Company / Gross Margin
Cummins Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
25.3%
FY2025
5-year range
23.7% / 25.3%
FY2021-FY2025
Trend
+2.2%
vs FY2024
Sector context
#118 of 179
Industrials
What the data says
At 25.3%, Cummins's gross margin ranks #118 of 179 in the Industrials sector. Gross Margin has increased for 4 consecutive years, from 23.7% in FY2021 to 25.3% in FY2025.
Based on SEC 10-K filings.
25.3% in FY2025 with a 5-year CAGR of +0.6%.
Improved from 24.2% to 25.3% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +1.4pp
- 5-Year Change
- +0.6pp
- 10-Year Change
- -
Sector benchmark
#118 of 179 in IndustrialsTop 66% of 179This company 25.3% Sector average 28.7%
▼
-12.0% below sector average
Key checks
Key Insights
- Cummins's gross margin has grown for 4 consecutive years.
- In FY2025, gross margin increased 2.2% year-over-year.
- Currently 3.4pp below the Industrials sector average.
- Peak gross margin was recorded in FY2016.
Company context
Key Data Points
- Strong return on equity: 23.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 25.3% | +2.2% |
| FY2024 | 24.8% | +2.2% |
| FY2023 | 24.2% | +1.2% |
| FY2022 | 23.9% | +0.9% |
| FY2021 | 23.7% | -4.0% |
| FY2020 | 24.7% | -2.6% |
| FY2019 | 25.4% | +5.1% |
| FY2018 | 24.1% | -3.4% |
| FY2017 | 25.0% | -1.9% |
| FY2016 | 25.5% | -1.7% |
As of FY2025 · SEC 10-K Annual Filings · Updated Mar 8, 2026