Cummins price to free cash flow CMI

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 21.2×
10-year median: 18.0×
Against its 10-year history: 65th; percentile: 0 is its lowest day, 100 its highest
10-year range: 7.1× to 184×
Peer median: 25.0×

Cummins' price to free cash flow is 21.2× as of Oct 23, 2026.

That is above its ten-year median of 18.0×, higher than on 65% of days in the last ten years.

Over that time it ranged from 7.1× in Mar 2020 to 184× in Feb 2025.

The median for 10 industrial machinery stocks of a similar size is 25.0×.

Price to free cash flow over time

median 18×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.2×	21.2×	38.3×
2025	31.5×	28.0×	184×
2024	143×	13.6×	155×
2023	15.7×	14.3×	34.9×
2022	32.5×	15.5×	33.6×
2021	15.3×	12.0×	19.8×
2020	18.2×	7.1×	19.6×
2019	10.7×	9.5×	15.8×
2018	13.1×	12.8×	20.0×
2017	18.4×	14.8×	20.0×
2016	14.6×	11.7×	15.5×
2015	12.2×	11.8×	18.1×
2014	18.1×	17.0×	23.3×
2013	18.8×	16.3×	27.6×
2012	24.4×	12.3×	25.0×
2011	14.3×	14.0×	42.1×
2010	29.0×	14.4×	29.3×

Against its peers

Companies in Industrial - Machinery nearest Cummins' size, closest first, today.

Company	Price to free cash flow
CMICummins	21.2×
ITWIllinois Tool Works	26.9×
PCARPACCAR	15.2×
EMREmerson Electric	26.1×
TTTrane Technologies	27.6×
ROKRockwell Automation	31.5×
CARRCarrier Global	24.0×
PHParker-Hannifin	28.4×
OTISOtis Worldwide	16.7×
IRIngersoll Rand	23.4×
DOVDover	22.8×
Peer median	25.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Cummins

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.