• Cummins average pre-tax profit margin for 2023 was 9.25%, a 9.49% decline from 2022.
• Cummins average pre-tax profit margin for 2022 was 10.22%, a 14.26% decline from 2021.
• Cummins average pre-tax profit margin for 2021 was 11.92%, a 6.81% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.