Cummins

Cummins

Develops, sells, and services diesel and natural gas engines, power generation systems, and engine-related component products. Learn more

Launch date
Employees
Market cap
AUD63.0b
Enterprise valuation
AUD71.9b (Public information from Sep 2024)
Columbus Ohio (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues19.8b24.0b28.1b34.1b33.6b34.7b37.3b
% growth(16 %)21 %17 %21 %(1 %)4 %7 %
EBITDA2.4b2.9b3.0b3.0b5.1b5.4b5.9b
% EBITDA margin12 %12 %11 %9 %15 %16 %16 %
Profit1.8b2.1b2.2b735m3.6b3.0b3.3b
% profit margin9 %9 %8 %2 %11 %9 %9 %
EV / revenue1.7x1.3x1.4x1.1x1.4x1.4x1.3x
EV / EBITDA13.9x11.2x13.1x12.7x9.3x8.7x7.9x
R&D budget906m1.1b1.3b1.5b---
R&D % of revenue5 %5 %5 %4 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
N/A

N/A

IPO

$263k

Grant
N/A

$4.6m

Grant

$5.0m

Grant
*

$75.0m

Grant
Total FundingAUD131m

Recent News about Cummins

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More about Cumminsinfo icon
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Cummins 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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Cummins

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Efficient Drivetrains
ACQUISITION by Cummins Jul 2018
ReliOn
ACQUISITION by Plug Power Apr 2014
Brammo
ACQUISITION by Cummins Oct 2017
Hydrogenics
ACQUISITION by Cummins Jul 2019
Meritor
ACQUISITION by Cummins Feb 2022
Atmus Filtration Technologies
ACQUISITION by Cummins Feb 2024