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Saturday 17 October 2026 Export CMI’s income statement to Excel — free account

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) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Cummins Inc. (CMI) trades at a P/B ratio of 5.3×. Over the past ten years it has ranged from 1.9× (December 2015) to 7.5× (June 2026); the current reading is higher than 93% of that period. That is above the Specialty Industrial Machinery industry median of 3.0× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.2× 23.23%
FY2024 4.3× 23.47%
FY2023 3.5× 0.84%
FY2022 3.4× (1.98%)
FY2021 3.5× (6.76%)
FY2020 3.7× 13.97%
FY2019 3.3× 25.17%
FY2018 2.6× (27.40%)
FY2017 3.6× 9.76%
FY2016 3.3× 62.91%

Quarterly newest first

Period P/B ratio Change
Jun 2026 7.1× 27.10%
Mar 2026 5.6× 5.99%
Dec 2025 5.2× 17.97%
Sep 2025 4.5× 26.94%
42 more quarters

Against its own ten years

Low 1.9× High 7.5×
Ten-year median 3.3×
Current reading's percentile 93

P/B ratio against peers

Company P/B ratio
OTIS Otis Worldwide Corporation compare n/m
IR Ingersoll Rand Inc. compare 3.0×
EMR Emerson Electric Co. compare 4.4×
AME AMETEK, Inc. compare 5.0×
CMI Cummins Inc. 5.3×
ETN Eaton Corporation, PLC compare 7.5×
PH Parker-Hannifin Corporation compare 7.9×
ROK Rockwell Automation, Inc. compare 13.5×
ITW Illinois Tool Works Inc. compare 26.9×
Specialty Industrial Machinery industry median 3.0×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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