What is the current annual gross margin of CMI?

As of today, CMI annual gross margin is 24.36%

What is 1-year change in CMI annual gross margin?

CMI annual gross margin is up +2.40% year-over-year

What is 3-year change in CMI annual gross margin?

CMI annual gross margin is up +3.13% over the past 3 years

How far is CMI annual gross margin from its all-time high?

CMI annual gross margin is currently -27.07% below its historical high of 33.40% set on December 1, 1984

How does CMI annual gross margin rank versus sector peers?

CMI annual gross margin is higher than 45.64% of companies in Industrials sector

When is CMI next annual earnings release?

The next annual earnings release for CMI is on February 3, 2026

What is the current quarterly gross margin of CMI?

As of today, CMI quarterly gross margin is 25.19%

What is CMI quarterly gross margin most recent change?

CMI quarterly gross margin was down -3.12% on September 30, 2025

What is 1-year change in CMI quarterly gross margin?

CMI quarterly gross margin is down -0.32% year-over-year

How far is CMI quarterly gross margin from its all-time high?

CMI quarterly gross margin is currently -10.89% below its historical high of 28.27% set on December 31, 1993

How does CMI quarterly gross margin rank versus sector peers?

CMI quarterly gross margin is higher than 47.28% of companies in Industrials sector

When is CMI next earnings release?

The next earnings release for CMI is on February 3, 2026

Cummins Inc. (CMI) Gross Margin History & Chart Since 1980

Annual Gross Margin

24.36%0.57%+2.40%

December 31, 2024

Summary

Current Value: As of today, CMI annual gross margin is 24.36%, up +2.40% on December 31, 2024
Historical Performance: CMI annual gross margin is up +3.13% over the past 3 years, and down -3.68% over the past 5 years
All-Time High Comparison: CMI annual gross margin is currently -27.07% below its historical high of 33.40% set on December 1, 1984
3-Year Low Comparison: CMI annual gross margin is +2.87% above its 3-year low of 23.68% reached on an earlier date
Sector Comparison: CMI annual gross margin is higher than 45.64% of companies in Industrials sector

Gross Margin Chart

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Performance

CMI Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	24.36%	+2.4%	+3.1%	-3.7%	+20.4%
Quarterly Gross Margin	Sep 30, 25	25.19%	-0.3%	+14.2%	-4.1%	+2.7%
Price	Jan 12, 26	$555.07	+56.4%	+121.9%	+129.3%	+396.4%
PE Ratio	Jan 12, 26	28.81	+128.7%	+74.1%	+42.8%	+36.1%
Annual Revenue	Dec 31, 24	$34.10B	+0.2%	+42.0%	+44.7%	+215.7%
Annual Gross Profit	Dec 31, 24	$8.31B	+2.6%	+46.4%	+39.4%	+280.2%
Annual Operating Margin	Dec 31, 24	-65.18%	+2.2%	+3.0%	-1.7%	+12.4%
Annual Net Margin	Dec 31, 24	11.93%	+383.0%	+32.4%	+24.0%	+166.3%

Gross Margin Highs

CMI Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	24.36%	Dec 31, 24	at high
5Y	24.59%	N/A	-0.9%
All	33.40%	Dec 1, 84	-27.1%

Gross Margin Lows

CMI Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	23.68%	N/A	+2.9%
5Y	23.62%	Dec 31, 21	+3.1%
All	17.47%	Dec 31, 90	+39.4%

Gross Margin History

Year	Value	Change
2024	24.36%	+2.4%
2023	23.79%	+0.5%
2022	23.68%	+0.3%
2021	23.62%	-3.9%
2020	24.59%	-2.8%
2019	25.29%	+5.2%
2018	24.05%	-3.5%
2017	24.91%	-2.3%
2016	25.49%	-1.0%
2015	25.75%	+2.2%
2014	25.20%	-0.4%
2013	25.30%	-3.5%
2012	26.21%	+3.5%
2011	25.33%	+6.5%
2010	23.79%	+17.6%
2009	20.23%	-0.9%
2008	20.41%	+4.2%
2007	19.59%	-14.2%
2006	22.84%	+3.6%
2005	22.04%	+11.0%
2004	19.85%	+11.6%
2003	17.79%	-0.2%
2002	17.82%	+1.9%

Year	Value	Change
2001	17.48%	-7.5%
2000	18.89%	-9.8%
1999	20.95%	-0.1%
1998	20.97%	-7.1%
1997	22.58%	+1.6%
1996	22.22%	-8.3%
1995	24.23%	-3.3%
1994	25.05%	+2.6%
1993	24.41%	+8.6%
1992	22.47%	+21.7%
1991	18.46%	+5.7%
1990	17.47%	-22.3%
1989	22.47%	-1.7%
1988	22.85%	-9.1%
1987	25.15%	-1.8%
1986	25.61%	-9.7%
1985	28.35%	-15.1%
1984	33.40%	+11.3%
1983	30.02%	+11.1%
1982	27.01%	-3.6%
1981	28.03%	+11.3%
1980	25.19%	-

