Cummins Inc (CMI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,439,000 | 8,406,000 | 8,306,000 | 8,261,000 | 8,249,000 | 8,067,000 | 7,638,000 | 7,216,000 | 6,719,000 | 6,217,000 | 5,989,000 | 5,741,000 | 5,695,000 | 5,739,000 | 5,674,000 | 5,086,000 | 4,894,000 | 4,846,000 | 4,991,000 | 5,742,000 |
| Revenue (ttm) | US$ in thousands | 34,102,000 | 34,198,000 | 34,173,000 | 34,015,000 | 34,065,000 | 33,292,000 | 32,194,000 | 30,142,000 | 28,074,000 | 26,154,000 | 24,789,000 | 24,314,000 | 24,021,000 | 24,001,000 | 23,151,000 | 20,892,000 | 19,811,000 | 19,559,000 | 20,209,000 | 22,578,000 |
| Gross profit margin | 24.75% | 24.58% | 24.31% | 24.29% | 24.22% | 24.23% | 23.72% | 23.94% | 23.93% | 23.77% | 24.16% | 23.61% | 23.71% | 23.91% | 24.51% | 24.34% | 24.70% | 24.78% | 24.70% | 25.43% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,439,000K ÷ $34,102,000K
= 24.75%
Cummins Inc's gross profit margin has shown fluctuations over the reported periods. It ranged from a high of 25.43% as of March 31, 2020, to a low of 23.61% as of March 31, 2022. The margin saw a slight decline in recent periods, with a notable decrease to 23.71% as of December 31, 2021, before gradually increasing again. As of December 31, 2024, the gross profit margin reached 24.75%. Overall, the company has been able to maintain gross profit margins above 24% in most periods, indicating a reasonable level of profitability after accounting for the cost of goods sold.
Peer comparison
Dec 31, 2024