Growth Metrics

Cummins (CMI) Tax Rate (2016 - 2026)

Cummins filings provide 18 years of Tax Rate readings, the most recent being 27.19% for Q1 2026.

  • On a quarterly basis, Tax Rate rose 329.0% to 27.19% in Q1 2026 year-over-year; TTM through Mar 2026 was 26.27%, a 234.0% increase, with the full-year FY2025 number at 25.38%, up 835.0% from a year prior.
  • Tax Rate hit 27.19% in Q1 2026 for Cummins, up 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.
  • Median Tax Rate over the past 5 years was 22.34% (2023), compared with a mean of 21.15%.
  • Biggest five-year swings in Tax Rate: crashed -3048bps in 2023 and later surged 4603bps in 2024.
  • Cummins' Tax Rate stood at 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, then increased by 26bps to 27.19% in 2026.
  • The last three reported values for Tax Rate were 27.19% (Q1 2026), 21.62% (Q4 2025), and 32.65% (Q3 2025) per Business Quant data.