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%—	——	——
Returns
Return on equity	103.7%-5.0pp	108.7%-16.4pp	125.1%—	——	——
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×
Liquidity
Current ratio	6.9×+0.4×	6.5×+0.4×	6.1×+0.4×	5.6×+0.3×	5.3×0.0×
Leverage
Debt-to-equity	2.7×+0.1×	2.6×0.0×	2.6×0.0×	2.6×0.0×	2.5×-0.2×
Net debt / EBITDA	4.3×+0.1×	4.2×0.0×	4.2×—	——	——
Valuation
Market capitalization	$247.61B+14.4%	$216.36B+11.7%	$193.72B+7.7%	$179.9B+3.9%	$173.17B+1.7%
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×—	——	——
Dividend yield	7%-0.8pp	7.8%-0.5pp	8.3%-0.4pp	8.7%-0.2pp	9%-0.1pp

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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.