What is the current annual operating margin of CMI?

As of today, CMI annual operating margin is 11.87%

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

CMI annual operating margin is up +13.37% year-over-year

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

CMI annual operating margin is up +24.16% over the past 3 years

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

CMI annual operating margin is currently -5.79% below its historical high of 12.60% set on December 1, 1984

How does CMI annual operating margin rank versus sector peers?

CMI annual operating margin is higher than 71.02% of companies in Industrials sector

When is CMI next annual earnings release?

As of today, the next annual earnings release for CMI has not been scheduled

What is the current quarterly operating margin of CMI?

As of today, CMI quarterly operating margin is 11.90%

What is CMI quarterly operating margin most recent change?

CMI quarterly operating margin was down -0.75% on June 30, 2026

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

CMI quarterly operating margin is down -10.26% year-over-year

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

CMI quarterly operating margin is currently -10.26% below its historical high of 13.26% set on June 30, 2025

How does CMI quarterly operating margin rank versus sector peers?

CMI quarterly operating margin is higher than 65.17% of companies in Industrials sector

When is CMI next earnings release?

The next earnings release for CMI is on November 5, 2026

Cummins Inc. (CMI) Operating Margin History & Chart

Annual Operating Margin

11.87%1.40%+13.37%

December 31, 2025

Summary

Current Value: As of today, CMI annual operating margin is 11.87%, up +13.37% on December 31, 2025
Historical Performance: CMI annual operating margin is up +24.16% over the past 3 years, up +27.77% over the past 5 years
All-Time High Comparison: CMI annual operating margin is currently -5.79% below its historical high of 12.60% set on December 1, 1984
3-Year Low Comparison: CMI annual operating margin is +24.16% above its 3-year low of 9.56% reached on an earlier date
Sector Comparison: CMI annual operating margin is higher than 71.02% of companies in Industrials sector

Operating Margin Chart

beforeafter

Performance

CMI Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	11.87%	+13.4%	+24.2%	+27.8%	+26.3%
Quarterly Operating Margin	Jun 30, 26	11.90%	-10.3%	+20.0%	+21.8%	-3.0%
Price	Aug 14, 26	$631.26	+55.9%	+166.3%	+165.6%	+568.2%
PE Ratio	Aug 14, 26	32.26	+69.4%	+142.9%	+102.0%	+160.6%
Annual Revenue	Dec 31, 25	$33.67B	-1.3%	+19.9%	+70.0%	+154.5%
Annual Operating Profit	Dec 31, 25	$4.00B	+11.9%	+48.9%	+117.0%	+221.1%
Annual Gross Margin	Dec 31, 25	25.29%	+3.8%	+6.8%	+2.9%	+6.3%
Annual Net Margin	Dec 31, 25	8.78%	-26.4%	+12.8%	-3.9%	+1.9%

Operating Margin Highs

CMI Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	11.87%	Dec 31, 25	at high
5Y	11.87%	Dec 31, 25	at high
All	12.60%	Dec 1, 84	-5.8%

Operating Margin Lows

CMI Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	9.56%	N/A	+24.2%
5Y	9.20%	Dec 31, 21	+29.0%
All	-0.78%	Dec 31, 90	+1621.8%

Operating Margin History

Year	Value	Change
2025	11.87%	+13.4%
2024	10.47%	+9.2%
2023	9.59%	+0.3%
2022	9.56%	+3.9%
2021	9.20%	-1.0%
2020	9.29%	-12.6%
2019	10.63%	+6.3%
2018	10.00%	+7.2%
2017	9.33%	-8.5%
2016	10.20%	-6.8%
2015	10.95%	+5.9%
2014	10.34%	+2.8%
2013	10.06%	-9.9%
2012	11.16%	-4.1%
2011	11.64%	+23.8%
2010	9.40%	+76.0%
2009	5.34%	-26.7%
2008	7.29%	+2.1%
2007	7.14%	-17.6%
2006	8.67%	+12.7%
2005	7.69%	+54.7%
2004	4.97%	+247.6%
2003	1.43%	-21.0%

