SuperworthCummins CMI
- Market cap
- $71.2B
- PE
- 26.4×
- 10y median 18.2×
- Forward PE
- 15.7×
- 10y median 15.1×
- Price to sales
- 2.1×
- EV/EBIT
- 18.3×
- Revenue, 12 months
- $34.7B
- +3% on a year ago
- Net margin
- 7.8%
- Free cash flow yield
- 4.7%
Cummins trades at 26.4× trailing earnings, pricier than 88% of the last ten years. Revenue was $34.7B over the last twelve months, up 3% on a year earlier with a 8% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $8.4B+15% | $8.5B+10% | $8.4B−1% | $8.8B+2% | $8.5B+0% | $8.4B−1% | $8.2B−3% | $8.6B−2% | $8.3B−2% | $8.5B+1% | $8.4B+3% | $9.5B+9% | |
| Cost of revenue | $6.4B+12% | $6.5B+10% | $6.4B−1% | $6.6B+2% | $6.3B−1% | $6.4B−2% | $6B−5% | $6.4B−4% | $6.2B−2% | $6.6B+3% | $6.2B+2% | $7B+10% |
| Gross profit | $2.1B+26% | $2B+10% | $2B+1% | $2.2B+2% | $2.2B+5% | $2B+2% | $2.2B+6% | $2.3B+4% | $2.1B−2% | $2B−4% | $2.2B+4% | $2.5B+8% |
| R&D | $376M+8% | $390M+17% | $369M+5% | $379M−1% | $359M−5% | $356M−9% | $344M−7% | $357M−6% | $345M−4% | $350M−2% | $358M+4% | $385M+8% |
| SG&A | $831M+17% | $876M+18% | $839M+11% | $828M−5% | $807M−3% | $801M−9% | $771M−8% | $779M−6% | $789M−2% | $786M−2% | $845M+10% | $893M+15% |
| $950M+52% | −$1.2B | $923M−10% | $1B+5% | $1.1B+11% | $732M | $1.1B+23% | $1.2B+17% | $852M−19% | $813M+11% | $949M−16% | $1.3B+4% | |
| Interest expense | $97M+59% | $92M+6% | $89M+2% | $109M+10% | $83M−14% | $89M−3% | $77M−14% | $87M−20% | $83M+0% | $82M−8% | $76M−1% | $80M−8% |
| Pre-tax income | $878M+44% | −$1.2B | $2.2B+116% | $977M+3% | $1B+19% | $662M | $1.1B−50% | $1.2B+25% | $830M−20% | $791M+20% | $934M−16% | $1.3B+6% |
| $188M−6% | $163M+22% | $193M−14% | $225M+6% | $200M+6% | $217M+33% | $267M+38% | $297M+32% | $271M+36% | $171M−21% | $254M−5% | $325M+9% | |
| Net income | $656M+64% | −$1.4B | $2B+152% | $726M+1% | $809M+23% | $418M | $824M−59% | $890M+23% | $536M−34% | $593M+42% | $654M−21% | $932M+5% |
| $4.59+63% | −$10.10 | $14.03+153% | $5.26+4% | $5.86+28% | $3.02 | $5.96−58% | $6.43+22% | $3.86−34% | $4.27+41% | $4.71−21% | $6.73+5% | |
| 142.8M+1% | 141.7M−0% | 142.1M−0% | 137.9M−3% | 138.1M−3% | 138.2M−3% | 138.3M−3% | 138.5M+0% | 138.8M+1% | 139M+1% | 138.8M+0% | 138.5M+0% |
EPS, diluted: Q4 FY08 and Q4 FY09: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 11 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 14 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY17 and Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $9.9B | $9.6B to $10.1B | $8.18 | $7.97 to $8.42 | 8 |
| Q4 FY26 | $10B | $9.8B to $10.3B | $8.52 | $8.27 to $8.79 | 7 |
| Q1 FY27 | $9.3B | $9.1B to $9.7B | $7.70 | $7.42 to $8.11 | 2 |
| Q2 FY27 | $10.3B | $10B to $10.7B | $8.55 | $8.24 to $9.01 | 2 |
| Q3 FY27 | $10.7B | $10.4B to $11.1B | $9.20 | $8.86 to $9.69 | 2 |
| Q4 FY27 | $11.2B | $10.9B to $11.7B | $10.12 | $9.75 to $10.66 | 5 |
| Q1 FY28 | $10.3B | $10B to $10.7B | $9.30 | $8.97 to $9.80 | 6 |
| Q2 FY28 | $11.1B | $10.8B to $11.5B | $10.02 | $9.66 to $10.56 | 5 |
Peers
Companies in Industrial - Machinery nearest Cummins' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CMICummins | $71.2B | 26.4× | 18.2× | 15.7× | 2.1× | +3% | 7.8% |
| ITWIllinois Tool Works | $78.5B | 25.0× | 24.2× | 23.5× | 4.8× | +4% | 19.4% |
| PCARPACCAR | $56.3B | 22.5× | 14.2× | 16.2× | 2.0× | −11% | 9.0% |
| EMREmerson Electric | $90.1B | 35.4× | 24.4× | 22.8× | 4.8× | +5% | 13.8% |
| TTTrane Technologies | $97.9B | 33.7× | 25.3× | 26.8× | 4.4× | +7% | 13.3% |
| ROKRockwell Automation | $47.3B | 39.9× | 30.6× | 29.3× | 5.3× | +11% | 13.4% |
| CARRCarrier Global | $46.4B | 39.1× | 18.8× | 18.6× | 2.1× | −2% | 5.5% |
| PHParker-Hannifin | $111B | 30.9× | 24.8× | 24.6× | 5.2× | +8% | 17.0% |
| OTISOtis Worldwide | $28.6B | 19.3× | 26.4× | 17.5× | 1.9× | +5% | 10.2% |
| IRIngersoll Rand | $28.5B | 30.2× | 39.8× | 19.6× | 3.6× | +8% | 12.1% |
| DOVDover | $26.8B | 24.0× | 19.2× | 17.7× | 3.2× | +8% | 13.5% |
| Peer median | $51.8B | 30.6× | 24.6× | 21.2× | 4.0× | +6% | 13.3% |
Investors who own it
Investors we follow who held Cummins at the end of Jun 30, 2026, from their 13F filings.
- Chris BloomstranSemper Augustus1.0% of portfoliotrimmed
More on Cummins
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 55Industrial stocks with the lowest PEG ratio
- #1of 14Industrial machinery stocks with the lowest forward PE
- #6of 67Industrial stocks with the lowest forward PE
- #2of 13Industrial machinery stocks with the lowest PEG ratio
- #4of 14Industrial machinery stocks with the fastest expected revenue growth
- #5of 13Industrial machinery stocks with the highest dividend yields
Its groups
About
- Industry
- Industrial - Machinery
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .