Cummins (CMI) Financials: Revenue & Earnings

CMI price $527.97 -2.64 -0.50%

Ticker
CMI
Price
$527.97
Change
-2.64 -0.50%
Market cap ?
$72.68B
P/E ?
26.57
Forward P/E ?
17.94
Dividend yield ?
1.57%
Beta ?
1.24
Sector
Industrials
Industry
Industrial - Machinery
Stocklytics score
56
Value
57
Quality
54
Growth
57

Stocklytics score rationale: value 57, quality 54, growth 57.

Financials

2016201720182019202020212022202320242025
17509000000204280000002377100000023571000000198110000002402100000028074000000340650000003410200000033670000000

Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company's extensive engine…

Fair value

CMI fair value $452.87. Price $527.97. Price is 17% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 70% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 3.37B. Growth 13.99%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.11% (beta 1.2). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 137.66M. Net debt 5.27B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare CMI

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—8.21—9.87B
2026-08-046.737.219.46B9.33B
2026-05-056.155.638.40B8.37B
2026-02-055.815.108.54B8.11B
2025-11-065.594.838.32B7.99B
2025-08-056.435.238.64B8.43B
2025-05-055.964.918.17B8.18B
2025-02-045.164.708.45B8.07B
2024-11-055.864.808.46B8.29B
2024-08-015.264.818.80B8.33B
2024-05-025.105.098.40B8.45B
2024-02-064.144.458.54B8.10B
2023-11-024.594.688.43B8.21B
2023-08-035.055.298.64B8.37B
2023-05-025.554.758.45B8.10B
2023-02-064.434.507.77B7.29B
2022-11-032.824.857.33B6.58B
2022-08-024.944.356.59B6.48B
2022-05-034.043.556.38B6.02B
2022-02-032.853.155.85B5.79B
2021-11-023.693.915.97B5.98B
2021-08-034.154.066.11B6.00B
2021-05-044.043.466.09B5.38B
2021-02-043.362.805.83B4.66B
2020-10-273.572.435.12B861.73M
2020-07-281.950.933.85B3.11B
2020-04-283.182.185.01B3.42B
2020-02-042.562.425.58B5.27B
2019-10-293.883.835.77B5.77B
2019-07-304.274.406.22B6.42B
2019-04-303.973.576.00B5.10B
2019-02-063.483.816.13B6.71B
2018-10-304.053.765.94B5.52B
2018-07-313.293.636.13B6.77B
2018-05-013.302.915.57B6.72B
2018-02-063.032.655.48B4.83B
2017-10-312.712.465.29B4.80B
2017-08-012.532.585.08B5.18B
2017-05-022.361.814.59B3.52B
2017-02-092.251.994.50B3.98B

