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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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Cummins Inc. (CMI) trades at a price to free cash flow of 21.8×. Over the past ten years it has ranged from 6.4× (March 2020) to 6,618× (May 2025); the current reading is higher than 70% of that period. That is below the Specialty Industrial Machinery industry median of 23.3× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 29.5× (82.91%)
FY2024 173× 1,291.00%
FY2023 12.4× (61.93%)
FY2022 32.6× 57.33%
FY2021 20.7× 35.10%
FY2020 15.3× 36.85%
FY2019 11.2× (13.69%)
FY2018 13.0× (17.23%)
FY2017 15.7× (5.57%)
FY2016 16.6× 42.74%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 29.2× 4.86%
Mar 2026 27.9× (5.57%)
Dec 2025 29.5× 15.30%
Sep 2025 25.6× (6.34%)
42 more quarters

Against its own ten years

Low 6.4× High 6,618×
Ten-year median 17.0×
Current reading's percentile 70

Price to free cash flow against peers

Company Price to free cash flow
OTIS Otis Worldwide Corporation compare 15.7×
CMI Cummins Inc. 21.8×
IR Ingersoll Rand Inc. compare 24.8×
EMR Emerson Electric Co. compare 26.1×
ITW Illinois Tool Works Inc. compare 26.6×
PH Parker-Hannifin Corporation compare 30.8×
AME AMETEK, Inc. compare 31.2×
ROK Rockwell Automation, Inc. compare 31.5×
ETN Eaton Corporation, PLC compare 38.0×
Specialty Industrial Machinery industry median 23.3×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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