Cummins Inc
Research Cummins Inc (CMI) on Bullrun: valuation model: 9.8% overvalued, market cap USD 72.05B, P/E 26.7, dividend yield 1.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCMI
- ExchangeNYSE
- CountryUnited States
- SectorIndustrials
- IndustrySpecialty Industrial Machinery
- CurrencyUSD
- Valuation signal9.8% overvalued
- Market capUSD 72.05B
- P/E26.7
- Dividend yield1.6%
- Financial periodQ2 2026
- RevenueUSD 9.46B
- Net incomeUSD 932.00M
- Free cash flowUSD 1.25B
- Gross margin26.1%
Valuation Snapshot
Bullrun's latest valuation model marks Cummins Inc as 9.8% overvalued; latest market cap is USD 72.05B; P/E is 26.7; dividend yield is 1.6%.
Peer valuation comparison
Latest P/E is 26.75x versus a Industrials sector median of 21.2x (26.2% above).
Latest dividend yield is 1.55% versus a Industrials sector median of 2.27% (31.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 33.67B | USD 2.96B | USD 2.39B | 25.3% | 20.5 | USD 2.85B | USD 94.00M | USD 12.35B |
| FY2024 | USD 34.10B | USD 4.07B | USD 279.00M | 24.7% | 28.37 | USD 1.67B | USD 660.00M | USD 10.27B |
| FY2023 | USD 34.07B | USD 840.00M | USD 2.75B | 24.2% | 5.15 | USD 2.18B | USD 118.00M | USD 8.85B |
| FY2022 | USD 28.07B | USD 2.18B | USD 1.05B | 23.9% | 15.12 | USD 2.02B | USD 573.00M | USD 8.98B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 72.05B | 26.7 | 1.6% | 8.2 |
| 2025 | 2025-12-31 | USD 70.51B | 24.9 | 1.5% | 7.64 |
| 2024 | 2024-12-31 | USD 47.90B | 12.4 | 2.0% | 7 |
| 2023 | 2023-12-29 | USD 33.96B | 12.2 | 2.7% | 6.5 |
| 2022 | 2022-12-30 | USD 34.17B | 18.1 | 2.5% | 6.04 |
| 2021 | 2021-12-31 | USD 31.08B | 15.0 | 2.6% | 5.6 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 8.2 USD, yield 1.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 7.64 USD |
| FY2024 | 7 USD |
| FY2023 | 6.5 USD |
| FY2022 | 6.04 USD |
About Cummins Inc
Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas-powered engines; and drivetrain systems, including axles, drivelines, brakes, and suspension systems; and on- and off-highway, and other products.
ETFs that hold Cummins Inc
Cummins Inc is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| VanEck Electrification and Power Infrastructure UCITS ETF A USD Acc | 4.64% | 0.55% |
| L&G Hydrogen Economy UCITS ETF-USD Acc | 3.92% | 0.49% |
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Frequently asked questions
Is Cummins Inc overvalued or undervalued?
Bullrun's valuation model currently marks Cummins Inc as 9.8% overvalued.
What is Cummins Inc's market cap?
Cummins Inc's market capitalization is USD 72.05B.
What is Cummins Inc's P/E ratio?
Cummins Inc's price-to-earnings (P/E) ratio is 26.7.
Does Cummins Inc pay a dividend?
Cummins Inc has a dividend yield of 1.6%.
What does Cummins Inc do?
Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas-powered engines; and drivetrain systems, including axles, drivelines, brakes, and suspension systems; and on- and off-highway, and other products.