# Cummins **Source:** https://geo.sig.ai/brands/cummins **Vertical:** Manufacturing **Subcategory:** Enterprise **Tier:** Leader **Website:** cummins.com **Last Updated:** 2026-04-14 ## Summary Columbus IN power technology (NYSE: CMI) at record $34.1B 2024 revenue, net income $3.9B; diesel + hydrogen + electric power solutions, Jennifer Rumsey first female CEO, Accelera EV segment competing with Caterpillar. ## Company Overview Cummins Inc. is a Columbus, Indiana-based power technology manufacturer — publicly traded on the New York Stock Exchange (NYSE: CMI) as an S&P 500 Industrials component — designing, manufacturing, and distributing diesel, natural gas, electrified power, and hydrogen power solutions for commercial trucks, buses, construction and mining equipment, generators, rail, and marine applications through approximately 73,000 employees in 190 countries and territories. In fiscal year 2024, Cummins reported record full-year revenues of $34.1 billion (flat versus 2023), record net income of $3.9 billion ($28.37 diluted EPS), and record EBITDA of $6.3 billion — an exceptional performance given a significant decline in heavy-duty truck build rates in North America, demonstrating the benefit of geographic diversification and product breadth across power segments. Results included gains from the 2023 separation of Atmus Filtration Technologies (NYSE: ATMU) as an independent public company. CEO Jennifer Rumsey — the first female CEO of a major engine company in US history, who assumed leadership in 2022 — leads Cummins' strategic evolution through its Destination Zero strategy: achieving near-zero carbon emissions from Cummins products by 2050 through a portfolio of diesel, natural gas, hydrogen internal combustion engine, hydrogen fuel cell, and battery electric power solutions that allows customers to decarbonize at their own pace based on fuel availability, infrastructure, and economics. Cummins' Accelera (electrification) business unit develops battery systems, fuel cell modules, and e-axles for the zero-emission commercial vehicle transition. Cummins' diversified power solutions model creates competitive advantage through the range of power technologies that no single-technology competitor can match: a fleet operator managing a mixed portfolio of Class 8 long-haul trucks (needing diesel or hydrogen for long range), urban delivery vans (suited for battery electric), and construction equipment (requiring diesel for power density) can source Cummins' X15 diesel, 15XD hydrogen ICE, or PowerDrive 7000 battery system from a single supplier with a single dealer network — reducing supplier management complexity while accessing Cummins' warranty infrastructure and technician training. The Cummins aftermarket business (parts, service, remanufactured engines through 500+ distributor locations) generates approximately $3+ billion in annual revenue from the installed base of 1.3+ million engines in service globally — a recurring revenue stream that grows with the installed base and is less cyclical than new engine sales. In 2025, Cummins competes in diesel, natural gas, and alternative power solutions for commercial vehicles and industrial equipment against Caterpillar (NYSE: CAT, Cat engines for construction, $64.8B revenue), PACCAR (NASDAQ: PCAR, own engine development for Kenworth/Peterbilt trucks), and Daimler Truck (Frankfurt: DTG, Detroit Diesel engines for Freightliner, Mercedes trucks) for commercial truck engine supply agreements, industrial generator set market share, and zero-emission power technology development. Cummins' 2024 Destination Zero announcements emphasized hydrogen internal combustion engine development as a complementary pathway alongside hydrogen fuel cell and battery electric — targeting mining, marine, and rail applications where battery energy density is insufficient and hydrogen fuel cells face infrastructure limitations. The 2025 strategy focuses on navigating North American truck build rate recovery, growing international power generation business (data center generator sets represent a high-growth application as AI data center construction accelerates), and Accelera zero-emission product commercialization in partnerships with bus and truck OEMs. ## Frequently Asked Questions ### What does Cummins do? Cummins Inc. is a global power technology leader that designs, manufactures, and distributes engines, power generation systems, and related technologies. The company operates through five business segments—Engine, Components, Distribution, Power Systems, and Accelera by Cummins—offering diesel, natural gas, electric, and hybrid powertrains; integrated power generation systems; critical components like turbochargers, emission systems, and fuel systems; and zero-emissions technologies including fuel cells, batteries, and electrolyzers. Cummins serves customers worldwide through more than 9,000 locations across industries including on-highway trucking, construction, mining, marine, rail, and power generation. ### Who are Cummins' customers and target market? Cummins serves a diverse global customer base including truck and equipment manufacturers (OEMs), fleet operators, construction and mining companies, marine vessel operators, railroad companies, power generation utilities, data centers, and industrial facilities. The company's target markets span on-highway commercial vehicles, off-highway construction and mining equipment, marine propulsion and auxiliary power, rail locomotives, standby and prime power generation, and increasingly, customers seeking zero-emissions power solutions through hydrogen fuel cells, battery-electric systems, and green hydrogen production via electrolyzers. ### When was Cummins founded? Cummins was founded on February 3, 1919, in Columbus, Indiana, by mechanic and inventor Clessie Lyle Cummins and banker William Glanton Irwin. The company started with just four employees and focused on developing diesel engine technology, which was invented by Rudolph Diesel in the 1890s but remained commercially unproven. After 18 years of losses, Cummins recorded its first profit in 1937, and went on to dominate the heavy-duty truck engine market from 1952-1959 with its N Series engines during the post-World War II road-building boom. ### Where is Cummins headquartered? Cummins Inc. is headquartered in Columbus, Indiana, at 500 Jackson Street, Columbus, IN 47202. The company has maintained its headquarters in Columbus since its founding in 1919, though it now operates globally