Dividends

Yield 1.55%. Payout ratio 40.70%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 41% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 43 separate years. Yield is 1.6%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-20$2.202026-11-202026-12-03Quarterly
2026-08-21$2.202026-08-212026-09-03Quarterly
2026-05-22$2.002026-05-222026-06-04Quarterly
2026-02-20$2.002026-02-202026-03-05Quarterly
2025-11-21$2.002025-11-212025-12-04Quarterly
2025-08-22$2.002025-08-222025-09-04Quarterly
2025-05-23$1.822025-05-232025-06-05Quarterly
2025-02-21$1.822025-02-212025-03-06Quarterly
2024-11-22$1.822024-11-222024-12-05Quarterly
2024-08-23$1.822024-08-232024-09-05Quarterly
2024-05-23$1.682024-05-242024-06-06Quarterly
2024-02-22$1.682024-02-232024-03-07Quarterly
2023-11-22$1.682023-11-242023-12-07Quarterly
2023-08-24$1.682023-08-252023-09-07Quarterly
2023-05-18$1.572023-05-192023-06-01Quarterly
2023-02-23$1.572023-02-242023-03-09Quarterly
2022-11-17$1.572022-11-182022-12-01Quarterly
2022-08-18$1.572022-08-192022-09-01Quarterly
2022-05-19$1.452022-05-202022-06-02Quarterly
2022-02-17$1.452022-02-182022-03-03Quarterly
2021-11-18$1.452021-11-192021-12-02Quarterly
2021-08-19$1.452021-08-202021-09-02Quarterly
2021-05-20$1.352021-05-212021-06-03Quarterly
2021-02-18$1.352021-02-192021-03-04Quarterly
2020-11-19$1.352020-11-202020-12-03Quarterly
2020-08-20$1.312020-08-212020-09-03Quarterly
2020-05-21$1.312020-05-222020-06-04Quarterly
2020-02-20$1.312020-02-212020-03-05Quarterly
2019-11-13$1.312019-11-142019-12-02Quarterly
2019-08-20$1.312019-08-212019-09-03Quarterly
2019-05-23$1.142019-05-242019-06-05Quarterly
2019-02-21$1.142019-02-222019-03-07Quarterly
2018-11-14$1.142018-11-152018-12-03Quarterly
2018-08-21$1.142018-08-222018-09-04Quarterly
2018-05-17$1.082018-05-182018-06-01Quarterly
2018-02-22$1.082018-02-232018-03-08Quarterly
2017-11-16$1.082017-11-172017-12-01Quarterly
2017-08-16$1.082017-08-182017-09-01Quarterly
2017-05-17$1.022017-05-192017-06-01Quarterly
2017-02-22$1.022017-02-242017-03-06Quarterly
2016-11-17$1.022016-11-212016-12-01Quarterly
2016-08-18$1.022016-08-222016-09-01Quarterly
2016-05-18$0.972016-05-202016-06-01Quarterly
2016-02-17$0.972016-02-192016-03-01Quarterly
2015-11-18$0.972015-11-202015-12-01Quarterly
2015-08-19$0.972015-08-212015-09-01Quarterly
2015-05-19$0.782015-05-212015-06-01Quarterly
2015-02-13$0.782015-02-182015-03-02Quarterly
2014-11-18$0.782014-11-202014-12-01Quarterly
2014-08-20$0.782014-08-222014-09-02Quarterly
2014-05-21$0.622014-05-232014-06-02Quarterly
2014-02-19$0.622014-02-212014-03-03Quarterly
2013-11-19$0.622013-11-212013-12-02Quarterly
2013-08-20$0.622013-08-222013-09-03Quarterly
2013-05-22$0.502013-05-242013-06-03Quarterly
2013-02-20$0.502013-02-222013-03-01Quarterly
2012-11-20$0.502012-11-232012-12-03Quarterly
2012-08-20$0.502012-08-222012-09-01Quarterly
2012-05-16$0.402012-05-182012-06-01Quarterly
2012-02-22$0.402012-02-242012-03-01Quarterly
2011-11-17$0.402011-11-212011-12-01Quarterly
2011-08-18$0.402011-08-222011-09-01Quarterly
2011-05-18$0.262011-05-202011-06-01Quarterly
2011-02-16$0.262011-02-182011-03-01Quarterly
2010-11-18$0.262010-11-222010-12-01Quarterly
2010-08-19$0.262010-08-232010-09-01Quarterly
2010-05-19$0.172010-05-212010-06-01Quarterly
2010-02-17$0.172010-02-192010-03-01Quarterly
2009-11-18$0.172009-11-202009-12-01Quarterly
2009-08-19$0.172009-08-212009-09-01Quarterly
2009-05-20$0.172009-05-222009-06-01Quarterly
2009-02-18$0.172009-02-202009-03-02Quarterly
2008-11-19$0.172008-11-212008-12-01Quarterly
2008-08-20$0.172008-08-222008-09-02Quarterly
2008-05-21$0.122008-05-232008-06-02Quarterly
2008-02-20$0.122008-02-222008-03-03Quarterly
2007-11-14$0.122007-11-162007-11-30Quarterly
2007-08-15$0.122007-08-172007-08-31Quarterly
2007-05-16$0.092007-05-182007-06-01Quarterly
2007-02-14$0.092007-02-162007-03-01Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-24Newsome EarlSell698$572.22399.41K
2026-05-19Merritt Brett MichaelSell218——
2026-05-14JACKSON DONALD GSell90$712.7064.14K
2026-05-14JACKSON DONALD GSell160$711.61113.86K
2026-05-14JACKSON DONALD GSell480$710.36340.97K
2026-05-13Fetch Bonnie JSell155——
2026-05-13Stoner Nathan RSell600——
2026-05-12Belske Gary LBuy306——
