Revenue segments as reported by the company.

Engine

Distribution

Components

Power Systems

New Power

Intersegment Eliminations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Research, development and engineering

Equity, royalty and interest income from investees

Other operating expense, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Cummins

Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems, and New Power. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment consists of parts, engines, power generation and service, which service and distribute its products and services. The Components segment supplies products such as, aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel, and natural gas applications. The Power Systems segment engages in power generation, industrial and generator technologies. The New Power segment designs, manufactures, sells and supports hydrogen production solutions, as well as electrified power systems ranging from fully electric to hybrid along with components and subsystems, including battery and fuel cell technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919, and is headquartered in Columbus, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Cummins reports robust Q4 earnings, eyes sustainability and innovation

Cummins' strong financial performance in Q4 2022 and full-year results reflect consistent growth and strategic execution.
The company's focus on clean energy technologies, investments in new power solutions, and market positioning provide a solid foundation for future success.
While facing challenges in interest expenses and market dynamics, Cummins has opportunities to drive growth through innovation, operational efficiency, and global market trends.
Overall, Cummins remains optimistic about its future prospects, emphasizing sustainability, profitability, and meeting evolving customer needs in the e-mobility space.

Cummins reports record Q1 revenues, raises full-year forecast

Cummins reported robust Q1 performance with record revenues and raised full-year forecast. The company faces challenges related to margin impact and legal discussions on emission systems. Opportunities exist in expanding into the rail market and focusing on operational efficiencies and new technologies.

Cummins reports record Q2 revenues, eyes growth amidst market challenges

Cummins delivered strong financial performance with record revenues and growth in key segments.
While facing market challenges and uncertainties, the company maintains a focus on profitability and growth.
Opportunities lie in balancing pricing strategies, investing in sustainable solutions, and managing costs.
Overall, Cummins' outlook for 2023 and 2024 remains stable amidst market dynamics.

Cummins reports robust Q3 earnings, eyes growth amid challenges

Cummins' Q3 2023 performance reflects strong revenue growth, operational efficiency, and strategic financial management.
While facing challenges like supply constraints and market softening, the company is focused on innovation, cost reduction, and profitable growth.
Opportunities in market expansion, product launches, and continued investments position Cummins for sustained growth and shareholder value creation.

Cummins posts record revenues in Q4 2023 amid market challenges

Cummins delivered strong financial results in Q4 2023, with record revenues and a focus on clean energy technology. Despite market challenges and uncertainties, the company remains committed to optimizing operations and investing in growth areas like data centers and electrolyzers.

Cummins reports stable Q1 earnings, eyes growth through new technologies

Cummins delivered solid financial performance in Q1 2024, with a focus on innovation, margin improvement, and shareholder returns. While facing challenges in market dynamics and supply chain issues, the company is strategically positioned to capitalize on opportunities in new technologies and regulatory changes. Cummins' proactive approach to investments and business optimization sets a strong foundation for future growth.

Cummins achieves record revenues in Q2 2024, focuses on sustainability

Cummins reported strong Q2 2024 results with record revenues and improved profitability, driven by strategic partnerships and operational efficiencies.
While facing challenges in international markets and external uncertainties, Cummins remains focused on innovation and sustainability initiatives.
Opportunities lie in revenue growth through market expansion, product diversification, and investment in sustainable technologies for future success.
Overall, Cummins' performance reflects resilience and adaptability in navigating market complexities and driving sustainable growth.

Cummins reports mixed Q3 performance, eyes growth in international markets

Cummins reported a mixed performance in Q3 2024 with revenue outlook consistent with prior guidance but improved EBITDA guidance.
The company demonstrated strengths in international revenue growth, strong power generation sales, and shareholder returns.
Challenges were seen in certain segments and operational performance, with opportunities identified in specific market segments and R&D investments.
Analyst questions highlighted key areas of concern and potential focus for future strategic decisions.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

The Zacks Consensus Estimate for Cummins' (CMI) Q3 earnings per share and revenues is pegged at $4.87 and $6.96 billion, respectively.

What's in the Offing for Cummins (CMI) in Q3 Earnings?

Cummins Inc. Names Marvin Boakye Chief Human Resources Officer

Clean Hydrogen Developer Bakken Energy Announces Alliance With Cummins and Schneider Working Together on the Design of the Heartland Hydrogen Hub to Serve the Needs of Long-Haul Trucking

Strong relative strength and holding above prior lows are the trademarks of leadership out of a bear market. The post Is CMI Stock Giving Another Swing Trading Buy Opportunity?

Is CMI Stock Giving Another Swing Trading Buy Opportunity?

Cummins exhibits long-term growth in revenue, net income, free cashflow, and dividends. They also repurchase shares and have a high ROIC relative to their WACC. Unlevered DCF with conservative assumptions show buy rating and 15% upside with mildly optimistic assumptions.

Cummins: An Undervalued Dividend Growth Stock

Cummins Drives Gigawatt Electrolyzer Manufacturing Plant Forward in Spain, Expanding Its Global Clean Energy Footprint

Cummins (CMI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Cummins (CMI) is Poised to Beat Earnings Estimates Again

Cummins Inc. will manufacture hydrogen electrolyzers in Minnesota, the latest site in its effort to meet a 2025 revenue goal of $400 million a year from cleaning up long-haul trucking and other polluting industries. Electrolyzer production will get 89,000 square feet of dedicated space at an existing Cummins facility in Fridley, Minnesota.

Cummins adding hydrogen electrolyzer manufacturing in US

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Cummins Inc. (NYSE: CMI) will begin producing electrolyzers in the United States, underscoring the company's continued dedication to advancing the nation's green hydrogen economy. Electrolyzer production will take place in Fridley, Minnesota, starting at 500 megawatts (MW) of manufacturing capacity annually, scalable to 1 gigawatt (GW) in the future. “Expanding Cummins' electrolyzer manufacturing footprint to the United States is a milestone not only for our com

Cummins drives domestic green hydrogen economy forward with first U.S. electrolyzer manufacturing facility

Caterpillar

Kinder Morgan

Investing equal amounts in these top stocks produces a dividend yield over 4%.

Down Between 25% and 33%: 3 Dividend Stocks to Buy and Hold in October

OAKVILLE, Ontario & COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Atura Power has selected Cummins Inc. (NYSE: CMI) to design and manufacture the electrolyzer system for its Niagara Hydrogen Centre in Niagara Falls, Ont. This will be Ontario's first 20-megawatt (MW) green hydrogen facility. Cummins' proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga, Ont. facility and become the centrepiece of Atura Power's Niagara Hydrogen Centre. Powered by renewable hydroelectricit

Atura Power selects Cummins to design, manufacture 20 MW electrolyzer system for Niagara Hydrogen Centre

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--With a mission to power a more prosperous world, Cummins Inc. (NYSE: CMI) continues to make significant investments in solar energy with the installation of Cummins' second largest solar array at Rocky Mount Engine Plant in North Carolina (U.S.). The RMEP solar installation will directly support the company's environmental sustainability strategy, PLANET 2050, by using low-carbon renewable power to reduce greenhouse gases. As part of the 2030 goals included in P

Cummins' Second Largest Solar Farm Goes Live at Rocky Mount Engine Plant

Allegion

Watsco

These companies have what it takes to outlast a bear market.

Down Between 19% and 40%: 3 Passive-Income Powerhouse Stocks to Buy in October

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) is showcasing its platform of zero-emissions technologies this week at the IAA Transportation show, the world's largest mobility show, in Hannover, Germany. A range of new Cummins technologies and the recently acquired Meritor ePowertrain technologies are available publicly together for the first time. With over a century of experience as a global power leader, Cummins is solidifying its commitment to providing comprehensive zero-emissio

Destination IAA: Cummins unveils new technology for zero-emissions power solutions

The U.S. Environmental Protection Agency (EPA) will consider adopting more stringent greenhouse gas emissions rules for heavy trucks after Congress passed new incentives to speed the adoption of zero-emission vehicles, the agency told Reuters.

