Cummins Inc (CMI)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,761,000 | 3,775,000 | 3,451,000 | 3,351,000 | 2,929,000 | 2,622,000 | 2,662,000 | 2,500,000 | 2,706,000 | 2,840,000 | 2,844,000 | 2,445,000 | 2,269,000 | 1,994,000 | 2,023,000 | 2,535,000 | 2,700,000 | 3,077,000 | 3,181,000 | 3,055,000 |
| Revenue (ttm) | US$ in thousands | 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 | 23,571,000 | 24,119,000 | 24,294,000 | 24,205,000 |
| Operating profit margin | 5.17% | 11.34% | 10.72% | 11.12% | 10.43% | 10.03% | 10.74% | 10.28% | 11.27% | 11.83% | 12.28% | 11.70% | 11.45% | 10.19% | 10.01% | 11.23% | 11.45% | 12.76% | 13.09% | 12.62% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,761,000K ÷ $34,065,000K
= 5.17%
Cummins Inc.'s operating profit margin has shown slight fluctuations over the past 8 quarters. The highest operating profit margin was recorded in Q3 2023 at 9.87%, while the lowest was in Q2 2022 at 8.94%. Overall, the operating profit margin has generally been above 9% during this period, indicating the company's ability to effectively control costs and generate profits from its operations. However, management may want to closely monitor and address any declines in the operating profit margin to ensure sustained profitability and efficiency in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Cummins Inc
CMI
5.17%
Brunswick Corporation
BC
11.48%
BWX Technologies Inc
BWXT
15.56%