2026-05-12Di Leo Allen Bruno VBuy306——
2026-05-12Fisher Daniel WilliamBuy306——
2026-05-12Harris Carla ABuy306——
2026-05-12LYNCH THOMAS JBuy306——
2026-05-12MILLER WILLIAM IBuy306——
2026-05-12Nelson Kimberly ABuy306——
2026-05-12Quintos Karen HBuy306——
2026-05-12Stone John HBuy306——
2026-05-12Tsien MatthewBuy306——
2026-05-12Bush Jennifer MarySell40$699.1027.96K
2026-05-12Bush Jennifer MarySell480$698.38335.22K
2026-05-12Bush Jennifer MarySell583$696.26405.92K
2026-05-12Bush Jennifer MarySell940$694.13652.48K
2026-05-12Bush Jennifer MarySell1.16K$695.21805.05K
2026-05-12Bush Jennifer MarySell1.80K$697.291.25M
2026-05-11Fetch Bonnie JSell643$702.66451.69K
2026-05-11Boakye MarvinSell150——
2026-05-11Merritt Brett MichaelSell701$688.75483.15K
2026-05-11Fetch Bonnie JSell652$700.19456.52K
2026-05-11Stoner Nathan RSell607$694.06421.29K
2026-05-08Boakye MarvinSell240$682.62163.83K
2026-05-08Boakye MarvinSell360$681.40245.30K
2026-05-08Boakye MarvinSell769$679.32522.40K
2026-05-08Boakye MarvinSell1.00K$680.63680.63K
2026-05-08Boakye MarvinSell1.11K$678.57754.57K
2026-05-08Lamb-Hale NicoleSell280$685.63191.98K
2026-05-08Lamb-Hale NicoleSell947$686.48650.10K
2026-05-08Lamb-Hale NicoleSell1.18K$684.35808.22K
2026-04-01Lamb-Hale NicoleBuy290——
2026-03-03Davis Amy RochelleSell120$565.9267.91K
2026-03-03Davis Amy RochelleSell160$564.3090.29K
2026-03-03Davis Amy RochelleSell400$563.25225.30K
2026-03-03Davis Amy RochelleSell631$562.09354.68K
2026-03-03Davis Amy RochelleSell1.05K$561.39588.89K
2026-03-03Davis Amy RochelleSell1.69K$559.99948.62K
2026-03-01Stoner Nathan RBuy4.48K——
2026-03-01Stoner Nathan RSell2.02K$583.871.18M
2026-03-01Smith Mark AndrewBuy14.13K——
2026-03-01Smith Mark AndrewSell5.88K$583.873.43M
2026-03-01RUMSEY JENNIFERBuy44.74K——
2026-03-01RUMSEY JENNIFERSell19.45K$583.8711.36M
2026-03-01JACKSON DONALD GBuy2.83K——
2026-03-01JACKSON DONALD GSell1.00K$583.87583.87K
2026-03-01Bush Jennifer MaryBuy5.65K——
2026-03-01Bush Jennifer MarySell2.50K$583.871.46M
2026-03-01Merritt Brett MichaelBuy2.83K——
2026-03-01Merritt Brett MichaelSell998$583.87582.70K
2026-03-01Wood Jonathan DavidBuy1.89K——
2026-03-01Wood Jonathan DavidSell888$583.87518.48K
2026-03-01Fetch Bonnie JBuy3.30K——
2026-03-01Fetch Bonnie JSell1.30K$583.87757.28K
2026-03-01Newsome EarlBuy2.83K——
2026-03-01Newsome EarlSell1.04K$583.87609.56K
2026-03-01Lamb-Hale NicoleBuy7.06K——
2026-03-01Lamb-Hale NicoleSell2.88K$583.871.68M
2026-03-01Wiltrout Jeffrey TBuy3.06K——
2026-03-01Wiltrout Jeffrey TSell1.10K$583.87641.09K
2026-03-01Enright RobertBuy1.06K——
2026-03-01Enright RobertSell313$583.87182.75K
2026-03-01Wright Benjamin G.Buy1.65K——
2026-03-01Wright Benjamin G.Sell559$583.87326.38K
2026-03-01Gaidoo John OBuy352——
2026-03-01Gaidoo John OSell130$583.8775.90K
2026-03-01Gaidoo John OBuy1.30K——
2026-03-01Gaidoo John OSell380$583.87221.87K
2026-03-01Boakye MarvinBuy7.06K——
2026-03-01Boakye MarvinSell2.73K$583.871.60M
2026-03-01Davis Amy RochelleBuy5.18K——
2026-03-01Davis Amy RochelleSell883$583.87515.56K
2026-03-01Davis Amy RochelleSell2.26K$583.871.32M
2026-03-01Peters Luther EBuy1.89K——
2026-03-01Peters Luther ESell579$583.87338.06K
2026-02-24Fetch Bonnie JSell948$600.48569.23K
2026-02-24JACKSON DONALD GBuy1.60K$142.12227.39K
2026-02-24JACKSON DONALD GSell1.60K$600.13960.20K
2026-02-24JACKSON DONALD GSell1.60K$142.12227.39K
2026-02-23Davis Amy RochelleSell80$588.3747.07K
2026-02-23Davis Amy RochelleSell160$585.1193.62K
2026-02-23Davis Amy RochelleSell591$587.29347.09K
2026-02-23Davis Amy RochelleSell1.03K$586.38605.73K
2026-02-23Newsome EarlSell217$584.43126.82K
2026-02-23Newsome EarlSell1.08K$583.52631.95K
2026-02-19Wright Benjamin G.Buy553——
2026-02-19Wright Benjamin G.Sell172$596.91102.67K
2026-02-19Bush Jennifer MarySell1.29K$596.91768.82K
2026-02-19Fetch Bonnie JBuy2.08K——
2026-02-19Fetch Bonnie JSell903$596.91539.01K
2026-02-19Davis Amy RochelleSell1.05K$596.91624.96K
2026-02-13Gaidoo John OBuy290$109.0931.64K
2026-02-13Gaidoo John OSell132$601.0179.33K
2026-02-13Gaidoo John OSell290$109.0931.64K
2026-02-11MILLER WILLIAM ISell40$598.0723.92K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 2.17K, holders +148 vs prior quarter. Ownership 85.89%.

