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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: +119.1%
Free cash flow: +9.43%
Total debt: −2.27%

Quarter to September 2026, against a year earlier

450.20 1.62 +0.36%

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Market cap: $61.8B
P/E: 18.5×
Fwd P/E: 17.8×
Dividend yield: 1.82%
F-score: 6/9
Altman Z: 4.62
Beneish M: −2.48
Dividend safety: 82/100

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Cummins Inc. (CMI) Price to free cash flow

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As of 6 November 2026, Cummins Inc. (CMI) trades at a price to free cash flow of 17.9×. Over the past ten years it has ranged from 6.4× (March 2020) to 6,618× (May 2025); the current reading is higher than 59% of that period. That is below the Specialty Industrial Machinery industry median of 23.0× and below the Industrials sector median of 19.9×.

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

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%

Period	Price to free cash flow	Change
Sep 2026	20.5×	(29.76%)
Jun 2026	29.2×	4.86%
Mar 2026	27.9×	(5.57%)
Dec 2025	29.5×	15.30%
43 more quarters	Free account

Against its own ten years

Low 6.4× High 6,618×

Ten-year median 17.0×

Current reading's percentile 59

Company	Price to free cash flow
OTIS Otis Worldwide Corporation compare	17.7×
CMI Cummins Inc.	17.9×
IR Ingersoll Rand Inc. compare	21.0×
ROK Rockwell Automation, Inc. compare	24.6×
EMR Emerson Electric Co. compare	25.6×
AME AMETEK, Inc. compare	27.0×
ITW Illinois Tool Works Inc. compare	27.8×
PH Parker-Hannifin Corporation compare	29.5×
ETN Eaton Corporation, PLC compare	34.4×
Specialty Industrial Machinery industry median	23.0×
Industrials sector median	19.9×
Market median	14.0×

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 →

Cummins Inc. (CMI) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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