CMI Q3 2023 Earnings — Cummins Inc. Revenue & Financial Results | Market Cap Arena

CMICummins Inc.

$78B

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$8.4B+15.0% YoY

Gross Profit

$2.1B24.6% margin

Operating Income

$950M11.3% margin

Net Income

$656M7.8% margin

EPS (Diluted)

$4.59

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$1.2B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$32.1B

Total Liabilities

$20.4B

Stockholders' Equity

$10.7B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$7.3B	+15.0%
Gross Profit	$2.1B	$1.6B	+26.1%
Operating Income	$950M	$626M	+51.8%
Net Income	$656M	$400M	+64.0%

Revenue Segments

Components

$3.2B32%

Engine

$2.9B29%

Distribution

$2.5B25%

Power Systems

$1.4B14%

Accelera

$103M1%

Geographic Segments

UNITED STATES

$4.9B58%

Non-US

$2.5B29%

CHINA

$721M9%

INDIA

$374M4%