CMI - Cummins Inc.
NYSE
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Specialty Industrial Machinery
Columbus,
United States
Type: Equity
CMI price evolution
CMI
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2179 | $2612 | $1802 | $1980 |
| Short term investments | $562 | $452 | $512 | $459 |
| Net receivables | $5583 | $5662 | $5863 | $5834 |
| Inventory | $5677 | $5906 | $6026 | $5878 |
| Total current assets | $15198 | $15912 | $15410 | $15368 |
| Long term investments | $1800 | $1785 | $1861 | $1860 |
| Property, plant & equipment | $6249 | $5801 | $5723 | $5590 |
| Goodwill & intangible assets | $5018 | $4897 | $4988 | $5005 |
| Total noncurrent assets | $16807 | $16185 | $16325 | $16065 |
| Total investments | $2362 | $2237 | $2373 | $2319 |
| Total assets | $32005 | $32097 | $31735 | $31433 |
| Current liabilities | ||||
| Accounts payable | $4260 | $4262 | $4308 | $4636 |
| Deferred revenue | $2186 | $2040 | $1956 | $1977 |
| Short long term debt | $1894 | $2514 | $2611 | $3343 |
| Total current liabilities | $12903 | $11126 | $11045 | $11923 |
| Long term debt | $4802 | $4950 | $5089 | $4409 |
| Total noncurrent liabilities | $9198 | $9293 | $9334 | $8629 |
| Total debt | $6696 | $7464 | $7700 | $7752 |
| Total liabilities | $23155 | $20419 | $20379 | $20552 |
| Shareholders' equity | ||||
| Retained earnings | $17851 | $19520 | $19102 | $18605 |
| Other shareholder equity | -$2206 | -$2051 | -$1917 | -$1823 |
| Total shareholder equity | $8850 | $10658 | $10337 | $9623 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2179 | $2101 | $2592 | $3401 |
| Short term investments | $562 | $472 | $595 | $461 |
| Net receivables | $5583 | $5285 | $3990 | $3820 |
| Inventory | $5677 | $5603 | $4355 | $3425 |
| Total current assets | $15198 | $14451 | $12309 | $11897 |
| Long term investments | $1800 | $1759 | $1538 | $1441 |
| Property, plant & equipment | $6249 | $6013 | $4422 | $4255 |
| Goodwill & intangible assets | $5018 | $5030 | $2187 | $2256 |
| Total noncurrent assets | $16807 | $15848 | $11401 | $10727 |
| Total investments | $2362 | $2231 | $2133 | $1902 |
| Total assets | $32005 | $30299 | $23710 | $22624 |
| Current liabilities | ||||
| Accounts payable | $4260 | $4252 | $3021 | $2820 |
| Deferred revenue | $2186 | $1848 | $1705 | $1531 |
| Short long term debt | $1894 | $3357 | $580 | $554 |
| Total current liabilities | $12903 | $11421 | $7084 | $6335 |
| Long term debt | $4802 | $4498 | $3579 | $3610 |
| Total noncurrent liabilities | $9198 | $8653 | $7225 | $7300 |
| Total debt | $6696 | $7855 | $4159 | $4164 |
| Total liabilities | $23155 | $21324 | $14309 | $13635 |
| Shareholders' equity | ||||
| Retained earnings | $17851 | $18037 | $16741 | $15419 |
| Other shareholder equity | -$2206 | -$1890 | -$1571 | -$1982 |
| Total shareholder equity | $8850 | $8975 | $8474 | $8062 |
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $8543 | $8431 | $8638 | $8453 |
| Cost of revenue | $6360 | $6490 | $6424 | |
| Gross Profit | $2001 | $2071 | $2148 | $2029 |
| Operating activities | ||||
| Research & development | $376 | $384 | $350 | |
| Selling, general & administrative | $831 | $873 | $753 | |
| Total operating expenses | $3326 | $1214 | $1284 | $1122 |
| Operating income | $857 | $864 | $907 | |
| Income from continuing operations | ||||
| EBIT | $941 | $1031 | $1100 | |
