Cummins (CMI) 10-K Summaries & Annual Filing History
Review Cummins Inc. (CMI) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Cummins Inc. filed its annual report for the most recent fiscal year. The company reported a decline in revenue compared to the prior year, while operating income and net income remained substantial.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$33.7B
Revenue reported for the fiscal year.
Operating income
$4B
Income from operations reported for the year.
Net income
$3B
Net income reported for the year.
Operating cash flow
$3.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $28.1B | +16.9% |
| Dec 31, 2023 | $34.1B | +21.3% |
| Dec 31, 2024 | $34.1B | +0.1% |
| Dec 31, 2025 | $33.7B | -1.3% |
Business overview
Cummins is a global power leader founded in 1919, offering a broad portfolio across five reportable segments: Engine, Components, Distribution, Power Systems, and Accelera. Its products include advanced diesel, electric and hybrid powertrains, integrated power generation systems, critical components, and zero-emissions technologies. The company serves customers worldwide through a vast network of distributor and dealer locations in approximately one hundred ninety countries and territories.
Financial performance
Revenue for the period decreased slightly compared to the prior year. Operating income and net income both remained at significant levels, and operating cash flow was robust.
Material risks
The filing includes forward-looking statements that are subject to risks and uncertainties, including those related to industry conditions and management's beliefs and assumptions. The company also faces risks associated with its global operations and the energy transition.
Liquidity and capital
The filing discusses liquidity and capital resources, but no specific capital allocation themes are detailed in the supplied context.
What to watch
Monitor the revenue trend in the next filing, as it declined slightly in the current period after several years of growth.