EBITDA for Cummins (CMI)
According to Cummins's latest reported financial statements, the company's current EBITDA (TTM) is $5.38B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMI
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$5.38B
YoY change
-15.0%
5Y CAGR
+11.6%
Peak year (2024)
$6.34B
Cumulative EBITDA
$66.79B
EBITDA history chart for Cummins (CMI) from 1985 to 2025
EBITDA history table for Cummins (CMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $5.38B | -15.0% | ||
| 2024 | $6.34B | +109.5% | ||
| 2023 | $3.02B | -20.4% | ||
| 2022 | $3.80B | +7.9% | ||
| 2021 | $3.52B | +13.3% | ||
| 2020 | $3.11B | -13.9% | ||
| 2019 | $3.62B | +3.9% | ||
| 2018 | $3.48B | +14.8% | ||
| 2017 | $3.03B | +19.8% | ||
| 2016 | $2.53B | -2.9% | ||
| 2015 | $2.60B | -11.8% | ||
| 2014 | $2.95B | +15.0% | ||
| 2013 | $2.57B | -3.6% | ||
| 2012 | $2.66B | -12.4% | ||
| 2011 | $3.04B | +53.8% | ||
| 2010 | $1.98B | +97.5% | ||
| 2009 | $1.00B | -34.7% | ||
| 2008 | $1.53B | +5.9% | ||
| 2007 | $1.45B | +1.5% | ||
| 2006 | $1.43B | +35.0% | ||
| 2005 | $1.06B | +53.2% | ||
| 2004 | $690.00M | +123.3% | ||
| 2003 | $309.00M | -4.3% | ||
| 2002 | $323.00M | +8.0% | ||
| 2001 | $299.00M | -38.7% | ||
| 2000 | $488.00M | -21.9% | ||
| 1999 | $625.00M | +25.5% | ||
| 1998 | $498.00M | +14.7% | ||
| 1997 | $434.00M | +21.6% | ||
| 1996 | $357.00M | -22.2% | ||
| 1995 | $459.00M | +5.5% | ||
| 1994 | $435.20M | +16.6% | ||
| 1993 | $373.20M | +47.5% | ||
| 1992 | $253.00M | +85.1% | ||
| 1991 | $136.70M | +17.4% | ||
| 1990 | $116.40M | -38.8% | ||
| 1989 | $190.20M | -1.0% | ||
| 1988 | $192.20M | -3.1% | ||
| 1987 | $198.40M | +78.3% | ||
| 1986 | $111.30M | -41.4% | ||
| 1985 | $189.90M | — |
EBITDA values are taken from Cummins's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual EBITDA for Cummins (CMI) came in at $5.38B – declined 15.0% year-over-year.
Through 2020–2025 (5 years), Cummins EBITDA delivered a +11.6% annualised rate; with the latest reading among the more recent periods of the dataset.
Cummins EBITDA peaked at $6.34B in 2024; the latest annual figure is $5.38B in 2025 (15.0% below peak).
The highest annual EBITDA of $6.34B was reported in 2024. The lowest in the available history was $111.30M in 1986.
Among 8 Industrials peers, Cummins (CMI) ranks 9th; the peer median for EBITDA is $11.86B.
Cummins EBITDA by Year
Cummins EBITDA 2025: $5.38B
Cummins EBITDA in 2025 was $5.38B, declined 15.0% below 2024.
Cummins EBITDA 2024: $6.34B
Cummins EBITDA in 2024 was $6.34B, surged 109.5% from 2023. This figure represents the highest annual value in the available history.
Cummins EBITDA 2023: $3.02B
Cummins EBITDA in 2023 was $3.02B, declined 20.4% below 2022.
Cummins EBITDA 2022: $3.80B
Cummins EBITDA in 2022 was $3.80B, grew 7.9% from 2021.
Cummins EBITDA 2021: $3.52B
Cummins EBITDA in 2021 was $3.52B.
See more financial history for Cummins (CMI).
Sector peers — EBITDA
Companies in the same sector as Cummins, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $14.86B | Industrials |
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
Frequently asked questions
What is Cummins's EBITDA?
- Latest reported EBITDA for Cummins (CMI) is $5.38B (period ending December 31, 2025).
How has Cummins EBITDA changed year-over-year?
- Cummins (CMI) EBITDA changed -15.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins EBITDA?
- Cummins (CMI) EBITDA compound annual growth rate is +11.6% over the most recent 5 years available.
When did Cummins EBITDA hit its highest annual value?
- Cummins EBITDA reached its highest annual value of $6.34B in 2024.
What was Cummins EBITDA in 2024?
- Cummins (CMI) EBITDA in 2024 was $6.34B.
What was Cummins EBITDA in 2025?
- Cummins (CMI) EBITDA in 2025 was $5.38B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
CMI Overview
Company profile, financial tools, and key metrics
CMI Revenue Counter
Earns $1,068 every second. See per minute, hour, and day.
CMI Earnings Counter
Earns $90.15 per second net profit. See per minute, hour, and day.
CMI Economic Scale
Exceeds Iceland's GDP. Compare with world economies.
CMI What If Invested
What if you had invested $1,000? See historical returns from any date.
CMI How It Makes Money
Discover visual breakdown of $33.67B in revenue — where it comes from and where it goes.
CMI Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
CMI Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
CMI Daily Price Character
Balanced · 46.4% historical win rate (green days). Streaks & record days.
CMI Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
CMI Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
CMI Dividend Profile
Yield: 1.22%. Safety: 7/8. See full history.
CMI Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
CMI Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.