Cummins CMI Ratios & Valuation
| 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 | |
| Returns | |||||
| Return on equity | 108.7%— | —— | —— | 97.9%-11.9pp | |
| 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× | |
| Liquidity | |||||
| Current ratio | 6.5×+1.2× | 5.3×0.0× | 5.3×-0.7× | 6×-1.2× | |
| Leverage | |||||
| Debt-to-equity | 2.6×-0.1× | 2.7×+0.2× | 2.5×+0.1× | 2.4×+0.3× | |
| Net debt / EBITDA | 4.2×— | —— | —— | 3.4×+1.4× | |
| Valuation | |||||
| Market capitalization | $216.36B+27.1% | $170.23B+26.3% | $134.83B+13.0% | $119.31B-11.8% | |
| 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× | |
| Dividend yield | 7.8%-1.2pp | 9%-1.6pp | 10.6%-0.6pp | 11.3%+1.8pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
