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Cummins Inc. - Company Profile

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Cummins Inc. - Overview

Brands
AVK, Sport Clips, Stamford
Description
Cummins Inc. is a public company headquartered in Indiana with an estimated 59,900 employees. In the US, the company has a notable market share in at least three industries: Turbocharger Manufacturing, Heavy-Duty Diesel Engine Manufacturing and Prime Mover Generator Sets Manufacturing. Their largest market share is in the Turbocharger Manufacturing industry, where they account for an estimated 22.2% of total industry revenue and are considered a Golden Goose because they display medium to strong market share and strong profit, but slower revenue growth than some of their peers.
Company Details

Registered Name: Cummins Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: Box 3005 Mail Code 60207 500 Columbus IN 47202-3005

Website: http://www.cummins.com

Employees: 59900

Cummins Inc. - Operating Industries and Main Competitors

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Cummins Inc. - Products and Services

  • Heavy-Duty Diesel Engine Manufacturing

  • Of the 4 core revenue-generating products and services in the Heavy-Duty Diesel Engine Manufacturing industry, Cummins Inc. offers:
    • Heavy-duty transportation engines
    • Industrial machinery engines
    • Light-duty transportation engines
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  • Prime Mover Generator Sets Manufacturing

  • Of the 3 core revenue-generating products and services in the Prime Mover Generator Sets Manufacturing industry, Cummins Inc. offers:
    • Fractional horsepower motors
  • Turbocharger Manufacturing

  • Of the 3 core revenue-generating products and services in the Turbocharger Manufacturing industry, Cummins Inc. offers:
    • Diesel turbochargers
    • New gas turbochargers
    • Rebuilt gas turbochargers
error_outline To view Cummins Inc.'s full products and services, see purchase options.

Cummins Inc. - Analyst Insights

The company is committed to upholding sustainability within its operations

The company is committed to protecting the environment and bettering people’s lives through its sustainable practices. In 2019, the company initiated the PLANET 2050 strategy which introduced sustainable methods for using natural resources and addressed concerns relating to air emissions and climate change. Additionally, in 2020, the company began a program known as Cummins Water Works, which was useful for addressing the worldwide water crisis. Furthermore, in 2021, the company focused significant effort toward customer sustainability collaboration and product decarbonization pathways. Moreover, the company has implemented goals for PLANET 2050, which it anticipates to reach by 2030. These goals include a fifty percent reduction of emissions from greenhouse gas (GHG) and generating a twenty-five percent decline in total waste produced by the company’s operations within its facilities.

COVID|Competition|ESG


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Cummins Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Cummins Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Heavy-Duty Diesel Engine Manufacturing, Prime Mover Generator Sets Manufacturing, and Turbocharger Manufacturing industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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error_outline To view Cummins Inc.'s full SWOT analysis, see purchase options.

Cummins Inc. - Financial Statements & Ratios

pie_chartCummins Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue24,021.019,811.023,571.023,771.020,428.017,509.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartCummins Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents2,592.03,401.01,129.01,303.01,369.01,120.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartCummins Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income2,164.01,811.02,268.02,187.0994.01,456.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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