Cummins + Follow

Company

Ticker

CMI

EMR

Headquarter

Columbus ,IN

Bristol ,CT

Saint Louis ,MO

CEO

Ms. Jennifer W. Rumsey

Mr. Thomas J. Hook

Mr. Surendralal Lanca Karsanbhai

Industry

Industrial - Machinery

Stock Price

Market Cap

$53.08B

$2.42B

$70.17B

Employees

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Employees

73.60K
75.50K
69.60K

5.10K
5.20K
6.50K

85.50K
67.00K
73.00K

Y/Y

22.87%

2.58%

7.81%

1.96%

25%

1.38%

21.64%

8.96%

Income Statement

Revenue

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Revenue

$28.07B
$34.07B
$34.10B

$1.26B
$1.26B
$1.45B

$19.63B
$15.17B
$17.49B

Y/Y

16.87%

21.34%

0.11%

11.96%

0.24%

14.98%

7.64%

22.74%

15.34%

Revenue by Products / Services

Revenue by Geography

Research and Development

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Research and Development

$1.28B
$1.50B
$1.46B

$22.93M
$15.77M
$13.92M

$385.00M
$523.00M
-

Y/Y

17.25%

17.37%

2.47%

35.28%

31.2%

11.75%

20.62%

35.84%

100%

Operating Income

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Operating Income

$2.23B
$1.76B
$3.75B

$150.02M
$121.00M
$88.99M

$3.88B
$2.83B
$2.67B

Y/Y

17.44%

21.17%

112.95%

21.6%

19.34%

26.45%

20.58%

26.97%

5.86%

Tax Rate (%)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Tax Rate (%)

23.00%
48.00%
17.00%

22.00%
65.00%
52.00%

21.00%
22.00%
21.00%

Y/Y

5.72%

114.27%

64.77%

41.8%

195.97%

19.77%

4.18%

4.97%

6.51%

Net Income

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Net Income

$2.15B
$735.00M
$3.95B

$99.87M
$13.48M
$16.00M

$3.23B
$13.22B
$1.97B

Y/Y

0.94%

65.83%

436.87%

57.59%

86.5%

18.67%

40.3%

309.13%

85.11%

Assets & Liabilities | Cash Flow

Total Assets

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Total Assets

$30.30B
$32.01B
$31.54B

$2.58B
$2.41B
$3.31B

$35.67B
$42.75B
$44.25B

Y/Y

27.79%

5.63%

1.45%

3.71%

6.33%

37.05%

44.33%

19.83%

3.51%

Total Liabilities

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Total Liabilities

$20.07B
$22.10B
$20.23B

$1.15B
$1.07B
$1.95B

$19.36B
$16.15B
$16.74B

Y/Y

40.29%

10.1%

8.46%

11.25%

7.03%

82.29%

30.85%

16.57%

3.65%

Capital Expenditures (Capex)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Capital Expenditures (Capex)

-$916.00M
-$1.21B
-$1.21B

-$34.12M
-$35.08M
-$55.74M

-$531.00M
-$363.00M
-$419.00M

Y/Y

16.54%

32.42%

0.41%

16.17%

2.83%

58.88%

8.61%

31.64%

15.43%

Profitability

Operating Income Margin (%)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Operating Income Margin (%)

7.96%
5.17%
11.00%

11.92%
9.59%
6.13%

19.76%
18.67%
15.24%

Y/Y

29.37%

35.05%

112.77%

8.66%

19.55%

36.08%

12.02%

5.52%

18.37%

Net Income Margin (%)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Net Income Margin (%)

7.66%
2.16%
11.57%

7.93%
1.07%
1.10%

16.46%
87.17%
11.25%

Y/Y

13.64%

71.8%

435.65%

40.6%

86.51%

2.8%

30.32%

429.59%

87.09%

EBITDA

2021	2862000000.00
2022	3802000000.00
2023	3025000000.00
2024	6338000000.00

2020	216621000.00
2021	246711000.00
2022	158124000.00
2023	207253000.00

2021	4047000000.00
2022	3502000000.00
2023	4038000000.00
2024	4032000000.00

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

EBITDA

$3.80B
$3.03B
$6.34B

$246.71M
$158.12M
$207.25M

$3.50B
$4.04B
$4.03B

Y/Y

32.84%

20.44%

109.52%

13.89%

35.91%

31.07%

13.47%

15.31%

0.15%

Free Cash Flow (FCF)

2021	1470000000.00
2022	1046000000.00
2023	2753000000.00
2024	279000000.00

2020	174764000.00
2021	133689000.00
2022	40477000.00
2023	56676000.00

2021	2994000000.00
2022	2391000000.00
2023	274000000.00
2024	2913000000.00

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Free Cash Flow (FCF)

$1.05B
$2.75B
$279.00M

$133.69M
$40.48M
$56.68M

$2.39B
$274.00M
$2.91B

Y/Y

28.84%

163.19%

89.87%

23.5%

69.72%

40.02%

20.14%

88.54%

963.14%

Ratios

Return on Equity (ROE)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Return on Equity (ROE)

23.97%
8.31%
38.42%

6.99%
1.00%
1.17%

31.18%
63.89%
9.10%

Y/Y

4.69%

65.33%

362.33%

52.62%

85.69%

17%

34.34%

104.91%

85.76%

Return on Assets (ROA)

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Return on Assets (ROA)

7.10%
2.30%
12.51%

3.88%
0.56%
0.48%

9.06%
30.92%
4.45%

Y/Y

21.02%

67.61%

443.91%

63.71%

85.57%

14.29%

2.79%

241.28%

85.61%

Debt to Equity

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Debt to Equity

87.52%
81.45%
73.98%

42.25%
42.42%
95.56%

100.10%
39.43%
35.53%

Y/Y

78.32%

6.94%

9.17%

17.04%

0.4%

125.27%

49.02%

60.61%

9.89%

Valuation

Enterprise Value

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Enterprise value

$40.04B
$38.98B
$54.41B

$2.87B
$2.58B
$2.88B

$51.98B
$55.56B
$66.88B

Y/Y

20.92%

2.65%

39.61%

10.32%

10.35%

11.71%

14.29%

6.88%

20.38%

Enterprise value to Revenue

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Enterprise value to Revenue

1.43
1.14
1.60

2.28
2.04
1.98

2.65
3.66
3.82

Y/Y

3.47%

19.77%

39.45%

19.9%

10.56%

2.84%

20.38%

38.34%

4.36%

Enterprise value to EBITDA

Years

2022
2023
2024

2021
2022
2023

2022
2023
2024

Enterprise value to EBITDA

10.53
12.88
8.59

11.65
16.29
13.89

14.84
13.76
16.59

Y/Y

8.97%

22.35%

33.37%

21.26%

39.87%

14.77%

0.96%

7.31%

20.56%

Cummins Competitors & Alternatives

Income Statement

Assets & Liabilities | Cash Flow

Profitability

Ratios

Valuation

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