Cummins (CMI) Gross Margin (2009 - 2026)
Cummins' Gross Margin came in at 26.07% for Q2 2026, down 0.33 percentage points from 26.39% a year earlier and down 0.64 percentage points from the prior quarter.
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Analysis
Cummins (CMI) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cummins reported Gross Margin of 25.32%, down 0.31 percentage points year-over-year; for FY2025, it came in at 25.29%, up 0.55 percentage points from FY2024.
- Gross Margin has increased in each of the last four years, with a five-year change of +0.59 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 24.75% in FY2024 (+0.53 pp), 24.22% in FY2023 (+0.28 pp), 23.93% in FY2022 (+0.22 pp) and 23.71% in FY2021 (-1.00 pp).
- The five-year range for quarterly Gross Margin is 22.39% (Q3 2022) to 26.71% (Q1 2026).
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.50 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2023 (a gain of 2.17 percentage points), and the weakest in Q3 2021 (a drop of 2.66 percentage points).
- Business Quant data shows CMI's Gross Margin at 26.71% (Q1 2026), 22.86% (Q4 2025) and 25.60% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 44.13% |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 26.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.07% |
| 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 | 23.69% |
API Access
Cummins Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();