Cummins annual gross margin
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Cummins Gross Margin Growth & History (CMI)
Cummins's gross margin was 25.29% for fiscal 2025.
View full Cummins company overviewCummins annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 25.29% | +0.55 pp |
| 2024 | 2024-12-31 | 24.75% | +0.53 pp |
| 2023 | 2023-12-31 | 24.22% | +0.28 pp |
| 2022 | 2022-12-31 | 23.93% | +0.22 pp |
| 2021 | 2021-12-31 | 23.71% | −1.00 pp |
| 2020 | 2020-12-31 | 24.70% | −0.67 pp |
| 2019 | 2019-12-31 | 25.37% | +1.24 pp |
| 2018 | 2018-12-31 | 24.13% | −0.83 pp |
| 2017 | 2017-12-31 | 24.97% | −0.50 pp |
| 2016 | 2016-12-31 | 25.46% | −0.43 pp |
| 2015 | 2015-12-31 | 25.89% | +0.60 pp |
| 2014 | 2014-12-31 | 25.29% | +0.55 pp |
| 2013 | 2013-12-31 | 24.74% | −0.74 pp |
| 2012 | 2012-12-31 | 25.48% | +0.05 pp |
| 2011 | 2011-12-31 | 25.43% | +1.47 pp |
| 2010 | 2010-12-31 | 23.95% | +3.87 pp |
| 2009 | 2009-12-31 | 20.08% | −0.42 pp |
| 2008 | 2008-12-31 | 20.50% | +0.91 pp |
| 2007 | 2007-12-31 | 19.59% | — |
Cummins quarterly gross margin
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Q2.18
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Q1.19
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Q2.20
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Q2.21
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Q4.21
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Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 26.07% | −0.33 pp |
| Q1 2026 | 2026-03-31 | 26.71% | +0.34 pp |
| Q4 2025 | 2025-12-31 | 22.86% | −1.22 pp |
| Q3 2025 | 2025-09-30 | 25.60% | −0.08 pp |
| Q2 2025 | 2025-06-30 | 26.39% | +1.46 pp |
| Q1 2025 | 2025-03-31 | 26.36% | +2.08 pp |
| Q4 2024 | 2024-12-31 | 24.08% | +0.66 pp |
| Q3 2024 | 2024-09-30 | 25.67% | +1.11 pp |
| Q2 2024 | 2024-06-30 | 24.93% | +0.06 pp |
| Q1 2024 | 2024-03-31 | 24.29% | +0.29 pp |
| Q4 2023 | 2023-12-31 | 23.42% | +0.01 pp |
| Q3 2023 | 2023-09-30 | 24.56% | +2.17 pp |
| Q2 2023 | 2023-06-30 | 24.87% | −1.34 pp |
| Q1 2023 | 2023-03-31 | 24.00% | +0.01 pp |
| Q4 2022 | 2022-12-31 | 23.41% | +0.90 pp |
| Q3 2022 | 2022-09-30 | 22.39% | −1.30 pp |
| Q2 2022 | 2022-06-30 | 26.21% | +2.02 pp |
| Q1 2022 | 2022-03-31 | 23.99% | −0.40 pp |
| Q4 2021 | 2021-12-31 | 22.51% | −0.83 pp |
| Q3 2021 | 2021-10-03 | 23.69% | −2.66 pp |
| Q2 2021 | 2021-07-04 | 24.19% | +1.08 pp |
| Q1 2021 | 2021-04-04 | 24.39% | −1.43 pp |
| Q4 2020 | 2020-12-31 | 23.34% | −0.19 pp |
