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Cummins Inc.

CMI Industrials Specialty Industrial Machinery

Cummins Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.7 billion, down 1.27% from fiscal 2024.

Revenue: +13.5%
EPS: +113.7%
Free cash flow: +9.43%
Total debt: −2.27%

Quarter to September 2026, against a year earlier

452.72 4.14 +0.92%

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Market cap: $61.8B
P/E: 18.6×
Fwd P/E: 17.8×
Dividend yield: 1.83%
F-score: 6/9
Altman Z: 4.62
Beneish M: −2.48
Dividend safety: 82/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	16.92	29.76	10.09	12.36	18.82	14.82	15.85	46.29	12.30	24.76
Piotroski F-Score Full definition →	5	6	7	7	5	7	5	6	7	6
P/S ratio Full definition →	1.35	1.44	0.91	1.18	1.70	1.31	1.21	1.00	1.41	2.09
Altman Z-Score Full definition →	4.65	4.44	4.10	4.34	3.94	3.93	3.21	3.03	3.96	4.62
Altman Z″-Score (non-manufacturers) Full definition →	5.68	4.98	5.18	5.13	5.20	5.16	3.76	3.13	4.27	5.06
P/FCF ratio Full definition →	16.62	15.69	12.99	11.21	15.34	20.72	32.61	12.41	172.68	29.50
Beneish M-Score Full definition →	(2.58)	(2.55)	(2.45)	(2.70)	(2.65)	(2.39)	(2.17)	(2.91)	(2.15)	(2.48)
P/Operating CF Full definition →	37.81	36.62	21.90	33.19	29.47	43.09	41.75	23.42	33.88	45.89
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	82
P/B ratio Full definition →	3.29	3.62	2.62	3.29	3.74	3.49	3.42	3.45	4.26	5.25
Price to Tangible BV Full definition →	3.71	4.83	3.48	4.50	5.00	4.61	6.91	6.99	7.31	7.81
EV/Sales Full definition →	1.36	1.45	0.92	1.19	1.69	1.33	1.30	1.07	1.51	2.19
EV/EBITDA Full definition →	9.90	10.15	6.42	8.29	11.38	9.50	9.86	13.05	10.67	14.36
EV/Operating CF Full definition →	12.30	13.00	9.16	8.79	12.29	14.18	18.66	9.17	34.54	20.34
EV/FCF Full definition →	16.77	15.74	13.06	11.26	15.25	21.02	35.00	13.21	184.07	30.88
Quick Ratio Full definition →	1.02	0.91	0.84	0.82	1.21	1.01	0.68	0.65	0.66	0.98
Current Ratio Full definition →	1.78	1.57	1.54	1.50	1.88	1.74	1.27	1.18	1.31	1.76
Net Debt/EBITDA Full definition →	0.09	0.03	0.03	0.04	(0.06)	0.13	0.67	0.78	0.66	0.64
Debt/Assets Full definition →	10.68%	9.13%	8.61%	8.14%	16.23%	15.34%	16.74%	15.37%	17.26%	20.26%
Debt/Equity Full definition →	0.22	0.20	0.20	0.19	0.41	0.40	0.51	0.50	0.48	0.51
Asset Turnover Full definition →	1.16	1.23	1.28	1.22	0.94	1.04	1.04	1.09	1.07	1.03
Operating CF/Net income Full definition →	1.39	2.28	1.11	1.41	1.52	1.06	0.91	5.40	0.38	1.27
Capex/Depreciation Full definition →	(0.98)	(0.68)	(1.16)	(1.04)	(0.78)	(1.11)	(1.17)	(1.18)	(1.13)	(1.12)
Interest Coverage Full definition →	27.25	28.81	24.44	24.77	22.69	24.38	14.72	4.70	10.14	12.23
ROE Full definition →	18.68%	13.03%	26.07%	27.03%	20.50%	23.65%	22.64%	7.40%	37.21%	23.01%
ROA Full definition →	9.25%	6.04%	11.53%	11.65%	8.45%	9.20%	7.97%	2.36%	12.42%	8.68%
ROIC Full definition →	15.88%	17.69%	20.79%	19.62%	16.12%	17.83%	14.69%	9.11%	16.18%	15.08%
Return on Tangible Assets Full definition →	19.41%	13.92%	28.43%	30.66%	18.22%	22.09%	25.15%	8.60%	39.96%	19.92%
Average Days of Receivables Full definition →	63.06	64.65	59.36	56.83	70.38	60.63	67.63	59.82	55.45	63.07
Research and Development Expense of Revenue Full definition →	3.64%	3.69%	3.79%	4.25%	4.57%	4.54%	4.55%	4.40%	4.29%	4.15%
Selling, General and Administrative Expense of Revenue Full definition →	11.99%	11.89%	10.25%	10.41%	10.73%	9.88%	9.57%	9.78%	9.60%	9.28%
Intangible Assets out of Total Assets Full definition →	0.05	0.11	0.11	0.12	0.10	0.09	0.17	0.16	0.15	0.13
