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Side-by-side financial comparison of Cummins (CMI) and LyondellBasell (LYB). Click either name above to swap in a different company.
Cummins is the larger business by last-quarter revenue ($8.5B vs $7.1B, roughly 1.2× LyondellBasell). Cummins runs the higher net margin — 7.3% vs -2.0%, a 9.2% gap on every dollar of revenue. On growth, Cummins posted the faster year-over-year revenue change (1.1% vs -25.3%). LyondellBasell produced more free cash flow last quarter ($1.1B vs $990.0M). Over the past eight quarters, Cummins's revenue compounded faster (0.8% CAGR vs -15.5%).
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.
LyondellBasell Industries N.V. is an American multinational chemical company, incorporated in the Netherlands with U.S. operations headquartered in Houston, Texas and offices in London, UK. The company is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels.
CMI vs LYB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.5B | $7.1B |
| Net Profit | $620.0M | $-140.0M |
| Gross Margin | 22.9% | 4.7% |
| Operating Margin | 9.5% | -1.2% |
| Net Margin | 7.3% | -2.0% |
| Revenue YoY | 1.1% | -25.3% |
| Net Profit YoY | 39.3% | 76.8% |
| EPS (diluted) | $4.25 | $-0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.5B | $7.1B | ||
| Q3 25 | $8.3B | $7.7B | ||
| Q2 25 | $8.6B | $7.7B | ||
| Q1 25 | $8.2B | $7.7B | ||
| Q4 24 | $8.4B | $9.5B | ||
| Q3 24 | $8.5B | $10.3B | ||
| Q2 24 | $8.8B | $10.6B | ||
| Q1 24 | $8.4B | $9.9B |
| Q4 25 | $620.0M | $-140.0M | ||
| Q3 25 | $559.0M | $-890.0M | ||
| Q2 25 | $928.0M | $115.0M | ||
| Q1 25 | $850.0M | $177.0M | ||
| Q4 24 | $445.0M | $-603.0M | ||
| Q3 24 | $843.0M | $573.0M | ||
| Q2 24 | $752.0M | $924.0M | ||
| Q1 24 | $2.0B | $473.0M |
| Q4 25 | 22.9% | 4.7% | ||
| Q3 25 | 25.6% | 11.7% | ||
| Q2 25 | 26.4% | 10.3% | ||
| Q1 25 | 26.4% | 7.2% | ||
| Q4 24 | 24.1% | 7.9% | ||
| Q3 24 | 25.7% | 12.0% | ||
| Q2 24 | 24.9% | 13.4% | ||
| Q1 24 | 24.3% | 11.7% |
| Q4 25 | 9.5% | -1.2% | ||
| Q3 25 | 10.2% | -9.5% | ||
| Q2 25 | 14.2% | 3.7% | ||
| Q1 25 | 13.9% | 1.5% | ||
| Q4 24 | 8.7% | -6.9% | ||
| Q3 24 | 12.4% | 7.8% | ||
| Q2 24 | 11.9% | 9.2% | ||
| Q1 24 | 11.0% | 7.1% |
| Q4 25 | 7.3% | -2.0% | ||
| Q3 25 | 6.7% | -11.5% | ||
| Q2 25 | 10.7% | 1.5% | ||
| Q1 25 | 10.4% | 2.3% | ||
| Q4 24 | 5.3% | -6.3% | ||
| Q3 24 | 10.0% | 5.6% | ||
| Q2 24 | 8.5% | 8.8% | ||
| Q1 24 | 24.1% | 4.8% |
| Q4 25 | $4.25 | $-0.45 | ||
| Q3 25 | $3.86 | $-2.77 | ||
| Q2 25 | $6.43 | $0.34 | ||
| Q1 25 | $5.96 | $0.54 | ||
| Q4 24 | $3.22 | $-1.86 | ||
| Q3 24 | $5.86 | $1.75 | ||
| Q2 24 | $5.26 | $2.82 | ||
| Q1 24 | $14.03 | $1.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4B | $5.5B |
| Total DebtLower is stronger | $6.8B | $12.1B |
| Stockholders' EquityBook value | $12.3B | $10.1B |
| Total Assets | $34.0B | $34.0B |
| Debt / EquityLower = less leverage | 0.55× | 1.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4B | $5.5B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.3B | $6.0B | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.2B | $4.7B | ||
| Q1 24 | $3.1B | $3.8B |
| Q4 25 | $6.8B | $12.1B | ||
| Q3 25 | $6.8B | $10.6B | ||
| Q2 25 | $6.8B | $11.2B | ||
