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

Cummins Inc. (CMI) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Cummins Inc. (CMI) trades at a EV/Sales of 2.2×. Over the past ten years it has ranged from 0.7× (March 2020) to 3.1× (June 2026); the current reading is higher than 93% of that period. That is below the Specialty Industrial Machinery industry median of 2.8× and above the Industrials sector median of 1.9×.

EV/Sales, daily

Embed this chart

Annual newest first

Period EV/Sales Change
FY2025 2.2× 45.28%
FY2024 1.5× 41.12%
FY2023 1.1× (18.15%)
FY2022 1.3× (2.10%)
FY2021 1.3× (21.16%)
FY2020 1.7× 42.47%
FY2019 1.2× 29.33%
FY2018 0.9× (36.73%)
FY2017 1.4× 6.36%
FY2016 1.4× 68.25%

Quarterly newest first

Period EV/Sales Change
Jun 2026 2.9× 26.66%
Mar 2026 2.3× 5.33%
Dec 2025 2.2× 18.36%
Sep 2025 1.8× 25.98%
42 more quarters

Against its own ten years

Low 0.7× High 3.1×
Ten-year median 1.3×
Current reading's percentile 93

EV/Sales against peers

Company EV/Sales
CMI Cummins Inc. 2.2×
OTIS Otis Worldwide Corporation compare 2.3×
IR Ingersoll Rand Inc. compare 4.3×
ITW Illinois Tool Works Inc. compare 5.3×
EMR Emerson Electric Co. compare 5.4×
ROK Rockwell Automation, Inc. compare 5.5×
ETN Eaton Corporation, PLC compare 5.7×
PH Parker-Hannifin Corporation compare 6.0×
AME AMETEK, Inc. compare 7.4×
Specialty Industrial Machinery industry median 2.8×
Industrials sector median 1.9×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

More on CMI