Cummins reported $34.102 billion in worldwide net sales in 2024, broadly matching 2023 but following a sharp increase from 2022. Its disclosed footprint spans engines, components, distribution, power systems and Accelera, with sales concentrated in the United States but supported by customers and service coverage worldwide.
Key Cummins Statistics
The most useful high-level Cummins statistics are:
- In the year ended December 31, 2024, Cummins reported $34.102 billion in consolidated net sales to worldwide customers.
- In 2023, Cummins reported $34.065 billion in consolidated net sales to worldwide customers.
- In 2022, Cummins reported $28.074 billion in consolidated net sales to worldwide customers.
- Between 2022 and 2023, net sales increased by $5.991 billion, or 21%, worldwide.
- Between 2023 and 2024, net sales increased by $37 million, rounded to 0% growth worldwide.
- In 2024, net income attributable to Cummins was $3.9 billion on a consolidated basis.
- In 2024, diluted earnings per share were $28.37 for Cummins common shareholders.
- In 2024, the Engine segment generated $11.712 billion in total sales.
- In 2024, the Components segment generated $11.679 billion in total sales.
- In 2024, the Distribution segment generated $11.384 billion in total sales.
- In 2024, the Power Systems segment generated $6.408 billion in total sales.
- In 2024, Accelera generated $414 million in total sales.
- In 2024, total segment EBITDA was $5.038 billion before intersegment eliminations and corporate items.
- In 2024, Distribution power-generation external sales were $3.961 billion.
- In 2024, Power Systems power-generation external sales were $1.896 billion.
- In 2024, U.S. customer-location sales were $19.422 billion.
- In the 2024 annual report, Cummins disclosed approximately 650 distributor locations worldwide.
- In the 2024 annual report, more than 19,000 certified dealer locations covered approximately 190 countries and territories worldwide.
Contents
- Cummins revenue and earnings trends
- Cummins segment sales and EBITDA data
- Power generation and product-line sales
- Geographic sales statistics
- Operating costs, investment and assets
- Service network, workforce and customer concentration
Cummins Revenue and Earnings Trends
Cummins’ consolidated revenue stayed near $34.1 billion in 2023 and 2024, but the path into that level was uneven. The company-reported figures below cover worldwide customers and the fiscal years ended December 31.
| Fiscal year | Net sales | Net income attributable to Cummins | Diluted EPS |
|---|---|---|---|
| 2022 | $28.074 billion | — | — |
| 2023 | $34.065 billion | $0.7 billion | $5.15 |
| 2024 | $34.102 billion | $3.9 billion | $28.37 |
Source: Cummins 2024 Annual Report.
Net sales increased $5.991 billion, or 21%, from 2022 to 2023. From 2023 to 2024, the increase was $37 million, which the filing rounds to 0% growth.
The earnings figures require context. The 2024 net income attributable to Cummins includes the reported Atmus divestiture gain, while 2023 includes the reported Settlement Agreements charge; these are not like-for-like operating comparisons.
Cummins Segment Sales and EBITDA Data
Cummins reports segment “total sales,” which include intersegment sales, and segment EBITDA, a company-defined non-GAAP performance measure. These amounts should not be added together as consolidated revenue without considering eliminations.
| 2024 reportable segment | Total sales | EBITDA |
|---|---|---|
| Engine | $11.712 billion | $1.653 billion |
| Components | $11.679 billion | $1.591 billion |
| Distribution | $11.384 billion | $1.378 billion |
| Power Systems | $6.408 billion | $1.180 billion |
| Accelera | $414 million | negative $764 million |
Source: Cummins 2024 Annual Report XBRL Operating Segments Tables.
The Accelera result includes $312 million of strategic reorganization action charges in the fourth quarter of 2024. Across the reportable segments, total segment EBITDA was $5.038 billion before intersegment eliminations and corporate items.
Cummins also reported $7.495 billion of total intersegment sales in 2024. Those sales are eliminated in consolidated net sales and should not be added to the company’s $34.102 billion revenue figure.
