Cummins (CMI) Net Margin (2009 - 2026)
Cummins' (CMI) quarterly Net Margin came in at 9.86% in Q2 2026, down 44.0% on a YoY basis from 17.6% in Q2 2025, and up 26.55% quarter-over-quarter from 7.79% in Q1 2026.
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Cummins (CMI) Net Margin (2009 - 2026) Analysis & Trends
Cummins (CMI) has reported Net Margin for 18 consecutive years, with 9.86% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 44.0% year-over-year to 9.86%; the trailing twelve-month figure through Jun 2026 stood at 7.82% (down 90.0% YoY), and the FY2025 full-year result was 8.44%, down 313.0% from the prior year.
- Net Margin rose to 9.86% in Q2 2026 per CMI's latest filing, from 7.79% 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.
- Historically, Net Margin has averaged 7.63% across 5 years, with a median of 8.19% in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin tumbled 2487 bps in 2023, then soared 2170 bps in 2024.
- Over 5 years, 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 soared by 42 bps to 9.86% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 9.86%, 7.79%, and 6.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 369.61 Bn | 362.90 Bn | 7.76 Bn | 17.49% |
| 2 | Cummins | 75.36 Bn | 70.69 Bn | 2.47 Bn | 9.86% |
| 3 | Paccar | 64.71 Bn | 56.04 Bn | 1.56 Bn | 9.96% |
| 4 | Borgwarner | 13.38 Bn | 10.93 Bn | 721.00 Mn | 7.98% |
| 5 | Allison Transmission Holdings | 10.41 Bn | 10.01 Bn | 515.00 Mn | 11.56% |
| 6 | Oshkosh | 9.22 Bn | 8.82 Bn | 480.30 Mn | 6.26% |
| 7 | Federal Signal | 6.94 Bn | 6.88 Bn | 203.80 Mn | 12.85% |
| 8 | Terex | 6.82 Bn | 6.41 Bn | 444.00 Mn | 4.92% |
| 9 | Dana | 3.28 Bn | 2.95 Bn | 210.00 Mn | -0.25% |
| 10 | Phinia | 2.46 Bn | 2.09 Bn | 216.00 Mn | 4.26% |
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% |