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Cummins vs Westport Fuel Systems: revenue, profit, margins and growth compared

Cummins brought in $33.7B of revenue in fiscal 2025, Westport Fuel Systems $23.3M in fiscal 2025. Revenue changed by -1.3% at Cummins and -42.7% at Westport Fuel Systems on the year before, so Cummins grew faster. Cummins kept 8.4% of its revenue as net profit, Westport Fuel Systems -264.3%. Free cash flow was $2.4B at Cummins and -$16.9M at Westport Fuel Systems.

Side by side, latest fiscal year

CMIWPRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$33.7B$23.3M
Revenue growth-1.3%-42.7%
Net income$2.8B-$61.6M
Net margin8.4%-264.3%
Free cash flow$2.4B-$16.9M
Free cash flow margin7.1%-72.6%
Earnings per share (diluted)$20.50-$3.56
Cash$2.8B$27.2M
Debt$6.9B$2.9M
Price to earnings25.6n/a
Market value$72.3B$38.6M
Dividend yield1.46%n/a
Rank by revenue in sector#18 of 518 · Industrials#447 of 518 · 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: $33.7BWPRT FY2018: $270.3MWPRT FY2019: $305.3MWPRT FY2020: $252.5MWPRT FY2021: $312.4MWPRT FY2022: $305.7MWPRT FY2023: $68.2MWPRT FY2024: $40.7MWPRT FY2025: $23.3MFY18FY19FY20FY21FY22FY23FY24FY25
CMI $33.7BWPRT $23.3M
Net income
CMI FY2018: $2.1BCMI FY2019: $2.3BCMI FY2020: $1.8BCMI FY2021: $2.1BCMI FY2022: $2.2BCMI FY2023: $735MCMI FY2024: $3.9BCMI FY2025: $2.8BWPRT FY2018: -$31.5MWPRT FY2019: $41KWPRT FY2020: -$7.4MWPRT FY2021: $13.7MWPRT FY2022: -$32.7MWPRT FY2023: -$49.7MWPRT FY2024: -$21.8MWPRT FY2025: -$61.6MFY18FY19FY20FY21FY22FY23FY24FY25
CMI $2.8BWPRT -$61.6M
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%WPRT FY2018: -11.7%WPRT FY2019: 0.0%WPRT FY2020: -2.9%WPRT FY2021: 4.4%WPRT FY2022: -10.7%WPRT FY2023: -72.9%WPRT FY2024: -53.7%WPRT FY2025: -264.3%FY18FY19FY20FY21FY22FY23FY24FY25
CMI 8.4%WPRT -264.3%
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%WPRT FY2019: +13.0%WPRT FY2020: -17.3%WPRT FY2021: +23.7%WPRT FY2022: -2.1%WPRT FY2023: -77.7%WPRT FY2024: -40.3%WPRT FY2025: -42.7%FY19FY20FY21FY22FY23FY24FY25
CMI -1.3%WPRT -42.7%
Free cash flow
CMI FY2018: $1.7BCMI FY2019: $2.5BCMI FY2020: $2.2BCMI FY2021: $1.5BCMI FY2022: $1BCMI FY2023: $2.8BCMI FY2024: $279MCMI FY2025: $2.4BWPRT FY2018: -$37.7MWPRT FY2019: -$24.5MWPRT FY2020: -$42.3MWPRT FY2021: -$58MWPRT FY2022: -$48.9MWPRT FY2023: -$19.7MWPRT FY2024: $3.4MWPRT FY2025: -$16.9MFY18FY19FY20FY21FY22FY23FY24FY25
CMI $2.4BWPRT -$16.9M

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

Questions about Cummins and Westport Fuel Systems

Which is bigger by revenue, Cummins or Westport Fuel Systems?

Cummins is bigger by revenue: $33.7B in fiscal 2025, against $23.3M for Westport Fuel Systems in fiscal 2025.

Which keeps more of its revenue as profit, Cummins or Westport Fuel Systems?

Cummins had a net margin of 8.4% in fiscal 2025; Westport Fuel Systems had -264.3% in fiscal 2025.

Which grew revenue faster, Cummins or Westport Fuel Systems?

In their latest fiscal years revenue changed by -1.3% at Cummins and -42.7% at Westport Fuel Systems.

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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