What are Cummins's profit margins?

Cummins (CMI) runs a 25.4% gross margin and a 11.3% operating margin, with a 8.2% net margin.

Where do Cummins's ratios come from?

Every ratio is computed from Cummins's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Cummins CMI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	25.4%+0.1pp	25.3%+0.5pp	25.6%+1.0pp	25.6%+1.3pp	25.3%+1.0pp
Operating margin	11.3%-0.4pp	12%+1.0pp	11.7%—	12.3%—	11.7%—
Net margin	8.2%-0.3pp	8.8%-3.1pp	8.3%—	9.1%—	8.5%—
Returns
Return on equity	23.9%-5.0pp	26.1%-16.4pp	24.9%—	28.7%—	28.9%—
Return on invested capital	22.9%-4.3pp	24.8%-2.4pp	24.2%—	25.6%—	27.2%—
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×-0.1×	1.1×0.0×
Liquidity
Current ratio	1.7×+0.4×	1.8×+0.4×	1.8×+0.4×	1.6×+0.3×	1.3×0.0×
Leverage
Debt-to-equity	0.6×+0.1×	0.6×0.0×	0.7×0.0×	0.7×0.0×	0.6×-0.2×
Net debt / EBITDA	1.1×+0.1×	1×0.0×	1.1×—	1.2×—	1×—
Per Share
Book value per share	$88.98+12.7%	——	$86.92+16.4%	$85.12+22.9%	$78.99+23.8%
Valuation
Market capitalization	$74.34B+72.5%	$70.46B+47.3%	$58.2B+31.1%	$44.61B+17.8%	$43.09B+7.3%
Price / earnings	26.7×+11.8×	23.8×+12.1×	20.9×—	14.6×—	14.9×—
Price / sales	2.2×+0.9×	2.1×+0.7×	1.7×+0.4×	1.3×+0.2×	1.3×+0.1×
Price / book	6×+2.1×	5.7×+1.0×	4.8×+0.5×	3.8×-0.2×	3.9×-0.5×
EV / EBITDA	16.1×+6.5×	14.7×+3.8×	12.6×—	9.7×—	9.5×—
Dividend yield	1.5%-0.8pp	1.5%-0.5pp	1.8%-0.4pp	2.2%-0.2pp	2.3%-0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Cummins.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Cummins's profit margins?: Cummins (CMI) runs a 25.4% gross margin and a 11.3% operating margin, with a 8.2% net margin.
Where do Cummins's ratios come from?: Every ratio is computed from Cummins's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.