• Cummins average ebitda margin for 2024 was 9.62%, a 23.41% increase from 2023.
• Cummins average ebitda margin for 2023 was 12.56%, a 3.98% decline from 2022.
• Cummins average ebitda margin for 2022 was 13.08%, a 11.02% decline from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.