Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators.
It is a $72.0B industrial company. Revenue grew 2.9% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~1.1 years of free cash flow. It trades at 26.5× earnings — in the most expensive third of its own history.
- Website
- cummins.com
- Location
- Columbus, IN
- Employees
- 67 400
- Sector
- Industrials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health and quality; Valuation lags behind.
Valuation44
- P/E vs own history84th pct · 0/25
- FCF yield4.7% · 12/25
- P/S2.1x · 20/25
- EV/EBITDA17.9x · 12/25
Growth69
- Revenue CAGR8.8% · 12/25
- Net income CAGR7.5% · 12/25
- EPS CAGR ~5Y11.3% · 20/25
- Fwd implied growth67.6% · 25/25
Profitability65
- ROIC19.5% · 20/25
- ROE21.9% · 20/25
- Net margin7.8% · 13/25
- Operating margin11.2% · 12/25
Health80
- Altman Z3.90 · 25/25
- Current ratio1.73 · 18/25
- Interest coverageno interest expense · 25/25
- Net cash / debtD/A 10% · 12/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversion124% · 25/25
- Margin stabilityσ 1.9% · 25/25
Moat68
- ROIC >12% years9/10 yrs · 25/25
- Median gross margin24.7% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 2.2% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$3.95B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$17.5B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Could repay net debt from ~1.3 years of free cash flow
- High returns on invested capital (ROIC 19.5%)
- Altman Z-Score 3.90 — low bankruptcy-risk zone
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+2.9% YoY
- Profitable — makes more than it spends$2.71B TTM
- Profit growing — earnings are higher than last year+10.7% YoY
- Generates cash — cash left after running and investing$3.37B TTM
- Debt under control — could handle its obligations~1.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$72.0B market cap
- Not printing shares — share count not ballooning — you keep your slice-6.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.9 — safe
- Pays a dividend — returns cash to shareholdersyield 1.53%
- Valuation not extreme — price not wildly above earningsP/E 26.5
Peer comparisonCummins Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CMI this company | $72.0B | 26.5 | +2.9% | 7.8% | Strong |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: CMI vs LRCX · CMI vs CAT · CMI vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CMI
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CMI on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $523.39 · market cap $72.0B.