Cummins (CMI) Revenue & Revenue Breakdown
Cummins Revenue Highlights
Latest Revenue (Y)
$34.06B
Latest Revenue (Q)
$15.40B
Main Segment (Y)
On-highway
Main Geography (Y)
UNITED STATES
Cummins Revenue by Period
Cummins Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $34.06B | 21.34% |
| 2022-12-31 | $28.07B | 16.87% |
| 2021-12-31 | $24.02B | 21.25% |
| 2020-12-31 | $19.81B | -15.95% |
| 2019-12-31 | $23.57B | -0.84% |
| 2018-12-31 | $23.77B | 16.36% |
| 2017-12-31 | $20.43B | 16.67% |
| 2016-12-31 | $17.51B | -8.38% |
| 2015-12-31 | $19.11B | -0.58% |
| 2014-12-31 | $19.22B | 11.10% |
| 2013-12-31 | $17.30B | -0.19% |
| 2012-12-31 | $17.33B | -3.96% |
| 2011-12-31 | $18.05B | 36.46% |
| 2010-12-31 | $13.23B | 22.46% |
| 2009-12-31 | $10.80B | -24.70% |
| 2008-12-31 | $14.34B | 9.92% |
| 2007-12-31 | $13.05B | 14.84% |
| 2006-12-31 | $11.36B | 14.56% |
| 2005-12-31 | $9.92B | 17.54% |
| 2004-12-31 | $8.44B | 34.02% |
| 2003-12-31 | $6.30B | 7.57% |
| 2002-12-31 | $5.85B | 3.03% |
| 2001-12-31 | $5.68B | -13.89% |
| 2000-12-31 | $6.60B | -0.63% |
| 1999-12-31 | $6.64B | 5.95% |
| 1998-12-31 | $6.27B | 11.40% |
| 1997-12-31 | $5.63B | 7.00% |
| 1996-12-31 | $5.26B | 0.23% |
| 1995-12-31 | $5.25B | 10.72% |
| 1994-12-31 | $4.74B | 11.52% |
| 1993-12-31 | $4.25B | - |
Cummins generated $34.06B in revenue during NA 2023, up 21.34% compared to the previous quarter, and up 143.30% compared to the same period a year ago.
Cummins Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $15.40B | 83.26% |
| 2024-03-31 | $8.40B | -1.64% |
| 2023-12-31 | $8.54B | 1.33% |
| 2023-09-30 | $8.43B | -2.40% |
| 2023-06-30 | $8.64B | 2.19% |
| 2023-03-31 | $8.45B | 8.79% |
| 2022-12-31 | $7.77B | 5.96% |
| 2022-09-30 | $7.33B | 11.34% |
| 2022-06-30 | $6.59B | 3.15% |
| 2022-03-31 | $6.38B | 9.15% |
| 2021-12-31 | $5.85B | -1.98% |
| 2021-10-03 | $5.97B | -2.34% |
| 2021-07-04 | $6.11B | 0.31% |
| 2021-04-04 | $6.09B | 4.49% |
| 2020-12-31 | $5.83B | 13.91% |
| 2020-09-27 | $5.12B | 32.87% |
| 2020-06-28 | $3.85B | -23.13% |
| 2020-03-29 | $5.01B | -10.16% |
| 2019-12-31 | $5.58B | -3.29% |
| 2019-09-29 | $5.77B | -7.28% |
| 2019-06-30 | $6.22B | 3.61% |
| 2019-03-31 | $6.00B | -1.99% |
| 2018-12-31 | $6.13B | 3.08% |
| 2018-09-30 | $5.94B | -3.08% |
| 2018-07-01 | $6.13B | 10.09% |
| 2018-04-01 | $5.57B | 1.72% |
| 2017-12-31 | $5.48B | 3.61% |
| 2017-10-01 | $5.29B | 4.08% |
| 2017-07-02 | $5.08B | 10.66% |
| 2017-04-02 | $4.59B | 1.91% |
| 2016-12-31 | $4.50B | 7.55% |
| 2016-10-02 | $4.19B | -7.53% |
| 2016-07-03 | $4.53B | 5.52% |
| 2016-04-03 | $4.29B | -9.97% |
| 2015-12-31 | $4.77B | 3.16% |
| 2015-09-27 | $4.62B | -7.88% |
| 2015-06-28 | $5.01B | 6.50% |
| 2015-03-29 | $4.71B | -7.49% |
| 2014-12-31 | $5.09B | 4.09% |
| 2014-09-28 | $4.89B | 1.14% |
| 2014-06-29 | $4.83B | 9.74% |
| 2014-03-30 | $4.41B | -3.97% |
| 2013-12-31 | $4.59B | 7.55% |
| 2013-09-29 | $4.27B | -5.72% |
| 2013-06-30 | $4.53B | 15.37% |
| 2013-03-31 | $3.92B | -8.62% |
| 2012-12-31 | $4.29B | 4.23% |
| 2012-09-30 | $4.12B | -7.50% |
| 2012-07-01 | $4.45B | -0.45% |
| 2012-04-01 | $4.47B | -9.12% |
| 2011-12-31 | $4.92B | 6.38% |
| 2011-09-25 | $4.63B | -0.32% |
| 2011-06-26 | $4.64B | 20.23% |
| 2011-03-27 | $3.86B | -6.74% |
| 2010-12-31 | $4.14B | 21.70% |
| 2010-09-26 | $3.40B | 6.02% |