FAQ

What is the current annual gross margin of CMI?
As of today, CMI annual gross margin is 24.36%
What is 1-year change in CMI annual gross margin?
CMI annual gross margin is up +2.40% year-over-year
What is 3-year change in CMI annual gross margin?
CMI annual gross margin is up +3.13% over the past 3 years
How far is CMI annual gross margin from its all-time high?
CMI annual gross margin is currently -27.07% below its historical high of 33.40% set on December 1, 1984
How does CMI annual gross margin rank versus sector peers?
CMI annual gross margin is higher than 45.64% of companies in Industrials sector
When is CMI next annual earnings release?
The next annual earnings release for CMI is on February 3, 2026

Quarterly Gross Margin

25.19%0.81%-3.12%

September 30, 2025

Summary

Current Value: As of today, CMI quarterly gross margin is 25.19%, down -3.12% on September 30, 2025
Historical Performance: CMI quarterly gross margin is down -0.32% year-over-year, and up +14.24% over the past 3 years
All-Time High Comparison: CMI quarterly gross margin is currently -10.89% below its historical high of 28.27% set on December 31, 1993
3-Year Low Comparison: CMI quarterly gross margin is +9.66% above its 3-year low of 22.97% reached on December 31, 2023
Sector Comparison: CMI quarterly gross margin is higher than 47.28% of companies in Industrials sector

Performance

CMI Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	25.19%	-3.1%	-0.3%	+14.2%	-4.1%
Annual Gross Margin	Dec 31, 24	24.36%	–	+2.4%	+3.1%	-3.7%
Price	Jan 12, 26	$555.07	+34.4%	+56.4%	+121.9%	+129.3%
PE Ratio	Jan 12, 26	28.81	+34.4%	+128.7%	+74.1%	+42.8%
Quarterly Revenue	Sep 30, 25	$8.32B	-3.8%	-1.6%	+13.4%	+62.5%
Quarterly Gross Profit	Sep 30, 25	$2.10B	-6.8%	-2.0%	+29.6%	+55.9%
Quarterly Operating Margin	Sep 30, 25	11.55%	-10.1%	+0.6%	+51.0%	+0.7%
Quarterly Net Margin	Sep 30, 25	6.72%	-37.4%	-32.6%	+20.4%	-31.8%

Quarterly Gross Margin Highs

CMI Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	26.00%	Jun 30, 25	-3.1%
3Y	26.00%	Jun 30, 25	-3.1%
5Y	26.07%	Jun 30, 22	-3.4%
All	28.27%	Dec 31, 93	-10.9%

Quarterly Gross Margin Lows

CMI Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	23.70%	N/A	+6.3%
3Y	22.97%	Dec 31, 23	+9.7%
5Y	22.05%	Sep 30, 22	+14.2%
All	15.55%	Dec 31, 00	+62.0%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	25.19%	-3.1%
Jun 2025	26.00%	+0.2%
Mar 2025	25.94%	+9.5%
Dec 2024	23.70%	-6.2%
Sep 2024	25.27%	+2.8%
Jun 2024	24.57%	+2.8%
Mar 2024	23.91%	+4.1%
Dec 2023	22.97%	-4.9%
Sep 2023	24.16%	-1.3%
Jun 2023	24.47%	+3.6%
Mar 2023	23.62%	+2.7%
Dec 2022	23.01%	+4.4%
Sep 2022	22.05%	-15.4%
Jun 2022	26.07%	+9.0%
Mar 2022	23.92%	+6.6%
Dec 2021	22.43%	-4.9%
Sep 2021	23.59%	-2.1%
Jun 2021	24.10%	-0.8%
Mar 2021	24.29%	+4.5%
Dec 2020	23.24%	-11.5%
Sep 2020	26.26%	+14.4%
Jun 2020	22.95%	-10.8%
Mar 2020	25.72%	+9.3%
Dec 2019	23.54%	-8.8%
Sep 2019	25.81%	-1.9%
Jun 2019	26.30%	+3.4%
Mar 2019	25.43%	+1.1%
Dec 2018	25.16%	-3.3%
Sep 2018	26.01%	+11.2%
Jun 2018	23.40%	+9.1%
Mar 2018	21.45%	-14.3%
Dec 2017	25.04%	-0.9%
Sep 2017	25.26%	+2.6%
Jun 2017	24.62%	0.0%
Mar 2017	24.62%	-1.5%
Dec 2016	24.99%	-3.6%
Sep 2016	25.93%	-2.0%
Jun 2016	26.46%	+7.7%
Mar 2016	24.56%	-2.9%
Dec 2015	25.29%	-2.6%
Sep 2015	25.96%	-1.9%
Jun 2015	26.46%	+4.8%
Mar 2015	25.25%	+1.4%
Dec 2014	24.91%	-4.7%
Sep 2014	26.14%	+3.4%
Jun 2014	25.29%	-0.1%
Mar 2014	25.32%	-0.1%
Dec 2013	25.34%	-2.7%
Sep 2013	26.03%	+2.2%
Jun 2013	25.47%	+4.9%
Mar 2013	24.27%	-4.0%
Dec 2012	25.29%	-0.0%
Sep 2012	25.30%	-7.4%
Jun 2012	27.31%	+1.2%
Mar 2012	26.98%	+6.4%
Dec 2011	25.35%	-0.6%
Sep 2011	25.51%	-0.6%
Jun 2011	25.66%	+4.0%
Mar 2011	24.67%	+4.1%
Dec 2010	23.70%	-3.3%
Sep 2010	24.52%	+5.1%
Jun 2010	23.33%	-2.3%
Mar 2010	23.88%	+5.2%
Dec 2009	22.69%	+14.6%
Sep 2009	19.80%	+5.5%
Jun 2009	18.77%	-0.5%
Mar 2009	18.86%	+19.0%
Dec 2008	15.85%	-28.6%
Sep 2008	22.20%	-1.8%
Jun 2008	22.61%	+11.1%
Mar 2008	20.35%	+4.9%
Dec 2007	19.40%	+0.3%
Sep 2007	19.34%	-3.5%

