CMI logo Cummins +
Ticker
CMI
EMR
Headquarter
Columbus ,IN
US
Saint Louis ,MO
US
CEO
Jennifer W. Rumsey
Surendralal Lanca Karsanbhai
Industry
Industrial - Machinery
Industrial - Machinery
Stock Price
Stock Price
Market Cap
Market Cap
$54.72 B
$74.02 B
Employees
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Employees
  • 73.60 K
  • 75.50 K
  • 69.60 K
  • 85.50 K
  • 67.00 K
  • 73.00 K
Y/Y
22.87%
2.58%
7.81%
1.38%
21.64%
8.96%

Income Statement

Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue
  • $28.07 B
  • $34.07 B
  • $34.10 B
  • $13.81 B
  • $15.17 B
  • $17.49 B
Y/Y
16.87%
21.34%
0.11%
24.28%
9.87%
15.32%
Revenue by Products / Services
Revenue by Geography
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • $1.28 B
  • $1.50 B
  • $1.46 B
  • $385.00 M
  • $523.00 M
  • $781.00 M
Y/Y
17.25%
17.37%
2.47%
20.62%
35.84%
49.33%
Operating Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income
  • $2.93 B
  • $1.76 B
  • $3.75 B
  • $2.32 B
  • $2.72 B
  • $2.66 B
Y/Y
8.24%
39.88%
112.95%
23.85%
17.32%
2.21%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 23.00%
  • 48.00%
  • 17.00%
  • 23.00%
  • 22.00%
  • 21.00%
Y/Y
5.72%
114.27%
64.77%
12.34%
2.66%
6.51%
Net Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income
  • $2.15 B
  • $735.00 M
  • $3.95 B
  • $2.75 B
  • $2.15 B
  • $1.97 B
Y/Y
0.94%
65.83%
436.87%
19.19%
21.6%
8.55%
Revenue Per Employee
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue Per Employee
  • $381.44 K
  • $451.19 K
  • $489.97 K
  • $161.47 K
  • $226.39 K
  • $239.62 K
Y/Y
4.88%
18.29%
8.59%
23.22%
40.2%
5.84%
Net Income Per Employee
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Per Employee
  • $29.23 K
  • $9.74 K
  • $56.70 K
  • $32.11 K
  • $32.12 K
  • $26.96 K
Y/Y
17.85%
66.69%
482.38%
20.87%
0.04%
16.07%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Assets
  • $30.30 B
  • $32.01 B
  • $31.54 B
  • $35.67 B
  • $42.75 B
  • $44.25 B
Y/Y
27.79%
5.63%
1.45%
44.33%
19.83%
3.51%
Total Liabilities
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $20.07 B
  • $22.10 B
  • $20.23 B
  • $19.36 B
  • $16.15 B
  • $16.74 B
Y/Y
40.29%
10.1%
8.46%
30.85%
16.57%
3.65%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$916.00 M
  • -$1.21 B
  • -$1.21 B
  • -$531.00 M
  • -$363.00 M
  • -$419.00 M
Y/Y
16.54%
32.42%
0.41%
8.61%
31.64%
15.43%

Profitability

Operating Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 10.43%
  • 5.17%
  • 11.00%
  • 16.77%
  • 17.91%
  • 15.18%
Y/Y
7.45%
50.43%
112.77%
0.6%
6.8%
15.24%
Net Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 7.66%
  • 2.16%
  • 11.57%
  • 19.88%
  • 14.19%
  • 11.25%
Y/Y
13.64%
71.8%
435.65%
57.4%
28.62%
20.72%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • $3.80 B
  • $3.03 B
  • $6.34 B
  • $3.50 B
  • $4.04 B
  • $4.03 B
Y/Y
7.89%
20.44%
109.52%
13.47%
15.31%
0.15%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $1.05 B
  • $2.75 B
  • $279.00 M
  • $2.39 B
  • $274.00 M
  • $2.91 B
Y/Y
28.84%
163.19%
89.87%
20.14%
88.54%
963.14%

Ratios

Return on Equity (ROE)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 23.97%
  • 8.31%
  • 38.42%
  • 26.49%
  • 10.40%
  • 9.10%
Y/Y
4.69%
65.33%
362.33%
13.69%
60.74%
12.5%
Return on Assets (ROA)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 7.10%
  • 2.30%
  • 12.51%
  • 7.70%
  • 5.03%
  • 4.45%
Y/Y
21.02%
67.61%
443.91%
17.38%
34.68%
11.53%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 93.09%
  • 81.45%
  • 73.98%
  • 103.11%
  • 41.38%
  • 37.89%
Y/Y
71%
12.5%
9.17%
43.97%
59.87%
8.43%

Valuation

Enterprise Value
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value
  • $40.54 B
  • $38.98 B
  • $54.10 B
  • $52.29 B
  • $55.96 B
  • $67.09 B
Y/Y
20.78%
3.85%
38.81%
14.36%
7.01%
19.89%
Enterprise value to Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 1.44
  • 1.14
  • 1.59
  • 3.79
  • 3.69
  • 3.84
Y/Y
3.34%
20.76%
38.66%
13.1%
2.6%
3.96%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 10.66
  • 12.88
  • 8.54
  • 14.93
  • 13.86
  • 16.64
Y/Y
11.95%
20.84%
33.75%
1.04%
7.19%
20.07%