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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/E ratio

Alert me on P/E ratio

As of 16 October 2026, Cummins Inc. (CMI) trades at a P/E ratio of 27.0×. Over the past ten years it has ranged from 7.1× (March 2020) to 56.6× (March 2024); the current reading is higher than 90% of that period. That is in line with the Specialty Industrial Machinery industry median of 28.4× and above the Industrials sector median of 24.7×.

P/E ratio, daily

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Annual newest first

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%

Quarterly newest first

Period P/E ratio Change
Jun 2026 36.3× 30.54%
Mar 2026 27.8× 12.26%
Dec 2025 24.8× 13.53%
Sep 2025 21.8× 42.42%
42 more quarters

Against its own ten years

Low 7.1× High 56.6×
Ten-year median 16.3×
Current reading's percentile 89

P/E ratio against peers

Company P/E ratio
OTIS Otis Worldwide Corporation compare 18.2×
ITW Illinois Tool Works Inc. compare 24.6×
CMI Cummins Inc. 27.0×
IR Ingersoll Rand Inc. compare 31.7×
PH Parker-Hannifin Corporation compare 33.3×
EMR Emerson Electric Co. compare 35.3×
AME AMETEK, Inc. compare 36.1×
ETN Eaton Corporation, PLC compare 39.7×
ROK Rockwell Automation, Inc. compare 39.9×
Specialty Industrial Machinery industry median 28.4×
Industrials sector median 24.7×
Market median 18.1×

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 →

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