Cummins (CMI) Net Margin (2009 - 2026)
Cummins (CMI) posted Net Margin of 7.79% for Q1 2026, up 12.1% on a QoQ basis from 6.95% in Q4 2025, and down 229.0% year-over-year from 6.04% in Q1 2025.
Cummins (CMI) Net Margin (2009 - 2026) Analysis & Trends
Cummins' Net Margin history runs 18 years deep, the most recent figure standing at 7.79% for Q1 2026.
- Quarterly Net Margin fell 229.0% year-over-year to 7.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.89% (down 31.0% YoY) and the FY2025 annual result came in at 8.44%, down 313.0% from the prior year.
- Net Margin was 7.79% for Q1 2026 at Cummins, up from 6.95% in the prior quarter.
- Across five years, Net Margin topped out at 23.72% in Q1 2024 and bottomed at 16.75% in Q4 2023.
- A 5-year average of 7.5% and a median of 8.12% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 13325 bps — and 2024, when it surged 2170 bps.
- Cummins' Net Margin stood at 8.12% in 2022, then slumped by 306 bps to 16.75% in 2023, then soared by 130 bps to 4.95% in 2024, then jumped by 40 bps to 6.95% in 2025, then rose by 12 bps to 7.79% in 2026.
- Business Quant data shows CMI's Net Margin at 7.79% in Q1 2026, 6.95% in Q4 2025, and 6.44% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 5.84% |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 11.64% |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 16.48% |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 7.79% |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 13.55% |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 19.12% |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 20.71% |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 15.68% |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 10.49% |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 8.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 138.70% |
| Jul 4, 2021 | 141.84% |