Cummins Inc. CMI
Industrial Machinery/Components · data as of November 13, 2026
Cummins Inc. (CMI) is a industrial company listed in the US with a market value of about $62.0B. In the twelve months to September 30, 2026 it had revenue of $35.8B and net income of $3.3B, a net margin of 9.3%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is track record (5/5); the weakest is future growth (2/5).
Key numbers: a P/E of 18.9, a price to free cash flow of 17.9, 5-year revenue growth of 11% a year, a 5-year average ROIC of 14%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 9% above the current price.
Score: 3.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
- Liabilities below 60% of assets
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.8B | $33.7B | $34.1B | $34.1B | $28.1B | $24.0B | $19.8B | $23.6B | $23.8B | $20.4B | $17.5B |
| Net income | $3.3B | $2.8B | $3.9B | $735M | $2.2B | $2.1B | $1.8B | $2.3B | $2.1B | $999M | $1.4B |
| Free cash flow | $3.5B | $2.4B | $279M | $2.8B | $1.0B | $1.5B | $2.2B | $2.5B | $1.7B | $1.8B | $1.4B |
| EPS (diluted) | $23.96 | $20.50 | $28.37 | $5.15 | $15.12 | $14.61 | $12.01 | $14.48 | $13.15 | $5.97 | $8.23 |
| Net margin | 9.3% | 8.4% | 11.6% | 2.2% | 7.7% | 8.9% | 9.0% | 9.6% | 9.0% | 4.9% | 8.0% |
| ROIC | — | 14.7% | 17.4% | 5.7% | 13.1% | 16.7% | 13.9% | 20.8% | 22.5% | 19.9% | 16.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 19 analysts is $642.72, 42% above the current price; targets range from $462.00 to $880.00; the consensus rating is “Buy”; expected EPS is $27.73 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Cummins’s P/E ratio?
About 18.9, based on the last twelve months of diluted earnings per share (forward P/E about 14.1).
Is Cummins stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 9% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Cummins pay a dividend?
Yes. The dividend yield is about 1.90%, and it has paid dividends for 10 years in our data.
Is Cummins a good stock to buy?
We do not give buy or sell advice. Cummins scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.