Cummins Power Generation and Product-Line Sales
The product-line figures below are external sales within the named segments. They are not unit shipments and do not represent total Cummins company revenue by product.
| Segment and product line | 2024 external sales |
|---|---|
| Distribution power generation | $3.961 billion |
| Distribution parts | $3.966 billion |
| Distribution service | $1.747 billion |
| Distribution engine | $1.678 billion |
| Power Systems power generation | $1.896 billion |
| Power Systems industrial | $1.130 billion |
| Power Systems generator technologies | $474 million |
Source: Cummins 2024 Annual Report XBRL Revenue Disaggregation.
Within Distribution, power generation and parts were each reported at just under $4 billion in 2024 external sales, while service and engine sales were reported separately. Within Power Systems, power generation was the largest listed product line at $1.896 billion, followed by industrial sales at $1.130 billion.
Cummins Geographic Sales Statistics
Cummins presents customer-location sales for the United States, China, India and a residual “other international” category. Customer location describes where the customer is located, not necessarily where products were manufactured.
| Customer location | 2024 sales | 2023 sales |
|---|---|---|
| United States | $19.422 billion | $19.302 billion |
| China | $2.948 billion | $3.115 billion |
| India | $1.779 billion | $1.678 billion |
| Other international | $9.953 billion | $9.970 billion |
Source: Cummins 2024 Annual Report XBRL Revenue Disaggregation.
The separate annual-report presentation reported $13.282 billion of international sales excluding the United States and Canada in 2024. That grouping differs from the customer-location table, so the two international figures should not be treated as interchangeable.
For the Engine segment, 2024 external sales were $7.617 billion in North America, $1.243 billion in Asia Pacific and $1.179 billion in Europe. These are segment market figures rather than consolidated company geography.
Cummins Operating Costs, Investment and Assets
The 2024 segment tables show the cost categories supporting Cummins’ operations and product development. They are reported for the consolidated reportable-segment presentation and use the company’s stated accounting definitions.
- Warranty expenses were $751 million in 2024; this is a segment-table expense measure, not a cash-payment measure.
- Selling expenses totaled $1.233 billion in 2024.
- Administrative expenses totaled $2.010 billion in 2024.
- Research, development and engineering expenses totaled $1.461 billion in 2024.
- Depreciation and amortization totaled $1.053 billion in 2024.
Source: Cummins 2024 Annual Report XBRL Operating Segments Tables.
At December 31, 2024, Cummins reported $31.540 billion of assets in the segment-information reconciliation. Long-lived assets were $9.711 billion on that same reconciliation basis.
| Location | Long-lived assets at December 31, 2024 |
|---|---|
| United States | $5.751 billion |
| China | $968 million |
| India | $566 million |
Source: Cummins 2024 Annual Report XBRL Operating Segments Details.
The long-lived-asset figures are location-based balance-sheet disclosures, not measures of customer demand or sales. Financial figures are generally reported in U.S. dollars, and rounding can prevent totals from summing exactly.
Cummins Service Network, Workforce and Customer Concentration
Cummins described a broad service and distribution structure in its 2024 annual-report disclosures. The counts are company disclosures and may be approximate or structurally defined rather than independently audited population counts.
- Cummins served customers through approximately 650 wholly owned, joint-venture and independent distributor locations worldwide.
- Cummins had more than 19,000 certified dealer locations worldwide.
- Certified-dealer coverage extended across approximately 190 countries and territories worldwide.
- Approximately 22,000 Cummins employees worldwide were represented by collective-bargaining agreements; the cited agreements expire between 2025 and 2029.
Source: Cummins Inc. Form 10-K for the Fiscal Year Ended December 31, 2024.
The company’s segment scope also matters when interpreting its product statistics. The Engine segment produces engines of 15 liters and smaller, which is a segment-scope threshold rather than a unit-sales statistic.
Customer concentration was disclosed through PACCAR’s share of Cummins net sales: 16% in each of 2022, 2023 and 2024. This measures one named customer’s share of consolidated net sales; it does not measure all truck or engine customers.
Source: Cummins 2024 Annual Report XBRL Operating Segments Details.
The network, workforce, segment-scope and concentration figures describe different populations and definitions. They should therefore be read as separate indicators of reach, labor coverage, product scope and customer dependence rather than combined into a single measure of Cummins’ scale.