Cummins Inc.

CMI

$545.50

-0.98%

2026-09-03 16:00:03 EDT-$5.40

Industrials

Industrial - Machinery

NYSE

Active Trading

Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of ...

Financial Highlights of CMI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

25.3%

Net Margin

7.8%

P/E Ratio

27.76x

n/a

Debt / Equity

0.64

n/a

Current Ratio

1.73

Dividend Yield

1.5%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

25.3%

Net Margin

7.8%

P/E Ratio

27.76x

Debt / Equity

0.64

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	23.7%	23.9%	24.2%	24.7%	25.3%	—
Operating MarginOperating income as a percentage of revenue.	11.3%	10.4%	5.2%	11.0%	11.5%	—
Net MarginNet income as a percentage of revenue.	8.9%	7.7%	2.2%	11.6%	8.4%	—
EBITDA MarginEBITDA divided by revenue.	14.7%	13.5%	8.9%	18.6%	16.0%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	11.5%	10.0%	4.8%	14.4%	11.8%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	1.74	1.27	1.18	1.31	1.76	—
Quick RatioLiquid assets divided by current liabilities.	1.12	0.77	0.74	0.80	1.16	—
Cash RatioCash and equivalents divided by current liabilities.	0.37	0.18	0.17	0.15	0.30	—
Debt / AssetsDebt as a share of total assets.	19.5%	27.6%	22.5%	24.1%	23.9%	—
Debt / EquityDebt compared with shareholder equity.	0.54	0.93	0.81	0.74	0.66	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	6.02x	5.40x	6.10x	6.58x	5.79x	—
Inventory TurnoverHow often inventory is sold in a year.	4.21x	3.81x	4.55x	4.47x	4.32x	—
Payables TurnoverHow often payables are paid in a year.	6.07x	5.02x	6.06x	6.50x	6.62x	—
Asset TurnoverRevenue generated per dollar of assets.	1.01x	0.93x	1.06x	1.08x	0.99x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	4.45x	6.80x	12.79x	11.73x	6.22x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	14.80x	15.94x	46.16x	12.21x	24.76x	—
P/B RatioPrice paid for each dollar of book value.	3.72x	3.82x	3.84x	4.69x	5.70x	—
P/S RatioPrice paid for each dollar of sales.	1.31x	1.22x	1.00x	1.41x	2.09x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	21.46x	32.78x	12.33x	172.68x	29.50x	—
Dividend YieldAnnual dividend divided by current share price.	2.6%	2.5%	2.7%	2.0%	1.5%	—

Supply Chain of CMI

RELATIONS

Upstream

MAHLE GmbHJohnson Matthey plcLSE:JMATBorgWarner Inc.NYSE:BWA Dana IncorporatedNYSE:DANTenneco Inc.Atmus Filtration Technologies Inc.NYSE:ATMUInfineon Technologies AGXTRA:IFXNXP Semiconductors N.V.NASDAQ:NXPIWorld Wide Technology, Inc.Entec Polymers LLCVCST Industrial ProductsNucor CorporationNYSE:NUE Reliance, Inc. (formerly Reliance Steel & Aluminum Co.)NYSE:RS Steel Dynamics, Inc.NASDAQ:STLD

Downstream

PACCAR IncNASDAQ:PCARDaimler Truck Holding AGXTRA:DTGAB Volvo (Volvo Group)STO:VOLV-BStellantis N.V.NYSE:STLANavistar / International Motors (Traton SE)XTRA:8TRAIsuzu Motors LimitedTSE:7202Dongfeng Motor Group Co., Ltd.HKEx:0489JAC Motors (Anhui Jianghuai Automobile Group)Rush Enterprises, Inc.NASDAQ:RUSHA Cummins Distribution Segment (Owned Network)NYSE:CMI Weichai Power Co., Ltd.HKEx:2338

Proxies

PACCAR IncNASDAQ:PCAR BorgWarner Inc.NYSE:BWA Atmus Filtration Technologies Inc.NYSE:ATMU Dana IncorporatedNYSE:DAN Rush Enterprises, Inc.NASDAQ:RUSHA

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