stockrowCummins 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.
- Revenue
- +13.5%
- EPS
- +113.7%
- Free cash flow
- +9.43%
- Total debt
- −2.27%
Quarter to September 2026, against a year earlier
Follow CMI
Alert me
Cummins Inc. (CMI) Operating margin
Cummins Inc.'s operating margin over the twelve months to 30 September 2026 was 12.5%, up 0.6 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 above the Specialty Industrial Machinery industry median of 10.0% and above the Industrials sector median of 5.21%.
Operating margin, annual
Embed this chart
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) |
|---|---|---|
| Sep 2026 | 15.3% | 1.78 |
| Jun 2026 | 13.5% | 2.22 |
| Mar 2026 | 11.3% | 1.78 |
| Dec 2025 | 9.52% | (0.72) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| ITW Illinois Tool Works Inc. compare | 26.6% |
| AME AMETEK, Inc. compare | 26.1% |
| EMR Emerson Electric Co. compare | 25.5% |
| IR Ingersoll Rand Inc. compare | 22.9% |
| ETN Eaton Corporation, PLC compare | 17.3% |
| ROK Rockwell Automation, Inc. compare | 16.2% |
| OTIS Otis Worldwide Corporation compare | 15.4% |
| CMI Cummins Inc. | 12.5% |
| PH Parker-Hannifin Corporation compare | 0.00% |
| Specialty Industrial Machinery industry median | 10.0% |
| Industrials sector median | 5.21% |
| 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
More on CMI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement