CUMMINS INC. (CMI) FY2025 Q1 P&L / Income Statement

CUMMINS INC. (CMI) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

NET SALES (Notes 1 and 2)

8,174,000,000 US dollars

Cost of sales

6,019,000,000 US dollars

GROSS MARGIN

2,155,000,000 US dollars

Operating costs, net of other operating items (calculated)

1,021,000,000 US dollars

OPERATING INCOME

1,134,000,000 US dollars

Other income (expense), net (calculated)

negative 17,000,000 US dollars

INCOME BEFORE INCOME TAXES

1,117,000,000 US dollars

Income tax expense (Note 5)

267,000,000 US dollars

CONSOLIDATED NET INCOME

850,000,000 US dollars

Heavy-duty truck (EBU market)

654,000,000 US dollars

Medium-duty truck and bus (EBU market)

700,000,000 US dollars

Light-duty automotive (EBU market)

425,000,000 US dollars

Off-highway (EBU market)

261,000,000 US dollars

Drivetrain and braking systems [CBU business]

1,056,000,000 US dollars

Emission solutions (CBU business)

791,000,000 US dollars

Components and software [CBU business]

306,000,000 US dollars

Automated Transmissions (CBU business)

117,000,000 US dollars

Atmus Filtration Technologies Inc.

0 US dollars

Power Generation (DBU product line)

1,090,000,000 US dollars

Parts (DBU product line)

1,026,000,000 US dollars

Service (DBU product line)

416,000,000 US dollars

Engines (DBU product line)

370,000,000 US dollars

Power Generation (PSBU product line)

445,000,000 US dollars

Industrial (PSBU product line)

284,000,000 US dollars

Generator technologies (PSBU product line)

143,000,000 US dollars

Undisclosed (calculated)

90,000,000 US dollars

Selling, general and administrative expenses

771,000,000 US dollars

Research, development and engineering expenses

344,000,000 US dollars

Equity, royalty and interest income from investees (Note 4)

negative 131,000,000 US dollars

Other operating expense, net

37,000,000 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.
• Of which attributable to CUMMINS INC.: $824.00 M; to noncontrolling interests: $26.00 M.