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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
+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%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Cummins Inc. (CMI) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Cummins Inc. (CMI) trades at a P/S ratio of 1.7×. Over the past ten years it has ranged from 0.7× (March 2020) to 3.0× (June 2026); the current reading is higher than 86% of that period. That is below the Specialty Industrial Machinery industry median of 2.8× and above the Industrials sector median of 1.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.1× 47.99%
FY2024 1.4× 40.82%
FY2023 1.0× (17.43%)
FY2022 1.2× (7.48%)
FY2021 1.3× (22.71%)
FY2020 1.7× 43.99%
FY2019 1.2× 29.39%
FY2018 0.9× (36.89%)
FY2017 1.4× 7.06%
FY2016 1.3× 64.61%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.0× (30.04%)
Jun 2026 2.8× 29.08%
Mar 2026 2.2× 5.01%
Dec 2025 2.1× 20.45%
43 more quarters

Against its own ten years

Low 0.7× High 3.0×
Ten-year median 1.3×
Current reading's percentile 85

P/S ratio against peers

Company P/S ratio
CMI Cummins Inc. 1.7×
OTIS Otis Worldwide Corporation compare 2.0×
IR Ingersoll Rand Inc. compare 3.9×
ETN Eaton Corporation, PLC compare 4.0×
ROK Rockwell Automation, Inc. compare 4.7×
EMR Emerson Electric Co. compare 4.8×
ITW Illinois Tool Works Inc. compare 4.9×
PH Parker-Hannifin Corporation compare 5.1×
AME AMETEK, Inc. compare 6.2×
Specialty Industrial Machinery industry median 2.8×
Industrials sector median 1.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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