Cummins Historical Income Statement

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USD 280.74 0.00 0.00%

Historical analysis of Cummins income statement accounts such as Interest Expense of 393.8 M, Selling General Administrative of 3.4 B or Total Revenue of 35.8 B can show how well Cummins performed in making a profits. Evaluating Cummins income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cummins's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Cummins latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cummins is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.

About Cummins Income Statement Analysis

Cummins Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cummins shareholders. The income statement also shows Cummins investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Cummins Income Statement Chart

Cummins Income Statement is one of the three primary financial statements used for reporting Cummins's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cummins revenue and expense. Cummins Income Statement primarily focuses on the company's revenues and expenses during a particular period.

As of now, Cummins' Total Revenue is increasing as compared to previous years. The Cummins' current Gross Profit is estimated to increase to about 8.7 B, while Operating Income is projected to decrease to under 1.1 B.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Research Development Net Income Applicable To Common Shares

Total Revenue

Total revenue comprises all receipts Cummins generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Cummins minus its cost of goods sold. It is profit before Cummins operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cummins. It is also known as Cummins overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Cummins' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cummins current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.As of now, Cummins' Total Revenue is increasing as compared to previous years. The Cummins' current Gross Profit is estimated to increase to about 8.7 B, while Operating Income is projected to decrease to under 1.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	5.7B	6.7B	8.2B	8.7B
Total Revenue	24.0B	28.1B	34.1B	35.8B

