Cummins (CMI) revenue breakdown
By segment, Engine is the largest at 33% of fiscal 2021 revenue; Components grew fastest, 10% a year over 5 years.
By product, On-highway (EBU market) is the largest at 25% of fiscal 2022 revenue; Power Generation (DBU product line) grew fastest, 9% a year over 2 years.
Revenue by segment
Fiscal years, as Cummins reports them in its 10-K filings; fiscal 2021 total $29.9B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Share |
|---|---|---|---|---|---|---|---|
| Engine | $7.8B | $9.0B | $10.6B | $10.1B | $8.0B | $10.0B | 33% |
| Distribution | $6.2B | $7.1B | $7.8B | $8.1B | $7.1B | $7.8B | 26% |
| Components | $4.8B | $5.9B | $7.2B | $6.9B | $6.0B | $7.7B | 26% |
| Power Systems | $3.5B | $4.1B | $4.6B | $4.5B | $3.6B | $4.4B | 15% |
| New Power | — | — | $7M | $38M | $72M | $116M | 0% |
| Corporate and Other | -$4.8B | -$5.5B | -$6.4B | -$6.0B | -$5.1B | -$5.9B | -20% |
Revenue by product
Fiscal years, as Cummins reports them in its 10-K filings; fiscal 2022 total $28.1B.
| Products | 2018 | 2019 | 2022 | Share |
|---|---|---|---|---|
| On-highway (EBU market) | — | — | $7.1B | 25% |
| Heavy-duty truck (EBU market) | $2.9B | $2.6B | $3.0B | 11% |
| Medium-duty truck and bus (EBU market) | $2.5B | $2.2B | $2.4B | 9% |
| Drivetrain and braking systems [CBU business] | — | — | $1.9B | 7% |
| Engine (DBU product line) | $1.6B | $1.5B | $1.8B | 6% |
| Power Generation (DBU product line) | $1.5B | $1.8B | $1.8B | 6% |
| Light-duty automotive (EBU market) | $1.5B | $1.7B | $1.7B | 6% |
| Power Generation (PSBU product line) | $1.5B | $1.4B | $1.7B | 6% |
| Service (DBU product line) | $1.5B | $1.5B | $1.6B | 6% |
| Atmus - Filtration (CBU business) | $1.0B | $1.0B | $1.3B | 4% |
| Off-highway (EBU market) | $1.1B | $1.0B | $1.1B | 4% |
| Engine Components and Software [CBU business] | — | — | $1.0B | 4% |
| Industrial (PSBU product line) | $801M | $908M | $843M | 3% |
| Automated Transmission [CBU business] | $543M | $534M | $593M | 2% |
| Generator technologies (PSBU product lines) | $357M | $348M | $450M | 2% |
| Parts (DBU product line) | $3.2B | $3.3B | — | — |
| Emission solutions (CBU business) | $2.8B | $2.8B | — | — |
| Turbo technologies (CBU business) | $761M | $696M | — | — |
| Electronics and Fuel systems (CBU product line) | $237M | $236M | — | — |
Revenue by region
Fiscal years, as Cummins reports them in its 10-K filings; fiscal 2025 total $33.7B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $9.5B | $11.0B | $13.2B | $13.5B | $10.6B | $12.5B | $15.8B | $19.3B | $19.4B | $19.0B | 56% |
| OTHER INTERNATIONAL | $5.9B | $6.5B | $7.3B | $6.9B | $5.7B | $7.2B | $8.5B | $10.0B | $10.0B | $9.7B | 29% |
| CHINA | $1.5B | $2.1B | $2.3B | $2.3B | $2.8B | $3.2B | $2.4B | $3.1B | $2.9B | $3.3B | 10% |
| INDIA | $621M | $805M | $965M | $848M | $680M | $1.1B | $1.4B | $1.7B | $1.8B | $1.7B | 5% |
Questions
Where does Cummins make its money?
In fiscal 2021, by segment: Engine $10.0B, Distribution $7.8B, Components $7.7B, Power Systems $4.4B, New Power $116M.
From Cummins's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.