| Q1 25 | $4.8B | $10.6B | ||
| Q4 24 | $4.8B | $10.5B | ||
| Q3 24 | $4.9B | $11.1B | ||
| Q2 24 | $5.4B | $11.0B | ||
| Q1 24 | $5.8B | $11.0B |
| Q4 25 | $12.3B | $10.1B | ||
| Q3 25 | $12.1B | $10.6B | ||
| Q2 25 | $11.8B | $11.9B | ||
| Q1 25 | $10.9B | $12.2B | ||
| Q4 24 | $10.3B | $12.5B | ||
| Q3 24 | $10.3B | $13.7B | ||
| Q2 24 | $9.6B | $13.4B | ||
| Q1 24 | $9.1B | $13.0B |
| Q4 25 | $34.0B | $34.0B | ||
| Q3 25 | $33.6B | $33.8B | ||
| Q2 25 | $34.3B | $35.4B | ||
| Q1 25 | $32.5B | $35.2B | ||
| Q4 24 | $31.5B | $35.7B | ||
| Q3 24 | $32.1B | $37.3B | ||
| Q2 24 | $31.3B | $37.1B | ||
| Q1 24 | $31.8B | $36.6B |
| Q4 25 | 0.55× | 1.20× | ||
| Q3 25 | 0.57× | 1.00× | ||
| Q2 25 | 0.58× | 0.94× | ||
| Q1 25 | 0.44× | 0.87× | ||
| Q4 24 | 0.47× | 0.85× | ||
| Q3 24 | 0.47× | 0.81× | ||
| Q2 24 | 0.57× | 0.82× | ||
| Q1 24 | 0.64× | 0.85× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $1.5B |
| Free Cash FlowOCF − Capex | $990.0M | $1.1B |
| FCF MarginFCF / Revenue | 11.6% | 14.9% |
| Capex IntensityCapex / Revenue | 6.4% | 6.3% |
| Cash ConversionOCF / Net Profit | 2.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.4B | $384.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.3B | $983.0M | ||
| Q2 25 | $785.0M | $351.0M | ||
| Q1 25 | $-3.0M | $-579.0M | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $640.0M | $670.0M | ||
| Q2 24 | $-851.0M | $1.3B | ||
| Q1 24 | $276.0M | $-114.0M |
| Q4 25 | $990.0M | $1.1B | ||
| Q3 25 | $1.0B | $577.0M | ||
| Q2 25 | $554.0M | $-188.0M | ||
| Q1 25 | $-165.0M | $-1.1B | ||
| Q4 24 | $882.0M | $1.4B | ||
| Q3 24 | $381.0M | $302.0M | ||
| Q2 24 | $-1.1B | $864.0M | ||
| Q1 24 | $107.0M | $-597.0M |
| Q4 25 | 11.6% | 14.9% | ||
| Q3 25 | 12.1% | 7.5% | ||
| Q2 25 | 6.4% | -2.5% | ||
| Q1 25 | -2.0% | -13.8% | ||
| Q4 24 | 10.4% | 14.9% | ||
| Q3 24 | 4.5% | 2.9% | ||
| Q2 24 | -12.4% | 8.2% | ||
| Q1 24 | 1.3% | -6.0% |
| Q4 25 | 6.4% | 6.3% | ||
| Q3 25 | 3.6% | 5.3% | ||
| Q2 25 | 2.7% | 7.0% | ||
| Q1 25 | 2.0% | 6.3% | ||
| Q4 24 | 6.4% | 5.3% | ||
| Q3 24 | 3.1% | 3.6% | ||
| Q2 24 | 2.7% | 4.6% | ||
| Q1 24 | 2.0% | 4.9% |
| Q4 25 | 2.47× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 0.85× | 3.05× | ||
| Q1 25 | -0.00× | -3.27× | ||
| Q4 24 | 3.20× | — | ||
| Q3 24 | 0.76× | 1.17× | ||
| Q2 24 | -1.13× | 1.46× | ||
| Q1 24 | 0.14× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMI
| Other | $2.9B | 34% |
| Parts | $1.0B | 12% |
| Mediumdutytruckandbus | $638.0M | 7% |
| Heavydutytruck | $623.0M | 7% |
| Intersegmentsales | $620.0M | 7% |
| PSBU Power Generation | $577.0M | 7% |
| Related Party | $469.0M | 5% |
| Services | $449.0M | 5% |
| Lightdutyautomotive | $440.0M | 5% |
| Industrial | $333.0M | 4% |
| Offhighway | $279.0M | 3% |
| Generatortechnologies | $152.0M | 2% |
LYB
| Polypropylene | $1.3B | 18% |
| Oxyfuels And Related Products | $1.3B | 18% |
| Olefins And Co Products | $1.1B | 15% |
| Advanced Polymer Solutions | $774.0M | 11% |
| Po And Derivatives | $497.0M | 7% |
| Other | $492.0M | 7% |
| DE | $440.0M | 6% |
| MX | $353.0M | 5% |
| Intermediate Chemicals | $341.0M | 5% |
| Discontinued Operations Disposed Of By Means Other Than Sale | $265.0M | 4% |
| Other Products | $199.0M | 3% |
| Related Party | $126.0M | 2% |
