Cummins (WBO:CMI) Net Margin % : -16.75% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Cummins Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Cummins's Net Income for the three months ended in Dec. 2023 was €-1,312 Mil. Cummins's Revenue for the three months ended in Dec. 2023 was €7,834 Mil. Therefore, Cummins's net margin for the quarter that ended in Dec. 2023 was -16.75%.

The historical rank and industry rank for Cummins's Net Margin % or its related term are showing as below:

WBO:CMI' s Net Margin % Range Over the Past 10 Years
Min: 2.16 Med: 8.28 Max: 9.59
Current: 2.16

WBO:CMI's Net Margin % is ranked worse than
67.17% of 2973 companies
in the Industrial Products industry
Industry Median: 5.21 vs WBO:CMI: 2.16

Cummins Net Margin % Historical Data

The historical data trend for Cummins's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cummins Net Margin % Chart

Cummins Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

Get a 7-Day Free Trial

9.59

9.03

8.87

7.66

2.16

Cummins Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															8.12	9.35	8.34	7.78	-16.75

Competitive Comparison of Cummins's Net Margin %

For the Specialty Industrial Machinery subindustry, Cummins's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cummins's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cummins's Net Margin % falls into.

Cummins Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Cummins's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	673.995	/	31237.605
	=	2.16 %

Cummins's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-1312.227	/	7833.931
	=	-16.75 %

Cummins (WBO:CMI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Cummins Net Margin % Related Terms

Thank you for viewing the detailed overview of Cummins's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cummins (WBO:CMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (WBO:CMI) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

CMI:USA CUM:Germany C1MI34:Brazil

Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.