CUMMINS INCCMI

Market cap

$65.1B

P/E ratio

	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	Dec 31, 2024
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	34,102
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	25,663
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	8,439
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	3,275
Research and Development Expense	414	629	728	713	754	735	636	752	902	1,001	906	1,090	1,278	1,500	1,463
Income (Loss) from Equity Method Investments	-	-	-	-	-	-	-	357	394	330	452	506	349	483	395
Other operating expense, net	-16	21	-16	-10	-17	-77	-5	65	-6	-36	-46	-31	-174	-2,138	-346
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	3,750
Interest expense	40	44	32	41	64	65	69	81	114	109	100	111	199	375	370
Other income, net (Note 21)	34	-	24	32	110	9	48	63	46	197	169	156	89	240	1,523
INCOME BEFORE INCOME TAXES	-	-	-	-	-	-	-	-	-	-	-	-	-	1,626	4,903
Income tax expense (Note 4)	477	725	533	531	698	555	474	1,371	566	566	527	587	636	786	835
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	4,068
Less: Net income attributable to noncontrolling interests	100	98	93	105	85	71	62	-5	46	8	22	33	32	105	122
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	3,946
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	28.55
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	28.37