Cummins CMI
NYSE CMI
$554.66 -6.89 (-1.23%)
As of: Sep 9, 2026 · 3:59 PM EDT

Cummins (CMI) Gross Margin (2009 - 2026)

Cummins' (CMI) quarterly Gross Margin came in at 26.07% in Q2 2026, down 33.0% on a YoY basis from 38.9% in Q2 2025, and down 2.41% quarter-over-quarter from 26.71% in Q1 2026.

Analysis

Cummins (CMI) Gross Margin (2009 - 2026) Analysis & Trends

Cummins (CMI) has reported Gross Margin for 18 consecutive years, with 26.07% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 33.0% year-over-year to 26.07%; the trailing twelve-month figure through Jun 2026 stood at 25.32% (down 31.0% YoY), and the FY2025 full-year result was 25.29%, up 55.0% from the prior year.
  • Gross Margin slipped to 26.07% in Q2 2026 per CMI's latest filing, from 26.71% 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.
  • Historically, Gross Margin has averaged 24.77% across 5 years, with a median of 24.72% in 2023.
  • The widest YoY moves for Gross Margin: up 217 bps in 2023, down 134 bps in 2023.
  • Over 5 years, 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 14 bps to 26.07% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 26.07%, 26.71%, and 22.86% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Caterpillar 374.13 Bn 367.42 Bn 7.76 Bn 37.78%
2 Cummins 77.17 Bn 73.56 Bn 2.47 Bn 26.07%
3 Paccar 65.64 Bn 56.97 Bn 1.56 Bn 20.64%
4 Borgwarner 13.75 Bn 11.48 Bn 721.00 Mn 19.76%
5 Allison Transmission Holdings 10.84 Bn 10.44 Bn 515.00 Mn 32.89%
6 Oshkosh 9.71 Bn 9.31 Bn 480.30 Mn 16.48%
7 Federal Signal 7.29 Bn 7.22 Bn 203.80 Mn 30.41%
8 Terex 7.23 Bn 6.82 Bn 444.00 Mn 19.84%
9 Dana 3.45 Bn 3.18 Bn 210.00 Mn 10.45%
10 Phinia 2.53 Bn 2.16 Bn 216.00 Mn 22.98%
Historic Data

Historic Data

Download Data
DateValue
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%