Cummins (CMI) Gross Margin (2009 - 2026)
Cummins (CMI) posted Gross Margin of 26.71% for Q1 2026, up 16.86% on a QoQ basis from 22.86% in Q4 2025, and up 34.0% year-over-year from 19.93% in Q1 2025.
Cummins (CMI) Gross Margin (2009 - 2026) Analysis & Trends
Cummins' Gross Margin history runs 18 years deep, the most recent figure standing at 26.71% for Q1 2026.
- Quarterly Gross Margin rose 34.0% year-over-year to 26.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.39% (up 13.0% YoY) and the FY2025 annual result came in at 25.29%, up 55.0% from the prior year.
- Gross Margin was 26.71% for Q1 2026 at Cummins, up from 22.86% in the prior quarter.
- Across five years, Gross Margin topped out at 26.71% in Q1 2026 and bottomed at 22.39% in Q3 2022.
- A 5-year average of 24.69% and a median of 24.56% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 34488 bps — and 2023, when it surged 217 bps.
- Cummins' Gross Margin stood at 23.41% in 2022, then climbed by 0 bps to 23.42% in 2023, then grew by 3 bps to 24.08% in 2024, then declined by 5 bps to 22.86% in 2025, then advanced by 17 bps to 26.71% in 2026.
- Business Quant data shows CMI's Gross Margin at 26.71% in Q1 2026, 22.86% in Q4 2025, and 25.6% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 50.25% |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 42.90% |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 37.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.71% |
| Dec 31, 2025 | 22.86% |
| Sep 30, 2025 | 25.60% |
| Jun 30, 2025 | 26.39% |
| Mar 31, 2025 | 26.36% |
| Dec 31, 2024 | 24.08% |
| Sep 30, 2024 | 25.67% |
| Jun 30, 2024 | 24.93% |
| Mar 31, 2024 | 24.29% |
| Dec 31, 2023 | 23.42% |
| Sep 30, 2023 | 24.56% |
| Jun 30, 2023 | 24.87% |
| Mar 31, 2023 | 24.00% |
| Dec 31, 2022 | 23.41% |
| Sep 30, 2022 | 22.39% |
| Jun 30, 2022 | 26.21% |
| Mar 31, 2022 | 23.99% |
| Dec 31, 2021 | 22.51% |
| Oct 3, 2021 | 367.27% |
| Jul 4, 2021 | 349.41% |