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CompareEarnings: May 31, 2026

Cummins Inc

Exchange: NYSESector: IndustrialsIndustry: Specialty Industrial Machinery

Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments-Engine, Components, Distribution, Power Systems and Accelera™ by Cummins-offer a broad portfolio, including advanced diesel, alternative fuel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems and electrolyzers. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers' needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 70,000 people worldwide and earned $3.9 billion on $34.1 billion in sales in 2024. About Centralia Coal Transition Funding Boards Weatherization Board ($10M): established to fund energy efficiency and weatherization for the residents, employees, business, non-profit organizations and local governments within Lewis County and South Thurston County; up to $1 million shall be allocated to fund residential energy efficiency and weatherization measures for low-income and moderate-income residents of Lewis County and South Thurston County; Economic & Community Development Board ($20M): established to fund education, retraining, economic development, and community enhancement; at least $5M shall be allocated to fund education, retraining and economic development specifically targeting the needs of workers displaced from the Centralia facility; Energy Technology Board ($25M): established to fund energy technologies with the potential to create environmental benefits to the state of Washington.

Did you know?

Earnings per share grew at a 3.9% CAGR.

Current Price

$657.44

-2.02%

GoodMoat Value

$331.20

49.6% overvalued
Profile
Valuation (TTM)
Market Cap$90.75B
P/E31.92
EV$79.62B
P/B7.35
Shares Out138.04M
P/Sales2.70
Revenue$33.67B
EV/EBITDA17.92

Cummins Inc (CMI) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Cummins is a mature industrial leader in diesel and alternative fuel engines, facing a slow-growth core market and a challenging transition to new technologies. While it possesses a strong brand and scale, its current valuation appears demanding relative to its modest growth and the GoodMoat target, suggesting caution for value investors.

Read full analysis
Cummins Inc. designs, manufactures, and distributes engines, power generation systems, and related components. Its core business revolves around diesel engines for heavy-duty trucks, construction, mining, and agricultural equipment. Customers include major truck manufacturers (like PACCAR and Daimler Truck), industrial equipment makers, and end-users needing power solutions. The company is also investing in alternative power technologies like hydrogen fuel cells and batteries. Using the GoodMoat framework, Cummins shows strengths in Brand & Culture (a dominant, trusted name in heavy machinery) and Scale Privilege (a massive global service and manufacturing network). However, it scores lower on criteria like Network Effects, Proprietary Data, and Low Disruption Risk, as its industry faces significant technological transition. Key risks from Section 5 include Growth Deceleration, with revenue growth of only 1.1% YoY, and potential Competitive Erosion as the industry shifts away from its diesel stronghold. A value investor might be interested in its strong ROE of 23.0% and its dividend, but the current P/E of 26.9x is high for a company with minimal growth, and the stock price of $553.36 is significantly above the GoodMoat target of $331.20, indicating an unfavourable valuation margin of safety.

CMI Company Information

Cummins Inc. , a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward.

Our five business segments-Engine, Components, Distribution, Power Systems and Accelera™ by Cummins-offer a broad portfolio, including advanced diesel, alternative fuel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems and electrolyzers.

With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers' needs, supporting them through the energy transition with our Destination Zero strategy.

We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment.

Headquartered in Columbus, Indiana, Cummins employs approximately 70,000 people worldwide and earned $3. 9 billion on $34. 1 billion in sales in 2024.

About Centralia Coal Transition Funding Boards Weatherization Board ($10M): established to fund energy efficiency and weatherization for the residents, employees, business, non-profit organizations and local governments within Lewis County and South Thurston County; up to $1 million shall be allocated to fund residential energy efficiency and weatherization measures for low-income and moderate-income residents of Lewis County and South Thurston County; Economic & Community Development Board ($20M): established to fund education, retraining, economic development, and community enhancement; at least $5M shall be allocated to fund education, retraining and economic development specifically targeting the needs of workers displaced from the Centralia facility; Energy Technology Board ($25M): established to fund energy technologies with the potential to create environmental benefits to the state of Washington.

Sector

Industrials

Industry

Specialty Industrial Machinery

Exchange

NYSE

Country

Indiana, USA

CMI Key Officers

Key officers data coming soon

CMI Company Profile

Cummins Inc (CMI) is a Industrials company in the Specialty Industrial Machinery industry. It trades on NYSE. The company is based in Indiana, USA.

Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments-Engine, Components, Distribution, Power Systems and Accelera™ by Cummins-offer a broad portfolio, including advanced diesel, alternative fuel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems and electrolyzers. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers' needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 70,000 people worldwide and earned $3.9 billion on $34.1 billion in sales in 2024. About Centralia Coal Transition Funding Boards Weatherization Board ($10M): established to fund energy efficiency and weatherization for the residents, employees, business, non-profit organizations and local governments within Lewis County and South Thurston County; up to $1 million shall be allocated to fund residential energy efficiency and weatherization measures for low-income and moderate-income residents of Lewis County and South Thurston County; Economic & Community Development Board ($20M): established to fund education, retraining, economic development, and community enhancement; at least $5M shall be allocated to fund education, retraining and economic development specifically targeting the needs of workers displaced from the Centralia facility; Energy Technology Board ($25M): established to fund energy technologies with the potential to create environmental benefits to the state of Washington.

Market cap is $90.75B. There are 138.0M shares outstanding. Dividend yield is 1.16%.

See the full Cummins Inc profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if CMI is a good investment.