| 2010-06-27 | $3.21B | 29.46% |
| 2010-03-28 | $2.48B | -27.12% |
| 2009-12-31 | $3.40B | 34.39% |
| 2009-09-27 | $2.53B | 4.07% |
| 2009-06-28 | $2.43B | -0.33% |
| 2009-03-29 | $2.44B | -25.82% |
| 2008-12-31 | $3.29B | -10.97% |
| 2008-09-28 | $3.69B | -4.99% |
| 2008-06-29 | $3.89B | 11.89% |
| 2008-03-30 | $3.47B | - |
Cummins generated $15.40B in revenue during Q2 2024, up 83.26% compared to the previous quarter, and up 182.17% compared to the same period a year ago.
Cummins Revenue Breakdown
Cummins Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Heavy-duty truck | $3.39B | $3.00B | $2.51B | $1.80B | $2.63B |
| Generator technologies | $457.00M | $450.00M | $349.00M | $262.00M | $348.00M |
| Medium-duty truck and bus | $2.62B | $2.41B | $1.98B | $1.63B | $2.24B |
| On-highway | $7.76B | $7.11B | $6.33B | $4.87B | $6.53B |
| Off-highway | $1.11B | $1.09B | $1.25B | $1.05B | $1.04B |
| PSBU - Power Generation | $1.70B | $1.66B | $1.48B | $1.16B | $1.41B |
| Parts | $4.05B | $3.81B | $3.14B | $2.92B | $3.28B |
| Service | $1.66B | $1.55B | $1.36B | $1.26B | $1.47B |
| Engine Product Line | $1.99B | $1.77B | $1.49B | $1.25B | $1.51B |
| Emission solutions | $3.42B | $3.09B | $3.14B | $2.35B | $2.76B |
| Eaton Automated Transmission Technologies | $714.00M | $593.00M | $481.00M | $303.00M | $534.00M |
| Light-duty automotive | $1.75B | $1.70B | $1.84B | $1.44B | $1.66B |
| Industrial | $970.00M | $843.00M | $820.00M | $638.00M | $908.00M |
| Filtration | - | $1.26B | $1.17B | $1.00B | $1.02B |
| Electronics and Fuel systems | - | $224.00M | $351.00M | $317.00M | $236.00M |
| DBU - Power Generation | - | $1.77B | $1.75B | $1.69B | $1.78B |
| Turbo technologies | - | $806.00M | $787.00M | $673.00M | $696.00M |
Cummins's latest annual revenue breakdown by segment (product or service), as of Dec 23: On-highway (24.56%), Parts (12.82%), Emission solutions (10.84%), Heavy-duty truck (10.73%), Medium-duty truck and bus (8.30%), Engine Product Line (6.29%), Light-duty automotive (5.53%), PSBU - Power Generation (5.37%), Service (5.27%), Off-highway (3.52%), Industrial (3.07%), Eaton Automated Transmission Technologies (2.26%), and Generator technologies (1.45%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Apr 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Engine | $3.15B | $2.93B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Components | $2.98B | $3.33B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Power Systems | $1.59B | $1.39B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Distribution | $2.83B | $2.54B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Industrial | - | $238.00M | $300.00M | $263.00M | $218.00M | $189.00M | $216.00M | $226.00M | $213.00M | $188.00M | $199.00M | $209.00M | $233.00M | $179.00M | $161.00M | $167.00M | $145.00M | $165.00M | $204.00M | $227.00M |
| DBU - Power Generation | - | $705.00M | $609.00M | $491.00M | $501.00M | $428.00M | $440.00M | $398.00M | $449.00M | $437.00M | $452.00M | $416.00M | $520.00M | $415.00M | $376.00M | $375.00M | $485.00M | $466.00M | - | - |
| Eaton Automated Transmission Technologies | - | $165.00M | $169.00M | $187.00M | $180.00M | $178.00M | $157.00M | $159.00M | $143.00M | $134.00M | $107.00M | $112.00M | $147.00M | $115.00M | $88.00M | $90.00M | $43.00M | $82.00M | $83.00M | $146.00M |
