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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	101.9%+0.1pp	101.8%+0.5pp	101.2%+1.0pp	100.2%+1.3pp	98.9%+1.0pp
Operating margin	47.3%-0.4pp	47.7%+1.0pp	46.7%—	——	——
Net margin	34.4%-0.3pp	34.7%-3.1pp	37.8%—	——	——
EBITDA margin	60.4%-0.2pp	60.6%+1.1pp	59.5%—	——	——
Free cash flow margin	26.6%+7.9pp	18.8%+6.3pp	12.5%+5.8pp	6.7%+1.4pp	5.4%-7.5pp
Returns
Return on equity	103.7%-5.0pp	108.7%-16.4pp	125.1%—	——	——
Return on assets	35.2%-0.7pp	35.8%-3.8pp	39.6%—	——	——
Return on invested capital	97.4%-4.3pp	101.7%-2.4pp	104.1%—	——	——
Efficiency
Asset turnover	4.1×0.0×	4.1×0.0×	4.2×0.0×	4.2×-0.1×	4.3×0.0×
Inventory turnover	16.6×-0.1×	16.8×-0.1×	16.9×-0.3×	17.2×-0.2×	17.4×-0.2×
Liquidity
Current ratio	6.9×+0.4×	6.5×+0.4×	6.1×+0.4×	5.6×+0.3×	5.3×0.0×
Quick ratio	4.4×+0.3×	4.1×+0.4×	3.8×+0.3×	3.4×+0.2×	3.2×0.0×
Cash ratio	1×+0.1×	0.9×+0.1×	0.8×+0.1×	0.7×+0.1×	0.6×-0.1×
Leverage
Debt-to-equity	2.7×+0.1×	2.6×0.0×	2.6×0.0×	2.6×0.0×	2.5×-0.2×
Debt-to-assets	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.8×0.0×
Net debt / EBITDA	4.3×+0.1×	4.2×0.0×	4.2×—	——	——
Interest coverage	48×+0.6×	47.4×+2.1×	45.3×—	——	——
Valuation
Market capitalization	$247.61B+14.4%	$216.36B+11.7%	$193.72B+7.7%	$179.9B+3.9%	$173.17B+1.7%
Enterprise value	$269.61B+13.4%	$237.84B+10.7%	$214.95B+7.2%	$200.59B+4.1%	$192.64B+1.9%
Price / earnings	86×+11.8×	74.2×+12.1×	62.1×—	——	——
Price / sales	7.3×+0.9×	6.4×+0.7×	5.7×+0.4×	5.3×+0.2×	5.1×+0.1×
Price / book	20.3×+2.1×	18.3×+1.0×	17.2×+0.5×	16.7×-0.2×	16.9×-0.5×
EV / EBITDA	53.1×+6.5×	46.6×+3.8×	42.8×—	——	——
EV / sales	8×+0.9×	7.1×+0.7×	6.4×+0.5×	5.9×+0.3×	5.7×+0.1×
Free cash flow yield	14.6%+3.6pp	11%+2.8pp	8.2%+3.2pp	5.1%+0.5pp	4.5%-6.4pp
Earnings yield	19.6%-3.0pp	22.6%-4.3pp	26.9%—	——	——
Dividend yield	7%-0.8pp	7.8%-0.5pp	8.3%-0.4pp	8.7%-0.2pp	9%-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.