EXCLUSIVE U.S. EPA to consider tougher emissions rules for heavy trucks

INDIANAPOLIS--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) is pleased to announce that its popular Tier 4 QSK95 engine can be safely used with renewable diesel, without any negative impact to its current EPA emission requirements or reliability. “Cummins is ready to assist customers on the decarbonization journey. By working together, we can effect change for today's climate crisis,” states Cummins General Manager – Rail and Defense, Regina Barringer. Cummins partnered with Siemens Mobility to hel

Cummins QSK95 Engine Proven Fully Compatible With Renewable Diesel

Cummins stock year-to-date remains 15% better than S&P 500 Index, even after the September 13 drop. Cummins, however, is a cyclical business. The market for U.S. heavy-duty trucks peaked in May and has declined every month since for a total decline of 10%.

Cummins: The Wrong Time To Hold

COLUMBUS, Ind.--(BUSINESS WIRE)--For the first time since finalizing the acquisition of Meritor, Inc. last month, Cummins Inc. (NYSE: CMI) will showcase Meritor's 17Xe ePowertrain assembled with a Cummins battery system during the IAA Transportation tradeshow in Hannover, Germany. The 17Xe is designed for heavy-duty trucks in the 4x2 and 6x2 segment, with capacity to support 44 tons of gross combined weight, or more in some applications. The assembly also features a lithium iron phosphate (LFP)

Destination IAA: Cummins debuting electrified Meritor powertrains for the first time since acquisition

Cummins has a reasonable current valuation. The company's focus on clean energy is likely to support a higher valuation.

Cummins Positioned For Solid Growth And Higher Valuation

Cameco

Clorox

Hormel Foods

Raytheon Technologies

Exxon Mobil

With Federal Reserve chair Jerome Powell effectively setting the stage for a challenging environment in the equities sector, investors ought to consider the most relevant blue-chip stock picks to beat the September market slump. As well, it's not just Powell creating rumblings in the investment space.

7 Blue-Chip Stock Picks to Beat the September Market Slump

The nascent hydrogen industry is set up for a long-term secular shift in the logistics and transportation sector, with expected diesel engine cost parity by 2030. Cummins is positioned atop the chain in the Class 8 engine market, holding a dominant market share that it can build upon with its hydrogen engines.

Cummins Can Lead A Secular Hydrogen Transportation Shift

Cummins Inc. ( CMI , Financial) is down marginally so far in 2022, which means the stock has greatly outperformed the S&P 500, where the index is down a mid-teens percentage.

Cummins Is an Attractive Value and Income Stock

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 gigawatt (GW) with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. IPCEI – recently approved by the European Commission, with funding granted by Flanders Innovation & Entrepreneurship Agency (VLAIO) – will help Cummins develop a new generation of PEM electrolyzer cell stacks to power large-scale hydrogen

Cummins scaling Belgium electrolyzer manufacturing capacity to 1 gigawatt through IPCEI support

Werner Enterprises is spreading its hydrogen bets beyond fuel cells, signing a letter of intent for 500 hydrogen-fueled internal combustion engines from Cummins Inc., which is pushing its powertrain-agnostic approach to reducing emissions.  It is the third significant sales announcement in two weeks for the Columbus, Indiana-based engine maker.

Werner signs for 500 Cummins hydrogen-powered internal combustion engines

Werner Enterprises

OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises (Nasdaq: WERN), a premier transportation and logistics provider, and Cummins Inc. (NYSE: CMI), a global power solutions provider, announced today Werner signed a letter of intent to purchase 500 Cummins' 15-liter hydrogen internal combustion engines upon availability. The two companies announced earlier this year, Werner Enterprises plans to validate and integrate Cummins'15-liter natural gas and Cummins' X15H hydrogen engines, both part of Cummi

News for Cummins Stock (CMI)