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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. In the quarter to June 2026, revenue grew 9.42%, EPS grew 4.64%, free cash flow grew 125.6% and total debt fell 7.19%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

531.33 1.40 −0.26%
Market cap
$73.3B
P/E
27.0×
Fwd P/E
23.2×
Dividend yield
1.54%
F-score
6/9
Altman Z
4.62
Beneish M
−2.48
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Cummins Inc. (CMI) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Cummins Inc. (CMI) trades at a EV/EBITDA of 15.2×. Over the past ten years it has ranged from 4.8× (March 2020) to 21.0× (June 2026); the current reading is higher than 88% of that period. That is in line with the Specialty Industrial Machinery industry median of 15.4× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.4× 34.64%
FY2024 10.7× (18.29%)
FY2023 13.1× 32.41%
FY2022 9.9× 3.78%
FY2021 9.5× (16.49%)
FY2020 11.4× 37.25%
FY2019 8.3× 29.19%
FY2018 6.4× (36.78%)
FY2017 10.1× 2.53%
FY2016 9.9× 64.46%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 20.2× 28.28%
Mar 2026 15.8× 9.71%
Dec 2025 14.4× 16.60%
Sep 2025 12.3× 30.11%
42 more quarters

Against its own ten years

Low 4.8× High 21.0×
Ten-year median 9.6×
Current reading's percentile 88

EV/EBITDA against peers

Company EV/EBITDA
OTIS Otis Worldwide Corporation compare 14.2×
CMI Cummins Inc. 15.2×
EMR Emerson Electric Co. compare 16.4×
IR Ingersoll Rand Inc. compare 17.1×
ITW Illinois Tool Works Inc. compare 18.2×
PH Parker-Hannifin Corporation compare 23.0×
AME AMETEK, Inc. compare 23.8×
ROK Rockwell Automation, Inc. compare 24.7×
ETN Eaton Corporation, PLC compare 26.1×
Specialty Industrial Machinery industry median 15.4×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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