TTM
25.4%
YoY change
+0.55pp
Trough year (2001)
17.8%
Peak year (1985)
32.0%
Latest annual
25.3%
Gross Margin history chart for Cummins (CMI) from 1985 to 2025
Latest: 25.3%
Gross Margin change chart for Cummins (CMI) from 1985 to 2025
Latest: +0.55pp
Gross Margin history table for Cummins (CMI) from 1985 to 2025
| 2025 | 25.3% | +0.55pp | ||
| 2024 | 24.7% | +0.53pp | ||
| 2023 | 24.2% | +0.28pp | ||
| 2022 | 23.9% | +0.22pp | ||
| 2021 | 23.7% | -1.00pp | ||
| 2020 | 24.7% | -0.67pp | ||
| 2019 | 25.4% | +1.24pp | ||
| 2018 | 24.1% | -0.83pp | ||
| 2017 | 25.0% | -0.50pp | ||
| 2016 | 25.5% | -0.43pp | ||
| 2015 | 25.9% | +0.60pp | ||
| 2014 | 25.3% | +0.55pp | ||
| 2013 | 24.7% | -0.74pp | ||
| 2012 | 25.5% | +0.05pp | ||
| 2011 | 25.4% | +1.47pp | ||
| 2010 | 24.0% | +3.87pp | ||
| 2009 | 20.1% | -0.42pp | ||
| 2008 | 20.5% | +0.91pp | ||
| 2007 | 19.6% | -3.25pp | ||
| 2006 | 22.8% | +0.80pp | ||
| 2005 | 22.0% | +2.13pp | ||
| 2004 | 19.9% | +2.07pp | ||
| 2003 | 17.8% | -0.02pp | ||
| 2002 | 17.9% | +0.02pp | ||
| 2001 | 17.8% | -1.37pp | ||
| 2000 | 19.2% | -2.15pp | ||
| 1999 | 21.4% | -0.04pp | ||
| 1998 | 21.4% | -1.35pp | ||
| 1997 | 22.8% | +0.21pp | ||
| 1996 | 22.5% | -1.69pp | ||
| 1995 | 24.2% | -0.81pp | ||
| 1994 | 25.0% | -2.31pp | ||
| 1993 | 27.4% | +1.62pp | ||
| 1992 | 25.7% | +3.54pp | ||
| 1991 | 22.2% | +0.59pp | ||
| 1990 | 21.6% | -4.71pp | ||
| 1989 | 26.3% | -0.51pp | ||
| 1988 | 26.8% | -2.63pp | ||
| 1987 | 29.5% | -0.77pp | ||
| 1986 | 30.2% | -1.81pp | ||
| 1985 | 32.0% | — |
- 202525.3%+0.55pp
- 202424.7%+0.53pp
- 202324.2%+0.28pp
- 202223.9%+0.22pp
- 202123.7%-1.00pp
- 202024.7%-0.67pp
- 201925.4%+1.24pp
- 201824.1%-0.83pp
- 201725.0%-0.50pp
- 201625.5%-0.43pp
- 201525.9%+0.60pp
- 201425.3%+0.55pp
- 201324.7%-0.74pp
- 201225.5%+0.05pp
- 201125.4%+1.47pp
- 201024.0%+3.87pp
- 200920.1%-0.42pp
- 200820.5%+0.91pp
- 200719.6%-3.25pp
- 200622.8%+0.80pp
- 200522.0%+2.13pp
- 200419.9%+2.07pp
- 200317.8%-0.02pp
- 200217.9%+0.02pp
- 200117.8%-1.37pp
- 200019.2%-2.15pp
- 199921.4%-0.04pp
- 199821.4%-1.35pp
- 199722.8%+0.21pp
- 199622.5%-1.69pp
- 199524.2%-0.81pp
- 199425.0%-2.31pp
- 199327.4%+1.62pp
- 199225.7%+3.54pp
- 199122.2%+0.59pp
- 199021.6%-4.71pp
- 198926.3%-0.51pp
- 198826.8%-2.63pp
- 198729.5%-0.77pp
- 198630.2%-1.81pp
- 198532.0%—
Gross 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 Gross Margin at Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported gross margin is 25.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
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 gross margin stands at 25.29% (2025) – expanded 0.5 percentage points year-over-year.
Across the available history, gross margin reached its high of 32.05% in 1985 and its low of 17.83% in 2001.
Cummins Gross Margin by Year
Cummins Gross Margin 2025: 25.3%
Cummins gross margin in 2025 was 25.29%, expanded 0.5 percentage points from 2024.
Cummins Gross Margin 2024: 24.7%
2024's gross margin for Cummins came in at 24.75%, expanded 0.5 percentage points from 2023.
Cummins Gross Margin 2023: 24.2%
Cummins posted gross margin of 24.22% in 2023, expanded 0.3 percentage points from 2022.
Cummins Gross Margin 2022: 23.9%
In 2022, Cummins reported gross margin of 23.93%, expanded 0.2 percentage points from 2021.
Cummins Gross Margin 2021: 23.7%
Cummins gross margin in 2021 was 23.71%.
See more financial history for Cummins (CMI).
Sector peers by Gross Margin
Industrials peers of Cummins (CMI), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Cummins (CMI) Key Financials
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