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%-0.3pp	25.6%0.0pp	25.6%+0.4pp	25.3%+0.5pp
Operating margin	11.3%-0.6pp	12%+0.2pp	11.7%-0.5pp	12.3%+0.6pp	11.7%+0.7pp
Net margin	8.2%-0.6pp	8.8%+0.5pp	8.3%-0.8pp	9.1%+0.6pp	8.5%-3.4pp
Returns
Return on equity	23.9%-2.2pp	26.1%+1.3pp	24.9%-3.9pp	28.7%-0.2pp	28.9%-13.6pp
Return on invested capital	22.9%-1.9pp	24.8%+0.6pp	24.2%-1.4pp	25.6%-1.6pp	27.2%0.0pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1.1×0.0×
Liquidity
Current ratio	1.7×-0.1×	1.8×0.0×	1.8×+0.1×	1.6×+0.3×	1.3×0.0×
Leverage
Debt-to-equity	0.6×0.0×	0.6×0.0×	0.7×-0.1×	0.7×+0.1×	0.6×0.0×
Net debt / EBITDA	1.1×+0.1×	1×-0.1×	1.1×-0.1×	1.2×+0.2×	1×0.0×
Per Share
Book value per share	$88.98—	——	$86.92+2.1%	$85.12+7.8%	$78.99—
Valuation
Market capitalization	$74.34B+5.5%	$70.46B+21.1%	$58.2B+30.5%	$44.61B+3.5%	$43.09B-9.9%
Price / earnings	26.7×+2.8×	23.8×+2.9×	20.9×+6.4×	14.6×-0.4×	14.9×+3.2×
Price / sales	2.2×+0.1×	2.1×+0.4×	1.7×+0.4×	1.3×+0.1×	1.3×-0.1×
Price / book	6×+0.3×	5.7×+0.9×	4.8×+1.0×	3.8×-0.2×	3.9×-0.7×
EV / EBITDA	16.1×+1.4×	14.7×+2.1×	12.6×+2.9×	9.7×+0.2×	9.5×-1.4×
Dividend yield	1.5%0.0pp	1.5%-0.3pp	1.8%-0.5pp	2.2%0.0pp	2.3%+0.3pp

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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.