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Cummins (CMI) Tax Rate (2016 - 2025)

Cummins' Tax Rate history spans 17 years, with the latest figure at 21.62% for Q4 2025.

  • For Q4 2025, Tax Rate fell 1116.0% year-over-year to 21.62%; the TTM value through Dec 2025 reached 25.38%, up 835.0%, while the annual FY2025 figure was 25.38%, 835.0% up from the prior year.
  • Tax Rate reached 21.62% in Q4 2025 per CMI's latest filing, down from 32.65% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 32.78% in Q4 2024 to a low of 13.25% in Q4 2023.
  • Average Tax Rate over 5 years is 20.89%, with a median of 21.82% recorded in 2021.
  • Peak YoY movement for Tax Rate: tumbled -3048bps in 2023, then skyrocketed 4603bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 22.18% in 2021, then decreased by -22bps to 17.22% in 2022, then tumbled by -177bps to 13.25% in 2023, then skyrocketed by 347bps to 32.78% in 2024, then tumbled by -34bps to 21.62% in 2025.
  • Per Business Quant, the three most recent readings for CMI's Tax Rate are 21.62% (Q4 2025), 32.65% (Q3 2025), and 24.24% (Q2 2025).