Flagship explainer

How CUMMINS INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$33.7B · 100%Cost of revenue$25.2B · 75%Gross profit$8.5B · 25%Operating income$4.0B · 12%Income before tax$4.0B · 12%Income tax$1.0B · 3%Net income$3.0B · 9%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$33.7B100%
Cost of revenue$25.2B75%
$8.5B25%
$4.0B12%
Income before tax$4.0B12%
Income tax$1.0B3%
$3.0B9%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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