Cummins Inc. (CMI) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Cummins Inc. (CMI) Earnings Overview
As of June 21, 2026, Cummins Inc. (CMI) reported trailing twelve-month net income of $2.67B, reflecting -27.7% year-over-year growth. The company earned $19.26 per diluted share over the past four quarters, with a net profit margin of 8.4%.
Looking at the long-term picture, CMI's 5-year EPS compound annual growth rate (CAGR) stands at +11.3%, showing solid earnings momentum. The company achieved its highest annual net income of $3.95B in fiscal 2024.
Cummins Inc. maintains positive profitability with a gross margin of 25.3%, operating margin of 11.5%, and net margin of 8.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PCAR ($2.48B net income, 8.4% margin), CAT ($9.42B net income, 13.1% margin), DE ($4.78B net income, 11.3% margin), CMI has outperformed on profitability metrics. Compare CMI vs PCAR →
CMI Earnings vs Peers
Earnings metrics vs comparable public companies
CMI Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.84B | -28.0% | $3.87B | $20.50 | 8.4% | 11.5% |
| 2024 | $3.95B | +436.9% | $3.75B | $28.37 | 11.6% | 11.0% |
| 2023 | $735M | -65.8% | $1.76B | $5.15 | 2.2% | 5.2% |
| 2022 | $2.15B | +0.9% | $2.93B | $15.12 | 7.7% | 10.4% |
| 2021 | $2.13B | +19.1% | $2.71B | $14.61 | 8.9% | 11.3% |
| 2020 | $1.79B | -20.8% | $2.27B | $12.01 | 9.0% | 11.5% |
| 2019 | $2.26B | +5.6% | $2.70B | $14.48 | 9.6% | 11.5% |
| 2018 | $2.14B | +114.3% | $2.79B | $13.15 | 9.0% | 11.7% |
| 2017 | $999M | -28.3% | $2.33B | $5.97 | 4.9% | 11.4% |
| 2016 | $1.39B | -0.4% | $1.88B | $8.23 | 8.0% | 10.7% |
| 2015 | $1.40B | -15.3% | $2.06B | $7.84 | 7.3% | 10.8% |
| 2014 | $1.65B | +11.3% | $2.37B | $9.02 | 8.6% | 12.3% |
| 2013 | $1.48B | -9.8% | $2.10B | $7.91 | 8.6% | 12.1% |
| 2012 | $1.65B | -11.0% | $2.25B | $8.67 | 9.5% | 13.0% |
| 2011 | $1.85B | +77.7% | $2.68B | $9.55 | 10.2% | 14.9% |
| 2010 | $1.04B | +143.0% | $1.60B | $5.28 | 7.9% | 12.1% |
| 2009 | $428M | -43.3% | $682M | $2.16 | 4.0% | 6.3% |
| 2008 | $755M | +2.2% | $1.27B | $3.84 | 5.3% | 8.9% |
| 2007 | $739M | +3.4% | $1.16B | $3.70 | 5.7% | 8.9% |
| 2006 | $715M | +30.0% | $1.13B | $3.55 | 6.3% | 10.0% |
| 2005 | $550M | +57.1% | $763M | $2.75 | 5.5% | 7.7% |
| 2004 | $350M | +600.0% | $424M | $1.85 | 4.1% | 5.0% |
| 2003 | $50M | -39.0% | $93M | $0.32 | 0.8% | 1.5% |
| 2002 | $82M | +180.4% | $116M | $0.53 | 1.4% | 2.0% |
| 2001 | -$102M | -1375.0% | -$54M | $-0.67 | -1.8% | -1.0% |
| 2000 | $8M | -95.0% | $94M | $0.05 | 0.1% | 1.4% |
| 1999 | $160M | +861.9% | $332M | $1.03 | 2.4% | 5.0% |
| 1998 | -$21M | -109.9% | $82M | $-0.14 | -0.3% | 1.3% |
| 1997 | $212M | +32.5% | $276M | $1.37 | 3.8% | 4.9% |
| 1996 | $160M | -28.6% | $208M | $1.00 | 3.0% | 4.0% |
| 1995 | $224M | -11.4% | $198M | $1.38 | 4.3% | 3.8% |
| 1994 | $253M | +42.8% | $308M | $1.53 | 5.3% | 6.5% |
| 1993 | $177M | +193.5% | $248M | $1.21 | 4.2% | 5.8% |
| 1992 | -$190M | -188.9% | $131M | $-1.44 | -5.1% | 3.5% |
| 1991 | -$66M | +60.3% | $10M | $-0.55 | -1.9% | 0.3% |
| 1990 | -$165M | -2606.6% | -$27M | $-1.67 | -4.8% | -0.8% |
| 1989 | -$6M | - | $55M | $-0.07 | -0.2% | 1.6% |
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CMI — Frequently Asked Questions
Quick answers to the most common questions about buying CMI stock.
What is CMI earnings per share (EPS)?
CMI trailing twelve-month (TTM) diluted EPS is $19.26, reflecting -27.7% year-over-year growth. The 5-year EPS CAGR is +11.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Cummins Inc.'s net income?
Cummins Inc. (CMI) trailing twelve-month net income is $2.7B as of 2025. Earnings declined -27.7% year-over-year. Cummins Inc. has been profitable for 24 consecutive years.
Is CMI profitable?
Yes, CMI is profitable with a TTM net income of $2.7B and a net profit margin of +8.4%. Cummins Inc. has generated profits for 24 consecutive years.
What is CMI's earnings growth rate?
CMI compound annual EPS growth rates (CAGR): 1-Year: -27.7%, 3-Year: +10.7%, 5-Year: +11.3%, 10-Year: +10.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are CMI's profit margins?
Cummins Inc. net profit margin is +8.4%, operating margin is +11.5%, and gross margin is +25.3%. Margins are within a typical range for the sector. Return on Equity is +23.0%.
Is CMI growing earnings?
CMI earnings are declining — EPS fell -27.7% year-over-year. TTM net income dropped to $2.7B. This contrasts with the 5-year CAGR of +11.3%.
What was CMI's best earnings year?
Cummins Inc.'s highest annual net income on record is $3.9B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were CMI's earnings last quarter?
CMI's most recent reported quarter was Q1 2026. Net income was $654M with diluted EPS of $4.71. For a full breakdown of all quarters, see the quarterly earnings table on this page.