CMI - Cummins Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$561.57
DETAILS
HIGH:
$653.00
LOW:
$475.00
MEDIAN:
$573.00
CONSENSUS:
$561.57
DOWNSIDE:
3.00%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 34,102.0 | 34,065.0 | 28,074.0 | 24,021.0 | 19,811.0 | 23,571.0 | 23,771.0 | 20,428.0 | 17,509.0 | 19,110.0 |
| Cost of Revenue | 25,663.0 | 25,816.0 | 21,355.0 | 18,326.0 | 14,917.0 | 17,591.0 | 18,034.0 | 15,328.0 | 13,051.0 | 14,163.0 |
| Gross Profit | 8,439.0 | 8,249.0 | 6,719.0 | 5,695.0 | 4,894.0 | 5,980.0 | 5,737.0 | 5,100.0 | 4,458.0 | 4,947.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,463.0 | 1,500.0 | 1,278.0 | 1,090.0 | 906.0 | 1,001.0 | 902.0 | 752.0 | 636.0 | 735.0 |
| SG&A Expenses | 3,275.0 | 3,333.0 | 2,687.0 | 2,374.0 | 2,125.0 | 2,454.0 | 2,437.0 | 2,429.0 | 2,099.0 | 2,092.0 |
| Other Expenses | (49.0) | 1,655.0 | (175.0) | (475.0) | (406.0) | (175.0) | (388.0) | (417.0) | (158.0) | 63.0 |
| Operating Expenses | 4,689.0 | 6,488.0 | 3,790.0 | 2,989.0 | 2,625.0 | 3,280.0 | 2,951.0 | 2,766.0 | 2,578.0 | 2,890.0 |
| Operating Income | ||||||||||
| Operating Income | 3,750.0 | 1,761.0 | 2,929.0 | 2,706.0 | 2,269.0 | 2,700.0 | 2,786.0 | 2,334.0 | 1,880.0 | 2,057.0 |
| Interest Expense | 370.0 | 375.0 | 199.0 | 111.0 | 100.0 | 109.0 | 114.0 | 81.0 | 69.0 | 65.0 |
| Interest Income | 186.0 | 239.0 | 125.0 | 82.0 | 95.0 | 59.0 | 58.0 | 67.0 | 64.0 | 66.0 |
| Profitability | ||||||||||
| EBITDA | 6,338.0 | 3,025.0 | 3,802.0 | 3,524.0 | 3,111.0 | 3,615.0 | 3,478.0 | 3,029.0 | 2,529.0 | 2,604.0 |
| EBIT | 5,273.0 | 2,001.0 | 3,018.0 | 2,862.0 | 2,438.0 | 2,943.0 | 2,867.0 | 2,446.0 | 1,999.0 | 2,090.0 |
| Income Before Tax | 4,903.0 | 1,626.0 | 2,819.0 | 2,751.0 | 2,338.0 | 2,834.0 | 2,753.0 | 2,365.0 | 1,930.0 | 2,025.0 |
| Income Tax Expense | 835.0 | 786.0 | 636.0 | 587.0 | 527.0 | 566.0 | 566.0 | 1,371.0 | 474.0 | 555.0 |
| Net Income | 3,946.0 | 735.0 | 2,151.0 | 2,131.0 | 1,789.0 | 2,260.0 | 2,141.0 | 999.0 | 1,394.0 | 1,399.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 28.55 | 5.19 | 15.20 | 14.74 | 12.07 | 14.54 | 13.20 | 6.00 | 8.25 | 7.86 |
| EPS (Diluted) | 28.37 | 5.15 | 15.12 | 14.61 | 12.01 | 14.48 | 13.15 | 5.97 | 8.23 | 7.84 |
| Shares Outstanding | 138.2 | 141.7 | 141.5 | 144.6 | 148.2 | 155.4 | 162.2 | 166.6 | 169.0 | 178.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,671.0 | 2,179.0 | 2,101.0 | 2,592.0 | 3,401.0 | 1,129.0 | 1,303.0 | 1,369.0 | 1,120.0 | 1,711.0 |
| Short-Term Investments | 593.0 | 562.0 | 472.0 | 595.0 | 461.0 | 341.0 | 222.0 | 198.0 | 260.0 | 100.0 |
