Cummins (CMI) Net Margin (2009 - 2026)
Cummins' (CMI) quarterly Net Margin came in at 7.79% in Q1 2026, down 229.0% YoY from 6.04% in Q1 2025, and up 12.1% on a QoQ basis from 6.95% in Q4 2025.
Cummins (CMI) Net Margin (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Net Margin data on file, last reported at 7.79% in 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 rose to 7.79% in Q1 2026, from 6.95% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.72% in Q1 2024 to a low of 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 plunged 13325 bps — and 2024, when it surged 2170 bps.
- Tracing CMI's Net Margin over 5 years: stood at 8.12% in 2022, then plunged by 306 bps to 16.75% in 2023, then jumped by 130 bps to 4.95% in 2024, then surged by 40 bps to 6.95% in 2025, then grew by 12 bps to 7.79% in 2026.
- The last three Net Margin figures came in at 7.79% (Q1 2026), 6.95% (Q4 2025), and 6.44% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 5.84% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 9.65% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 16.48% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 14.73% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 9.86% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 18.95% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 19.90% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 17.64% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 12.59% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 11.64% |
Historic Data
Download 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 | 138.70% |