Cummins (CMI) Operating Margin (2009 - 2026)

Cummins (CMI) has reported Operating Margin for 18 consecutive years, with 13.52% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin fell 66.0% year-over-year to 13.52%; the trailing twelve-month figure through Jun 2026 stood at 11.22% (down 107.0% YoY), and the FY2025 full-year result was 11.95%, up 96.0% from the prior year.
• Operating Margin climbed to 13.52% in Q2 2026 per CMI's latest filing, from 11.3% in the prior quarter.
• Across five years, Operating Margin topped out at 14.18% in Q2 2025 and bottomed at 14.19% in Q4 2023.
• Historically, Operating Margin has averaged 9.96% across 5 years, with a median of 11.28% in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 2451 bps in 2023, then soared 2285 bps in 2024.
• Over 5 years, Operating Margin stood at 10.32% in 2022, then plunged by 237 bps to 14.19% in 2023, then jumped by 161 bps to 8.67% in 2024, then gained by 10 bps to 9.52% in 2025, then surged by 42 bps to 13.52% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 13.52%, 11.3%, and 9.52% for Q2 2026, Q1 2026, and Q4 2025 respectively.