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Cummins Inc.

CMI Industrials Specialty Industrial Machinery

Cummins Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.7 billion, down 1.27% from fiscal 2024. In the quarter to June 2026, revenue grew 9.42%, EPS grew 4.64%, free cash flow grew 125.6% and total debt fell 7.19%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

531.33 1.40 −0.26%
Market cap
$73.3B
P/E
27.0×
Fwd P/E
23.2×
Dividend yield
1.54%
F-score
6/9
Altman Z
4.62
Beneish M
−2.48
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Cummins Inc. (CMI) Net margin

Alert me on Net margin

Cummins Inc.'s net margin over the twelve months to 30 June 2026 was 7.82%, down 0.6 percentage points from fiscal 2025 (8.44%). Over the past ten years it has ranged from 2.16% (fiscal 2023) to 11.6% (fiscal 2024); the current reading is higher than 55% of that period. That is in line with the Specialty Industrial Machinery industry median of 7.80% and above the Industrials sector median of 2.22%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 8.44% (3.13)
FY2024 11.6% 9.41
FY2023 2.16% (5.50)
FY2022 7.66% (1.21)
FY2021 8.87% (0.16)
FY2020 9.03% (0.56)
FY2019 9.59% 0.58
FY2018 9.01% 4.12
FY2017 4.89% (3.07)
FY2016 7.96% 0.64

Quarterly newest first

Period Net margin Change (points)
Jun 2026 9.86% 2.07
Mar 2026 7.79% 0.84
Dec 2025 6.95% 0.51
Sep 2025 6.44% (3.86)
42 more quarters

Against its own ten years

Low 2.16% High 11.6%
Ten-year median 8.44%
Current reading's percentile 33

Net margin against peers

Company Net margin
AME AMETEK, Inc. compare 20.0%
ITW Illinois Tool Works Inc. compare 19.4%
PH Parker-Hannifin Corporation compare 17.0%
EMR Emerson Electric Co. compare 13.8%
ROK Rockwell Automation, Inc. compare 13.4%
ETN Eaton Corporation, PLC compare 12.8%
IR Ingersoll Rand Inc. compare 12.1%
OTIS Otis Worldwide Corporation compare 10.2%
CMI Cummins Inc. 7.82%
Specialty Industrial Machinery industry median 7.80%
Industrials sector median 2.22%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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