Cummins Inc. (CMI) Earnings History
Annual and quarterly earnings data from 1989 to 2025
Loading earnings history...
CMI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CMI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 25.3% | 11.9% | 8.4% |
| 2024 | 24.7% | 11.0% | 11.6% |
| 2023 | 24.2% | 5.2% | 2.2% |
| 2022 | 23.9% | 10.4% | 7.7% |
| 2021 | 23.7% | 11.3% | 8.9% |
Download Data
Export CMI earnings history in CSV or JSON format
Free sign-in required to download data
Cummins Inc. (CMI) Earnings Overview
As of May 6, 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 11.9%, 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 ($4.08B 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% | $4.00B | $20.50 | 8.4% | 11.9% |
| 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% |
Full CMI Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See CMI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CMI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CMI vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonCMI — Frequently Asked Questions
Quick answers to the most common questions about buying CMI stock.
Is CMI growing earnings?
CMI EPS fell to $19.26, with earnings declining -27.7%. This contrasts with the 5-year CAGR of +11.3%. TTM net income dropped to $2.7B.
What are CMI's profit margins?
Cummins Inc. net margin is +8.4%, with operating margin at +11.9%. Margins sit within typical range for the sector.
How consistent are CMI's earnings?
CMI earnings data spans 1989-2025. The declining earnings trend is -27.7% YoY. Historical data enables comparison across business cycles.