| Emission solutions | - | $856.00M | $841.00M | $803.00M | $842.00M | $939.00M | $763.00M | $748.00M | $767.00M | $808.00M | $676.00M | $699.00M | $801.00M | $966.00M | $776.00M | $612.00M | $394.00M | $570.00M | $619.00M | $660.00M |
| Engine Product Line | - | $422.00M | $497.00M | $507.00M | $527.00M | $456.00M | $455.00M | $449.00M | $428.00M | $438.00M | $435.00M | $376.00M | $349.00M | $333.00M | $369.00M | $278.00M | $276.00M | $322.00M | $367.00M | $363.00M |
| Generator technologies | - | $110.00M | $103.00M | $115.00M | $129.00M | $110.00M | $119.00M | $122.00M | $113.00M | $96.00M | $98.00M | $84.00M | $85.00M | $82.00M | $71.00M | $66.00M | $59.00M | $66.00M | $82.00M | $84.00M |
| Heavy-duty truck | - | $811.00M | $790.00M | $885.00M | $856.00M | $860.00M | $763.00M | $751.00M | $797.00M | $684.00M | $570.00M | $662.00M | $666.00M | $613.00M | $574.00M | $486.00M | $221.00M | $519.00M | $514.00M | $635.00M |
| Light-duty automotive | - | $438.00M | $412.00M | $451.00M | $444.00M | $441.00M | $327.00M | $465.00M | $425.00M | $487.00M | $413.00M | $492.00M | $466.00M | $474.00M | $466.00M | $502.00M | $146.00M | $327.00M | $440.00M | $451.00M |
| Medium-duty truck and bus | - | $738.00M | $662.00M | $656.00M | $687.00M | $617.00M | $618.00M | $583.00M | $620.00M | $591.00M | $517.00M | $501.00M | $477.00M | $483.00M | $452.00M | $389.00M | $298.00M | $490.00M | $479.00M | $525.00M |
| Off-highway | - | $253.00M | $259.00M | $244.00M | $276.00M | $334.00M | $287.00M | $264.00M | $250.00M | $287.00M | $313.00M | $306.00M | $311.00M | $325.00M | $300.00M | $240.00M | $272.00M | $243.00M | $258.00M | $211.00M |
| On-highway | - | $1.99B | $1.86B | $1.99B | $1.99B | $1.92B | $1.71B | $1.80B | $1.84B | $1.76B | $1.50B | $1.66B | $1.61B | $1.57B | $1.49B | $1.38B | $665.00M | $1.34B | $1.43B | $1.61B |
| PSBU - Power Generation | - | $360.00M | $451.00M | $420.00M | $447.00M | $380.00M | $426.00M | $425.00M | $408.00M | $399.00M | $354.00M | $395.00M | $381.00M | $351.00M | $328.00M | $334.00M | $224.00M | $269.00M | $354.00M | $372.00M |
| Parts | - | $997.00M | $998.00M | $991.00M | $1.01B | $1.05B | $954.00M | $942.00M | $987.00M | $926.00M | $823.00M | $796.00M | $763.00M | $754.00M | $766.00M | $719.00M | $653.00M | $783.00M | $814.00M | $796.00M |
| Service | - | $405.00M | $415.00M | $420.00M | $429.00M | $400.00M | $401.00M | $413.00M | $392.00M | $349.00M | $343.00M | $343.00M | $349.00M | $324.00M | $332.00M | $303.00M | $296.00M | $327.00M | $365.00M | $376.00M |
| Filtration | - | - | - | $324.00M | $341.00M | $342.00M | $310.00M | $322.00M | $319.00M | $308.00M | $279.00M | $288.00M | $303.00M | $301.00M | $290.00M | $260.00M | $206.00M | $249.00M | $253.00M | $249.00M |
| Turbo technologies | - | - | - | - | - | - | $209.00M | $205.00M | $195.00M | $197.00M | $178.00M | $177.00M | $207.00M | $225.00M | $210.00M | $163.00M | $142.00M | $158.00M | $174.00M | $151.00M |
| Electronics and Fuel systems | - | - | - | - | - | - | $47.00M | $54.00M | $53.00M | $70.00M | $65.00M | $71.00M | $98.00M | $117.00M | $94.00M | $76.00M | $91.00M | $56.00M | $69.00M | $47.00M |
Cummins's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Engine (29.86%), Components (28.26%), Distribution (26.81%), and Power Systems (15.06%).
