) | (1,571) | (1,982) | (2,028) | |||
| Retained earnings | 20,828 | 17,851 | 18,037 | 16,741 | 15,419 | 14,416 | |||
| Other undisclosed equity, attributable to parent | 2,636 | 2,564 | 2,243 | 2,427 | 2,404 | 2,344 | |||
| Equity, attributable to noncontrolling interest | 1,037 | 1,054 | 992 | 927 | 927 | 958 | |||
| Total equity: | 11,308 | 9,904 | 9,967 | 9,401 | 8,989 | 8,465 | |||
| TOTAL LIABILITIES AND EQUITY: | 31,540 | 32,005 | 30,299 | 23,710 | 22,624 | 19,737 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 34,102 | 34,065 | 28,074 | 24,021 | 19,811 | 23,571 | ||
| Cost of revenue | (25,663) | (25,816) | (21,355) | (18,326) | (14,917) | (17,591) | ||
| Gross profit: | 8,439 | 8,249 | 6,719 | 5,695 | 4,894 | 5,980 | ||
| Operating expenses | (4,738) | (4,833) | (3,965) | (3,464) | (3,031) | (3,574) | ||
| Other operating expense, net | (346) | (2,138) | (174) | (31) | (46) | (36) | ||
| Other undisclosed operating income | 395 | 483 | 349 | 506 | 452 | 330 | ||
| Operating income: | 3,750 | 1,761 | 2,929 | 2,706 | 2,269 | 2,700 | ||
| Nonoperating income | 1,482 | 210 | 89 | 156 | 169 | 243 | ||
| Investment income, nonoperating | 46 | |||||||
| Other nonoperating income | 1,523 | 240 | 89 | 156 | 169 | 197 | ||
| Interest and debt expense | (394) | (375) | (199) | (111) | (100) | (109) | ||
| Income from continuing operations before equity method investments, income taxes: | 4,838 | 1,596 | 2,819 | 2,751 | 2,338 | 2,834 | ||
| Other undisclosed income from continuing operations before income taxes | 65 | 30 | ||||||
| Income from continuing operations before income taxes: | 4,903 | 1,626 | 2,819 | 2,751 | 2,338 | 2,834 | ||
| Income tax expense | (835) | (786) | (636) | (587) | (527) | (566) | ||
| Income from continuing operations: | 4,068 | 840 | 2,183 | 2,164 | 1,811 | 2,268 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 2,164 | 1,811 | 2,268 | |
| Net income: | 4,068 | 840 | 2,183 | 2,164 | 1,811 | 2,268 | ||
| Net loss attributable to noncontrolling interest | (122) | (105) | (32) | (33) | (22) | (8) | ||
| Net income available to common stockholders, diluted: | 3,946 | 735 | 2,151 | 2,131 | 1,789 | 2,260 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 4,068 | 840 | 2,183 | 2,164 | 1,811 | 2,268 | ||
| Other comprehensive income (loss) | (255) | (319) | (359) | 406 | 36 | (226) | ||
| Comprehensive income: | 3,813 | 521 | 1,824 | 2,570 | 1,847 | 2,042 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (106) | (102) | 8 | (28) | (12) | (3) | ||
| Comprehensive income, net of tax, attributable to parent: | 3,707 | 419 | 1,832 | 2,542 | 1,835 | 2,039 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.