TTM
14.2%
YoY change
−2.56pp
Trough year (1990)
3.4%
Peak year (2024)
18.6%
Latest annual
16.0%
EBITDA Margin history chart for Cummins (CMI) from 1985 to 2025
Latest: 16.0%
EBITDA Margin change chart for Cummins (CMI) from 1985 to 2025
Latest: −2.56pp
EBITDA Margin history table for Cummins (CMI) from 1985 to 2025
| 2025 | 16.0% | -2.56pp | ||
| 2024 | 18.6% | +9.71pp | ||
| 2023 | 8.9% | -4.66pp | ||
| 2022 | 13.5% | -1.13pp | ||
| 2021 | 14.7% | -1.03pp | ||
| 2020 | 15.7% | +0.37pp | ||
| 2019 | 15.3% | +0.71pp | ||
| 2018 | 14.6% | -0.20pp | ||
| 2017 | 14.8% | +0.38pp | ||
| 2016 | 14.4% | +0.82pp | ||
| 2015 | 13.6% | -1.74pp | ||
| 2014 | 15.4% | +0.53pp | ||
| 2013 | 14.8% | -0.53pp | ||
| 2012 | 15.4% | -1.48pp | ||
| 2011 | 16.8% | +1.90pp | ||
| 2010 | 14.9% | +5.68pp | ||
| 2009 | 9.3% | -1.43pp | ||
| 2008 | 10.7% | -0.40pp | ||
| 2007 | 11.1% | -1.46pp | ||
| 2006 | 12.6% | +1.90pp | ||
| 2005 | 10.7% | +2.48pp | ||
| 2004 | 8.2% | +3.27pp | ||
| 2003 | 4.9% | -0.61pp | ||
| 2002 | 5.5% | +0.26pp | ||
| 2001 | 5.3% | -2.13pp | ||
| 2000 | 7.4% | -2.02pp | ||
| 1999 | 9.4% | +1.47pp | ||
| 1998 | 7.9% | +0.23pp | ||
| 1997 | 7.7% | +0.92pp | ||
| 1996 | 6.8% | -1.96pp | ||
| 1995 | 8.8% | -0.44pp | ||
| 1994 | 9.2% | +0.40pp | ||
| 1993 | 8.8% | +2.04pp | ||
| 1992 | 6.7% | +2.73pp | ||
| 1991 | 4.0% | +0.65pp | ||
| 1990 | 3.4% | -2.06pp | ||
| 1989 | 5.4% | -0.39pp | ||
| 1988 | 5.8% | -1.36pp | ||
| 1987 | 7.2% | +2.34pp | ||
| 1986 | 4.8% | -4.02pp | ||
| 1985 | 8.8% | — |
- 202516.0%-2.56pp
- 202418.6%+9.71pp
- 20238.9%-4.66pp
- 202213.5%-1.13pp
- 202114.7%-1.03pp
- 202015.7%+0.37pp
- 201915.3%+0.71pp
- 201814.6%-0.20pp
- 201714.8%+0.38pp
- 201614.4%+0.82pp
- 201513.6%-1.74pp
- 201415.4%+0.53pp
- 201314.8%-0.53pp
- 201215.4%-1.48pp
- 201116.8%+1.90pp
- 201014.9%+5.68pp
- 20099.3%-1.43pp
- 200810.7%-0.40pp
- 200711.1%-1.46pp
- 200612.6%+1.90pp
- 200510.7%+2.48pp
- 20048.2%+3.27pp
- 20034.9%-0.61pp
- 20025.5%+0.26pp
- 20015.3%-2.13pp
- 20007.4%-2.02pp
- 19999.4%+1.47pp
- 19987.9%+0.23pp
- 19977.7%+0.92pp
- 19966.8%-1.96pp
- 19958.8%-0.44pp
- 19949.2%+0.40pp
- 19938.8%+2.04pp
- 19926.7%+2.73pp
- 19914.0%+0.65pp
- 19903.4%-2.06pp
- 19895.4%-0.39pp
- 19885.8%-1.36pp
- 19877.2%+2.34pp
- 19864.8%-4.02pp
- 19858.8%—
EBITDA Margin values are taken from Cummins's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported EBITDA margin is 14.2%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Cummins (CMI) most recent annual EBITDA margin stands at 16.03% (2025) – contracted 2.6 percentage points year-over-year.
The record annual EBITDA margin stands at 18.59%, reached in 2024; the historical low of 3.36% was recorded in 1990.
Cummins EBITDA Margin by Year
Cummins EBITDA Margin 2025: 16.0%
2025's EBITDA margin for Cummins came in at 16.03%, contracted 2.6 percentage points from 2024.
Cummins EBITDA Margin 2024: 18.6%
Cummins posted EBITDA margin of 18.59% in 2024, expanded 9.7 percentage points from 2023. This figure represents the highest annual value in the available history.
Cummins EBITDA Margin 2023: 8.9%
In 2023, Cummins reported EBITDA margin of 8.88%, contracted 4.7 percentage points from 2022.
Cummins EBITDA Margin 2022: 13.5%
Cummins EBITDA margin in 2022 was 13.54%, contracted 1.1 percentage points from 2021.
Cummins EBITDA Margin 2021: 14.7%
Cummins EBITDA margin in 2021 was 14.67%.
See more financial history for Cummins (CMI).
Sector peers by EBITDA Margin
Industrials peers of Cummins (CMI), ranked by their latest EBITDA margin
| 52.5% | |
| 22.8% | |
| 22.5% | |
| 21.6% | |
| 20.7% | |
| 17.8% | |
| 17.1% | |
| 7.9% |
- 52.5%
- 22.8%
- 22.5%
- 21.6%
- 17.1%
- 7.9%
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