- US-listed companies
- CUMMINS INC
CUMMINS INCCMI
Market cap
$42.6B
P/E ratio
50.8x
Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | |
Revenues | 13,226 | 18,048 | 17,334 | 17,301 | 19,221 | 19,110 | 17,509 | 20,428 | 23,771 | 23,571 | 19,811 | 24,021 | 28,074 | 34,065 |
Cost of sales | 10,058 | 13,459 | 12,826 | 12,918 | 14,360 | 14,163 | 13,057 | 15,338 | 18,034 | 17,591 | 14,917 | 18,326 | 21,355 | 25,816 |
Gross Margin | 3,168 | 4,589 | 4,508 | 4,383 | 4,861 | 4,947 | 4,452 | 5,090 | 5,737 | 5,980 | 4,894 | 5,695 | 6,719 | 8,249 |
Selling, General and Administrative Expense | 1,487 | 1,837 | 1,900 | 1,920 | 2,095 | 2,092 | 2,046 | 2,390 | 2,437 | 2,454 | 2,125 | 2,374 | 2,687 | 3,333 |
Research and Development Expense | 414 | 629 | 728 | 713 | 754 | 735 | 636 | 752 | 902 | 1,001 | 906 | 1,090 | 1,278 | 1,500 |
Income (Loss) from Equity Method Investments | - | - | - | - | - | - | - | 357 | 394 | 330 | 452 | 506 | 349 | 483 |
Other operating expense, net (Note 2) | -16 | 21 | -16 | -10 | -17 | -77 | -5 | 65 | -6 | -36 | -46 | -31 | -174 | -2,138 |
OPERATING INCOME | 1,602 | 2,681 | 2,254 | 2,101 | 2,365 | 2,057 | 1,928 | 2,365 | 2,786 | 2,700 | 2,269 | 2,706 | 2,929 | 1,761 |
Interest expense | 40 | 44 | 32 | 41 | 64 | 65 | 69 | 81 | 114 | 109 | 100 | 111 | 199 | 375 |
Other income, net | 34 | - | 24 | 32 | 110 | 9 | 48 | 63 | 46 | 197 | 169 | 156 | 89 | 240 |
INCOME BEFORE INCOME TAXES | - | 2,671 | 2,271 | 2,119 | 2,434 | 2,025 | 1,930 | 2,365 | 2,753 | 2,834 | 2,338 | 2,751 | 2,819 | - |
INCOME BEFORE INCOME TAXES | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,626 |
Income tax expense (Note 5) | 477 | 725 | 533 | 531 | 698 | 555 | 474 | 1,371 | 566 | 566 | 527 | 587 | 636 | 786 |
CONSOLIDATED NET INCOME | 1,140 | 1,946 | 1,738 | 1,588 | 1,736 | 1,470 | 1,456 | 994 | 2,187 | 2,268 | 1,811 | 2,164 | 2,183 | 840 |
Less: Net income attributable to noncontrolling interests | 100 | 98 | 93 | 105 | 85 | 71 | 62 | -5 | 46 | 8 | 22 | 33 | 32 | 105 |
Cummins share of net income | - | 1,848 | 1,645 | 1,483 | 1,651 | 1,399 | 1,394 | 999 | 2,141 | 2,260 | 1,789 | 2,131 | 2,151 | 735 |
Earnings Per Share, Basic | 5.29 | 9.58 | 8.69 | 7.93 | 9.04 | 7.86 | 8.25 | 5.99 | 13.2 | 14.54 | 12.07 | 14.74 | 15.2 | 5.19 |
Earnings Per Share, Diluted | 5.28 | 9.55 | 8.67 | 7.91 | 9.02 | 7.84 | 8.23 | 5.97 | 13.15 | 14.48 | 12.01 | 14.61 | 15.12 | 5.15 |