CUMMINS INC. (CMI) FY2025 Annual P&L / Income Statement

CUMMINS INC. (CMI) FY2025 Annual P&L / Income Statement

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.