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Saturday 17 October 2026 Export CMI’s income statement to Excel — free account

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) Operating margin

Alert me on Operating margin

Cummins Inc.'s operating margin over the twelve months to 30 June 2026 was 11.2%, down 0.7 percentage points from fiscal 2025 (12.0%). Over the past ten years it has ranged from 5.17% (fiscal 2023) to 12.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Specialty Industrial Machinery industry median of 11.2% and above the Industrials sector median of 5.13%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 12.0% 0.95
FY2024 11.0% 5.83
FY2023 5.17% (5.26)
FY2022 10.4% (0.84)
FY2021 11.3% (0.18)
FY2020 11.5% 0.00
FY2019 11.5% (0.27)
FY2018 11.7% 0.29
FY2017 11.4% 0.69
FY2016 10.7% (0.02)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 13.5% 2.22
Mar 2026 11.3% 1.78
Dec 2025 9.52% (0.72)
Sep 2025 10.2% (3.94)
42 more quarters

Against its own ten years

Low 5.17% High 12.0%
Ten-year median 11.3%
Current reading's percentile 52

Operating margin against peers

Company Operating margin
ITW Illinois Tool Works Inc. compare 26.5%
AME AMETEK, Inc. compare 25.9%
EMR Emerson Electric Co. compare 25.1%
PH Parker-Hannifin Corporation compare 21.6%
IR Ingersoll Rand Inc. compare 18.1%
ETN Eaton Corporation, PLC compare 17.7%
ROK Rockwell Automation, Inc. compare 16.2%
OTIS Otis Worldwide Corporation compare 15.4%
CMI Cummins Inc. 11.2%
Specialty Industrial Machinery industry median 11.2%
Industrials sector median 5.13%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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