CUMMINS INC (CMI) Return on equity 2016–2025
CUMMINS INC (CMI) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
23.9%FY2025 · since FY2016: 21.2% → 23.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 23.9% | -15.7 pp |
| FY2024 | 39.6% | +30.1 pp |
| FY2023 | 9.5% | -14.8 pp |
| FY2022 | 24.3% | -2.2 pp |
| FY2021 | 26.6% | +4.1 pp |
| FY2020 | 22.5% | -7.7 pp |
| FY2019 | 30.2% | +0.4 pp |
| FY2018 | 29.8% | +16.1 pp |
| FY2017 | 13.7% | -7.5 pp |
| FY2016 | 21.2% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice