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

- Company: CUMMINS INC. (CMI)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-05, accession number 0000026172-25-000013
- Page: https://plicit.ai/financials/cmi/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/cmi-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/cmi/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/cmi-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Geography. 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
- **UNITED STATES**: 4,750,000,000 US dollars
- **CHINA**: 779,000,000 US dollars
- **INDIA**: 426,000,000 US dollars
- **Non-US**: 2,219,000,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/cmi/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/cmi-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. 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
- **Engine**: 2,771,000,000 US dollars
- **Components**: 2,670,000,000 US dollars
- **Distribution**: 2,907,000,000 US dollars
- **Power Systems**: 1,649,000,000 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
- **Revenue before reconciliation (calculated)**: 9,997,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,823,000,000 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.
- Of which attributable to CUMMINS INC.: $824.00 M; to noncontrolling interests: $26.00 M.

## Chart details: Revenue by Business Segment by Geography

- Page: https://plicit.ai/financials/cmi/fy2025-q1-income-statement/revenue-by-business-segment-by-geography
- Chart image: https://plicit.ai/charts/cmi-fy2025-q1-revenue-by-business-segment-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Segments by Geographical. 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
- **Accelera**: 103,000,000 US dollars
- **Components**: 2,670,000,000 US dollars
- **Engine**: 2,771,000,000 US dollars
- **Power Systems**: 1,649,000,000 US dollars
- **Total Segments**: 10,100,000,000 US dollars
- **Distribution - CHINA**: 113,000,000 US dollars
- **Distribution - INDIA**: 72,000,000 US dollars
- **Distribution - Africa**: 59,000,000 US dollars
- **Distribution - Asia Pacific**: 240,000,000 US dollars
- **Distribution - Europe**: 269,000,000 US dollars
- **Distribution - Latin America**: 50,000,000 US dollars
- **Distribution - North America**: 2,099,000,000 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
- **Revenue before reconciliation (calculated)**: 20,195,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 12,021,000,000 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.
- Of which attributable to CUMMINS INC.: $824.00 M; to noncontrolling interests: $26.00 M.