Cummins Inc (CMI) stock
CMINYSEEngines & TurbinesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/3013% below fair value
$452.18−3.22 (-0.71%)
Close on Nov 13, 2026Market cap $62.25BP/E 18.9Yield 1.69%
Cummins operating margin
Operating margin is operating income as a percentage of revenue.
Cummins's operating margin for the twelve months ending Sep 30, 2026 was 12.5%. For fiscal 2025 it was 12.0%, against 11.0% the year before. The highest annual figure on record is 14.9% in fiscal 2011.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.0% | +1.0 |
| FY2024 | Dec 31, 2024 | 11.0% | +5.8 |
| FY2023 | Dec 31, 2023 | 5.2% | −5.3 |
| FY2022 | Dec 31, 2022 | 10.4% | −0.8 |
| FY2021 | Dec 31, 2021 | 11.3% | −0.2 |
| FY2020 | Dec 31, 2020 | 11.5% | −0.0 |
| FY2019 | Dec 31, 2019 | 11.5% | −0.3 |
| FY2018 | Dec 31, 2018 | 11.7% | +0.3 |
| FY2017 | Dec 31, 2017 | 11.4% | +0.7 |
| FY2016 | Dec 31, 2016 | 10.7% | −0.0 |
| FY2015 | Dec 31, 2015 | 10.8% | −1.5 |
| FY2014 | Dec 31, 2014 | 12.3% | +0.2 |
| FY2013 | Dec 31, 2013 | 12.1% | −0.9 |
| FY2012 | Dec 31, 2012 | 13.0% | −1.9 |
| FY2011 | Dec 31, 2011 | 14.9% | +2.7 |
| FY2010 | Dec 31, 2010 | 12.1% | +5.8 |
| FY2009 | Dec 31, 2009 | 6.3% | −2.6 |
| FY2008 | Dec 31, 2008 | 8.9% | −0.0 |
| FY2007 | Dec 31, 2007 | 8.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 15.3% | +5.1 |
| Q2 FY2026 | Jun 30, 2026 | 13.5% | −0.7 |
| Q1 FY2026 | Mar 31, 2026 | 11.3% | −2.6 |
| Q4 FY2025 | Dec 31, 2025 | 9.5% | +0.9 |
| Q3 FY2025 | Sep 30, 2025 | 10.2% | −2.2 |
| Q2 FY2025 | Jun 30, 2025 | 14.2% | +2.3 |
| Q1 FY2025 | Mar 31, 2025 | 13.9% | +2.9 |
| Q4 FY2024 | Dec 31, 2024 | 8.7% | +22.9 |
| Q3 FY2024 | Sep 30, 2024 | 12.4% | +1.1 |
| Q2 FY2024 | Jun 30, 2024 | 11.9% | +0.3 |
| Q1 FY2024 | Mar 31, 2024 | 11.0% | −1.2 |
| Q4 FY2023 | Dec 31, 2023 | -14.2% | −24.5 |
| Q3 FY2023 | Sep 30, 2023 | 11.3% | +2.7 |
| Q2 FY2023 | Jun 30, 2023 | 11.5% | −2.1 |
| Q1 FY2023 | Mar 31, 2023 | 12.1% | +2.7 |
| Q4 FY2022 | Dec 31, 2022 | 10.3% | +1.9 |
| Q3 FY2022 | Sep 30, 2022 | 8.5% | −2.6 |
| Q2 FY2022 | Jun 30, 2022 | 13.6% | +1.6 |
| Q1 FY2022 | Mar 31, 2022 | 9.5% | −3.8 |
| Q4 FY2021 | Dec 31, 2021 | 8.5% | −2.3 |
| Q3 FY2021 | Oct 3, 2021 | 11.2% | −1.9 |
| Q2 FY2021 | Jul 4, 2021 | 12.0% | +3.3 |
| Q1 FY2021 | Apr 4, 2021 | 13.3% | +0.6 |
| Q4 FY2020 | Dec 31, 2020 | 10.8% | +4.4 |
| Q3 FY2020 | Sep 27, 2020 | 13.1% | +1.0 |
| Q2 FY2020 | Jun 28, 2020 | 8.7% | −4.9 |
| Q1 FY2020 | Mar 29, 2020 | 12.7% | −0.7 |
| Q4 FY2019 | Dec 31, 2019 | 6.3% | −5.6 |
| Q3 FY2019 | Sep 29, 2019 | 12.1% | −1.4 |
| Q2 FY2019 | Jun 30, 2019 | 13.6% | +1.9 |
| Q1 FY2019 | Mar 31, 2019 | 13.3% | +3.8 |
| Q4 FY2018 | Dec 31, 2018 | 11.9% | +1.2 |
| Q3 FY2018 | Sep 30, 2018 | 13.5% | +1.7 |
| Q2 FY2018 | Jul 1, 2018 | 11.8% | +0.2 |
| Q1 FY2018 | Apr 1, 2018 | 9.5% | −2.3 |
| Q4 FY2017 | Dec 31, 2017 | 10.7% | +0.5 |
| Q3 FY2017 | Oct 1, 2017 | 11.8% | – |
| Q2 FY2017 | Jul 2, 2017 | 11.5% | – |
| Q1 FY2017 | Apr 2, 2017 | 11.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.2% | – |
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