Year	Value	Change
2002	1.81%	+69.2%
2001	1.07%	-68.8%
2000	3.43%	-41.9%
1999	5.90%	+23.7%
1998	4.77%	-2.9%
1997	4.91%	+24.0%
1996	3.96%	-34.2%
1995	6.02%	-7.2%
1994	6.49%	+11.1%
1993	5.84%	+67.8%
1992	3.48%	+1,142.9%
1991	0.28%	+135.9%
1990	-0.78%	-208.3%
1989	0.72%	-60.4%
1988	1.82%	-36.4%
1987	2.86%	+1,261.9%
1986	0.21%	-95.9%
1985	5.16%	-59.0%
1984	12.60%	+205.8%
1983	4.12%	+6,966.7%
1982	-0.06%	-101.0%
1981	6.04%	+196.1%
1980	2.04%	-

FAQ

What is the current annual operating margin of CMI?: As of today, CMI annual operating margin is 11.87%
What is 1-year change in CMI annual operating margin?: CMI annual operating margin is up +13.37% year-over-year
What is 3-year change in CMI annual operating margin?: CMI annual operating margin is up +24.16% over the past 3 years
How far is CMI annual operating margin from its all-time high?: CMI annual operating margin is currently -5.79% below its historical high of 12.60% set on December 1, 1984
How does CMI annual operating margin rank versus sector peers?: CMI annual operating margin is higher than 71.02% of companies in Industrials sector
When is CMI next annual earnings release?: As of today, the next annual earnings release for CMI has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

11.90%0.09%-0.75%

June 30, 2026

Summary

Current Value: As of today, CMI quarterly operating margin is 11.90%, down -0.75% on June 30, 2026
Historical Performance: CMI quarterly operating margin is down -10.26% year-over-year, up +19.96% over the past 3 years
All-Time High Comparison: CMI quarterly operating margin is currently -10.26% below its historical high of 13.26% set on June 30, 2025
3-Year Low Comparison: CMI quarterly operating margin is +46.37% above its 3-year low of 8.13% reached on December 31, 2023
Sector Comparison: CMI quarterly operating margin is higher than 65.17% of companies in Industrials sector

Performance

CMI Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 26	11.90%	-0.8%	-10.3%	+20.0%	+21.8%
Annual Operating Margin	Dec 31, 25	11.87%	–	+13.4%	+24.2%	+27.8%
Price	Aug 14, 26	$631.26	-11.9%	+55.9%	+166.3%	+165.6%
PE Ratio	Aug 14, 26	32.26	-13.3%	+69.4%	+142.9%	+102.0%
Quarterly Revenue	Jun 30, 26	$9.46B	+12.6%	+9.4%	+9.5%	+54.8%
Quarterly Operating Profit	Jun 30, 26	$1.13B	+8.2%	+1.3%	+31.3%	+88.4%
Quarterly Gross Margin	Jun 30, 26	26.07%	-0.9%	-1.3%	+6.5%	+8.2%
Quarterly Net Margin	Jun 30, 26	-	–	–	–	–

Quarterly Operating Margin Highs

CMI Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	13.26%	N/A	-10.3%
3Y	13.26%	Jun 30, 25	-10.3%
5Y	13.26%	Jun 30, 25	-10.3%
All	13.26%	Jun 30, 25	-10.3%

