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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Cummins (CMI) Operating Margin (2016 - 2025)

Cummins' Operating Margin history spans 17 years, with the latest figure at 9.52% for Q4 2025.

  • For Q4 2025, Operating Margin rose 86.0% year-over-year to 9.52%; the TTM value through Dec 2025 reached 11.95%, up 96.0%, while the annual FY2025 figure was 11.95%, 96.0% up from the prior year.
  • Operating Margin reached 9.52% in Q4 2025 per CMI's latest filing, down from 10.24% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 14.18% in Q2 2025 to a low of 14.19% in Q4 2023.
  • Average Operating Margin over 5 years is 9.97%, with a median of 11.21% recorded in 2021.
  • Peak YoY movement for Operating Margin: plummeted -2451bps in 2023, then soared 2285bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 8.46% in 2021, then rose by 22bps to 10.32% in 2022, then tumbled by -237bps to 14.19% in 2023, then skyrocketed by 161bps to 8.67% in 2024, then grew by 10bps to 9.52% in 2025.
  • Per Business Quant, the three most recent readings for CMI's Operating Margin are 9.52% (Q4 2025), 10.24% (Q3 2025), and 14.18% (Q2 2025).