Cummins (CMI) Gross Margin (2009 - 2026)
Cummins' (CMI) quarterly Gross Margin came in at 26.71% in Q1 2026, up 34.0% YoY from 19.93% in Q1 2025, and up 16.86% on a QoQ basis from 22.86% in Q4 2025.
Cummins (CMI) Gross Margin (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Gross Margin data on file, last reported at 26.71% in 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 improved to 26.71% in Q1 2026, from 22.86% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 26.71% in Q1 2026 to a low of 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 tumbled 34488 bps — and 2023, when it surged 217 bps.
- Tracing CMI's Gross Margin over 5 years: stood at 23.41% in 2022, then gained by 0 bps to 23.42% in 2023, then advanced by 3 bps to 24.08% in 2024, then slipped by 5 bps to 22.86% in 2025, then rose by 17 bps to 26.71% in 2026.
- The last three Gross Margin figures came in at 26.71% (Q1 2026), 22.86% (Q4 2025), and 25.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 42.10% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 29.52% |
Historic Data
Download 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 | 367.27% |