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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Cummins (CMI) Gross Margin (2016 - 2025)

Cummins' Gross Margin history spans 17 years, with the latest figure at 22.86% for Q4 2025.

  • For Q4 2025, Gross Margin fell 122.0% year-over-year to 22.86%; the TTM value through Dec 2025 reached 25.29%, up 55.0%, while the annual FY2025 figure was 25.29%, 55.0% up from the prior year.
  • Gross Margin reached 22.86% in Q4 2025 per CMI's latest filing, down from 25.6% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 26.39% in Q2 2025 to a low of 22.39% in Q3 2022.
  • Average Gross Margin over 5 years is 24.39%, with a median of 24.24% recorded in 2021.
  • Peak YoY movement for Gross Margin: crashed -266bps in 2021, then soared 217bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 22.51% in 2021, then grew by 4bps to 23.41% in 2022, then rose by 0bps to 23.42% in 2023, then grew by 3bps to 24.08% in 2024, then decreased by -5bps to 22.86% in 2025.
  • Per Business Quant, the three most recent readings for CMI's Gross Margin are 22.86% (Q4 2025), 25.6% (Q3 2025), and 26.39% (Q2 2025).