| Income tax expense | $163 | $188 | $212 | $223 |
| Interest expense | $21 | $97 | $99 | $87 |
| Net income | ||||
| Net income | -$1431 | $656 | $720 | $790 |
| Income (for common shares) | $656 | $720 | $790 | |
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $34065 | $28074 | $24021 | $19811 |
| Cost of revenue | $21355 | $18326 | $14917 | |
| Gross Profit | $8249 | $6719 | $5695 | $4894 |
| Operating activities | ||||
| Research & development | $1278 | $1090 | $906 | |
| Selling, general & administrative | $2687 | $2374 | $2125 | |
| Total operating expenses | $6971 | $3701 | $3339 | $2908 |
| Operating income | $3018 | $2356 | $1986 | |
| Income from continuing operations | ||||
| EBIT | $2986 | $2829 | $2416 | |
| Income tax expense | $786 | $636 | $587 | $527 |
| Interest expense | $108 | $199 | $111 | $100 |
| Net income | ||||
| Net income | $735 | $2151 | $2131 | $1789 |
| Income (for common shares) | $2151 | $2131 | $1789 | |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$1431 | $656 | $720 | $790 |
| Operating activities | ||||
| Depreciation | $264 | $257 | $257 | $246 |
| Business acquisitions & disposals | -$165 | $7 | -$134 | |
| Stock-based compensation | ||||
| Total cash flows from operations | $1459 | $1529 | $483 | $495 |
| Investing activities | ||||
| Capital expenditures | -$519 | -$280 | -$221 | -$193 |
| Investments | -$101 | $54 | -$47 | $19 |
| Total cash flows from investing | -$783 | -$254 | -$378 | -$228 |
| Financing activities | ||||
| Dividends paid | -$238 | -$238 | -$223 | -$222 |
| Sale and purchase of stock | ||||
| Net borrowings | -$876 | -$29 | -$21 | -$128 |
| Total cash flows from financing | -$1108 | -$466 | -$240 | -$363 |
| Effect of exchange rate | -$1 | $1 | -$43 | -$25 |
| Change in cash and equivalents | -$433 | $810 | -$178 | -$121 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $735 | $2151 | $2131 | $1789 |
| Operating activities | ||||
| Depreciation | $1024 | $784 | $662 | $673 |
| Business acquisitions & disposals | -$292 | -$3191 | -$48 | -$51 |
| Stock-based compensation | $37 | $31 | ||
| Total cash flows from operations | $3966 | $1962 | $2256 | $2722 |
| Investing activities | ||||
| Capital expenditures | -$1213 | -$916 | -$766 | -$575 |
| Investments | -$75 | $78 | -$84 | -$120 |
| Total cash flows from investing | -$1643 | -$4172 | -$873 | -$719 |
| Financing activities | ||||
| Dividends paid | -$921 | -$855 | -$809 | -$782 |
| Sale and purchase of stock | -$374 | -$1346 | -$553 | |
| Net borrowings | -$1054 | $2814 | -$32 | $1614 |
| Total cash flows from financing | -$2177 | $1669 | -$2227 | $280 |
| Effect of exchange rate | -$68 | $50 | $35 | -$11 |
| Change in cash and equivalents | $78 | -$491 | -$809 | $2272 |
News
Fundamentals
| Market cap | $41.18B |
|---|---|
| Enterprise value | $45.70B |
| Shares outstanding | 141.80M |
| Revenue | $34.06B |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | $735.00M |
| Revenue Q/Q | 9.95% |
| Revenue Y/Y | 21.34% |
| P/E ratio | 56.03 |
|---|---|
| EV/Sales | 1.34 |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 1.21 |
| P/B ratio | 3.72 |
| Book/Share | 77.97 |
| Cash/Share | 15.37 |
| EPS | $5.18 |
|---|---|
| ROA | 2.31% |
| ROE | 7.45% |
| Debt/Equity | 2.62 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 1.18 |
| Quick ratio | 0.74 |