Share Based Compensation of Revenue Full definition →	0.18%	0.20%	0.22%	0.21%	0.16%	0.15%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(0.01)	(0.03)	(0.05)	(0.07)	(0.05)	(0.07)	(0.17)	(0.20)	(0.11)	(0.05)
Graham Number Full definition →	88.81	80.97	123.16	133.22	128.34	143.86	155.26	90.52	228.42	212.39
Earnings Yield Full definition →	5.91%	3.36%	9.91%	8.09%	5.31%	6.75%	6.31%	2.16%	8.13%	4.04%
Free Cash Flow Yield Full definition →	6.02%	6.37%	7.70%	8.92%	6.52%	4.83%	3.07%	8.06%	0.58%	3.39%
Revenue per Share Full definition →	103.58	122.54	146.55	151.68	133.68	166.12	198.40	240.40	246.76	244.16
Operating CF per Share Full definition →	11.47	13.66	14.66	20.47	18.37	15.60	13.87	27.99	10.76	26.26
Capex per Share Full definition →	(3.06)	(2.38)	(4.37)	(4.50)	(3.56)	(5.08)	(6.47)	(8.56)	(8.74)	(8.96)
Free Cash Flow per Share Full definition →	8.41	11.28	10.29	15.97	14.80	10.53	7.39	19.43	2.02	17.30
Cash per Share Full definition →	8.16	9.40	9.40	9.46	26.06	22.04	18.18	19.34	16.38	26.17
Shareholders Equity per Share Full definition →	42.44	48.97	50.92	54.47	60.65	62.48	70.44	69.89	81.82	97.23
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	42.44	48.97	50.92	54.47	60.65	62.48	70.44	69.89	81.82	97.23
Free Cash Flow Full definition →	1,422.00	1,881.00	1,669.00	2,481.00	2,194.00	1,522.00	1,046.00	2,753.00	279.00	2,386.00
Working Capital Full definition →	3,382.00	3,251.00	3,434.00	3,127.00	5,562.00	5,225.00	3,030.00	2,295.00	3,518.00	7,315.00
Capital Expenditures Full definition →	(517.00)	(396.00)	(709.00)	(700.00)	(528.00)	(734.00)	(916.00)	(1,213.00)	(1,208.00)	(1,235.00)
Net Current Asset Value Full definition →	(130.00)	(983.00)	(985.00)	(1,885.00)	(1,738.00)	(2,366.00)	(5,881.00)	(6,903.00)	(5,480.00)	(3,659.00)
EV/EBIT Full definition →	12.69	12.68	7.82	10.35	14.75	11.82	12.50	20.64	13.70	18.30
Capex to Sales Full definition →	0.03	0.02	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04
Price to Operating Income Full definition →	12.57	12.65	7.78	10.30	14.83	11.66	11.64	19.41	12.85	17.49
Other line items
Depreciation/Fixed assets Full definition →	0.14	0.15	0.15	0.16	0.16	0.15	0.14	0.16	0.17	0.16
Cash ROIC Full definition →	14.00%	16.53%	14.61%	21.50%	13.28%	9.60%	5.94%	15.67%	1.47%	9.98%
Accounts Receivable Turnover Full definition →	5.99	6.15	6.35	6.26	5.29	6.15	6.11	6.32	6.34	6.12
Accounts Payable Turnover Full definition →	7.33	6.92	6.68	6.57	5.57	6.28	5.87	6.07	6.25	6.49
Inventory Turnover Full definition →	4.85	5.25	5.21	4.86	4.32	4.71	4.29	4.58	4.49	4.35
Average Days of Payables Full definition →	51.85	61.41	57.12	52.58	69.00	60.17	72.68	60.23	56.19	55.14
Days of Inventory on Hand Full definition →	74.81	75.39	76.08	72.33	83.81	86.74	95.77	80.26	81.67	84.48
Average Receivables Full definition →	2,922.50	3,321.50	3,742.00	3,768.00	3,745.00	3,905.00	4,596.00	5,392.50	5,382.00	5,499.50
Average Payables Full definition →	1,780.00	2,216.50	2,700.50	2,678.00	2,677.00	2,920.50	3,636.50	4,256.00	4,105.50	3,875.50
Average Inventory Full definition →	2,691.00	2,920.50	3,462.50	3,622.50	3,455.50	3,890.00	4,979.00	5,640.00	5,709.50	5,782.00
Average Assets Full definition →	15,072.50	16,543.00	18,568.50	19,399.50	21,180.50	23,167.00	27,004.50	31,152.00	31,772.50	32,766.00
Average Common Equity Full definition →	7,462.00	7,669.00	8,211.50	8,362.00	8,727.00	9,012.00	9,501.00	9,935.50	10,606.00	12,358.00

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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