Skip to content
OpenCapital
Get started

Cummins CMI Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin25.4%+0.1pp25.3%-0.3pp25.6%0.0pp25.6%+0.4pp25.3%+0.5pp
Operating margin11.3%-0.6pp12%+0.2pp11.7%-0.5pp12.3%+0.6pp11.7%+0.7pp
Net margin8.2%-0.6pp8.8%+0.5pp8.3%-0.8pp9.1%+0.6pp8.5%-3.4pp
EBITDA margin14.6%-0.6pp15.2%+0.2pp15%-0.5pp15.5%+0.7pp14.8%+0.7pp
Free cash flow margin7.9%+0.8pp7.1%+0.3pp6.8%+1.9pp4.9%+4.9pp0%-0.8pp
Returns
Return on equity23.9%-2.2pp26.1%+1.3pp24.9%-3.9pp28.7%-0.2pp28.9%-13.6pp
Return on assets8.3%-0.7pp9%+0.6pp8.5%-0.9pp9.4%+0.4pp9%-3.8pp
Return on invested capital22.9%-1.9pp24.8%+0.6pp24.2%-1.4pp25.6%-1.6pp27.2%0.0pp
Efficiency
Asset turnover1×0.0×1×0.0×1×0.0×1×0.0×1.1×0.0×
Inventory turnover4.1×-0.2×4.4×+0.3×4×-0.1×4.1×-0.1×4.3×-0.2×
Liquidity
Current ratio1.7×-0.1×1.8×0.0×1.8×+0.1×1.6×+0.3×1.3×0.0×
Quick ratio1.1×0.0×1.2×0.0×1.1×+0.1×1×+0.2×0.8×0.0×
Cash ratio0.3×0.0×0.3×0.0×0.3×0.0×0.2×+0.1×0.1×0.0×
Leverage
Debt-to-equity0.6×0.0×0.6×0.0×0.7×-0.1×0.7×+0.1×0.6×0.0×
Debt-to-assets0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Net debt / EBITDA1.1×+0.1×1×-0.1×1.1×-0.1×1.2×+0.2×1×0.0×
Interest coverage11.7×-0.5×12.2×+0.5×11.7×-0.6×12.3×+1.3×11.1×+0.9×
Per Share
Book value per share$88.98———$86.92+2.1%$85.12+7.8%$78.99—
Valuation
Market capitalization$74.34B+5.5%$70.46B+21.1%$58.2B+30.5%$44.61B+3.5%$43.09B-9.9%
Enterprise value$79.75B+5.6%$75.51B+18.7%$63.59B+25.3%$50.75B+5.8%$47.98B-8.8%
Price / earnings26.7×+2.8×23.8×+2.9×20.9×+6.4×14.6×-0.4×14.9×+3.2×
Price / sales2.2×+0.1×2.1×+0.4×1.7×+0.4×1.3×+0.1×1.3×-0.1×
Price / book6×+0.3×5.7×+0.9×4.8×+1.0×3.8×-0.2×3.9×-0.7×
EV / EBITDA16.1×+1.4×14.7×+2.1×12.6×+2.9×9.7×+0.2×9.5×-1.4×
EV / sales2.4×+0.1×2.2×+0.3×1.9×+0.4×1.5×+0.1×1.4×-0.1×
Free cash flow yield3.6%+0.2pp3.4%-0.5pp3.9%+0.2pp3.7%+3.7pp0%-0.6pp
Earnings yield3.7%-0.4pp4.2%-0.6pp4.8%-2.1pp6.9%+0.2pp6.7%-1.8pp
Dividend yield1.5%0.0pp1.5%-0.3pp1.8%-0.5pp2.2%0.0pp2.3%+0.3pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Cummins's profit margins?
Cummins (CMI) runs a 25.4% gross margin and a 11.3% operating margin, with a 8.2% net margin.
Where do Cummins's ratios come from?
Every ratio is computed from Cummins's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.