Cummins reveals 4th Quarter, full-year 2025 results

COLUMBUS, Ind. - In a report released on Thursday, Feb. 5, Cummins announced its fourth-quarter 2025 revenues of $8.5 billion were up 1% from the same quarter in 2024. Sales in North America decreased 2% while international revenues increased by 5%.

Net income for the quarter was $593 million, compared to $418 million in 2024. The results include charges ($218 million) related to the electrolyzer business within Accelera. 

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in the fourth quarter was $1.2 billion, or 13.5% of sales, compared to $1.0 billion, or 12.1% of sales, a year ago.

Full-year 2025 revenues of $33.7 billion decreased 1% from 2024. Sales in North America were 3% lower, while international revenues increased 2% over 2024. Net income for the full year 2025 was $2.8 billion, compared to $3.9 billion in 2024. 

In 2025, EBITDA was $5.4 billion, or 16.0% of sales, compared to $6.3 billion, or 18.6% of sales, a year ago.

“Cummins delivered strong operational results in the fourth quarter and full year 2025 despite continued weakness in North America truck markets. Our Distribution and Power Systems segments achieved record full-year sales and profitability,” said Cummins Chair/CEO Jennifer Rumsey.

“2025 marked a historic year for Cummins as we made significant progress in advancing key strategic priorities while continuing to raise performance cycle over cycle. I am tremendously proud of our employees for their resiliency and commitment to delivering for our customers amid persistent market uncertainty and change,” concluded Rumsey.

Based on its current forecast, Cummins projects full-year 2026 revenue to be up 3% to 8%, and EBITDA to be in the range of 17% to 18% of sales.

You can read the complete story released by the company on the Cummins website.