Cummins (CMI) Tax Rate (2009 - 2026)
Cummins' (CMI) quarterly Tax Rate came in at 27.19% in Q1 2026, up 329.0% YoY from 6.34% in Q1 2025, and up 25.8% on a QoQ basis from 21.62% in Q4 2025.
Cummins (CMI) Tax Rate (2009 - 2026) Analysis & Trends
Cummins (CMI) has 18 years of Tax Rate data on file, last reported at 27.19% in Q1 2026.
- Quarterly Tax Rate rose 329.0% year-over-year to 27.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.27% (up 234.0% YoY) and the FY2025 annual result came in at 25.38%, up 835.0% from the prior year.
- Tax Rate advanced to 27.19% in Q1 2026, from 21.62% 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.
- A 5-year average of 21.15% and a median of 22.34% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate sank 3048 bps — and 2024, when it soared 4603 bps.
- Tracing CMI's Tax Rate over 5 years: stood at 17.22% in 2022, then slumped by 177 bps to 13.25% in 2023, then surged by 347 bps to 32.78% in 2024, then tumbled by 34 bps to 21.62% in 2025, then rose by 26 bps to 27.19% in 2026.
- The last three Tax Rate figures came in at 27.19% (Q1 2026), 21.62% (Q4 2025), and 32.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 21.13% |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | 17.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.14% |
| Jun 30, 2026 | 25.14% |
| Jun 30, 2026 | 25.14% |
| Mar 31, 2026 | 27.19% |
| Mar 31, 2026 | 27.19% |
| Mar 31, 2026 | 27.19% |
| Dec 31, 2025 | 21.62% |
| Dec 31, 2025 | 21.62% |
| Dec 31, 2025 | 21.62% |
| Sep 30, 2025 | 32.65% |
| Sep 30, 2025 | 32.65% |
| Sep 30, 2025 | 32.65% |
| Jun 30, 2025 | 24.24% |
| Jun 30, 2025 | 24.24% |
| Jun 30, 2025 | 24.24% |
| Mar 31, 2025 | 23.90% |
| Mar 31, 2025 | 23.90% |
| Mar 31, 2025 | 23.90% |
| Dec 31, 2024 | 32.78% |
| Dec 31, 2024 | 32.78% |