Friday 6 November 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.

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%

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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

Cummins Inc. (CMI) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Cummins Inc. (CMI) trades at a P/E ratio of 18.6×. Over the past ten years it has ranged from 7.1× (March 2020) to 56.6× (March 2024); the current reading is higher than 65% of that period. That is below the Specialty Industrial Machinery industry median of 25.6× and below the Industrials sector median of 23.3×.

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<iframe src="https://stockrow.com/embed/CMI/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Cummins Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CMI/metrics/pe-ratio">Cummins Inc. (CMI) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	24.8×	101.25%
FY2024	12.3×	(73.43%)
FY2023	46.3×	192.11%
FY2022	15.8×	6.94%
FY2021	14.8×	(21.24%)
FY2020	18.8×	52.24%
FY2019	12.4×	22.44%
FY2018	10.1×	(66.08%)
FY2017	29.8×	75.84%
FY2016	16.9×	50.76%

Period	P/E ratio	Change
Sep 2026	21.5×	(40.84%)
Jun 2026	36.3×	30.54%
Mar 2026	27.8×	12.26%
Dec 2025	24.8×	13.53%
43 more quarters	Free account

Against its own ten years

Low 7.1× High 56.6×

Ten-year median 16.4×

Current reading's percentile 62

Company	P/E ratio
CMI Cummins Inc.	18.6×
OTIS Otis Worldwide Corporation compare	19.6×
IR Ingersoll Rand Inc. compare	22.9×
ITW Illinois Tool Works Inc. compare	25.4×
PH Parker-Hannifin Corporation compare	30.5×
AME AMETEK, Inc. compare	31.4×
ETN Eaton Corporation, PLC compare	32.6×
ROK Rockwell Automation, Inc. compare	35.6×
EMR Emerson Electric Co. compare	35.7×
Specialty Industrial Machinery industry median	25.6×
Industrials sector median	23.3×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Cummins Inc. (CMI) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CMI

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CMI

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