Stocks · Industrials · Industrial - Machinery
Cummins Inc. CMI
$528.32 +2.19% Close, Oct 2, 2026 · NYSE · Market cap $72.90B
High quality
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- The shares trade at 27.0× trailing earnings, higher than 81% of the company's own readings over the past five years.
- Revenue over the last four quarters was $34.71B, up 2.9% from a year earlier, accelerating from 0.1% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth58Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 28%
- EPS growth (TTM, YoY)Bottom 34%
- FCF growth (TTM, YoY)Top 14%
- Revenue growth, 3-year CAGRTop 43%
- Revenue growth accelerationTop 36%
Quality81Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 23%
- Gross marginBottom 42%
- Operating marginTop 33%
- Cash conversion (OCF / net income)Top 41%
- Accruals (lower is better)Top 38%
- Net debt / EBITDA (lower is better)Top 36%
- Interest coverTop 20%
Value54Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 34%
- Free-cash-flow yieldTop 35%
- EBITDA / enterprise valueTop 46%
- Sales / enterprise valueBottom 47%
- P/E vs own 5-year history (lower is better)Bottom 27%
Momentum44Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 31%
- 6-month returnBottom 40%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highBottom 43%
- Trend checklist (0–4)Bottom 15%
Revisions42Weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 42%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyBottom 40%
- Upside to consensus price targetTop 30%
Stability77Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 17%
- Maximum drawdown, 3 yearsTop 14%
- Beta vs S&P 500 (lower is better)Bottom 38%
- Net debt / EBITDA (lower is better)Top 36%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 0.1% | 2.9% | ↑ |
| EPS growth (YoY) | -4.2% | -8.0% | ↓ |
| Gross margin | 25.6% | 25.3% | ↓ |
| Operating margin | 12.3% | 11.1% | ↓ |
| FCF margin | 4.9% | 9.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 2.9% | 0.1% | ↑ | Bottom 28% |
| EPS growth (TTM, YoY) | -8.0% | -4.2% | ↓ | Bottom 34% |
| Gross margin | 25.3% | 25.6% | ↓ | Bottom 42% |
| Operating margin | 11.1% | 12.3% | ↓ | Top 33% |
| Net margin | 7.8% | 8.7% | ↓ | — |
| Free-cash-flow margin | 9.7% | 4.9% | ↑ | — |
| Return on invested capital | 10.9% | — | Top 23% | |
| Revenue growth, 3-year CAGR | 6.2% | — | Top 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.71×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +9.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.03×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 12.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.52%
- Net buyback yield (TTM)
- 0.64%
- Shareholder yield
- 2.16%
- Share count change, 1 year
- +0.1%
- Share count change, 3-year CAGR
- -0.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +8.1%
- Average 2-day reaction, last 8
- +1.6%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $778.10
- Target vs current price
- +47.3%
- Analysts with a rating
- 51
- Share rating Buy or Strong Buy
- 53%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | -6.7% | -2.0% | -2.2% | -13.0% | — |
| May 5, 2026 | +9.2% | +2.8% | +7.0% | +2.4% | -3.6% |
| Feb 5, 2026 | +13.9% | -10.7% | -1.1% | -8.2% | +8.6% |
| Nov 6, 2025 | +15.7% | +5.4% | +9.2% | +16.3% | +37.2% |
| Aug 5, 2025 | +22.9% | +3.2% | +7.4% | +9.3% | +14.6% |
| May 5, 2025 | +21.4% | +0.8% | +2.3% | +5.8% | +21.9% |
| Feb 4, 2025 | +9.8% | +4.4% | +7.4% | -0.3% | -15.6% |
| Nov 5, 2024 | +22.1% | +8.9% | +10.1% | +15.4% | +6.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $6.73 | $7.21 | -6.7% | $9.46B |
| May 5, 2026 | $6.15 | $5.63 | +9.2% | $8.40B |
