CUMMINS INC (CMI) closed fiscal year 2025 with a gross margin of 25.3 % and a net margin of 8.4 %.
CUMMINS INC (CMI) closed fiscal year 2025 with a gross margin of 25.3 % and a net margin of 8.4 %. The same year shows an EBITDA margin of 15.2 % and an EBIT margin of 12.0 %. The free cash flow margin was 7.1 %. Against the previous year the gross margin moved +0.5 pp and the net margin −3.1 pp. Across the period the gross margin ranges between 19.6 % in 2007 and 25.9 % in 2015. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 19.59 % | 20.50 % | 20.08 % | 23.95 % | 25.43 % | 25.48 % | 24.74 % | 25.29 % | 25.89 % | 25.46 % | 24.97 % | 24.13 % | 25.37 % | 24.70 % | 23.71 % | 23.93 % | 24.22 % | 24.75 % | 25.29 % |
| EBITDA margin (%) | 11.10 % | 11.06 % | 9.33 % | 14.53 % | 16.66 % | 15.09 % | 14.50 % | 14.67 % | 13.45 % | 13.76 % | 14.28 % | 14.29 % | 14.31 % | 14.85 % | 14.02 % | 13.23 % | 8.18 % | 14.12 % | 15.24 % |
| EBIT margin (%) | 8.87 % | 8.87 % | 6.31 % | 12.11 % | 14.85 % | 13.00 % | 12.14 % | 12.30 % | 10.76 % | 10.74 % | 11.43 % | 11.72 % | 11.45 % | 11.45 % | 11.27 % | 10.43 % | 5.17 % | 11.00 % | 11.95 % |
| Net margin (%) | 5.66 % | 5.26 % | 3.96 % | 7.86 % | 10.24 % | 9.49 % | 8.57 % | 8.59 % | 7.32 % | 7.96 % | 4.89 % | 9.01 % | 9.59 % | 9.03 % | 8.87 % | 7.66 % | 2.16 % | 11.57 % | 8.44 % |
| FCF margin (%) | 3.50 % | 3.10 % | 7.66 % | 4.85 % | 8.04 % | 4.86 % | 8.17 % | 7.92 % | 6.91 % | 8.04 % | 8.67 % | 7.02 % | 10.53 % | 11.07 % | 6.34 % | 3.73 % | 8.08 % | 0.82 % | 7.09 % |
