Cummins Inc CMI Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$450.07 up $1.49, 0.33% at close Nov 6
Last close · Previous close $448.58
- Market cap
- At the Nov 6 close
- P/E ratio
- 18.78On last 12 months’ EPS
- Diluted EPS
- $23.96Last 12 months
- Dividend yield
- 1.82%Last 12 months
Price chart
$450.07up $1.49, 0.33%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$448.58Nov 5
- Volume2.17MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume1.42MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $443.62 to $737.76; now $450.07
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
CMI beat the S&P 500 in 3 of 7 periods.
| Period | CMI and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | CMI: down 15.9% S&P 500: down 5.6% | CMI trailed the S&P 500 by 10.3 percentage points Trailed |
| 3M | CMI: down 29.8% S&P 500: down 4.1% | CMI trailed the S&P 500 by 25.7 percentage points Trailed |
| YTD | CMI: down 10.9% S&P 500: up 8.7% | CMI trailed the S&P 500 by 19.6 percentage points Trailed |
| 1Y | CMI: down 1.3% S&P 500: up 10.9% | CMI trailed the S&P 500 by 12.2 percentage points Trailed |
| Long term | ||
| 3Y | CMI: up 117.3% S&P 500: up 75.0% +29.5% vs +20.5% a year | CMI beat the S&P 500 by 42.3 percentage points Beat |
| 5Y | CMI: up 112.9% S&P 500: up 67.8% +16.3% vs +10.9% a year | CMI beat the S&P 500 by 45.1 percentage points Beat |
| 10Y | CMI: up 366.8% S&P 500: up 313.1% +16.7% vs +15.2% a year | CMI beat the S&P 500 by 53.7 percentage points Beat |
$10,000 invested in CMI 10 years ago (Nov 4, 2016) would be worth about $46,685 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
CMI beat the S&P 500 in 3 of 7 periods.
| Period | CMI and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | CMI: down 15.9% S&P 500: down 5.6% | CMI trailed the S&P 500 by 10.3 percentage points Trailed |
| 3M | CMI: down 30.1% S&P 500: down 4.3% | CMI trailed the S&P 500 by 25.8 percentage points Trailed |
| YTD | CMI: down 11.8% S&P 500: up 7.8% | CMI trailed the S&P 500 by 19.6 percentage points Trailed |
| 1Y | CMI: down 2.8% S&P 500: up 9.7% | CMI trailed the S&P 500 by 12.5 percentage points Trailed |
| Long term | ||
| 3Y | CMI: up 104.6% S&P 500: up 68.8% +26.9% vs +19.1% a year | CMI beat the S&P 500 by 35.8 percentage points Beat |
| 5Y | CMI: up 89.8% S&P 500: up 56.9% +13.7% vs +9.4% a year | CMI beat the S&P 500 by 32.9 percentage points Beat |
| 10Y | CMI: up 262.1% S&P 500: up 252.6% +13.7% vs +13.4% a year | CMI beat the S&P 500 by 9.5 percentage points Beat |
$10,000 invested in CMI 10 years ago (Nov 4, 2016) would be worth about $36,205 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$727.59
Closing high on . Now 38.1% below that record.
Split-adjusted daily closes since Dec 18, 1984.
Stock splits
3
Latest: 2-for-1 on . One share bought before the first split is 8 shares today.
All 3 splits
- 2-for-1
- 2-for-1
- 2-for-1
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Sep 30, 2026. “Last 12 months” means the four quarters from Oct 1, 2025 to Sep 30, 2026, and balance-sheet figures are as of Sep 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $35.83Bup 6.7%
- Net income
- $3.32Bup 24.4%
- Diluted EPS
- $23.96up 24.1%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Dec 31, 2024) | $8.45B | $418.00M | $3.06 |
| Q1 FY25 (Mar 31, 2025) | $8.17B | $824.00M | $5.96 |
| Q2 FY25 (Jun 30, 2025) | $8.64B | $890.00M | $6.43 |
| Q3 FY25 (Sep 30, 2025) | $8.32B | $536.00M | $3.86 |
| Q4 FY25 (Dec 31, 2025) | $8.54B | $593.00M | $4.27 |
| Q1 FY26 (Mar 31, 2026) | $8.40B | $654.00M | $4.71 |
| Q2 FY26 (Jun 30, 2026) | $9.46B | $932.00M | $6.73 |
| Q3 FY26 (Sep 30, 2026) | $9.44B | $1.14B | $8.25 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $24.02B | $2.13B | $14.61 |
| FY22 (Dec 31, 2022) | $28.07B | $2.15B | $15.12 |
| FY23 (Dec 31, 2023) | $34.07B | $735.00M | $5.15 |
| FY24 (Dec 31, 2024) | $34.10B | $3.95B | $28.37 |
| FY25 (Dec 31, 2025) | $33.67B | $2.84B | $20.50 |
Margins
- Gross 25.9%
- Operating 11.6%
- Net 9.3%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $3.46BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$4.75BLast 12 months
- Capital spending$1.29BLast 12 months
- 9.7%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $827.00MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$1.13BLast 12 months
- Total returned$1.96BLast 12 months
57% of free cash flow
Balance sheet
- $6.57BAs of Sep 30, 2026
Cash plus short- and long-term marketable securities on the Sep 30, 2026 balance sheet.
