CumminsCMIEarnings & Financial Report
Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes diesel engines, electric vehicle components, and power generation products. Cummins also services engines and related equipment, including fuel systems, air handling systems controls, filtration, emission control, electrical power generation systems, and engine control units.
Revenue
$8.6B
Gross Profit
$2.3B
Operating Profit
$1.2B
Net Profit
$928.0M
Gross Margin
26.4%
Operating Margin
14.2%
Net Margin
10.7%
YoY Growth
-1.7%
EPS
$6.43
Cummins Q2 FY2025 Financial Summary
Cummins reported revenue of $8.6B (down 1.7% YoY) for Q2 FY2025, with a net profit of $928.0M (up 23.4% YoY) (10.7% margin). Cost of goods sold was $6.4B, operating expenses totaled $1.1B.
Key Financial Metrics
| Total Revenue | $8.6B |
|---|---|
| Net Profit | $928.0M |
| Gross Margin | 26.4% |
| Operating Margin | 14.2% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Cummins Q2 FY2025 revenue of $8.6B breaks down across 14 segments, led by DBU Power Generation at $1.2B (13.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| DBU Power Generation | $1.2B | 13.9% |
| Drivetrain And Braking Systems | $1.1B | 12.7% |
| Parts | $1.0B | 11.7% |
| Emissionsolutions | $777.0M | 9.0% |
| Heavydutytruck | $727.0M | 8.4% |
| Mediumdutytruckandbus | $676.0M | 7.8% |
| PSBU Power Generation | $584.0M | 6.8% |
| Lightdutyautomotive | $482.0M | 5.6% |
| Services | $439.0M | 5.1% |
| Related Party | $411.0M | 4.8% |
| Engine Product Line | $384.0M | 4.4% |
| Components And Software | $301.0M | 3.5% |
| Offhighway | $277.0M | 3.2% |
| Automated Transmissions | $123.0M | 1.4% |
Cummins Revenue by Segment — Quarterly Trend
Cummins revenue by segment across the last 4 reported quarters, showing how each business line (such as DBU Power Generation and Drivetrain And Braking Systems) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| DBU Power Generation | — | — | $1.2B | $1.2B |
| Drivetrain And Braking Systems | — | — | $916.0M | $1.1B |
| Parts | — | $1.0B | $1.0B | $1.0B |
| Emissionsolutions | — | — | $702.0M | $777.0M |
| Heavydutytruck | — | $623.0M | $540.0M | $727.0M |
Cummins Annual Revenue by Year
Cummins annual revenue history includes year-by-year totals (for example, 2025 revenue was $33.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $33.7B |
| 2024 | $34.1B |
| 2023 | $34.1B |
| 2022 | $28.1B |
Cummins Quarterly Revenue & Net Profit History
Cummins results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $8.4B | +2.7% | $654.0M | 7.8% |
| Q4 FY2025 | $8.5B | +1.1% | $620.0M | 7.3% |
| Q3 FY2025 | $8.3B | -1.6% | $559.0M | 6.7% |
| Q2 FY2025 | $8.6B | -1.7% | $928.0M | 10.7% |
| Q1 FY2025 | $8.2B | -2.7% | $850.0M | 10.4% |
| Q4 FY2024 | $8.4B | -1.1% | $445.0M | 5.3% |
| Q3 FY2024 | $8.5B | +0.3% | $843.0M | 10.0% |
| Q2 FY2024 | $8.8B | +1.8% | $752.0M | 8.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.80B | $8.46B | $8.45B | $8.17B | $8.64B | $8.32B | $8.54B | $8.40B |
| YoY Growth | 1.8% | 0.3% | -1.1% | -2.7% | -1.7% | -1.6% | 1.1% | 2.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $31.32B | $32.05B | $31.54B | $32.53B | $34.26B | $33.64B | $33.99B | $34.45B |
| Liabilities | $20.74B | $20.71B | $20.23B | $20.56B | $21.39B | $20.54B | $20.58B | $21.07B |
| Equity | $9.55B | $10.31B | $10.27B | $10.92B | $11.79B | $12.06B | $12.35B | $13.37B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-851.0M | $640.0M | $1.42B | $-3.0M | $785.0M | $1.30B | $1.53B |