| Net Receivables | 5,181.0 | 5,583.0 | 5,202.0 | 3,990.0 | 3,820.0 | 3,670.0 | 3,866.0 | 3,618.0 | 3,025.0 | 2,820.0 |
| Inventory | 5,742.0 | 5,677.0 | 5,603.0 | 4,355.0 | 3,425.0 | 3,486.0 | 3,759.0 | 3,166.0 | 2,675.0 | 2,707.0 |
| Other Current Assets | 1,565.0 | 1,197.0 | 128.0 | 120.0 | 172.0 | 0.0 | 117.0 | 152.0 | 192.0 | 176.0 |
| Total Current Assets | 14,752.0 | 15,198.0 | 14,451.0 | 12,309.0 | 11,897.0 | 9,387.0 | 9,818.0 | 8,928.0 | 7,707.0 | 7,947.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 6,888.0 | 6,750.0 | 5,521.0 | 4,422.0 | 4,255.0 | 4,741.0 | 4,096.0 | 3,927.0 | 3,800.0 | 3,745.0 |
| Goodwill | 2,370.0 | 2,499.0 | 2,343.0 | 1,287.0 | 1,293.0 | 1,286.0 | 1,126.0 | 1,082.0 | 480.0 | 482.0 |
| Intangible Assets | 2,351.0 | 2,519.0 | 2,687.0 | 900.0 | 963.0 | 1,003.0 | 909.0 | 973.0 | 332.0 | 328.0 |
| Long-Term Investments | 1,889.0 | 1,800.0 | 1,759.0 | 1,538.0 | 1,441.0 | 1,237.0 | 1,222.0 | 1,156.0 | 946.0 | 975.0 |
| Other Non-Current Assets | 2,171.0 | 2,157.0 | 2,913.0 | 2,826.0 | 2,296.0 | 1,642.0 | 962.0 | 966.0 | 1,326.0 | 1,267.0 |
| Total Non-Current Assets | 16,788.0 | 16,807.0 | 15,848.0 | 11,401.0 | 10,727.0 | 10,350.0 | 9,244.0 | 9,147.0 | 7,304.0 | 7,187.0 |
| Total Assets | 31,540.0 | 32,005.0 | 30,299.0 | 23,710.0 | 22,624.0 | 19,737.0 | 19,062.0 | 18,075.0 | 15,011.0 | 15,134.0 |
| Current Liabilities | ||||||||||
| Account Payables | 3,951.0 | 4,260.0 | 4,252.0 | 3,021.0 | 2,820.0 | 2,534.0 | 2,822.0 | 2,579.0 | 1,854.0 | 1,706.0 |
| Short-Term Debt | 2,275.0 | 1,894.0 | 3,357.0 | 580.0 | 554.0 | 791.0 | 879.0 | 418.0 | 288.0 | 63.0 |
| Deferred Revenue | 1,347.0 | 1,220.0 | 1,004.0 | 855.0 | 691.0 | 533.0 | 498.0 | 500.0 | 468.0 | 403.0 |
| Other Current Liabilities | 1,084.0 | 1,108.0 | 1,886.0 | 1,710.0 | 1,576.0 | 560.0 | 1,409.0 | 1,292.0 | 1,303.0 | 1,222.0 |
| Total Current Liabilities | 11,234.0 | 12,903.0 | 11,421.0 | 7,084.0 | 6,335.0 | 6,260.0 | 6,384.0 | 5,677.0 | 4,325.0 | 3,803.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 4,784.0 | 4,802.0 | 4,498.0 | 3,579.0 | 3,531.0 | 1,576.0 | 1,597.0 | 1,588.0 | 1,568.0 | 1,576.0 |
| Deferred Tax Liabilities | 389.0 | 530.0 | 649.0 | 403.0 | 325.0 | 306.0 | 263.0 | 391.0 | (589.0) | (583.0) |
| Other Non-Current Liabilities | 2,351.0 | 2,526.0 | 2,294.0 | 2,067.0 | 2,200.0 | 1,939.0 | 1,799.0 | 1,530.0 | 1,279.0 | 1,422.0 |
| Total Non-Current Liabilities | 8,998.0 | 9,198.0 | 8,653.0 | 7,225.0 | 7,300.0 | 5,012.0 | 4,419.0 | 4,234.0 | 3,512.0 | 3,581.0 |