with approximately 70,000 employees across 197 countries and territories, serving customers through more than 9,000 locations worldwide including manufacturing facilities, distribution centers, and service locations. ### How much funding has Cummins raised? As a public company founded in 1919, Cummins has been publicly traded since 1947 and listed on the New York Stock Exchange since 1964 under ticker symbol CMI. Rather than raising venture capital funding, Cummins grew through patient capital investment from founder William Irwin, who sustained the company through 18 years of losses before profitability in 1937. Today, Cummins has a market capitalization of approximately $64 billion and generates substantial capital through operations, with 2024 revenue of $34.1 billion and net income of $3.9 billion. ### What makes Cummins different from competitors? Cummins differentiates itself through its multi-energy strategy, offering diesel, natural gas, hybrid, battery-electric, and hydrogen fuel cell solutions to meet diverse customer needs during the energy transition. The company's fuel-agnostic HELM engine platform can support multiple fuel types, providing flexibility as markets evolve. With over 100 years of diesel engine expertise combined with significant investments in zero-emissions technology through Accelera by Cummins, the company bridges traditional and future power solutions. Cummins' global service network of 9,000+ locations provides unmatched customer support, and the company's strong commitment to diversity, inclusion, and sustainability (recognized by Financial Times and Forbes) attracts top talent and builds customer trust. ### Who are Cummins' main competitors? Cummins competes with different companies across its diverse business segments. In engines and powertrains, key competitors include Caterpillar, Daimler Truck (Detroit Diesel and MTU), PACCAR (with its MX engines), Volvo Group, and Deutz. In power generation, Cummins competes with Caterpillar, Generac, Kohler, and MTU. In turbochargers, competitors include BorgWarner, Garrett Motion, and IHI. In zero-emissions technologies through Accelera, Cummins faces competition from Ballard Power Systems, Plug Power, ITM Power, Nel Hydrogen, and automotive manufacturers developing electric powertrains. Cummins' integrated approach across multiple segments provides competitive advantages through economies of scale and technology sharing. ### How can I contact Cummins? Cummins Inc. can be contacted at its headquarters: 500 Jackson Street, Columbus, IN 47202, United States. For investor relations, customer inquiries, and general information, visit www.cummins.com. The company maintains a comprehensive website with contact information for various departments, product lines, and global locations. Customers can also reach Cummins through its extensive distribution network of more than 9,000 locations worldwide, ensuring service is always nearby whether in remote locations or in major cities. ### Is Cummins hiring? Yes, Cummins regularly hires across its global operations, employing approximately 70,000 people across 197 countries and territories. The company has been recognized as a Forbes Best Large Employer and received Glassdoor's Best Places to Work 2024 Employees' Choice Award. Cummins offers competitive benefits focused on total well-being (physical, emotional, financial, and social), flexible working arrangements, enhanced parental leave policies inclusive of adoption, and over 150 employee resource groups worldwide. Interested candidates can visit the careers section at www.cummins.com for current opportunities in engineering, manufacturing, sales, service, operations, and corporate functions. ### What's the latest news about Cummins? Recent major developments include Cummins' record 2024 financial performance with $34.1 billion in revenue and $3.9 billion in net income despite challenging market conditions. In February 2025, the company acquired First Mode's assets for decarbonization leadership in mining and rail applications. Cummins assumed full ownership of Hydrogenics fuel cell and electrolyzer technologies, strengthening its Accelera zero-emissions platform. The company announced major electrolyzer deployments including a 100MW system for bp's Lingen green hydrogen project in Germany and delivered its largest electrolyzer system to a New York hydrogen facility. Cummins continues advancing its multi-energy strategy with new HELM fuel-agnostic engine platforms supporting diesel, natural gas, and hydrogen. ### What is Cummins' market position? Cummins is a Fortune 500 company and global leader in power solutions with a market capitalization of approximately $64 billion. The company is the world's largest independent diesel engine manufacturer and holds leading positions in turbochargers (Holset brand), emission solutions, filtration systems (Fleetguard brand), and power generation. Cummins engines power a significant portion of North American heavy-duty trucks and are widely used in construction, mining, marine, and rail applications globally. With operations in 197 countries and 2024 revenue of $34.1 billion, Cummins ranks among the top power technology companies worldwide and is increasingly recognized as a leader in zero-emissions solutions through its Accelera business segment. ### What are Cummins' future plans and growth strategy? Cummins' future strategy centers on its multi-energy approach, investing in both traditional power solutions and zero-emissions technologies to serve diverse customer needs during the energy transition. The company is expanding its Accelera by Cummins segment with hydrogen fuel cells, battery-electric systems, and electrolyzers while maintaining leadership in advanced diesel and natural gas engines through fuel-agnostic platforms like HELM. Key growth initiatives include scaling electrolyzer production for green hydrogen (projects in Germany and New York), expanding hybrid and electric powertrain solutions for mining and rail through the First Mode acquisition, developing hydrogen combustion engines as a longer-term alternative fuel option, and strengthening its global distribution and service network. Cummins plans over $1 billion in investments in engine plants and hydrogen equipment while maintaining its commitment to sustainability, diversity, and operational excellence. ## Tags b2b, hardware, manufacturing, transportation, public, global, fortune500, enterprise --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*