Cummins CMI Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 101.9%+3.0pp | 101.8%+3.9pp | 101.2%+3.8pp | 100.2%+3.2pp | 98.9%+2.4pp | |
| Operating margin | 47.3%— | 47.7%— | 46.7%— | —— | —— | |
| Net margin | 34.4%— | 34.7%— | 37.8%— | —— | —— | |
| Returns | ||||||
| Return on equity | 103.7%— | 108.7%— | 125.1%— | —— | —— | |
| Return on invested capital | 97.4%— | 101.7%— | 104.1%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 4.1×-0.2× | 4.1×-0.2× | 4.2×-0.1× | 4.2×-0.1× | 4.3×-0.1× | |
| Liquidity | ||||||
| Current ratio | 6.9×+1.6× | 6.5×+1.2× | 6.1×+0.9× | 5.6×+0.3× | 5.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.7×+0.1× | 2.6×-0.1× | 2.6×-0.1× | 2.6×-0.1× | 2.5×-0.1× | |
| Net debt / EBITDA | 4.3×— | 4.2×— | 4.2×— | —— | —— | |
| Valuation | ||||||
| Market capitalization | $247.61B+43.0% | $216.36B+27.1% | $193.72B+23.9% | $179.9B+24.6% | $173.17B+22.7% | |
| Price / earnings | 86×— | 74.2×— | 62.1×— | —— | —— | |
| Price / sales | 7.3×+2.3× | 6.4×+1.4× | 5.7×+1.1× | 5.3×+1.0× | 5.1×+0.9× | |
| Price / book | 20.3×+3.5× | 18.3×+0.9× | 17.2×+0.7× | 16.7×+1.4× | 16.9×+2.2× | |
| EV / EBITDA | 53.1×— | 46.6×— | 42.8×— | —— | —— | |
| Dividend yield | 7%-2.0pp | 7.8%-1.2pp | 8.3%-1.4pp | 8.7%-1.6pp | 9%-1.5pp |
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.