| Total Liabilities | 20,232.0 | 22,101.0 | 20,074.0 | 14,309.0 | 13,635.0 | 11,272.0 | 10,803.0 | 9,911.0 | 7,837.0 | 7,384.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 556.0 | 556.0 | 2,243.0 | 2,427.0 | 2,404.0 | 2,346.0 | 2,271.0 | 2,210.0 | 2,153.0 | 2,178.0 |
| Retained Earnings | 20,828.0 | 17,851.0 | 18,037.0 | 16,741.0 | 15,419.0 | 14,416.0 | 12,917.0 | 11,464.0 | 11,040.0 | 10,322.0 |
| Accumulated Other Comprehensive Income | (2,445.0) | (2,206.0) | (1,890.0) | (1,571.0) | (1,982.0) | (2,028.0) | (1,807.0) | (1,503.0) | (1,821.0) | (1,348.0) |
| Total Stockholders' Equity | 10,271.0 | 8,850.0 | 8,975.0 | 8,474.0 | 8,062.0 | 7,507.0 | 7,348.0 | 7,259.0 | 6,875.0 | 7,406.0 |
| Total Liabilities & Equity | 31,540.0 | 32,005.0 | 30,299.0 | 23,710.0 | 22,624.0 | 19,737.0 | 19,062.0 | 18,075.0 | 15,011.0 | 15,134.0 |
| Debt Metrics | ||||||||||
| Total Debt | 7,598.0 | 7,208.0 | 8,355.0 | 4,613.0 | 4,617.0 | 2,868.0 | 2,476.0 | 2,006.0 | 1,821.0 | 1,600.0 |
| Net Debt | 5,927.0 | 5,029.0 | 6,254.0 | 2,021.0 | 1,216.0 | 1,739.0 | 1,173.0 | 637.0 | 701.0 | (111.0) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,068.0 | 840.0 | 2,183.0 | 2,164.0 | 1,811.0 | 2,268.0 | 2,187.0 | 994.0 | 1,456.0 | 1,470.0 |
| Depreciation & Amortization | 1,065.0 | 1,024.0 | 784.0 | 662.0 | 673.0 | 672.0 | 611.0 | 583.0 | 530.0 | 514.0 |
| Stock-Based Compensation | 0.0 | 0.0 | 33.0 | 37.0 | 31.0 | 49.0 | 53.0 | 41.0 | 32.0 | 24.0 |
| Change in Working Capital | (2,165.0) | 2,484.0 | (1,006.0) | (365.0) | 554.0 | 209.0 | (410.0) | 331.0 | (66.0) | 32.0 |
| Other Non-Cash Items | (1,272.0) | 75.0 | 242.0 | (249.0) | (354.0) | (13.0) | 19.0 | (438.0) | (67.0) | 127.0 |
| Operating Cash Flow | 1,487.0 | 3,966.0 | 1,962.0 | 2,256.0 | 2,722.0 | 3,181.0 | 2,378.0 | 2,277.0 | 1,935.0 | 2,059.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1,208.0) | (1,213.0) | (916.0) | (786.0) | (575.0) | (775.0) | (784.0) | (587.0) | (594.0) | (799.0) |
| Acquisitions | (58.0) | (292.0) | (3,191.0) | (48.0) | (51.0) | (257.0) | (107.0) | (728.0) | (75.0) | (124.0) |
| Purchases of Investments | (1,500.0) | (1,409.0) | (1,073.0) | (806.0) | (593.0) | (495.0) | (368.0) | (194.0) | (478.0) | (282.0) |
| Sales/Maturities of Investments | 0.0 | 1,334.0 | 1,151.0 | 673.0 | 469.0 | 389.0 | 331.0 | 266.0 | 306.0 | 270.0 |
| Other Investing Activities | 984.0 | (63.0) | (143.0) | 94.0 | 31.0 | (12.0) | (46.0) | 191.0 | (76.0) | 17.0 |
| Investing Cash Flow | (1,782.0) | (1,643.0) | (4,172.0) | (873.0) | (719.0) | (1,150.0) | (974.0) | (1,052.0) | (917.0) | (918.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 915.0 | (1,054.0) | 2,814.0 | 6.0 | 1,614.0 | (152.0) | 457.0 | 38.0 | (52.0) | (73.0) |
