Cummins (CMI) Tax Rate (2009 - 2026)
Cummins' (CMI) quarterly Tax Rate came in at 25.14% in Q2 2026, up 89.0% on a YoY basis from 13.3% in Q2 2025, and down 7.57% quarter-over-quarter from 27.19% in Q1 2026.
Powered by 
Analysis
Cummins (CMI) Tax Rate (2009 - 2026) Analysis & Trends
Cummins (CMI) has reported Tax Rate for 18 consecutive years, with 25.14% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 89.0% year-over-year to 25.14%; the trailing twelve-month figure through Jun 2026 stood at 26.53% (up 229.0% YoY), and the FY2025 full-year result was 25.38%, up 835.0% from the prior year.
- Tax Rate retreated to 25.14% in Q2 2026 per CMI's latest filing, from 27.19% in the prior quarter.
- Across five years, Tax Rate topped out at 32.78% in Q4 2024 and bottomed at 13.25% in Q4 2023.
- Historically, Tax Rate has averaged 21.37% across 5 years, with a median of 22.68% in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 3048 bps in 2023, then jumped 4603 bps in 2024.
- Over 5 years, Tax Rate stood at 17.22% in 2022, then plunged by 177 bps to 13.25% in 2023, then jumped by 347 bps to 32.78% in 2024, then sank by 34 bps to 21.62% in 2025, then gained by 16 bps to 25.14% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 25.14%, 27.19%, and 21.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.83 Bn | 365.11 Bn | 7.76 Bn | 23.15% |
| 2 | Cummins | 73.24 Bn | 69.63 Bn | 2.47 Bn | 25.14% |
| 3 | Paccar | 61.09 Bn | 52.42 Bn | 1.56 Bn | 23.38% |
| 4 | Borgwarner | 12.90 Bn | 10.63 Bn | 721.00 Mn | 21.77% |
| 5 | Allison Transmission Holdings | 9.67 Bn | 9.27 Bn | 515.00 Mn | 20.61% |
| 6 | Oshkosh | 9.07 Bn | 8.66 Bn | 480.30 Mn | 16.93% |
| 7 | Federal Signal | 6.95 Bn | 6.88 Bn | 203.80 Mn | 22.71% |
| 8 | Terex | 6.75 Bn | 6.34 Bn | 444.00 Mn | 20.86% |
| 9 | Dana | 3.21 Bn | 2.94 Bn | 210.00 Mn | 91.53% |
| 10 | Phinia | 2.25 Bn | 1.88 Bn | 216.00 Mn | 40.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.14% |
| Mar 31, 2026 | 27.19% |
| Dec 31, 2025 | 21.62% |
| Sep 30, 2025 | 32.65% |
| Jun 30, 2025 | 24.24% |
| Mar 31, 2025 | 23.90% |
| Dec 31, 2024 | 32.78% |
| Sep 30, 2024 | 19.18% |
| Jun 30, 2024 | 23.03% |
| Mar 31, 2024 | 8.69% |
| Dec 31, 2023 | -13.25% |
| Sep 30, 2023 | 21.41% |
| Jun 30, 2023 | 22.34% |
| Mar 31, 2023 | 21.67% |
| Dec 31, 2022 | 17.22% |
| Sep 30, 2022 | 32.73% |
| Jun 30, 2022 | 17.31% |
| Mar 31, 2022 | 26.82% |
| Dec 31, 2021 | 22.18% |
| Oct 3, 2021 | 19.85% |