Cummins Inc. CMI
525.06
3.99
0.77%
as of 25 Sep
- Market cap
- $72.3B
- P/E
- 26.7×
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Cummins Inc. (CMI) 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 5.15%.
Operating margin, annual
Annual
| 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
| 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 | Free account |
Against its own ten years
Low 5.17%
High 12.0%
Ten-year median
11.3%
Current reading's percentile
100
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% |
| CMI Cummins Inc. | 11.2% |
| SYM Symbotic Inc. compare | −0.01% |
| Specialty Industrial Machinery industry median | 11.2% |
| Industrials sector median | 5.15% |
| 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
- 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
- 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
- The full statement