Operating Income for Cummins (CMI)
According to Cummins's latest reported financial statements, the company's current operating income (TTM) is $4.00B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMI
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.00B
YoY change
+6.5%
5Y CAGR
+12.0%
Peak year (2025)
$4.00B
Cumulative operating income
$47.92B
Operating Income history chart for Cummins (CMI) from 1985 to 2025
Operating Income history table for Cummins (CMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.00B | +6.5% | ||
| 2024 | $3.75B | +112.9% | ||
| 2023 | $1.76B | -39.9% | ||
| 2022 | $2.93B | +8.2% | ||
| 2021 | $2.71B | +19.3% | ||
| 2020 | $2.27B | -16.0% | ||
| 2019 | $2.70B | -3.1% | ||
| 2018 | $2.79B | +19.4% | ||
| 2017 | $2.33B | +24.1% | ||
| 2016 | $1.88B | -8.6% | ||
| 2015 | $2.06B | -13.0% | ||
| 2014 | $2.37B | +12.6% | ||
| 2013 | $2.10B | -6.8% | ||
| 2012 | $2.25B | -15.9% | ||
| 2011 | $2.68B | +67.4% | ||
| 2010 | $1.60B | +134.9% | ||
| 2009 | $682.00M | -46.4% | ||
| 2008 | $1.27B | +9.8% | ||
| 2007 | $1.16B | +2.4% | ||
| 2006 | $1.13B | +48.2% | ||
| 2005 | $763.00M | +80.0% | ||
| 2004 | $424.00M | +355.9% | ||
| 2003 | $93.00M | -19.8% | ||
| 2002 | $116.00M | -314.8% | ||
| 2001 | -$54.00M | -157.4% | ||
| 2000 | $94.00M | -71.7% | ||
| 1999 | $332.00M | +304.9% | ||
| 1998 | $82.00M | -70.3% | ||
| 1997 | $276.00M | +32.7% | ||
| 1996 | $208.00M | +5.1% | ||
| 1995 | $198.00M | -35.6% | ||
| 1994 | $307.50M | +23.9% | ||
| 1993 | $248.10M | +90.1% | ||
| 1992 | $130.50M | +1273.7% | ||
| 1991 | $9.50M | -135.2% | ||
| 1990 | -$27.00M | -148.9% | ||
| 1989 | $55.20M | -8.6% | ||
| 1988 | $60.40M | -23.5% | ||
| 1987 | $79.00M | +1580.9% | ||
| 1986 | $4.70M | -95.8% | ||
| 1985 | $110.70M | — |
Operating Income 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
The 2025 reading of Cummins (CMI) operating income is $4.00B – grew 6.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Cummins operating income compounded at +12.0% per year, sustaining 2 straight years of year-over-year growth.
$4.00B stands as the all-time-high annual operating income, posted in 2025, against a low of -$54.00M during 2001.
Among 8 Industrials peers, Cummins (CMI) ranks 8th; the peer median for operating income is $8.59B.
Cummins Operating Income by Year
Cummins Operating Income 2025: $4.00B
Cummins operating income in 2025 was $4.00B, grew 6.5% from 2024. This figure represents the highest annual value in the available history.
Cummins Operating Income 2024: $3.75B
Cummins operating income in 2024 was $3.75B, surged 112.9% from 2023.
Cummins Operating Income 2023: $1.76B
Cummins operating income in 2023 was $1.76B, plunged 39.9% below 2022.
Cummins Operating Income 2022: $2.93B
Cummins operating income in 2022 was $2.93B, grew 8.2% from 2021.
Cummins Operating Income 2021: $2.71B
Cummins operating income in 2021 was $2.71B.
See more financial history for Cummins (CMI).
Sector peers — Operating Income
Companies in the same sector as Cummins, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Cummins's operating income?
- Latest reported operating income for Cummins (CMI) is $4.00B (period ending December 31, 2025).
How has Cummins operating income changed year-over-year?
- Cummins (CMI) operating income changed +6.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins operating income?
- Cummins (CMI) operating income compound annual growth rate is +12.0% over the most recent 5 years available.
When did Cummins operating income hit its highest annual value?
- Cummins operating income reached its highest annual value of $4.00B in 2025.
What was Cummins operating income in 2024?
- Cummins (CMI) operating income in 2024 was $3.75B.
What was Cummins operating income in 2025?
- Cummins (CMI) operating income in 2025 was $4.00B.
Metrics overview
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