Cummins (CMI) Tax Rate (2009 - 2026)
Cummins' Tax Rate came in at 25.14% for Q2 2026, up 0.89 percentage points from 24.24% a year earlier but down 2.06 percentage points from the prior quarter.
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Analysis
Cummins (CMI) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cummins reported Tax Rate of 26.53%, up 2.29 percentage points year-over-year; for FY2025, it came in at 25.38%, up 8.35 percentage points from FY2024.
- Tax Rate carries a five-year change of +2.84 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 17.03% in FY2024 (-31.31 pp), 48.34% in FY2023 (+25.78 pp), 22.56% in FY2022 (+1.22 pp) and 21.34% in FY2021 (-1.20 pp).
- The five-year range for quarterly Tax Rate is -13.25% (Q4 2023) to 32.78% (Q4 2024).
- Year-over-year, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +8.34 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2024 (a gain of 46.03 percentage points), and the weakest in Q4 2023 (a drop of 30.48 percentage points).
- Business Quant data shows CMI's Tax Rate at 27.19% (Q1 2026), 21.62% (Q4 2025) and 32.65% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 334.06 Bn | 305.75 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 195.22 Bn | 189.80 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 170.77 Bn | 138.86 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 148.39 Bn | 145.58 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 119.49 Bn | 117.61 Bn | 2.25 Bn | 18.51% |
| 6 | Emerson Electric | 89.58 Bn | 82.32 Bn | 2.66 Bn | 21.62% |
| 7 | 3M | 88.93 Bn | 70.33 Bn | 2.68 Bn | 16.34% |
| 8 | Illinois Tool Works | 78.81 Bn | 75.37 Bn | 1.90 Bn | 24.54% |
| 9 | Vertiv Holdings | 78.25 Bn | 68.87 Bn | 1.23 Bn | 19.71% |
| 10 | Cummins | 73.91 Bn | 69.98 Bn | 2.47 Bn | 25.14% |
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% |
| 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% |
| Jul 4, 2021 | 21.44% |
API Access
Cummins Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();