Cummins Inc. (NYSE: CMI) reported a revenue increase from $24 billion in 2021 to $34.1 billion in 2023, with a net income rise from $2.1 billion to $2.7 billion during the same period. The company is projecting total revenue between $43 billion and $48 billion by 2030 and expects to generate $34 billion to $36 billion in operating cash flow. Cummins recently raised its quarterly dividend by 8.3% to $1.82.
Paycom Software (NYSE: PAYC) grew its revenue from $1.1 billion in 2021 to $1.7 billion in 2023, achieving a net income increase from $196 million to $340.8 million. The company anticipates strong demand for its cloud-based HR solutions, with healthy free cash flow of $232 million reported in the first nine months of 2024, a rise of 8% year-over-year.
Walmart (NYSE: WMT) experienced revenue growth from $572.8 billion in fiscal 2022 to $648.1 billion in fiscal 2024, and net income improved from $13.7 billion to $15.5 billion. In the first nine months of fiscal 2025, total revenue reached $500.4 billion, with a net income surge of 41% year-over-year to $14.2 billion. Walmart also recorded a 27% increase in global e-commerce sales during Q3.