- Total debt$7.52BAs of Sep 30, 2026
- Net debt$950.00MAs of Sep 30, 2026
- 1.74As of Sep 30, 2026
Current assets divided by current liabilities on the Sep 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.56As of Sep 30, 2026
Total debt divided by shareholders’ equity on the Sep 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 8 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✓Share count didn’t rise: passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 26.1%Last 12 months
Over the last 12 months, Cummins’s net income was 26.1% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 9.4%Last 12 months
Over the last 12 months, Cummins’s net income was 9.4% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $4.00 |
| 2017 | $4.21 |
| 2018 | $4.44 |
| 2019 | $4.90 |
| 2020 | $5.28 |
| 2021 | $5.60 |
| 2022 | $6.04 |
| 2023 | $6.50 |
| 2024 | $7.00 |
| 2025 | $7.64 |
| 2026 (to date) | $6.20 |
Dividend details
- $8.20Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield1.82%Last 12 months
- $2.20Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 7.7% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 20 yearsThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
- 34.2%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Cummins Inc
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
- Headquarters
- Indiana, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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CMI stock FAQ
What is CMI stock’s price today?
Cummins (CMI) traded at $450.07 at the close on , up $1.49 (0.33%) from the previous close of $448.58. Over the past 52 weeks it has traded between $443.62 and $737.76.
If you invested $1,000 in CMI 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in CMI on would be worth about $4,668 at the close on , a total return of +366.8%. The same $1,000 would be worth $2,129 if invested five years ago, $987 if invested one year ago, $22,861 if invested 20 years ago, and $83,846 if invested 30 years ago. Past performance doesn’t predict future returns.
What is CMI’s P/E ratio?
CMI trades at 18.8 times its diluted earnings over the four quarters to ($23.96 per share), at the close. (How the P/E ratio works.)
How much revenue does Cummins make?
Cummins reported $35.8 billion of revenue over the four quarters to , up 6.7% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $9.4 billion, up 13.5% from a year earlier.
Is Cummins profitable?
Yes. Cummins earned $3.3 billion of net income over the four quarters to , a net margin of 9.3%, and its operating margin was 11.6% (what margins tell you).
What are CMI’s earnings per share?
CMI’s diluted earnings per share were $23.96 over the four quarters to , compared with $19.31 in the twelve months before. The latest quarter (Q3 FY26) brought $8.25 per share, against $3.86 a year earlier (how EPS works).
Does CMI pay a dividend?
Yes. Cummins pays a quarterly dividend. The most recent was $2.20 per share, with an ex-dividend date of . Over the last twelve months it paid $8.20 per share, a 1.82% yield at the close, and the full-year dividend has risen 20 years in a row (how dividend yield works).
Based on the last 12 months’ payments ($8.20 per share), and if the next 12 months match the last 12, 100 shares would receive about $820 over 12 months, and $1,000 over 12 months would take about 122 shares, roughly $54,909 at the close. Dividends can change.
What is CMI’s 52-week high and low?
Over the past 52 weeks CMI has traded as low as $443.62 and as high as $737.76. At $450.07 at the close on , it is 39.0% below that high and 1.5% above the low.
What is CMI’s all-time high?
CMI’s highest closing price was $727.59 on , adjusted for stock splits. At $450.07 at the close on , it is 38.1% below that record.
Has CMI stock ever split?
Yes, three times: 2-for-1 on ; 2-for-1 on ; 2-for-1 on . One share bought before the first split would be 8 shares today.
How has CMI stock performed?
Including dividends and measured to the close on , CMI has returned −10.9% so far this year and −1.3% over the past year, and +112.9% over five years (+16.3% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Cummins in?
Cummins is in the Industrials sector and the Specialty Industrial Machinery industry, and is headquartered in Indiana, USA.
What exchange does CMI trade on?
Cummins trades on the NYSE under the ticker symbol CMI. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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