Companies / Industrials
CMI
Cummins
Construction Machinery & Heavy Transportation Equipment
Construction Machinery & Heavy Transportation EquipmentAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health55
Growth33
Profitability40
Cash generation47
Balance sheet76
Dilution control80
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)13.5%Revenue growth (FY)-1.3%Revenue CAGR (3y)6.2%Gross margin25.3%Operating margin12.0%Net margin8.8%Free cash flow margin7.1%R&D / revenue4.1%Stock comp / revenue0.3%Net debt / operating cash flow1.19xCurrent ratio1.76Diluted share count change-0.3%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $24.0B | $28.1B | $34.1B | $34.1B | $33.7B |
| Gross profit | $5.7B | $6.7B | $8.2B | $8.4B | $8.5B |
| Operating income | $2.7B | $2.9B | $1.8B | $3.8B | $4.0B |
| Net income | $2.2B | $2.2B | $840M | $4.1B | $3.0B |
| Operating cash flow | $2.3B | $2.0B | $4.0B | $1.5B | $3.6B |
| Capital expenditure | $734M | $916M | $1.2B | $1.2B | $1.2B |
| Free cash flow | $1.5B | $1.0B | $2.8B | $279M | $2.4B |
| R&D | $1.1B | $1.3B | $1.5B | $1.5B | $1.4B |
| Stock-based comp | $37M | $33M | $79M | $100M | $93M |
| Buybacks | $1.4B | $374M | $0 | $0 | — |
| Dividends | $809M | $855M | $921M | $969M | $1.1B |
| Cash | $2.6B | $2.1B | $2.2B | $1.7B | $2.8B |
| Total debt | $3.9B | $7.1B | $6.3B | $6.0B | $7.1B |
| Equity | $8.1B | $9.0B | $8.8B | $10.3B | $12.3B |
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