| Stock Repurchased | 0.0 | 0.0 | (374.0) | (1,402.0) | (641.0) | (1,271.0) | (1,140.0) | (451.0) | (778.0) | (900.0) |
| Dividends Paid | (969.0) | (921.0) | (855.0) | (809.0) | (782.0) | (761.0) | (718.0) | (701.0) | (676.0) | (622.0) |
| Other Financing Activities | (119.0) | (202.0) | 84.0 | (22.0) | 89.0 | 13.0 | 1.0 | 40.0 | 93.0 | (49.0) |
| Financing Cash Flow | (173.0) | (2,177.0) | 1,669.0 | (2,227.0) | 280.0 | (2,095.0) | (1,400.0) | (1,074.0) | (1,413.0) | (1,644.0) |
| Cash Position | ||||||||||
| Net Change in Cash | (508.0) | 78.0 | (491.0) | (809.0) | 2,272.0 | (174.0) | (66.0) | 249.0 | (591.0) | (590.0) |
| Cash at Beginning | 2,179.0 | 2,101.0 | 2,592.0 | 3,401.0 | 1,129.0 | 1,303.0 | 1,369.0 | 1,120.0 | 1,711.0 | 2,301.0 |
| Cash at End | 1,671.0 | 2,179.0 | 2,101.0 | 2,592.0 | 3,401.0 | 1,129.0 | 1,303.0 | 1,369.0 | 1,120.0 | 1,711.0 |
| Free Cash Flow | 279.0 | 2,753.0 | 1,046.0 | 1,470.0 | 2,147.0 | 2,406.0 | 1,594.0 | 1,690.0 | 1,341.0 | 1,260.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 34,102.0 | 34,065.0 | 28,074.0 | 24,021.0 | 19,811.0 | 23,571.0 | 23,771.0 | 20,428.0 | 17,509.0 | 19,110.0 |
| Gross Profit | 8,439.0 | 8,249.0 | 6,719.0 | 5,695.0 | 4,894.0 | 5,980.0 | 5,737.0 | 5,100.0 | 4,458.0 | 4,947.0 |
| Operating Income | 3,750.0 | 1,761.0 | 2,929.0 | 2,706.0 | 2,269.0 | 2,700.0 | 2,786.0 | 2,334.0 | 1,880.0 | 2,057.0 |
| Net Income | 3,946.0 | 735.0 | 2,151.0 | 2,131.0 | 1,789.0 | 2,260.0 | 2,141.0 | 999.0 | 1,394.0 | 1,399.0 |
| EPS (Diluted) | 28.37 | 5.15 | 15.12 | 14.61 | 12.01 | 14.48 | 13.15 | 5.97 | 8.23 | 7.84 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 1,671.0 | 2,179.0 | 2,101.0 | 2,592.0 | 3,401.0 | 1,129.0 | 1,303.0 | 1,369.0 | 1,120.0 | 1,711.0 |
| Total Assets | 31,540.0 | 32,005.0 | 30,299.0 | 23,710.0 | 22,624.0 | 19,737.0 | 19,062.0 | 18,075.0 | 15,011.0 | 15,134.0 |
| Total Debt | 7,598.0 | 7,208.0 | 8,355.0 | 4,613.0 | 4,617.0 | 2,868.0 | 2,476.0 | 2,006.0 | 1,821.0 | 1,600.0 |
| Stockholders' Equity | 10,271.0 | 8,850.0 | 8,975.0 | 8,474.0 | 8,062.0 | 7,507.0 | 7,348.0 | 7,259.0 | 6,875.0 | 7,406.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,487.0 | 3,966.0 | 1,962.0 | 2,256.0 | 2,722.0 | 3,181.0 | 2,378.0 | 2,277.0 | 1,935.0 | 2,059.0 |
| Capital Expenditure | (1,208.0) | (1,213.0) | (916.0) | (786.0) | (575.0) | (775.0) | (784.0) | (587.0) | (594.0) | (799.0) |
| Free Cash Flow | 279.0 | 2,753.0 | 1,046.0 | 1,470.0 | 2,147.0 | 2,406.0 | 1,594.0 | 1,690.0 | 1,341.0 | 1,260.0 |