Quarterly Operating Margin Lows

CMI Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	9.55%	Dec 31, 25	+24.6%
3Y	8.13%	Dec 31, 23	+46.4%
5Y	6.75%	Dec 31, 21	+76.3%
All	-276.27%	Dec 31, 85	+104.3%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	11.90%	-0.8%
Mar 2026	11.99%	+25.5%
Dec 2025	9.55%	-17.3%
Sep 2025	11.55%	-12.9%
Jun 2025	13.26%	+7.2%
Mar 2025	12.37%	+23.7%
Dec 2024	10.00%	-12.9%
Sep 2024	11.48%	+5.8%
Jun 2024	10.85%	+13.9%
Mar 2024	9.53%	+17.2%
Dec 2023	8.13%	-17.4%
Sep 2023	9.84%	-0.8%
Jun 2023	9.92%	-6.2%
Mar 2023	10.58%	+15.3%
Dec 2022	9.18%	+20.0%
Sep 2022	7.65%	-36.7%
Jun 2022	12.09%	+25.7%
Mar 2022	9.62%	+42.5%
Dec 2021	6.75%	-29.5%
Sep 2021	9.57%	-2.0%
Jun 2021	9.77%	-7.8%
Mar 2021	10.60%	+17.9%
Dec 2020	8.99%	-21.6%
Sep 2020	11.47%	+96.4%
Jun 2020	5.84%	-42.1%
Mar 2020	10.08%	+37.1%
Dec 2019	7.35%	-34.5%
Sep 2019	11.22%	-7.7%
Jun 2019	12.15%	+4.7%
Mar 2019	11.61%	+8.7%
Dec 2018	10.68%	-11.0%
Sep 2018	12.00%	+22.1%
Jun 2018	9.83%	+34.1%
Mar 2018	7.33%	-22.8%
Dec 2017	9.50%	+0.8%
Sep 2017	9.42%	+1.9%
Jun 2017	9.24%	-0.2%
Mar 2017	9.26%	-7.3%
Dec 2016	9.99%	+0.1%
Sep 2016	9.98%	-13.0%
Jun 2016	11.47%	+23.7%
Mar 2016	9.27%	-15.0%
Dec 2015	10.90%	+6.8%
Sep 2015	10.21%	-17.9%
Jun 2015	12.44%	+22.8%
Mar 2015	10.13%	+0.7%
Dec 2014	10.06%	-10.6%
Sep 2014	11.25%	+7.2%
Jun 2014	10.49%	+10.3%
Mar 2014	9.51%	-9.2%
Dec 2013	10.47%	+0.7%
Sep 2013	10.40%	-4.1%
Jun 2013	10.85%	+30.6%
Mar 2013	8.31%	-21.1%
Dec 2012	10.53%	+8.7%
Sep 2012	9.69%	-20.2%
Jun 2012	12.15%	-1.1%
Mar 2012	12.29%	+5.8%
Dec 2011	11.62%	+2.2%
Sep 2011	11.37%	-7.3%
Jun 2011	12.27%	+9.1%
Mar 2011	11.25%	+7.3%
Dec 2010	10.48%	+0.4%
Sep 2010	10.44%	+12.1%
Jun 2010	9.31%	+40.6%
Mar 2010	6.62%	-28.6%
Dec 2009	9.27%	+125.0%
Sep 2009	4.12%	+11.1%
Jun 2009	3.71%	+22.8%
Mar 2009	3.02%	+27.4%
Dec 2008	2.37%	-72.6%
Sep 2008	8.64%	-17.1%
Jun 2008	10.42%	+43.1%
Mar 2008	7.28%	+11.3%
Dec 2007	6.54%	-4.1%
Sep 2007	6.82%	-19.2%
Jun 2007	8.44%	+25.8%

