TTM
7.9%
YoY change
+6.27pp
Trough year (1997)
-3.6%
Peak year (2020)
10.8%
Latest annual
7.1%
FCF Margin history chart for Cummins (CMI) from 1989 to 2025
Latest: 7.1%
FCF Margin change chart for Cummins (CMI) from 1989 to 2025
Latest: +6.27pp
FCF Margin history table for Cummins (CMI) from 1989 to 2025
| 2025 | 7.1% | +6.27pp | ||
| 2024 | 0.8% | -7.26pp | ||
| 2023 | 8.1% | +4.36pp | ||
| 2022 | 3.7% | -2.39pp | ||
| 2021 | 6.1% | -4.72pp | ||
| 2020 | 10.8% | +0.63pp | ||
| 2019 | 10.2% | +3.50pp | ||
| 2018 | 6.7% | -1.57pp | ||
| 2017 | 8.3% | +0.61pp | ||
| 2016 | 7.7% | +1.07pp | ||
| 2015 | 6.6% | -1.04pp | ||
| 2014 | 7.6% | -0.16pp | ||
| 2013 | 7.8% | +3.44pp | ||
| 2012 | 4.4% | -3.35pp | ||
| 2011 | 7.7% | +3.18pp | ||
| 2010 | 4.5% | -2.80pp | ||
| 2009 | 7.3% | +4.81pp | ||
| 2008 | 2.5% | -0.46pp | ||
| 2007 | 3.0% | -1.75pp | ||
| 2006 | 4.7% | -1.04pp | ||
| 2005 | 5.8% | +0.30pp | ||
| 2004 | 5.5% | +5.20pp | ||
| 2003 | 0.3% | -1.47pp | ||
| 2002 | 1.8% | +2.85pp | ||
| 2001 | -1.1% | -3.52pp | ||
| 2000 | 2.4% | +1.04pp | ||
| 1999 | 1.4% | +1.39pp | ||
| 1998 | 0.0% | +3.64pp | ||
| 1997 | -3.6% | -1.53pp | ||
| 1996 | -2.1% | -5.60pp | ||
| 1995 | 3.5% | +0.58pp | ||
| 1994 | 2.9% | +0.29pp | ||
| 1993 | 2.6% | +1.06pp | ||
| 1992 | 1.6% | +2.06pp | ||
| 1991 | -0.5% | +2.81pp | ||
| 1990 | -3.3% | -5.33pp | ||
| 1989 | 2.0% | — |
- 20257.1%+6.27pp
- 20240.8%-7.26pp
- 20238.1%+4.36pp
- 20223.7%-2.39pp
- 20216.1%-4.72pp
- 202010.8%+0.63pp
- 201910.2%+3.50pp
- 20186.7%-1.57pp
- 20178.3%+0.61pp
- 20167.7%+1.07pp
- 20156.6%-1.04pp
- 20147.6%-0.16pp
- 20137.8%+3.44pp
- 20124.4%-3.35pp
- 20117.7%+3.18pp
- 20104.5%-2.80pp
- 20097.3%+4.81pp
- 20082.5%-0.46pp
- 20073.0%-1.75pp
- 20064.7%-1.04pp
- 20055.8%+0.30pp
- 20045.5%+5.20pp
- 20030.3%-1.47pp
- 20021.8%+2.85pp
- 2001-1.1%-3.52pp
- 20002.4%+1.04pp
- 19991.4%+1.39pp
- 19980.0%+3.64pp
- 1997-3.6%-1.53pp
- 1996-2.1%-5.60pp
- 19953.5%+0.58pp
- 19942.9%+0.29pp
- 19932.6%+1.06pp
- 19921.6%+2.06pp
- 1991-0.5%+2.81pp
- 1990-3.3%-5.33pp
- 19892.0%—
FCF 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 FCF Margin at Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported free cash flow margin is 7.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Cummins (CMI) free cash flow margin is 7.09% – expanded 6.3 percentage points year-over-year.
2020 marks the peak free cash flow margin at 10.84%, with the historical low of -3.64% recorded in 1997.
Cummins FCF Margin by Year
Cummins FCF Margin 2025: 7.1%
2025's free cash flow margin for Cummins came in at 7.09%, expanded 6.3 percentage points from 2024.
Cummins FCF Margin 2024: 0.8%
Cummins posted free cash flow margin of 0.82% in 2024, contracted 7.3 percentage points from 2023.
Cummins FCF Margin 2023: 8.1%
In 2023, Cummins reported free cash flow margin of 8.08%, expanded 4.4 percentage points from 2022.
Cummins FCF Margin 2022: 3.7%
Cummins free cash flow margin in 2022 was 3.73%, contracted 2.4 percentage points from 2021.
Cummins FCF Margin 2021: 6.1%
Cummins free cash flow margin in 2021 was 6.12%.
See more financial history for Cummins (CMI).
Sector peers by FCF Margin
Industrials peers of Cummins (CMI), ranked by their latest free cash flow margin
| 23.1% | |
| 16.5% | |
| 16.2% | |
| 15.4% | |
| 11.4% | |
| 9.2% | |
| 0.8% | |
| -1.1% |
- 23.1%
- 16.2%
- 15.4%
- 9.2%
- -1.1%
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