Return on Equity (ROE)
since 2005
Calculation
Cummins Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to Cummins Inc.1 | ÷ | Total Cummins Inc. shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 8.31% | = | 100 | × | 735) | ÷ | 8,850) |
| Dec 31, 2022 | 23.97% | = | 100 | × | 2,151) | ÷ | 8,975) |
| Dec 31, 2021 | 25.15% | = | 100 | × | 2,131) | ÷ | 8,474) |
| Dec 31, 2020 | 22.19% | = | 100 | × | 1,789) | ÷ | 8,062) |
| Dec 31, 2019 | 30.11% | = | 100 | × | 2,260) | ÷ | 7,507) |
| Dec 31, 2018 | 29.14% | = | 100 | × | 2,141) | ÷ | 7,348) |
| Dec 31, 2017 | 13.76% | = | 100 | × | 999) | ÷ | 7,259) |
| Dec 31, 2016 | 20.28% | = | 100 | × | 1,394) | ÷ | 6,875) |
| Dec 31, 2015 | 18.89% | = | 100 | × | 1,399) | ÷ | 7,406) |
| Dec 31, 2014 | 21.31% | = | 100 | × | 1,651) | ÷ | 7,749) |
| Dec 31, 2013 | 19.75% | = | 100 | × | 1,483) | ÷ | 7,510) |
| Dec 31, 2012 | 24.91% | = | 100 | × | 1,645) | ÷ | 6,603) |
| Dec 31, 2011 | 33.65% | = | 100 | × | 1,848) | ÷ | 5,492) |
| Dec 31, 2010 | 22.27% | = | 100 | × | 1,040) | ÷ | 4,670) |
| Dec 31, 2009 | 11.34% | = | 100 | × | 428) | ÷ | 3,773) |
| Dec 31, 2008 | 23.37% | = | 100 | × | 755) | ÷ | 3,230) |
| Dec 31, 2007 | 21.68% | = | 100 | × | 739) | ÷ | 3,409) |
| Dec 31, 2006 | 25.52% | = | 100 | × | 715) | ÷ | 2,802) |
| Dec 31, 2005 | 29.51% | = | 100 | × | 550) | ÷ | 1,864) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Cummins Inc., ROE, long-term trends, comparison to competitors
| Cummins Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 8.31% | — | 53.02% | 16.90% | 34.63% | 35.68% | 101.24% | 5.34% |
| Dec 31, 2022 | 23.97% | — | 42.25% | 14.45% | 0.62% | 29.74% | 61.86% | 7.16% |
| Dec 31, 2021 | 25.15% | — | 39.37% | 13.06% | -16.17% | 29.85% | 57.62% | 5.29% |
| Dec 31, 2020 | 22.19% | — | 19.56% | 9.44% | 16.04% | 27.23% | 113.60% | -4.88% |
| Dec 31, 2019 | 30.11% | — | 41.77% | 13.75% | -17.58% | 33.22% | 199.23% | 13.25% |
| Dec 31, 2018 | 29.14% | 3,085.55% | 43.79% | 13.32% | -72.16% | 37.21% | 361.98% | 13.70% |
| Dec 31, 2017 | 13.76% | 2,309.01% | 5.50% | 17.30% | -9.00% | 9.58% | — | 15.37% |
| Dec 31, 2016 | 20.28% | 599.14% | -0.51% | 12.90% | 11.65% | 24.83% | 350.89% | 18.33% |
| Dec 31, 2015 | 18.89% | 81.70% | 14.19% | 13.03% | -6.23% | 26.08% | 116.40% | 27.81% |
| Dec 31, 2014 | 21.31% | 62.85% | 22.06% | 11.36% | 11.89% | 24.01% | 106.29% | 19.93% |
| Dec 31, 2013 | 19.75% | 30.82% | 18.21% | 11.08% | 10.00% | 22.47% | 60.61% | 17.95% |
| Dec 31, 2012 | 24.91% | 66.47% | 32.40% | 8.07% | 11.09% | 22.55% | 7,038.46% | 19.80% |
| Dec 31, 2011 | 33.65% | 114.31% | 38.25% | 18.07% | 12.15% | 19.13% | 265.23% | 22.76% |
| Dec 31, 2010 | 22.27% | 119.56% | 24.94% | 12.62% | 9.79% | 18.96% | 78.91% | 20.45% |
| Dec 31, 2009 | 11.34% | 61.65% | 10.24% | 5.65% | 9.40% | 24.34% | 73.24% | 19.08% |
| Dec 31, 2008 | 23.37% | — | 58.44% | 16.75% | 16.63% | 38.85% | 112.29% | 29.46% |
| Dec 31, 2007 | 21.68% | 45.25% | 39.86% | 19.22% | 19.22% | 26.50% | 30.93% | 19.78% |
| Dec 31, 2006 | 25.52% | 46.74% | 51.57% | 23.14% | 18.55% | 21.43% | 36.74% | 21.58% |
| Dec 31, 2005 | 29.51% | 23.26% | 33.85% | 21.31% | 14.95% | 14.71% | 23.20% | 18.06% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Cummins Inc., ROE, long-term trends, comparison to sector (capital goods)
| Cummins Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2023 | 8.31% | 27.89% |
| Dec 31, 2022 | 23.97% | 13.39% |
| Dec 31, 2021 | 25.15% | 8.48% |
| Dec 31, 2020 | 22.19% | 4.42% |
| Dec 31, 2019 | 30.11% | 18.11% |
| Dec 31, 2018 | 29.14% | 11.28% |
| Dec 31, 2017 | 13.76% | 10.13% |
| Dec 31, 2016 | 20.28% | 20.08% |
| Dec 31, 2015 | 18.89% | 10.42% |
| Dec 31, 2014 | 21.31% | 18.16% |
| Dec 31, 2013 | 19.75% | 15.14% |
| Dec 31, 2012 | 24.91% | 17.58% |
| Dec 31, 2011 | 33.65% | 19.63% |
| Dec 31, 2010 | 22.27% | 15.88% |
| Dec 31, 2009 | 11.34% | 13.47% |
| Dec 31, 2008 | 23.37% | 24.97% |
| Dec 31, 2007 | 21.68% | 22.64% |
| Dec 31, 2006 | 25.52% | 22.16% |
| Dec 31, 2005 | 29.51% | 17.27% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Cummins Inc., ROE, long-term trends, comparison to industry (industrials)
| Cummins Inc. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 8.31% | 27.83% |
| Dec 31, 2022 | 23.97% | 15.70% |
| Dec 31, 2021 | 25.15% | 15.61% |
| Dec 31, 2020 | 22.19% | 0.67% |
| Dec 31, 2019 | 30.11% | 14.80% |
| Dec 31, 2018 | 29.14% | 18.12% |
| Dec 31, 2017 | 13.76% | 18.27% |
| Dec 31, 2016 | 20.28% | 21.84% |
| Dec 31, 2015 | 18.89% | 16.16% |
| Dec 31, 2014 | 21.31% | 19.66% |
| Dec 31, 2013 | 19.75% | 16.39% |
| Dec 31, 2012 | 24.91% | 17.17% |
| Dec 31, 2011 | 33.65% | 20.00% |
| Dec 31, 2010 | 22.27% | 16.32% |
| Dec 31, 2009 | 11.34% | 12.81% |
| Dec 31, 2008 | 23.37% | 20.67% |
| Dec 31, 2007 | 21.68% | 20.32% |
| Dec 31, 2006 | 25.52% | 31.99% |
| Dec 31, 2005 | 29.51% | 7.87% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).