Month	Value	Change
Mar 2007	6.71%	-20.8%
Dec 2006	8.47%	-1.3%
Sep 2006	8.58%	-10.3%
Jun 2006	9.57%	+18.6%
Mar 2006	8.07%	-5.5%
Dec 2005	8.54%	+3.8%
Sep 2005	8.23%	+7.9%
Jun 2005	7.63%	+25.7%
Mar 2005	6.07%	+13.2%
Dec 2004	5.36%	+930.8%
Sep 2004	0.52%	-90.6%
Jun 2004	5.56%	+49.1%
Mar 2004	3.73%	+24.3%
Dec 2003	3.00%	+48.5%
Sep 2003	2.02%	+15.4%
Jun 2003	1.75%	+197.2%
Mar 2003	-1.80%	-210.4%
Dec 2002	1.63%	-58.6%
Sep 2002	3.94%	+74.3%
Jun 2002	2.26%	+288.3%
Mar 2002	-1.20%	-246.3%
Dec 2001	0.82%	-53.9%
Sep 2001	1.78%	-7.3%
Jun 2001	1.92%	+740.0%
Mar 2001	-0.30%	+55.9%
Dec 2000	-0.68%	-120.2%
Sep 2000	3.37%	-41.6%
Jun 2000	5.77%	+15.9%
Mar 2000	4.98%	-16.9%
Dec 1999	5.99%	-4.2%
Sep 1999	6.25%	-6.2%
Jun 1999	6.66%	+45.4%
Mar 1999	4.58%	+8.3%
Dec 1998	4.23%	+17.2%
Sep 1998	3.61%	-43.8%
Jun 1998	6.42%	+35.7%
Mar 1998	4.73%	-19.0%
Dec 1997	5.84%	+24.5%
Sep 1997	4.69%	-11.5%
Jun 1997	5.30%	+47.2%
Mar 1997	3.60%	+4.3%
Dec 1996	3.45%	+32.2%
Sep 1996	2.61%	-36.3%
Jun 1996	4.10%	-27.0%
Mar 1996	5.62%	+6.8%
Dec 1995	5.26%	+6.9%
Sep 1995	4.92%	-27.2%
Jun 1995	6.76%	-4.1%
Mar 1995	7.05%	+5.2%
Dec 1994	6.70%	+5.5%
Sep 1994	6.35%	-4.9%
Jun 1994	6.68%	+7.9%
Mar 1994	6.19%	-6.1%
Dec 1993	6.59%	+29.2%
Sep 1993	5.10%	-11.8%
Jun 1993	5.78%	-0.3%
Mar 1993	5.80%	+117.2%
Dec 1992	2.67%	-29.7%
Sep 1992	3.80%	-13.6%
Jun 1992	4.40%	+41.5%
Mar 1992	3.11%	+55.5%
Dec 1991	2.00%	+203.0%
Sep 1991	0.66%	+312.5%
Jun 1991	0.16%	+108.8%
Mar 1991	-1.82%	+48.7%
Dec 1990	-3.55%	+19.1%
Sep 1990	-4.39%	-254.0%
Jun 1990	2.85%	+48.4%
Mar 1990	1.92%	+1,060.0%
Dec 1989	-0.20%	+93.3%
Sep 1989	-3.00%	+98.9%
Dec 1988	-273.87%	-6.8%
Dec 1987	-256.36%	+1.4%
Dec 1986	-260.01%	+5.9%
Dec 1985	-276.27%	-14.9%
Dec 1984	-240.50%	-

FAQ

What is the current quarterly operating margin of CMI?: As of today, CMI quarterly operating margin is 11.90%
What is CMI quarterly operating margin most recent change?: CMI quarterly operating margin was down -0.75% on June 30, 2026
What is 1-year change in CMI quarterly operating margin?: CMI quarterly operating margin is down -10.26% year-over-year
How far is CMI quarterly operating margin from its all-time high?: CMI quarterly operating margin is currently -10.26% below its historical high of 13.26% set on June 30, 2025
How does CMI quarterly operating margin rank versus sector peers?: CMI quarterly operating margin is higher than 65.17% of companies in Industrials sector
When is CMI next earnings release?: The next earnings release for CMI is on November 5, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

CMI Official Website www.cummins.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/26172/000002617226000009/0000026172-26-000009-index.htm
CMI Profile on Yahoo Finance finance.yahoo.com/quote/CMI
CMI Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cmi