Gross Profit Total Revenue

Cummins income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.86	0.81	0.81	0.81	0.81	-0.09	-0.07	0.0	0.81	0.82	-0.04	-0.14	-0.15	0.47	0.79	-0.55	0.48	0.42	0.14	0.16	0.34	-0.76	0.73	-0.72
Interest Expense	0.86		0.84	0.88	0.87	0.89	-0.17	-0.06	-0.12	0.88	0.88	-0.16	-0.47	-0.21	0.35	0.93	-0.81	0.61	0.26	0.25	0.07	0.48	-0.95	0.9	-0.88
Selling General Administrative	0.81	0.84		0.99	0.99	0.99	0.34	0.4	0.38	0.99	0.98	0.34	-0.18	0.23	0.63	0.93	-0.59	0.74	0.68	0.47	0.19	0.4	-0.74	0.69	-0.63
Total Revenue	0.81	0.88	0.99		1.0	1.0	0.3	0.38	0.34	1.0	0.98	0.31	-0.21	0.22	0.55	0.97	-0.63	0.79	0.63	0.45	0.11	0.49	-0.81	0.76	-0.67
Gross Profit	0.81	0.87	0.99	1.0		1.0	0.31	0.39	0.35	1.0	0.98	0.31	-0.21	0.22	0.56	0.96	-0.6	0.79	0.65	0.45	0.11	0.46	-0.79	0.74	-0.67
Other Operating Expenses	0.81	0.89	0.99	1.0	1.0		0.28	0.37	0.34	1.0	0.99	0.3	-0.21	0.22	0.54	0.97	-0.64	0.79	0.62	0.45	0.11	0.51	-0.81	0.76	-0.67
Operating Income	-0.09	-0.17	0.34	0.3	0.31	0.28		0.96	0.95	0.29	0.23	0.96	0.49	0.86	0.44	0.13	0.29	0.51	0.78	0.42	0.13	0.03	0.2	-0.16	0.4
Ebit	-0.07	-0.06	0.4	0.38	0.39	0.37	0.96		0.96	0.38	0.32	0.96	0.39	0.89	0.36	0.26	0.13	0.64	0.78	0.56	0.04	0.21	0.09	0.0	0.35
Ebitda	0.0	-0.12	0.38	0.34	0.35	0.34	0.95	0.96		0.34	0.31	0.99	0.56	0.93	0.39	0.21	0.2	0.53	0.77	0.52	0.07	0.23	0.17	-0.09	0.41
Cost Of Revenue	0.81	0.88	0.99	1.0	1.0	1.0	0.29	0.38	0.34		0.98	0.3	-0.21	0.22	0.55	0.97	-0.64	0.79	0.62	0.45	0.11	0.5	-0.81	0.76	-0.67
Total Operating Expenses	0.82	0.88	0.98	0.98	0.98	0.99	0.23	0.32	0.31	0.98		0.26	-0.25	0.19	0.51	0.97	-0.67	0.74	0.6	0.49	0.13	0.51	-0.79	0.76	-0.65
Income Before Tax	-0.04	-0.16	0.34	0.31	0.31	0.3	0.96	0.96	0.99	0.3	0.26		0.61	0.93	0.39	0.18	0.24	0.52	0.77	0.5	0.09	0.2	0.2	-0.11	0.44
Total Other Income Expense Net	-0.14	-0.47	-0.18	-0.21	-0.21	-0.21	0.49	0.39	0.56	-0.21	-0.25	0.61		0.56	0.17	-0.29	0.54	-0.04	0.29	0.02	0.08	0.04	0.49	-0.41	0.58
Net Income	-0.15	-0.21	0.23	0.22	0.22	0.22	0.86	0.89	0.93	0.22	0.19	0.93	0.56		0.07	0.14	0.27	0.52	0.6	0.53	-0.24	0.28	0.25	-0.16	0.45
Income Tax Expense	0.47	0.35	0.63	0.55	0.56	0.54	0.44	0.36	0.39	0.55	0.51	0.39	0.17	0.07		0.42	-0.26	0.21	0.58	0.2	0.77	-0.01	-0.29	0.19	-0.26
Research Development	0.79	0.93	0.93	0.97	0.96	0.97	0.13	0.26	0.21	0.97	0.97	0.18	-0.29	0.14	0.42		-0.75	0.77	0.48	0.46	0.05	0.62	-0.87	0.84	-0.71
Minority Interest	-0.55	-0.81	-0.59	-0.63	-0.6	-0.64	0.29	0.13	0.2	-0.64	-0.67	0.24	0.54	0.27	-0.26	-0.75		-0.35	0.04	-0.33	-0.29	-0.58	0.81	-0.8	0.64
Net Income From Continuing Ops	0.48	0.61	0.74	0.79	0.79	0.79	0.51	0.64	0.53	0.79	0.74	0.52	-0.04	0.52	0.21	0.77	-0.35		0.71	0.53	-0.2	0.48	-0.56	0.69	-0.3
Non Recurring	0.42	0.26	0.68	0.63	0.65	0.62	0.78	0.78	0.77	0.62	0.6	0.77	0.29	0.6	0.58	0.48	0.04	0.71		0.42	0.14	0.14	-0.16	0.27	0.01
Non Operating Income Net Other	0.14	0.25	0.47	0.45	0.45	0.45	0.42	0.56	0.52	0.45	0.49	0.5	0.02	0.53	0.2	0.46	-0.33	0.53	0.42		-0.03	0.23	-0.09	0.28	-0.04
Tax Provision	0.16	0.07	0.19	0.11	0.11	0.11	0.13	0.04	0.07	0.11	0.13	0.09	0.08	-0.24	0.77	0.05	-0.29	-0.2	0.14	-0.03		-0.1	-0.1	0.06	0.02
Interest Income	0.34	0.48	0.4	0.49	0.46	0.51	0.03	0.21	0.23	0.5	0.51	0.2	0.04	0.28	-0.01	0.62	-0.58	0.48	0.14	0.23	-0.1		-0.58	0.6	-0.17
Net Interest Income	-0.76	-0.95	-0.74	-0.81	-0.79	-0.81	0.2	0.09	0.17	-0.81	-0.79	0.2	0.49	0.25	-0.29	-0.87	0.81	-0.56	-0.16	-0.09	-0.1	-0.58		-0.89	0.81
Reconciled Depreciation	0.73	0.9	0.69	0.76	0.74	0.76	-0.16	0.0	-0.09	0.76	0.76	-0.11	-0.41	-0.16	0.19	0.84	-0.8	0.69	0.27	0.28	0.06	0.6	-0.89		-0.64
Selling And Marketing Expenses	-0.72	-0.88	-0.63	-0.67	-0.67	-0.67	0.4	0.35	0.41	-0.67	-0.65	0.44	0.58	0.45	-0.26	-0.71	0.64	-0.3	0.01	-0.04	0.02	-0.17	0.81	-0.64

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Cummins Account Relationship Matchups

