Stock Analiz

Cummins Inc. CMI

Industrial Machinery/Components · data as of November 13, 2026

$452.18Market cap $62.0B
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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

Value4/5
Future growth2/5
Track record5/5
Financial health3/5
Shareholder returns5/5

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

P/E (TTM)18.9
Forward P/E14.1
P/FCF17.9
P/S1.7
P/B4.6
EV/EBITDA11.7
PEG1.67
Dividend yield1.90%
FCF yield5.6%
Shareholder yield1.9%
Intrinsic value vs. price+9%

Growth and quality

Revenue growth (1 yr)-1.3%
Revenue growth (5 yrs, per year)11.2%
EPS growth (5 yrs, per year)11.3%
FCF growth (3 yrs, per year)31.6%
Net margin (5-yr avg.)7.7%
ROIC (5-yr avg.)13.5%
Profitable years (of last 10)10
Years paying a dividend10

Financials, last 10 years

Fiscal yearTTM2025202420232022202120202019201820172016
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 margin9.3%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.