| Feb 5, 2026 | $5.81 | $5.10 | +13.9% | $8.54B |
| Nov 6, 2025 | $5.59 | $4.83 | +15.7% | $8.32B |
| Aug 5, 2025 | $6.43 | $5.23 | +22.9% | $8.64B |
| May 5, 2025 | $5.96 | $4.91 | +21.4% | $8.17B |
| Feb 4, 2025 | $5.16 | $4.70 | +9.8% | $8.45B |
| Nov 5, 2024 | $5.86 | $4.80 | +22.1% | $8.46B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 27.0× | 16.4× | 81th | Top 34% |
| P/E (forward) | 17.9× | — | — | — |
| EV / EBITDA | 15.7× | — | — | Top 46% |
| EV / Sales | 2.25× | — | — | Bottom 47% |
| Free-cash-flow yield | 4.62% | — | — | Top 35% |
| Earnings yield | 3.70% | — | — | Top 34% |
P/E over the past five years
Range 11.1× – 50.3× since Jul 4, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +24.4%
- Earnings per share growth (TTM)
- -8.0%
- Change in P/E multiple
- +85.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.7%
- 200-day average slope (20 days)
- +0.6%
- Distance from 50-day average
- -9.0%
- Distance from 200-day average
- -12.4%
- RSI (14)
- 39.9
- Relative volume
- 0.90×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 27.7%
- Volatility vs own 5-year history
- 59th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.19
- Correlation with S&P 500
- 0.63
- Current drawdown from 1-year high
- -27.4%
- Maximum drawdown, 3 years
- -30.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 15, 2021 | Jun 23, 2022 | -32.6% | 322 days | 435 days (Mar 18, 2024) |
| Feb 19, 2025 | Apr 8, 2025 | -30.8% | 34 days | 84 days (Aug 8, 2025) |
| Jun 25, 2026 | Sep 30, 2026 | -29.0% | 67 days | Not yet recovered |
| Feb 4, 2026 | Mar 30, 2026 | -15.5% | 37 days | 7 days (Apr 9, 2026) |
| Apr 11, 2024 | Jun 14, 2024 | -12.0% | 45 days | 32 days (Aug 1, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $72.90B
- P/E (TTM)
- 27.0
- EPS, diluted (TTM)
- $19.56
- Revenue (TTM)
- $34.71B
- Dividend yield
- 1.55%
- 52-week range
- $400.72 – $737.76
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $24.02B | $28.07B | $34.06B | $34.10B | $33.67B |
| Gross profit | $5.70B | $6.72B | $8.25B | $8.44B | $8.52B |
| Operating income | $2.71B | $2.93B | $1.76B | $3.75B | $3.87B |
| Net income | $2.13B | $2.15B | $735.0M | $3.95B | $2.84B |
| EPS (diluted) | $14.61 | $15.12 | $5.15 | $28.37 | $20.50 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.46B | $8.45B | $8.17B | $8.64B | $8.32B | $8.54B | $8.40B | $9.46B |
| Net income | $809.0M | $418.0M | $824.0M | $890.0M | $536.0M | $593.0M | $654.0M | $932.0M |
| EPS (diluted) | $5.86 | $3.02 | $5.96 | $6.42 | $3.85 | $4.27 | $4.71 | $6.73 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.26B | $1.96B | $3.97B | $1.49B | $3.62B |
| Capital expenditure | -$786.0M | -$916.0M | -$1.21B | -$1.21B | -$1.24B |
| Free cash flow | $1.47B | $1.05B | $2.75B | $279.0M | $2.39B |
| Dividends paid | -$809.0M | -$855.0M | -$921.0M | -$969.0M | -$1.05B |
| Net share buybacks | -$1.35B | -$374.0M | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.92B
- Total assets
- $35.63B
- Total liabilities
- $21.72B
- Total debt
- $8.29B
- Net debt
- $5.11B
- Shareholders’ equity
- $12.85B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 21, 2026 | $2.20 | Sep 3, 2026 |
| May 22, 2026 | $2.00 | Jun 4, 2026 |
| Feb 20, 2026 | $2.00 | Mar 5, 2026 |
| Nov 21, 2025 | $2.00 | Dec 4, 2025 |
| Aug 22, 2025 | $2.00 | Sep 4, 2025 |
| May 23, 2025 | $1.82 | Jun 5, 2025 |
| Feb 21, 2025 | $1.82 | Mar 6, 2025 |
| Nov 22, 2024 | $1.82 | Dec 5, 2024 |
Short interest
- Shares sold short
- 3,630,523
- Days to cover
- 3.17
- Change vs previous report
- +12.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 3, 2008
- 2-for-1
- Apr 10, 2007
- 2-for-1
- Nov 12, 1993
- 2-for-1