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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

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26 From the 10-Q filed 5 Nov
P/E ratio Full definition →	+8 more quarters Free account	24.76	27.79	36.28	21.46
P/S ratio Full definition →		2.09	2.20	2.83	1.98
P/FCF ratio Full definition →		29.50	27.86	29.21	20.52
P/Operating CF Full definition →		45.89	240.80	65.61	50.55
P/B ratio Full definition →		5.25	5.56	7.07	4.95
Price to Tangible BV Full definition →		7.81	8.30	10.34	7.02
EV/Sales Full definition →		2.19	2.30	2.92	2.06
EV/EBITDA Full definition →		14.36	15.75	20.21	13.11
EV/Operating CF Full definition →		20.34	19.86	21.80	15.51
EV/FCF Full definition →		30.88	29.24	30.09	21.27
Quick Ratio Full definition →		0.98	0.96	0.98	0.97
Current Ratio Full definition →		1.76	1.71	1.73	1.74
Net Debt/EBITDA Full definition →		3.00	3.01	1.90	1.50
Debt/Assets Full definition →		20.26%	19.99%	19.33%	18.55%
Debt/Equity Full definition →		0.51	0.52	0.50	0.47
Asset Turnover Full definition →		1.03	1.01	0.99	1.02
Operating CF/Net income Full definition →		2.59	0.47	1.61	1.23
Capex/Depreciation Full definition →		(1.94)	(0.67)	(0.89)	(1.05)
Interest Coverage Full definition →		9.91	12.49	15.99	—
Research and Development Expense of Revenue Full definition →		4.10%	4.26%	4.07%	4.24%
Selling, General and Administrative Expense of Revenue Full definition →		9.21%	10.06%	9.44%	9.20%
Intangible Assets out of Total Assets Full definition →		0.13	0.13	0.12	0.12
Share Based Compensation of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →		(0.05)	(0.05)	(0.03)	(0.04)
Graham Number Full definition →		212.39	205.23	211.20	237.71
Earnings Yield Full definition →		4.04%	3.60%	2.76%	4.66%
Free Cash Flow Yield Full definition →		3.39%	3.59%	3.42%	4.87%
Revenue per Share Full definition →		61.90	60.72	68.58	68.64
Operating CF per Share Full definition →		11.12	2.23	10.87	10.22
Capex per Share Full definition →		(3.94)	(1.37)	(1.81)	(2.20)
Free Cash Flow per Share Full definition →		7.18	0.87	9.06	8.01
Cash per Share Full definition →		26.17	23.01	28.46	30.44
Shareholders Equity per Share Full definition →		97.23	96.69	100.84	104.33
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		97.23	96.69	100.84	104.33
Free Cash Flow Full definition →		990.00	120.00	1,250.00	1,102.00
Working Capital Full definition →		7,315.00	7,212.00	7,761.00	8,243.00
Capital Expenditures Full definition →		(544.00)	(189.00)	(249.00)	(303.00)
Net Current Asset Value Full definition →		(3,659.00)	(3,694.00)	(3,290.00)	(2,865.00)
EV/EBIT Full definition →		18.30	20.34	26.03	16.42
Capex to Sales Full definition →		0.06	0.02	0.03	0.03
Price to Operating Income Full definition →		17.49	19.38	25.26	15.84
Other line items
Average Receivables Full definition →		5,499.50	6,104.00	6,229.50	6,139.00
Average Payables Full definition →		3,875.50	4,372.00	4,402.50	4,349.00
Average Inventory Full definition →		5,782.00	6,124.50	6,342.00	6,533.50
Average Assets Full definition →		32,766.00	33,488.00	34,944.50	35,112.00
Average Common Equity Full definition →		12,358.00	12,671.50	13,389.50	13,722.00

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Columns are period end dates · fundamentals updated 5 Nov 2026

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