Cummins (CMI) Net Margin (2009 - 2026)
Cummins (CMI) posted Net Margin of 9.86% for Q2 2026, down 0.44 percentage points from 10.30% a year earlier but up 2.07 percentage points from the prior quarter.
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Analysis
Cummins (CMI) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Cummins was 7.82%, down 0.90 percentage points year-over-year; for FY2025, it was 8.44%, down 3.13 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -0.59 percentage points (FY2020 to FY2025).
- In prior years, Cummins' Net Margin was 11.57% in FY2024 (+9.41 pp), 2.16% in FY2023 (-5.50 pp), 7.66% in FY2022 (-1.21 pp) and 8.87% in FY2021 (-0.16 pp).
- Quarterly Net Margin has run from a low of -16.75% in Q4 2023 to a high of 23.72% in Q1 2024 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +1.00 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2024, with a gain of 21.70 percentage points; the weakest was Q4 2023, with a drop of 24.87 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 7.79% (Q1 2026), 6.95% (Q4 2025) and 6.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 20.20% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 9.62% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 18.96% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 15.20% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 14.73% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 14.35% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 18.95% |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 9.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.86% |
| Mar 31, 2026 | 7.79% |
| Dec 31, 2025 | 6.95% |
| Sep 30, 2025 | 6.44% |
| Jun 30, 2025 | 10.30% |
| Mar 31, 2025 | 10.08% |
| Dec 31, 2024 | 4.95% |
| Sep 30, 2024 | 9.57% |
| Jun 30, 2024 | 8.25% |
| Mar 31, 2024 | 23.72% |
| Dec 31, 2023 | -16.75% |
| Sep 30, 2023 | 7.78% |
| Jun 30, 2023 | 8.34% |
| Mar 31, 2023 | 9.35% |
| Dec 31, 2022 | 8.12% |
| Sep 30, 2022 | 5.45% |
| Jun 30, 2022 | 10.66% |
| Mar 31, 2022 | 6.55% |
| Dec 31, 2021 | 6.74% |
| Oct 3, 2021 | 8.95% |
API Access
Cummins Net 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=net-margin&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();