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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	101.8%+3.9pp	97.9%+1.8pp	96.1%+0.6pp	95.5%-1.0pp
Operating margin	47.7%—	——	——	41.5%-5.6pp
Net margin	34.7%—	——	——	31.7%-5.4pp
EBITDA margin	60.6%—	——	——	52.3%-6.5pp
Free cash flow margin	18.8%+5.9pp	12.8%-9.4pp	22.3%+3.8pp	18.4%-19.0pp
Returns
Return on equity	108.7%—	——	——	97.9%-11.9pp
Return on assets	35.8%—	——	——	32.6%-6.0pp
Return on invested capital	101.7%—	——	——	79.6%-12.2pp
Efficiency
Asset turnover	4.1×-0.2×	4.3×-0.1×	4.4×+0.3×	4.1×0.0×
Inventory turnover	16.8×-0.8×	17.6×-0.4×	17.9×+0.9×	17×-1.2×
Liquidity
Current ratio	6.5×+1.2×	5.3×0.0×	5.3×-0.7×	6×-1.2×
Quick ratio	4.1×+0.9×	3.3×0.0×	3.3×-0.4×	3.7×-1.0×
Cash ratio	0.9×+0.3×	0.7×-0.1×	0.7×-0.3×	1×-0.5×
Leverage
Debt-to-equity	2.6×-0.1×	2.7×+0.2×	2.5×+0.1×	2.4×+0.3×
Debt-to-assets	0.9×+0.1×	0.8×+0.1×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	4.2×—	——	——	3.4×+1.4×
Interest coverage	47.4×—	——	——	84.1×-14.1×
Valuation
Market capitalization	$216.36B+27.1%	$170.23B+26.3%	$134.83B+13.0%	$119.31B-11.8%
Enterprise value	$237.84B+25.8%	$189.08B+25.2%	$150.97B+15.5%	$130.76B-7.9%
Price / earnings	74.2×—	——	——	58.4×-5.5×
Price / sales	6.4×+1.4×	5×+0.8×	4.2×-0.4×	4.6×-1.3×
Price / book	18.3×+0.9×	17.4×+3.6×	13.7×-0.1×	13.8×-3.0×
EV / EBITDA	46.6×—	——	——	38.7×-3.5×
EV / sales	7.1×+1.5×	5.5×+0.9×	4.7×-0.4×	5.1×-1.2×
Free cash flow yield	11%+0.1pp	10.9%-10.9pp	21.8%+5.8pp	16%-9.1pp
Earnings yield	22.6%—	——	——	27.5%+2.0pp
Dividend yield	7.8%-1.2pp	9%-1.6pp	10.6%-0.6pp	11.3%+1.8pp

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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.