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Cummins CMI Price / earnings

Price / earnings at other companies

Caterpillar logo
CaterpillarCAT
35×+19.1×
Generac Holdings logo
Generac HoldingsGNRC
32.4×+0.3×
Paccar logo
PaccarPCAR
24.5×+9.8×
Wabtec logo
WabtecWAB
35.2×+7.2×
TransDigm Group logo
TransDigm GroupTDG
31.4×-9.4×
Eaton Corporation logo
Eaton CorporationETN
34.8×+7.7×

Other financials

Income statement

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Revenue$8.4B+2.7%
Gross profit$2.2B+4.1%
Operating income$949.0M-16.3%
Net income$680.0M-20.0%
EPS (diluted)$4.71-21.0%

Balance sheet

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Cash & equivalents$2.6B+70.6%
Total debt$8.0B+25.0%
Total equity$12.4B+13.1%
Total assets$34.4B+5.9%

Cash flow

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Operating cash flow$309.0M+10,400%
CapEx$189.0M+16.7%
Free cash flow$120.0M+173%

Valuation

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Market cap$99.05B+72.5%
Enterprise value$104.46B+66.2%
P/S2.9×+1.2×

Profitability

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Gross margin25.4%+0.1pp
Operating margin11.3%-0.4pp
Net margin8.2%-0.3pp

Returns & leverage

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Return on equity23.9%-5.0pp
Debt / equity0.6×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Calculated from Cummins’s reported figures.

Based on the most recent quarter.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's price / earnings?
Cummins (CMI) reported price / earnings of 26.7× in Q1 2026.
How has Cummins's price / earnings changed year-over-year?
Cummins's price / earnings increased by 78.9% year-over-year, from 14.9× to 26.7×.
What is the long-term trend for Cummins's price / earnings?
Over 2 years (2021 to 2025), Cummins's price / earnings has grown at a 7.8% compound annual growth rate (CAGR), from 63.9× to 74.2×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.