CMI Q2 2023 Earnings — Cummins Inc. Revenue & Financial Results | Market Cap Arena

CMICummins Inc.

$78B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$8.6B+31.2% YoY

Gross Profit

$2.1B24.9% margin

Operating Income

$997M11.5% margin

Net Income

$720M8.3% margin

EPS (Diluted)

$5.05

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$483M

Free Cash Flow

$262M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$31.7B

Total Liabilities

$20.4B

Stockholders' Equity

$10.3B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.6B	$6.6B	+31.2%
Gross Profit	$2.1B	$1.7B	+24.4%
Operating Income	$997M	$897M	+11.1%
Net Income	$720M	$702M	+2.6%

Revenue Segments

Components

$3.4B32%

Engine

$3.0B28%

Distribution

$2.6B25%

Power Systems

$1.5B14%

Accelera

$85M1%

Geographic Segments

UNITED STATES

$4.9B57%

Non-US

$2.5B29%

CHINA

$762M9%

INDIA

$413M5%