Cummins Inc (CMI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,439,000 | 8,249,000 | 6,719,000 | 5,695,000 | 4,894,000 |
| Revenue | US$ in thousands | 34,102,000 | 34,065,000 | 28,074,000 | 24,021,000 | 19,811,000 |
| Gross profit margin | 24.75% | 24.22% | 23.93% | 23.71% | 24.70% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,439,000K ÷ $34,102,000K
= 24.75%
Cummins Inc's gross profit margin has demonstrated fluctuations over the past five years. Starting at 24.70% on December 31, 2020, it decreased slightly to 23.71% by December 31, 2021. However, the margin rebounded to 23.93% by the end of 2022 and further improved to 24.22% by December 31, 2023. The most recent data point shows a gross profit margin of 24.75% as of December 31, 2024, reflecting a positive trend in profitability. Overall, Cummins Inc has maintained relatively healthy gross profit margins over this period, indicating effective management of production costs and pricing strategies.
Peer comparison
Dec 31, 2024