SuperworthCummins profit margin CMI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 7.8%
- Operating margin, 12 months
- 11.2%
- Net margin on a year earlier
- −0.9 pts
- Peer median
- 13.3%
Over the twelve months to Jun 30, 2026, Cummins kept 7.8% of its revenue as net profit, with an operating margin of 11.2% and a gross margin of 25.3%.
Five years earlier its net margin was 9.5%.
The median for 10 industrial machinery stocks of a similar size is 13.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.4% | 12.0% | 25.3% |
| FY2024 | 11.6% | 11.0% | 24.7% |
| FY2023 | 2.2% | 5.2% | 24.2% |
| FY2022 | 7.7% | 10.4% | 23.9% |
| FY2021 | 8.9% | 11.3% | 23.7% |
| FY2020 | 9.0% | 11.5% | 24.7% |
| FY2019 | 9.6% | 11.5% | 25.4% |
| FY2018 | 9.0% | 11.7% | 24.1% |
| FY2017 | 4.9% | 11.4% | 25.0% |
| FY2016 | 8.0% | 11.0% | 25.4% |
| FY2015 | 7.3% | 10.8% | 25.9% |
| FY2014 | 8.6% | 12.3% | 25.3% |
| FY2013 | 8.6% | 12.1% | 25.2% |
| FY2012 | 9.5% | 13.0% | 26.0% |
| FY2011 | 10.2% | 14.9% | 25.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 7.8% | −0.9 pts | 11.2% | |
| Q1 FY26 | 7.9% | −0.3 pts | 11.3% | |
| Q4 FY25 | 8.4% | −3.1 pts | 12.0% | |
| Q3 FY25 | 7.9% | +1.8 pts | 11.7% | |
| Q2 FY25 | 8.7% | +3.0 pts | 12.3% | |
| Q1 FY25 | 8.2% | +2.5 pts | 11.7% | |
| Q4 FY24 | 11.6% | +9.4 pts | 11.0% | |
| Q3 FY24 | 6.1% | −2.3 pts | 5.3% | |
| Q2 FY24 | 5.7% | −2.2 pts | 5.0% | |
| Q1 FY24 | 5.7% | −2.7 pts | 4.9% | |
| Q4 FY23 | 2.2% | −5.5 pts | 5.2% | |
| Q3 FY23 | 8.4% | +1.1 pts | 11.3% |
Against its peers
Companies in Industrial - Machinery nearest Cummins' size, closest first, today.
| Company | Profit margin |
|---|---|
| CMICummins | 7.8% |
| ITWIllinois Tool Works | 19.4% |
| PCARPACCAR | 9.0% |
| EMREmerson Electric | 13.8% |
| TTTrane Technologies | 13.3% |
| ROKRockwell Automation | 13.4% |
| CARRCarrier Global | 5.5% |
| PHParker-Hannifin | 17.0% |
| OTISOtis Worldwide | 10.2% |
| IRIngersoll Rand | 12.1% |
| DOVDover | 13.5% |
| Peer median | 13.3% |
Where Cummins ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Cummins
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.