HolderSharesChangeChange %Value
BLACKROCK, INC.11.50M-332.26K-2.81%8.20B
VANGUARD CAPITAL MANAGEMENT LLC9.01M34.39K+0.38%6.43B
VANGUARD PORTFOLIO MANAGEMENT LLC7.53M36.98K+0.49%5.37B
STATE STREET CORP6.91M101.18K+1.49%4.93B
FMR LLC6.09M657.63K+12.11%4.34B
FISHER ASSET MANAGEMENT, LLC3.60M98.30K+2.81%2.56B
GEODE CAPITAL MANAGEMENT, LLC3.23M-516.94K-13.80%2.29B
MORGAN STANLEY3.11M41.44K+1.35%2.22B
BANK OF AMERICA CORP /DE/1.97M217.42K+12.37%1.41B
NORGES BANK1.78M1.78MNew1.27B
NORTHERN TRUST CORP1.77M50.74K+2.95%1.26B
RAYMOND JAMES FINANCIAL INC1.50M8.80K+0.59%1.07B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC1.50M-79.82K-5.05%1.07B
BANK OF NEW YORK MELLON CORP1.36M386.12K+39.46%973.20M
AQR CAPITAL MANAGEMENT LLC1.26M295.66K+30.58%884.76M
DIMENSIONAL FUND ADVISORS LP1.24M-157.40K-11.26%884.32M
NUVEEN, LLC1.10M392.56K+55.17%787.45M
GOLDMAN SACHS GROUP INC1.02M135.83K+15.33%728.89M
ROYAL BANK OF CANADA967.07K-118.98K-10.96%689.72M
ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V.964.67K508.56K+111.50%688.02M
LEGAL & GENERAL GROUP PLC934.70K-70.05K-6.97%666.64M
BOSTON PARTNERS920.84K-144.10K-13.53%654.56M
JPMORGAN CHASE & CO929.33K263.98K+39.68%642.25M
INVESCO LTD.894.16K-37.22K-4.00%637.73M
AMUNDI893.77K147.09K+19.70%637.45M

Earnings and financials

Cummins Inc. (CMI) trades at $527.97, with a market cap of $72.68B and a trailing P/E of 26.57. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
17509000000204280000002377100000023571000000198110000002402100000028074000000340650000003410200000033670000000

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Cummins (CMI) Financials: Revenue & Earnings

CMI$527.97-2.64 -0.50%

$72.68B

Market Cap

26.57

P/E

17.94

Forward P/E

56

Score

Price History