Industrials · Construction Machinery & Heavy Transportation Equipment
Cummins: revenue, profit and dividends
In fiscal 2025, Cummins had revenue of $33.7B, up 5.8% a year on average since 2015, and net income of $2.84B (8.4% of revenue). Its dividend per share has gone up 8 years in a row, to $7.64. It has 22% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · −1.3% vs 2024
- Ticker
- CMI · NYSE
- Sector
- Industrials
- Sub-industry
- Construction Machinery & Heavy Transportation Equipment
- Headquarters
- Columbus, Indiana
- Founded
- 1919
- In the S&P 500 since
- March 31, 1965
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Cummins Inc · CIK 0000026172
Revenue and net income
Revenue went from $13B in 2007 to $33.7B in 2025.
Diluted earnings per share
Diluted EPS went from $3.70 in 2007 to $20.50 in 2025. Ten-year growth: 10.1% a year.
Dividends per share
Raised 8 years in a row, every year from 2018 to 2025.
Shares outstanding
22.3% fewer shares in 2025 than in 2015 (178M → 139M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $2.39B in 2025, 7.1% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $33.7B | $2.84B | 8.4% | $20.50 | $7.64 | 139M | $3.62B | $1.24B | $2.39B |
| 2024 | $34.1B | $3.95B | 11.6% | $28.37 | $7.00 | 139M | $1.49B | $1.21B | $279M |
| 2023 | $34.1B | $735M | 2.2% | $5.15 | $6.50 | 143M | $3.97B | $1.21B | $2.75B |
| 2022 | $28.1B | $2.15B | 7.7% | $15.12 | $6.04 | 142M | $1.96B | $916M | $1.05B |
| 2021 | $24B | $2.13B | 8.9% | $14.61 | $5.60 | 146M | $2.26B | $734M | $1.52B |
| 2020 | $19.8B | $1.79B | 9.0% | $12.01 | $5.28 | 149M | $2.72B | $528M | $2.19B |
| 2019 | $23.6B | $2.26B | 9.6% | $14.48 | $4.90 | 156M | $3.18B | $700M | $2.48B |
| 2018 | $23.8B | $2.14B | 9.0% | $13.15 | $4.44 | 163M | $2.38B | $709M | $1.67B |
| 2017 | $20.4B | $999M | 4.9% | $5.97 | $4.21 | 167M | $2.28B | $506M | $1.77B |
| 2016 | $17.5B | $1.39B | 8.0% | $8.23 | — | 169M | $1.94B | $531M | $1.41B |
| 2015 | $19.1B | $1.4B | 7.3% | $7.84 | — | 178M | $2.06B | $744M | $1.32B |
| 2014 | $19.2B | $1.65B | 8.6% | $9.02 | — | 183M | $2.27B | $743M | $1.52B |
| 2013 | $17.3B | $1.48B | 8.6% | $7.91 | — | 187M | $2.09B | $676M | $1.41B |
| 2012 | $17.3B | $1.65B | 9.5% | $8.67 | — | 190M | $1.53B | $690M | $842M |
| 2011 | $18B | $1.85B | 10.2% | $9.55 | — | 194M | $2.07B | $622M | $1.45B |
| 2010 | $13.2B | $1.04B | 7.9% | $5.28 | — | 197M | $1.01B | $364M | $642M |
| 2009 | $10.8B | $428M | 4.0% | $2.16 | — | 198M | $1.14B | $310M | $827M |
| 2008 | $14.3B | $755M | 5.3% | $3.84 | — | 197M | $987M | $543M | $444M |
| 2007 | $13B | $739M | 5.7% | $3.70 | — | — | $810M | $353M | $457M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Construction Machinery & Heavy Transportation Equipment companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.