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Earnings transcript
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CMI
Cummins Inc.
$669.21
9.07
(1.37%)
| Exchange: | NYSE |
| Market Cap: | 92.344B |
| Shares Outstanding: | 76.364M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Machinery | |||||
| CEO: | Jennifer W. Rumsey | |||||
| Full Time Employees: | 69600 | |||||
| Address: |
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| Website: | https://www.cummins.com |
Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company’s extensive engine portfolio, available under the Cummins brand and others, powers a vast range of heavy and medium-duty applications, including commercial trucks, buses, recreational vehicles, light-duty automobiles, construction and mining equipment, marine vessels, railway systems, oil and gas operations, defense, and agriculture. Complementing these engines, Cummins provides both new and remanufactured parts and comprehensive servicing. Beyond its core engine offerings, Cummins delivers sophisticated power generation systems, high-horsepower engines, and specialized application engineering. It also offers custom-designed assemblies, retail and wholesale aftermarket components, and expert repair services conducted both in-shop and on-site. The company’s technological scope extends to emission control solutions, turbochargers, a variety of filtration systems (for air, fuel, lubricants, and hydraulics), coolants, fuel additives, and advanced electronic control modules, sensors, and supporting software. Fuel systems, both new and reconditioned, are also a key part of their product line, as are automated transmissions. For electrical power generation, Cummins provides standby and primary power generators, complete with controls, paralleling systems, and transfer switches, featuring products like Stamford and AVK A/C alternators. Embracing future energy demands, the company is a frontrunner in electrified power systems, encompassing battery technologies, fuel cells, and hydrogen production. This includes a robust offering of filtration, aftertreatment, control, air handling systems, automated transmissions, electric power generation, and battery solutions. Cummins distributes its diverse product range to original equipment manufacturers, an extensive network of distributors and dealers, and various other clientele worldwide. Founded in 1919 as the Cummins Engine Company, the enterprise adopted its current name, Cummins Inc., in 2001 and maintains its headquarters in Columbus, Indiana.
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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 34,065,000 | 34,102,000 | 33,670,000 |
| Gross Profit | 8,249,000 | 8,439,000 | 8,516,000 |
| EBITDA | 3,025,000 | 6,338,000 | 5,397,000 |
| Operating Income | 1,761,000 | 3,750,000 | 3,865,000 |
| Net Income | 735,000 | 3,946,000 | 2,843,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 32,005,000 | 31,540,000 | 33,992,000 |
| Total Liabilities | 22,101,000 | 20,232,000 | 20,584,000 |
| Total Stockholders Equity | 8,850,000 | 10,271,000 | 12,349,000 |
| Total Debt | 7,208,000 | 7,598,000 | 7,239,000 |
| Cash and Cash Equivalents | 2,179,000 | 1,671,000 | 2,845,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,966,000 | 1,487,000 | 3,621,000 |
| Capital Expenditure | -1,213,000 | -1,208,000 | -1,235,000 |
| Free Cash Flow | 2,753,000 | 279,000 | 2,386,000 |
| Net Income | 840,000 | 4,068,000 | 2,843,000 |
| Net Change in Cash | 78,000 | -508,000 | 1,174,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 43,743,659.594 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 43,980,898.122 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 43,862,278.858 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 8,666,541.257 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 8,713,543.212 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 8,690,042.234 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 4,258,134.414 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 6,240,472.277 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,080,941.670 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,210,168.890 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 4,233,002.239 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 4,221,585.565 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 39.380 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 44.990 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 30.700 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 11 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 8 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CMI intrinsic value between $29.51 – $324.45 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about CMI valuation
Is Cummins Inc. (CMI) overvalued or undervalued right now?
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MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CMI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CMI’s P/E ratio?
You can see CMI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CMI?
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Whether CMI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CMI
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Daily snapshot
1.37
Trading Metrics:
| Open: | 655.74 | Previous Close: | 660.14 | |
| Day Low: | 651.78 | Day High: | 670.85 | |
| Year Low: | 329.42 | Year High: | 737.76 | |
| Price Avg 50: | 677.14 | Price Avg 200: | 558.8 | |
| Volume: | 701582 | Average Volume: | 984074 |
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