Cummins
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 19.8b | 24.0b | 28.1b | 34.1b | 33.6b | 34.7b | 37.3b |
% growth | (16 %) | 21 % | 17 % | 21 % | (1 %) | 4 % | 7 % |
EBITDA | 2.4b | 2.9b | 3.0b | 3.0b | 5.1b | 5.4b | 5.9b |
% EBITDA margin | 12 % | 12 % | 11 % | 9 % | 15 % | 16 % | 16 % |
Profit | 1.8b | 2.1b | 2.2b | 735m | 3.6b | 3.0b | 3.3b |
% profit margin | 9 % | 9 % | 8 % | 2 % | 11 % | 9 % | 9 % |
EV / revenue | 1.7x | 1.3x | 1.4x | 1.1x | 1.4x | 1.4x | 1.3x |
EV / EBITDA | 13.9x | 11.2x | 13.1x | 12.7x | 9.3x | 8.7x | 7.9x |
R&D budget | 906m | 1.1b | 1.3b | 1.5b | - | - | - |
R&D % of revenue | 5 % | 5 % | 5 % | 4 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
$263k | Grant | ||
N/A | $4.6m | Grant | |
$5.0m | Grant | ||
* | $75.0m | Grant | |
Total Funding | CAD116m |
Recent News about Cummins
EditCummins Inc. is a global leader in the design, manufacture, distribution, and servicing of power solutions, including diesel, natural gas, electric, and hybrid powertrains. The company also develops related components and technologies. Cummins serves a diverse range of clients, including commercial vehicle manufacturers, industrial equipment producers, and various sectors such as healthcare, defense, marine, mining, and telecommunications.
Operating in the global market, Cummins has a strong presence in North America, Asia Pacific, Europe, China, Africa, and the Middle East. The company’s business model is multifaceted, encompassing five complementary operating segments: Engine, Power Systems, Components, Distribution, and New Power. Each segment targets specific markets but shares technology, customers, strategic partners, brand recognition, and a distribution network.
Cummins generates revenue through the sale of engines and power systems, as well as through the distribution and servicing of these products. The company also earns from providing digital solutions, parts, accessories, and technical support. Their distribution segment, which includes wholly owned, joint venture, and independent locations, is crucial for sales and customer support worldwide.
Recently, Cummins has been focusing on sustainable and clean energy solutions. The company has received awards and recognition for its efforts in hydrogen engine development and has been actively encouraging legislative support for climate change initiatives. This focus on innovation and sustainability positions Cummins as a forward-thinking leader in the power solutions industry.
Keywords: Powertrains, Diesel Engines, Natural Gas, Electric Power, Hybrid Systems, Hydrogen Engines, Global Distribution, Industrial Equipment, Sustainable Energy, Commercial Vehicles.