| Q3 2020 | 2020-09-27 | 26.36% | +0.46 pp |
| Q2 2020 | 2020-06-28 | 23.10% | −3.27 pp |
| Q1 2020 | 2020-03-29 | 25.82% | +0.31 pp |
| Q4 2019 | 2019-12-31 | 23.54% | −1.70 pp |
| Q3 2019 | 2019-09-29 | 25.90% | −0.20 pp |
| Q2 2019 | 2019-06-30 | 26.38% | +2.90 pp |
| Q1 2019 | 2019-03-31 | 25.52% | +3.97 pp |
| Q4 2018 | 2018-12-31 | 25.24% | +0.11 pp |
| Q3 2018 | 2018-09-30 | 26.10% | +0.72 pp |
| Q2 2018 | 2018-07-01 | 23.48% | −1.15 pp |
| Q1 2018 | 2018-04-01 | 21.54% | −3.12 pp |
| Q4 2017 | 2017-12-31 | 25.13% | +0.12 pp |
| Q3 2017 | 2017-10-01 | 25.37% | −0.40 pp |
| Q2 2017 | 2017-07-02 | 24.64% | −1.80 pp |
| Q1 2017 | 2017-04-02 | 24.67% | +0.06 pp |
| Q4 2016 | 2016-12-31 | 25.01% | −0.42 pp |
| Q3 2016 | 2016-10-02 | 25.77% | −0.38 pp |
| Q2 2016 | 2016-07-03 | 26.44% | −0.12 pp |
| Q1 2016 | 2016-04-03 | 24.61% | −0.77 pp |
| Q4 2015 | 2015-12-31 | 25.43% | +0.42 pp |
| Q3 2015 | 2015-09-27 | 26.15% | −0.11 pp |
| Q2 2015 | 2015-06-28 | 26.56% | +1.64 pp |
| Q1 2015 | 2015-03-29 | 25.38% | +0.43 pp |
| Q4 2014 | 2014-12-31 | 25.01% | +1.27 pp |
| Q3 2014 | 2014-09-28 | 26.26% | +0.92 pp |
| Q2 2014 | 2014-06-29 | 24.92% | −0.56 pp |
| Q1 2014 | 2014-03-30 | 24.94% | +0.54 pp |
| Q4 2013 | 2013-12-31 | 23.74% | +1.23 pp |
| Q3 2013 | 2013-09-29 | 25.34% | +0.04 pp |
| Q2 2013 | 2013-06-30 | 25.48% | −1.70 pp |
| Q1 2013 | 2013-03-31 | 24.40% | −2.39 pp |
| Q4 2012 | 2012-12-31 | 22.51% | −2.71 pp |
| Q3 2012 | 2012-09-30 | 25.30% | −0.38 pp |
| Q2 2012 | 2012-07-01 | 27.18% | +1.26 pp |
| Q1 2012 | 2012-04-01 | 26.79% | +2.00 pp |
| Q4 2011 | 2011-12-31 | 25.22% | +1.44 pp |
| Q3 2011 | 2011-09-25 | 25.68% | +1.28 pp |
| Q2 2011 | 2011-06-26 | 25.92% | +2.45 pp |
| Q1 2011 | 2011-03-27 | 24.79% | +0.54 pp |
| Q4 2010 | 2010-12-31 | 23.77% | +1.04 pp |
| Q3 2010 | 2010-09-26 | 24.40% | +4.52 pp |
| Q2 2010 | 2010-06-27 | 23.47% | +5.04 pp |
| Q1 2010 | 2010-03-28 | 24.25% | +6.01 pp |
| Q4 2009 | 2009-12-31 | 22.74% | +0.53 pp |
| Q3 2009 | 2009-09-27 | 19.88% | −2.73 pp |
| Q2 2009 | 2009-06-28 | 18.43% | — |
| Q1 2009 | 2009-03-29 | 18.25% | — |
| Q3 2008 | 2008-09-28 | 22.20% | — |
| Q2 2008 | 2008-06-29 | 22.61% | — |
Cummins gross margin trends
Over the last five reported fiscal years, Cummins's gross margin increased from 24.70% to 25.29%, a change of +0.59 percentage points. The latest reported quarter, Q2 2026, shows 26.07%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cummins filings at SEC.gov ↗