Month	Value	Change
Jun 2007	20.04%	+2.2%
Mar 2007	19.60%	-11.3%
Dec 2006	22.09%	-5.1%
Sep 2006	23.28%	-1.6%
Jun 2006	23.65%	+5.7%
Mar 2006	22.37%	-0.5%
Dec 2005	22.48%	-1.0%
Sep 2005	22.70%	+2.8%
Jun 2005	22.09%	+7.0%
Mar 2005	20.65%	+2.5%
Dec 2004	20.14%	+1.8%
Sep 2004	19.78%	-1.8%
Jun 2004	20.15%	+3.4%
Mar 2004	19.48%	+1.2%
Dec 2003	19.24%	+7.7%
Sep 2003	17.87%	-0.3%
Jun 2003	17.93%	+14.6%
Mar 2003	15.65%	-5.0%
Dec 2002	16.48%	-12.4%
Sep 2002	18.81%	+0.1%
Jun 2002	18.79%	+10.9%
Mar 2002	16.95%	-2.0%
Dec 2001	17.29%	-4.5%
Sep 2001	18.11%	-1.6%
Jun 2001	18.41%	+7.0%
Mar 2001	17.20%	+10.6%
Dec 2000	15.55%	-21.1%
Sep 2000	19.72%	-0.6%
Jun 2000	19.84%	-2.4%
Mar 2000	20.33%	+4.3%
Dec 1999	19.50%	-11.9%
Sep 1999	22.13%	-0.6%
Jun 1999	22.26%	+11.3%
Mar 1999	20.00%	+7.8%
Dec 1998	18.56%	-7.8%
Sep 1998	20.13%	-10.8%
Jun 1998	22.57%	-0.4%
Mar 1998	22.67%	-2.1%
Dec 1997	23.16%	+2.4%
Sep 1997	22.62%	-2.5%
Jun 1997	23.21%	+5.8%
Mar 1997	21.93%	-0.2%
Dec 1996	21.97%	+2.9%
Sep 1996	21.36%	-6.3%
Jun 1996	22.80%	-5.0%
Mar 1996	24.01%	+2.4%
Dec 1995	23.44%	+3.5%
Sep 1995	22.64%	-9.4%
Jun 1995	24.98%	-2.8%
Mar 1995	25.71%	+1.3%
Dec 1994	25.37%	-0.3%
Sep 1994	25.45%	+3.0%
Jun 1994	24.71%	+0.4%
Mar 1994	24.62%	-12.9%
Dec 1993	28.27%	+3.3%
Sep 1993	27.38%	+2.3%
Jun 1993	26.77%	-0.7%
Mar 1993	26.96%	+6.7%
Dec 1992	25.27%	-3.3%
Sep 1992	26.14%	+0.2%
Jun 1992	26.08%	+2.3%
Mar 1992	25.50%	+4.3%
Dec 1991	24.46%	+11.0%
Sep 1991	22.04%	+2.6%
Jun 1991	21.48%	+3.6%
Mar 1991	20.74%	+8.0%
Dec 1990	19.20%	+2.2%
Sep 1990	18.79%	-22.8%
Jun 1990	24.35%	+1.2%
Mar 1990	24.07%	-8.5%
Dec 1989	26.30%	+13.7%
Sep 1989	23.13%	-

FAQ

What is the current quarterly gross margin of CMI?
As of today, CMI quarterly gross margin is 25.19%
What is CMI quarterly gross margin most recent change?
CMI quarterly gross margin was down -3.12% on September 30, 2025
What is 1-year change in CMI quarterly gross margin?
CMI quarterly gross margin is down -0.32% year-over-year
How far is CMI quarterly gross margin from its all-time high?
CMI quarterly gross margin is currently -10.89% below its historical high of 28.27% set on December 31, 1993
How does CMI quarterly gross margin rank versus sector peers?
CMI quarterly gross margin is higher than 47.28% of companies in Industrials sector
When is CMI next earnings release?
The next earnings release for CMI is on February 3, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

CMI Official Website www.cummins.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/26172/000002617225000039/0000026172-25-000039-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/26172/000002617225000007/0000026172-25-000007-index.htm
CMI Profile on Yahoo Finance finance.yahoo.com/quote/CMI
CMI Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cmi