Inside the research

Cummins Inc.

CMI Research profile · latest available data

Price overview

$525.06

▲ +3.99 (+0.8%)

52w hi$724.89
52w lo$402.10
Vol812.00K
As of25 Sep 2026

The Verdict

Hold

Our score -0.37

Short-0.45
Medium-0.42
Long-0.09

computed 2026-09-27

Key fundamentals

Cummins Inc.

Industrials · Specialty Industrial Machinery

Market cap$72.28B
Enterprise value$77.70B
Trailing P/E26.82x
Forward P/E15.16x
EV / EBITDA15.48x
P / S (ttm)2.09x
Profit margin7.8%
Return on equity21.1%
Revenue growth+9.4%
Earnings growth+4.7%
Debt / equity59.59

Layer Breakdown

LayerRawContribution
Fundamental+0.26
Sector-0.01
Technical-0.37
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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. The company also provides aftertreatment technology and solutions comprising custom engineering systems and integrated controls, oxidation catalysts, particulate filters, and selective catalytic reduction systems, as well as engineered components, including dosers; turbochargers, fuel systems, and valvetrain technologies; electronic control modules, sensors, and supporting software; and automated manual transmissions, and automatic transmissions for internal combustion engines. In addition, it sells and offers support services power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines; offers application engineering services, custom-designed assemblies, and in-shop and field-based repair services; and retail and wholesale aftermarket parts. Further, the company offers standby and prime power generators, controls, paralleling systems, and transfer switches; turnkey solutions for distributed generation and energy management applications using natural gas, diesel, battery energy storage systems, and newer alternative sustainable fuels; diesel and natural gas high-speed, high-horsepower engines; and A/C generator/alternator products. Additionally, it provides electrified power systems, including batteries, fuel cells, and electric powertrain technologies. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

United States · www.cummins.com

Risk Metrics

Beta vs SPX1.33
Corr SPX0.64
Annual vol33.5%
Annual ret+32.2%
Sharpe0.96
Max DD-30.8%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$703.31
High / Low$815.00 / $520.00
Median$712.50
Analysts20
Strong Buy4
Buy9
Hold9
Sell0
Strong Sell1

Recent rating actions

2026-05-07Barclays→ Overweight
2026-05-06Wells Fargo→ Overweight
2026-05-06Morgan Stanley→ Overweight
2026-05-06JP Morgan→ Neutral
2026-05-06Citigroup→ Buy
2026-04-20Truist Securities→ Buy

Officers & Board

FounderClessie Cummins current

Material Events

DateEvent8-K
2026-08-04Earnings Release, Exhibitsread
2026-05-14Shareholder Voteread
2026-05-05Earnings Release, Exhibitsread
2026-02-05Earnings Release, Exhibitsread
2025-11-06Earnings Release, Exhibitsread
2025-08-05Earnings Release, Exhibitsread
2025-07-14Officer / Director Change, Exhibitsread
2025-06-02Material Agreement, Material Obligation…read
2025-05-15Shareholder Voteread
2025-05-09Material Obligation, Other Material Event…read
2025-05-07Other Material Event, Exhibitsread
2025-05-05Earnings Release, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders9
Top-5 share95.8%
HHI3,294 (concentrated)

Top Holders

HolderValueShares
State Street Corp$4.93B6.91M
Fidelity / FMR LLC$4.34B6.09M
AQR Capital Management$884.76M1.26M
Capital Research / Capital World$598.45M839.09K
Norges Bank (Norway sovereign)$382.90M536.87K
Citadel Advisors$242.27M339.68K
Millennium Management$233.53M327.44K
Bridgewater Associates$15.20M21.32K
T. Rowe Price Group$165.57K232.14K

As of 2026-06-30

Connections

Subsidiarys: WPRT, Brammo

Suppliers: Supplier Co

Customers: DEZD.XC, F, PCAR, Daimler Trucks AG, 600418.SS, KMTUY, DXC, 000528.SZ

Dividends

Yield (TTM)0.76%
$ / share (TTM)$4.00
5y CAGR+7.7%

Annual dividend per share

2021$5.60
2022$6.04
2023$6.50
2024$7.00
2025$7.64
2026$2.00

SEC Filings

DateFormDoc
2026-08-0410-Qview
2026-08-048-Kview
2026-05-2211-Kview
2026-05-194view
2026-05-144view
2026-05-144view
2026-05-144view
2026-05-148-Kview
2026-05-134view
2026-05-134view
2026-05-134view
2026-05-134view
2026-05-134view
2026-05-134view
2026-05-134view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$34.06B+7.4%
Gross profit$8.44B+7.8%
Operating income$4.03B+11.7%
Net income$1.04B+37.7%
Cash from ops$3.62B+11.1%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$525.20$529.47$520.00$525.06812.00K
Sep 24$519.94$524.08$515.25$521.071.19M
Sep 23$520.77$525.13$514.37$524.651.42M
Sep 22$531.00$532.29$520.97$526.131.08M
Sep 21$539.94$539.99$527.27$534.781.02M

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