# CUMMINS INC. (CMI) FY2025 Annual P&L / Income Statement - Company: CUMMINS INC. (CMI) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-10, accession number 0000026172-26-000009 - Page: https://plicit.ai/financials/cmi/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/cmi-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 33,670,000,000 US dollars - **Cost of sales**: 25,154,000,000 US dollars - **Gross Margin**: 8,516,000,000 US dollars - **Operating costs, net of other operating items (calculated)**: 4,491,000,000 US dollars - **OPERATING INCOME**: 4,025,000,000 US dollars - **Other income (expense), net (calculated)**: negative 62,000,000 US dollars - **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 3,963,000,000 US dollars - **Income tax expense (Note 4)**: 1,006,000,000 US dollars - **CONSOLIDATED NET INCOME**: 2,957,000,000 US dollars - **Heavy-duty truck (EBU market)**: 2,544,000,000 US dollars - **Medium-duty truck and bus (EBU market)**: 2,547,000,000 US dollars - **Light-duty automotive (EBU market)**: 1,930,000,000 US dollars - **Off-highway (EBU market)**: 1,083,000,000 US dollars - **Drivetrain and braking systems [CBU business]**: 3,983,000,000 US dollars - **Emission solutions (CBU business)**: 3,034,000,000 US dollars - **Engine Components and Software [CBU business]**: 1,203,000,000 US dollars - **Automated Transmission [CBU business]**: 423,000,000 US dollars - **Atmus - Filtration (CBU business)**: 0 US dollars - **Power Generation (DBU product line)**: 4,928,000,000 US dollars - **Parts (DBU product line)**: 4,073,000,000 US dollars - **Service (DBU product line)**: 1,798,000,000 US dollars - **Engine (DBU product line)**: 1,587,000,000 US dollars - **Power Generation (PSBU product line)**: 2,229,000,000 US dollars - **Industrial (PSBU product line)**: 1,238,000,000 US dollars - **Generator technologies (PSBU product lines)**: 647,000,000 US dollars - **Undisclosed (calculated)**: 423,000,000 US dollars - **Selling, general and administrative expenses**: 3,125,000,000 US dollars - **Research, development and engineering expenses**: 1,396,000,000 US dollars - **Equity, royalty and interest income from investees**: negative 469,000,000 US dollars - **Other operating expense, net**: 439,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/cmi/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/cmi-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 33,670,000,000 US dollars - **Cost of sales**: 25,154,000,000 US dollars - **Gross Margin**: 8,516,000,000 US dollars - **Operating costs, net of other operating items (calculated)**: 4,491,000,000 US dollars - **OPERATING INCOME**: 4,025,000,000 US dollars - **Other income (expense), net (calculated)**: negative 62,000,000 US dollars - **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 3,963,000,000 US dollars - **Income tax expense (Note 4)**: 1,006,000,000 US dollars - **CONSOLIDATED NET INCOME**: 2,957,000,000 US dollars - **UNITED STATES**: 18,974,000,000 US dollars - **CHINA**: 3,298,000,000 US dollars - **INDIA**: 1,721,000,000 US dollars - **Non-US**: 9,677,000,000 US dollars - **Selling, general and administrative expenses**: 3,125,000,000 US dollars - **Research, development and engineering expenses**: 1,396,000,000 US dollars - **Equity, royalty and interest income from investees**: negative 469,000,000 US dollars - **Other operating expense, net**: 439,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/cmi/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/cmi-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 33,670,000,000 US dollars - **Cost of sales**: 25,154,000,000 US dollars - **Gross Margin**: 8,516,000,000 US dollars - **Operating costs, net of other operating items (calculated)**: 4,491,000,000 US dollars - **OPERATING INCOME**: 4,025,000,000 US dollars - **Other income (expense), net (calculated)**: negative 62,000,000 US dollars - **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 3,963,000,000 US dollars - **Income tax expense (Note 4)**: 1,006,000,000 US dollars - **CONSOLIDATED NET INCOME**: 2,957,000,000 US dollars - **Engine**: 10,875,000,000 US dollars - **Components**: 10,149,000,000 US dollars - **Distribution**: 12,405,000,000 US dollars - **Power Systems**: 7,463,000,000 US dollars - **Selling, general and administrative expenses**: 3,125,000,000 US dollars - **Research, development and engineering expenses**: 1,396,000,000 US dollars - **Equity, royalty and interest income from investees**: negative 469,000,000 US dollars - **Other operating expense, net**: 439,000,000 US dollars - **Revenue before reconciliation (calculated)**: 40,892,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 7,222,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/cmi/fy2025-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/cmi-fy2025-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 33,670,000,000 US dollars - **Cost of sales**: 25,154,000,000 US dollars - **Gross Margin**: 8,516,000,000 US dollars - **Operating costs, net of other operating items (calculated)**: 4,491,000,000 US dollars - **OPERATING INCOME**: 4,025,000,000 US dollars - **Other income (expense), net (calculated)**: negative 62,000,000 US dollars - **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 3,963,000,000 US dollars - **Income tax expense (Note 4)**: 1,006,000,000 US dollars - **CONSOLIDATED NET INCOME**: 2,957,000,000 US dollars - **Accelera**: 460,000,000 US dollars - **Components**: 10,149,000,000 US dollars - **Engine**: 10,875,000,000 US dollars - **Power Systems**: 7,463,000,000 US dollars - **Total Segment**: 41,352,000,000 US dollars - **Distribution - CHINA**: 509,000,000 US dollars - **Distribution - INDIA**: 363,000,000 US dollars - **Distribution - AFRICA and MIDDLE EAST**: 266,000,000 US dollars - **Distribution - Asia Pacific**: 1,150,000,000 US dollars - **Distribution - Europe**: 1,186,000,000 US dollars - **Distribution - Latin America**: 293,000,000 US dollars - **Distribution - North America**: 8,619,000,000 US dollars - **Selling, general and administrative expenses**: 3,125,000,000 US dollars - **Research, development and engineering expenses**: 1,396,000,000 US dollars - **Equity, royalty and interest income from investees**: negative 469,000,000 US dollars - **Other operating expense, net**: 439,000,000 US dollars - **Revenue before reconciliation (calculated)**: 82,685,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 49,015,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.