TTM
11.2%
YoY change
+0.48pp
Trough year (2001)
-1.0%
Peak year (2011)
14.9%
Latest annual
11.5%
Operating Margin history chart for Cummins (CMI) from 1985 to 2025
Latest: 11.5%
Operating Margin change chart for Cummins (CMI) from 1985 to 2025
Latest: +0.48pp
Operating Margin history table for Cummins (CMI) from 1985 to 2025
| 2025 | 11.5% | +0.48pp | ||
| 2024 | 11.0% | +5.83pp | ||
| 2023 | 5.2% | -5.26pp | ||
| 2022 | 10.4% | -0.83pp | ||
| 2021 | 11.3% | -0.19pp | ||
| 2020 | 11.5% | -0.00pp | ||
| 2019 | 11.5% | -0.27pp | ||
| 2018 | 11.7% | +0.29pp | ||
| 2017 | 11.4% | +0.69pp | ||
| 2016 | 10.7% | -0.03pp | ||
| 2015 | 10.8% | -1.54pp | ||
| 2014 | 12.3% | +0.16pp | ||
| 2013 | 12.1% | -0.86pp | ||
| 2012 | 13.0% | -1.85pp | ||
| 2011 | 14.9% | +2.74pp | ||
| 2010 | 12.1% | +5.80pp | ||
| 2009 | 6.3% | -2.55pp | ||
| 2008 | 8.9% | -0.01pp | ||
| 2007 | 8.9% | -1.08pp | ||
| 2006 | 10.0% | +2.26pp | ||
| 2005 | 7.7% | +2.67pp | ||
| 2004 | 5.0% | +3.55pp | ||
| 2003 | 1.5% | -0.50pp | ||
| 2002 | 2.0% | +2.93pp | ||
| 2001 | -1.0% | -2.38pp | ||
| 2000 | 1.4% | -3.58pp | ||
| 1999 | 5.0% | +3.69pp | ||
| 1998 | 1.3% | -3.60pp | ||
| 1997 | 4.9% | +0.95pp | ||
| 1996 | 4.0% | +0.18pp | ||
| 1995 | 3.8% | -2.72pp | ||
| 1994 | 6.5% | +0.65pp | ||
| 1993 | 5.8% | +2.36pp | ||
| 1992 | 3.5% | +3.20pp | ||
| 1991 | 0.3% | +1.06pp | ||
| 1990 | -0.8% | -2.35pp | ||
| 1989 | 1.6% | -0.25pp | ||
| 1988 | 1.8% | -1.03pp | ||
| 1987 | 2.9% | +2.65pp | ||
| 1986 | 0.2% | -4.95pp | ||
| 1985 | 5.2% | — |
- 202511.5%+0.48pp
- 202411.0%+5.83pp
- 20235.2%-5.26pp
- 202210.4%-0.83pp
- 202111.3%-0.19pp
- 202011.5%-0.00pp
- 201911.5%-0.27pp
- 201811.7%+0.29pp
- 201711.4%+0.69pp
- 201610.7%-0.03pp
- 201510.8%-1.54pp
- 201412.3%+0.16pp
- 201312.1%-0.86pp
- 201213.0%-1.85pp
- 201114.9%+2.74pp
- 201012.1%+5.80pp
- 20096.3%-2.55pp
- 20088.9%-0.01pp
- 20078.9%-1.08pp
- 200610.0%+2.26pp
- 20057.7%+2.67pp
- 20045.0%+3.55pp
- 20031.5%-0.50pp
- 20022.0%+2.93pp
- 2001-1.0%-2.38pp
- 20001.4%-3.58pp
- 19995.0%+3.69pp
- 19981.3%-3.60pp
- 19974.9%+0.95pp
- 19964.0%+0.18pp
- 19953.8%-2.72pp
- 19946.5%+0.65pp
- 19935.8%+2.36pp
- 19923.5%+3.20pp
- 19910.3%+1.06pp
- 1990-0.8%-2.35pp
- 19891.6%-0.25pp
- 19881.8%-1.03pp
- 19872.9%+2.65pp
- 19860.2%-4.95pp
- 19855.2%—
Operating 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 Operating Margin at Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported operating margin is 11.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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) operating margin is 11.48% – expanded 0.5 percentage points year-over-year.
The highest annual operating margin of 14.85% was reported in 2011. The lowest in the available history was -0.95% in 2001.
Cummins Operating Margin by Year
Cummins Operating Margin 2025: 11.5%
2025's operating margin for Cummins came in at 11.48%, expanded 0.5 percentage points from 2024.
Cummins Operating Margin 2024: 11.0%
Cummins posted operating margin of 11.00% in 2024, expanded 5.8 percentage points from 2023.
Cummins Operating Margin 2023: 5.2%
In 2023, Cummins reported operating margin of 5.17%, contracted 5.3 percentage points from 2022.
Cummins Operating Margin 2022: 10.4%
Cummins operating margin in 2022 was 10.43%, contracted 0.8 percentage points from 2021.
Cummins Operating Margin 2021: 11.3%
Cummins operating margin in 2021 was 11.27%.
See more financial history for Cummins (CMI).
Sector peers by Operating Margin
Industrials peers of Cummins (CMI), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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