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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

447.01 24.83 −5.26%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Cummins Inc. (CMI) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Cummins Inc. (CMI) trades at a EV/FCF of 18.5×. Over the past ten years it has ranged from 6.5× (March 2020) to 7,089× (May 2025); the current reading is higher than 64% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 30.9× (83.23%)
FY2024 184× 1,293.94%
FY2023 13.2× (62.27%)
FY2022 35.0× 66.48%
FY2021 21.0× 37.81%
FY2020 15.3× 35.41%
FY2019 11.3× (13.73%)
FY2018 13.1× (17.02%)
FY2017 15.7× (6.19%)
FY2016 16.8× 45.92%

Quarterly newest first

Period EV/FCF Change
Sep 2026 21.3× (29.32%)
Jun 2026 30.1× 2.89%
Mar 2026 29.2× (5.28%)
Dec 2025 30.9× 13.31%
43 more quarters

Against its own ten years

Low 6.5× High 7,089×
Ten-year median 17.0×
Current reading's percentile 60

EV/FCF against peers

Company EV/FCF
CMI Cummins Inc. 18.5×
OTIS Otis Worldwide Corporation compare 22.3×
IR Ingersoll Rand Inc. compare 23.0×
EMR Emerson Electric Co. compare 28.7×
ROK Rockwell Automation, Inc. compare 29.5×
AME AMETEK, Inc. compare 29.6×
ITW Illinois Tool Works Inc. compare 31.2×
PH Parker-Hannifin Corporation compare 32.0×
ETN Eaton Corporation, PLC compare 37.4×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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