CMI Q1 2023 Earnings — Cummins Inc. Revenue & Financial Results | Market Cap Arena

CMICummins Inc.

$78B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$8.5B+32.4% YoY

Gross Profit

$2.0B24.0% margin

Operating Income

$1.0B12.1% margin

Net Income

$790M9.3% margin

EPS (Diluted)

$5.55

QoQ Revenue Growth

+8.8%

Cash Flow

Operating Cash Flow

$495M

Free Cash Flow

$302M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$31.4B

Total Liabilities

$20.6B

Stockholders' Equity

$9.6B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.5B	$6.4B	+32.4%
Gross Profit	$2.0B	$1.5B	+32.4%
Operating Income	$1.0B	$604M	+69.9%
Net Income	$790M	$418M	+89.0%

Revenue Segments

Components

$3.6B34%

Engine

$3.0B29%

Distribution

$2.4B23%

Power Systems

$1.3B13%

Accelera

$85M1%

Geographic Segments

UNITED STATES

$4.8B57%

Non-US

$2.5B29%

CHINA

$790M9%

INDIA

$411M5%