Cummins Inc. CMI

525.06 3.99 0.77% as of 25 Sep
Market cap
$72.3B
P/E
26.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Cummins Inc. (CMI) Price to free cash flow

As of 25 September 2026, Cummins Inc. (CMI) trades at a price to free cash flow of 21.5×. Over the past ten years it has ranged from 6.4× (March 2020) to 6,618× (May 2025); the current reading is higher than 69% of that period. That is below the Specialty Industrial Machinery industry median of 23.8× and in line with the Industrials sector median of 20.6×.

Price to free cash flow, daily

Annual

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

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 69

Price to free cash flow against peers

Company Price to free cash flow
SYM Symbotic Inc. compare 7.0×
CMI Cummins Inc. 21.5×
IR Ingersoll Rand Inc. compare 24.2×
EMR Emerson Electric Co. compare 25.6×
ITW Illinois Tool Works Inc. compare 26.8×
PH Parker-Hannifin Corporation compare 31.3×
AME AMETEK, Inc. compare 31.5×
ROK Rockwell Automation, Inc. compare 32.1×
ETN Eaton Corporation, PLC compare 42.7×
Specialty Industrial Machinery industry median 23.8×
Industrials sector median 20.6×
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 →

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