Cummins income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	362M	673M	156M	784M	1.0B	1.1B
Interest Expense	109M	100M	111M	199M	375M	393.8M
Selling General Administrative	2.5B	2.1B	2.4B	2.6B	3.2B	3.4B
Total Revenue	23.6B	19.8B	24.0B	28.1B	34.1B	35.8B
Gross Profit	6.0B	4.9B	5.7B	6.7B	8.2B	8.7B
Other Operating Expenses	21.1B	18.0B	21.8B	25.5B	30.6B	32.2B
Operating Income	2.7B	1.8B	2.7B	2.2B	1.8B	1.1B
Ebit	2.7B	1.8B	2.7B	2.2B	1.8B	1.1B
Ebitda	3.1B	2.4B	2.9B	3.0B	1.8B	1.4B
Cost Of Revenue	17.6B	14.9B	18.3B	21.4B	25.8B	27.1B
Income Before Tax	2.8B	2.3B	2.8B	2.8B	1.6B	1.1B
Total Other Income Expense Net	134M	573M	45M	585M	(135M)	(128.3M)
Net Income	2.3B	1.8B	2.1B	2.2B	735M	758.9M
Research Development	1.0B	906M	1.1B	1.3B	1.5B	1.6B
Net Income Applicable To Common Shares	2.3B	1.8B	2.1B	2.2B	2.5B	1.3B
Minority Interest	8M	22M	(33M)	(32M)	(80M)	(76M)
Net Income From Continuing Ops	2.3B	1.8B	2.2B	2.2B	2.9B	1.9B
Non Operating Income Net Other	243M	169M	156M	89M	102.4M	97.9M
Interest Income	46M	74M	111M	199M	87M	77M
Net Interest Income	(74M)	(26M)	(111M)	(199M)	(283M)	(268.9M)
Reconciled Depreciation	672M	673M	662M	784M	1B	783.4M

Cummins Investors Sentiment

The influence of Cummins' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cummins. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Cummins' public news can be used to forecast risks associated with an investment in Cummins. The trend in average sentiment can be used to explain how an investor holding Cummins can time the market purely based on public headlines and social activities around Cummins. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Cummins' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cummins' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cummins' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cummins.

Cummins Implied Volatility

47.7

Cummins' implied volatility exposes the market's sentiment of Cummins stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cummins' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cummins stock will not fluctuate a lot when Cummins' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cummins in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cummins' short interest history, or implied volatility extrapolated from Cummins options trading.

Pair Trading with Cummins

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cummins position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cummins will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cummins Stock

0.74	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.86	IR	Ingersoll Rand Downward Rally	Pair Corr

Moving against Cummins Stock

0.9	ATS	ATS Corporation	Pair Corr
0.55	RR	Richtech Robotics Class	Pair Corr
0.5	BW	Babcock Wilcox Enter Earnings Call Shortly	Pair Corr

The ability to find closely correlated positions to Cummins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cummins when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cummins - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cummins to buy it.

The correlation of Cummins is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cummins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cummins moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cummins can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:

How To Invest In Cummins

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Is Cummins Stock a good investment?

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What is Cummins' Net Worth?

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Largest Specialty Industrial Machinery Companies

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For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Cummins Stock analysis

When running Cummins' price analysis, check to measure Cummins' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.

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Is Cummins' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cummins. If investors know Cummins will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cummins listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.628

Dividend Share

6.5

Earnings Share

5.14

Revenue Per Share

240.402

Quarterly Revenue Growth

0.099

The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cummins' market value can be influenced by many factors that don't directly affect Cummins' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Cummins Historical Income Statement

About Cummins Income Statement Analysis

Cummins Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Net Income Applicable To Common Shares

Cummins income statement Correlations

Cummins Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cummins income statement Accounts

Cummins Investors Sentiment

Cummins Implied Volatility

Pair Trading with Cummins

Moving together with Cummins Stock

Moving against Cummins Stock

Complementary Tools for Cummins Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses

Net Interest Income	- 0.95	Interest Expense
Reconciled Depreciation	- 0.89	Net Interest Income
Selling And Marketing Expenses	- 0.88	Interest Expense
Net Interest Income	- 0.87	Research Development
Net Interest Income	- 0.81	Cost Of Revenue
Net Interest Income	- 0.81	Other Operating Expenses