Cummins Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Non-US | $9.97B | $8.74B | $7.23B | $5.69B | $6.87B |
| UNITED STATES | $19.30B | $15.55B | $12.49B | $10.61B | $13.52B |
Cummins's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (65.94%), and Non-US (34.06%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Apr 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $5.12B | $4.79B | $4.68B | $4.89B | $4.94B | $4.80B | $4.19B | $4.12B | $3.79B | $3.46B | $2.99B | $3.18B | $3.26B | $3.06B | $3.08B | $2.81B | $1.86B | $2.85B | $3.06B | $3.41B |
| Non-US | $2.50B | $2.45B | $2.54B | $2.45B | $2.53B | $2.45B | $2.55B | $2.26B | $1.97B | $1.97B | $1.87B | $1.82B | $1.80B | $1.75B | $1.68B | $1.44B | $1.11B | $1.47B | $1.68B | $1.69B |
Cummins's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (67.14%), and Non-US (32.86%).
Cummins Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CMI | Cummins | $34.06B | $15.40B |
| ETN | Eaton | $23.20B | $6.35B |
| PH | Parker-Hannifin | $19.93B | $5.07B |
| ITW | Illinois Tool Works | $16.11B | $4.03B |
| EMR | Emerson Electric | $15.16B | $4.38B |
| ROK | Rockwell Automation | $9.06B | $2.13B |
| DOV | Dover | $8.44B | $2.18B |
| IR | Ingersoll Rand | $6.88B | $1.81B |
| PNR | Pentair | $4.10B | $1.10B |
| AOS | A. O. Smith | $3.85B | $1.02B |
CMI Revenue FAQ
What is Cummins’s yearly revenue?
Cummins's yearly revenue for 2023 was $34.06B, representing an increase of 21.34% compared to 2022. The company's yearly revenue for 2022 was $28.07B, representing an increase of 16.87% compared to 2021. CMI's yearly revenue for 2021 was $24.02B, representing an increase of 21.25% compared to 2020.
What is Cummins’s quarterly revenue?
Cummins's quarterly revenue for Q2 2024 was $15.4B, a 83.26% increase from the previous quarter (Q1 2024), and a 78.27% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $8.4B, a -1.64% decrease from the previous quarter (Q4 2023), and a -0.59% decrease year-over-year (Q1 2023). CMI's quarterly revenue for Q4 2023 was $8.54B, a 1.33% increase from the previous quarter (Q3 2023), and a 9.95% increase year-over-year (Q4 2022).
What is Cummins’s revenue growth rate?
Cummins's revenue growth rate for the last 3 years (2021-2023) was 41.81%, and for the last 5 years (2019-2023) was 44.52%.
What are Cummins’s revenue streams?
Cummins's revenue streams in c 23 are Heavy-duty truck, Generator technologies, Medium-duty truck and bus, On-highway, Off-highway, PSBU - Power Generation, Parts, Service, Engine Product Line, Emission solutions, Eaton Automated Transmission Technologies, Light-duty automotive, and Industrial. Heavy-duty truck generated $3.39B in revenue, accounting 10.73% of the company's total revenue, up 13.22% year-over-year. Generator technologies generated $457M in revenue, accounting 1.45% of the company's total revenue, up 1.56% year-over-year. Medium-duty truck and bus generated $2.62B in revenue, accounting 8.30% of the company's total revenue, up 8.71% year-over-year. On-highway generated $7.76B in revenue, accounting 24.56% of the company's total revenue, up 9.14% year-over-year. Off-highway generated $1.11B in revenue, accounting 3.52% of the company's total revenue, up 2.30% year-over-year. PSBU - Power Generation generated $1.7B in revenue, accounting 5.37% of the company's total revenue, up 2.41% year-over-year. Parts generated $4.05B in revenue, accounting 12.82% of the company's total revenue, up 6.38% year-over-year. Service generated $1.66B in revenue, accounting 5.27% of the company's total revenue, up 7.01% year-over-year. Engine Product Line generated $1.99B in revenue, accounting 6.29% of the company's total revenue, up 12.26% year-over-year. Emission solutions generated $3.42B in revenue, accounting 10.84% of the company's total revenue, up 10.99% year-over-year. Eaton Automated Transmission Technologies generated $714M in revenue, accounting 2.26% of the company's total revenue, up 20.40% year-over-year. Light-duty automotive generated $1.75B in revenue, accounting 5.53% of the company's total revenue, up 2.58% year-over-year. Industrial generated $970M in revenue, accounting 3.07% of the company's total revenue, up 15.07% year-over-year.
What is Cummins’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Cummins was On-highway. This segment made a revenue of $7.76B, representing 24.56% of the company's total revenue.