Cummins Inc (CMI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,946,000 | 735,000 | 2,151,000 | 2,131,000 | 1,789,000 |
| Revenue | US$ in thousands | 34,102,000 | 34,065,000 | 28,074,000 | 24,021,000 | 19,811,000 |
| Net profit margin | 11.57% | 2.16% | 7.66% | 8.87% | 9.03% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,946,000K ÷ $34,102,000K
= 11.57%
Cummins Inc's net profit margin has experienced fluctuations over the last five years. The net profit margin was 9.03% in December 31, 2020, declining slightly to 8.87% in December 31, 2021. In December 31, 2022, the net profit margin decreased further to 7.66%. Subsequently, there was a significant drop in the net profit margin to 2.16% by December 31, 2023. However, the company reversed this trend in December 31, 2024, achieving a notable increase in net profit margin to 11.57%.
The fluctuations in Cummins Inc's net profit margin indicate varying levels of profitability over the specified period. It is essential for the company to closely monitor and manage its costs and revenue streams to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2024