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Cummins vs China Yuchai International: revenue, profit, margins and growth compared

Cummins brought in $33.7B of revenue in fiscal 2025, China Yuchai International $2.7B in fiscal 2024. Revenue changed by -1.3% at Cummins and +5.0% at China Yuchai International on the year before, so China Yuchai International grew faster. Cummins kept 8.4% of its revenue as net profit, China Yuchai International 1.7%. Free cash flow was $2.4B at Cummins and $58.4M at China Yuchai International.

Side by side, latest fiscal year

CMICYD
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$33.7B$2.7B
Revenue growth-1.3%+5.0%
Net income$2.8B$45M
Net margin8.4%1.7%
Free cash flow$2.4B$58.4M
Free cash flow margin7.1%2.2%
Earnings per share (diluted)$20.50$1.14
Cash$2.8B$824.7M
Debt$6.9B$930.5M
Price to earnings25.6n/a
Market value$72.3B$1.2B
Dividend yield1.46%n/a
Rank by revenue in sector#18 of 451 · Industrials#193 of 451 · Industrials

Over the years

Revenue
CMI FY2018: $23.8BCMI FY2019: $23.6BCMI FY2020: $19.8BCMI FY2021: $24BCMI FY2022: $28.1BCMI FY2023: $34.1BCMI FY2024: $34.1BCMI FY2025: $33.7BCYD FY2017: $2.6BCYD FY2018: $2.4BCYD FY2019: $2.5BCYD FY2020: $3.2BCYD FY2021: $3.4BCYD FY2022: $2.3BCYD FY2023: $2.5BCYD FY2024: $2.7BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CMI $33.7BCYD $2.7B
Net income
CMI FY2018: $2.1BCMI FY2019: $2.3BCMI FY2020: $1.8BCMI FY2021: $2.1BCMI FY2022: $2.2BCMI FY2023: $735MCMI FY2024: $3.9BCMI FY2025: $2.8BCYD FY2017: $150.7MCYD FY2018: $103.9MCYD FY2019: $85.4MCYD FY2020: $84.8MCYD FY2021: $43.1MCYD FY2022: $31.4MCYD FY2023: $40.2MCYD FY2024: $45MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CMI $2.8BCYD $45M
Net margin
CMI FY2018: 9.0%CMI FY2019: 9.6%CMI FY2020: 9.0%CMI FY2021: 8.9%CMI FY2022: 7.7%CMI FY2023: 2.2%CMI FY2024: 11.6%CMI FY2025: 8.4%CYD FY2017: 5.9%CYD FY2018: 4.3%CYD FY2019: 3.4%CYD FY2020: 2.7%CYD FY2021: 1.3%CYD FY2022: 1.4%CYD FY2023: 1.6%CYD FY2024: 1.7%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CMI 8.4%CYD 1.7%
Revenue growth
CMI FY2019: -0.8%CMI FY2020: -16.0%CMI FY2021: +21.3%CMI FY2022: +16.9%CMI FY2023: +21.3%CMI FY2024: +0.1%CMI FY2025: -1.3%CYD FY2018: -5.2%CYD FY2019: +4.6%CYD FY2020: +25.1%CYD FY2021: +5.8%CYD FY2022: -31.4%CYD FY2023: +10.2%CYD FY2024: +5.0%FY18FY19FY20FY21FY22FY23FY24FY25
CMI -1.3%CYD +5.0%
Free cash flow
CMI FY2018: $1.7BCMI FY2019: $2.5BCMI FY2020: $2.2BCMI FY2021: $1.5BCMI FY2022: $1BCMI FY2023: $2.8BCMI FY2024: $279MCMI FY2025: $2.4BCYD FY2017: $170.7MCYD FY2018: $39.3MCYD FY2019: $117.7MCYD FY2020: $128.4MCYD FY2021: -$10.7MCYD FY2022: -$79.2MCYD FY2023: $139.1MCYD FY2024: $58.4MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CMI $2.4BCYD $58.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cummins and China Yuchai International

Which is bigger by revenue, Cummins or China Yuchai International?

Cummins is bigger by revenue: $33.7B in fiscal 2025, against $2.7B for China Yuchai International in fiscal 2024.

Which keeps more of its revenue as profit, Cummins or China Yuchai International?

Cummins had a net margin of 8.4% in fiscal 2025; China Yuchai International had 1.7% in fiscal 2024.

Which grew revenue faster, Cummins or China Yuchai International?

In their latest fiscal years revenue changed by -1.3% at Cummins and +5.0% at China Yuchai International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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