CMI Q1 2024 Earnings — Cummins Inc. Revenue & Financial Results | Market Cap Arena

CMICummins Inc.

$78B

Q1 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$8.4B-0.6% YoY

Gross Profit

$2.0B24.3% margin

Operating Income

$923M11.0% margin

Net Income

$2.0B23.7% margin

EPS (Diluted)

$14.03

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$276M

Free Cash Flow

$107M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$31.8B

Total Liabilities

$21.7B

Stockholders' Equity

$9.1B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$8.5B	-0.6%
Gross Profit	$2.0B	$2.0B	+0.6%
Operating Income	$923M	$1.0B	-10.0%
Net Income	$2.0B	$790M	+152.3%

Revenue Segments

Components

$3.3B32%

Engine

$2.9B28%

Distribution

$2.5B25%

Power Systems

$1.4B14%

Accelera

$93M1%

Geographic Segments

UNITED STATES

$4.8B57%

Non-US

$2.5B29%

CHINA

$723M9%

INDIA

$444M5%