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Cummins Inc. CMI | NYSE

$516.57 -$4.80 | -0.92%
SIGNAL:Signal available — unlock to view |2026-07-16 |F&G 16 |RSI 30.7

Company Overview:

Market Cap: $71.51B
Trailing PE: 26.4x
FWD PE *: 15.3x
Payout Ratio (TTM): 40.7%
52-Week Range: $400.72 - $737.76

* Forward PE is based on street estimates.

10 Year CMI Performance Metrics:

Total Return (with DRIP): 421.4% (17.95% CAGR)
Total Return (no DRIP): 350.0% (16.23% CAGR)
Share Price: 303.1% (14.96% CAGR)
Yield on Cost (with DRIP): 8.88%
Total Invested: $10,000
Total Value (with DRIP): $52,139
Total Return $ (with DRIP): $42,139
Dividend Increase: 95.1% (7.09% CAGR)
Dividend Yield (FWD): 1.70% ($8.80)
CMI 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
CMI Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
CMI Price CAGR:1Y: 22.30%2Y: 26.31%5Y: 18.13%10Y: 14.96%
CMI Dividend Charts
CMI - Dividends
CMI Dividend CAGR:1Y: 10.00%2Y: 9.95%5Y: 8.70%10Y: 7.94%
CMI - Dividend Payout Ratio
CMI Dividend Payout Ratio CAGR:1Y: 5.00%2Y: -3.32%5Y: -2.04%10Y: -3.00%
CMI - Dividend to Free Cash Flow Ratio
CMI Dividend to FCF Ratio CAGR:1Y: -51.27%2Y: 0.00%5Y: -11.66%10Y: -7.49%

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CMI Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

CMI - Revenue
CMI Revenue CAGR:1Y: 9.42%2Y: 3.69%5Y: 9.13%10Y: 7.64%
CMI - Earnings Per Share (EPS)
CMI EPS CAGR:1Y: 4.83%2Y: 13.11%5Y: 10.42%10Y: 10.86%
CMI - Net Income
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CMI Net Income CAGR:1Y: 4.72%2Y: 13.30%5Y: 9.21%10Y: 8.66%
CMI - EBITDA
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CMI EBITDA CAGR:1Y: -7.79%2Y: 4.28%5Y: 9.47%10Y: 7.41%
CMI - Free Cash Flow
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CMI Free Cash Flow CAGR:1Y: 125.63%2Y: 0.00%5Y: 21.10%10Y: 13.94%
CMI - Free Cash Flow / Share
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CMI Free Cash Flow / Share CAGR:1Y: 124.98%2Y: 0.00%5Y: 22.30%10Y: 16.25%
CMI - Operating Income
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CMI Operating Income CAGR:1Y: 4.32%2Y: 15.79%5Y: 11.72%10Y: 8.47%
CMI - Gross Profit
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CMI Gross Profit CAGR:1Y: 8.07%2Y: 6.80%5Y: 10.77%10Y: 7.49%
CMI - Shares Outstanding
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CMI Shares Outstanding CAGR:1Y: 0.14%2Y: 0.25%5Y: -1.10%10Y: -1.96%
CMI - Share Buybacks
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CMI Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: -19.65%10Y: 6.49%
CMI - Stock-Based Comp
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CMI Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
CMI - Expenses
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CMI Expenses CAGR:1Y: 7.79%2Y: 1.86%5Y: 12.86%10Y: 6.55%
CMI - Revenue vs Net Income
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CMI - EPS vs FCF / Share
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CMI - EPS vs PE Ratio
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CMI - FCF vs FCF / Share
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CMI - FCF vs Stock Based Comp
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CMI - Cash & Debt
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CMI - Revenue by Segment
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CMI Revenue CAGR:1Y: 9.42%2Y: 3.69%5Y: 9.13%10Y: 7.64%
CMI - Revenue by Region
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CMI Revenue CAGR:1Y: 9.42%2Y: 3.69%5Y: 9.13%10Y: 7.64%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

CMI - REVENUE: Actual + Estimates
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CMI Actual Revenue CAGR:1Y: 9.42%2Y: 3.69%5Y: 9.13%10Y: 7.64%
CMI - EPS: Actual + Estimates
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CMI Actual EPS CAGR:1Y: 4.83%2Y: 13.11%5Y: 10.42%10Y: 10.86%
CMI - NET INCOME: Actual + Estimates
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CMI Actual Net Income CAGR:1Y: 4.72%2Y: 13.30%5Y: 9.21%10Y: 8.66%
CMI - EBITDA: Actual + Estimates
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CMI Actual EBITDA CAGR:1Y: -7.79%2Y: 4.28%5Y: 9.47%10Y: 7.41%

Ratios, Profit Margins & Return on Capital:

CMI - Net Profit Margin
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CMI Net Profit Margin CAGR:1Y: -4.27%2Y: 9.32%5Y: 0.08%10Y: 0.95%
CMI - Gross Profit Margin
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CMI Gross Profit Margin CAGR:1Y: -1.21%2Y: 3.01%5Y: 1.51%10Y: -0.14%
CMI - Price to Earnings
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CMI Price to Earnings CAGR:1Y: 108.42%2Y: 43.35%5Y: 12.56%10Y: 8.45%
CMI - Price To Sales Ratio
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CMI Price To Sales Ratio CAGR:1Y: 99.61%2Y: 56.65%5Y: 12.65%10Y: 9.48%
CMI - Return on Capital Employed
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CMI Return on Capital Employed CAGR:1Y: 0.09%2Y: 4.11%5Y: 2.22%10Y: -0.18%
CMI - Return on Invested Capital
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CMI Return on Invested Capital CAGR:1Y: 0.45%2Y: 5.84%5Y: -4.85%10Y: -2.68%

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CMI Dividends Info:

Annual Dividend: $8.8
Forward Yield: 1.7%
Ex-Dividend Date: 2026-08-21
Lifetime Dividends / Share: $81.51

CMI Dividend History: Dates, Payments & Yield list

Below is a schedule of all CMI dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
08/21/202609/03/2026$2.2001.5%1.61%$545.50
05/22/202606/04/2026$2.0001.25%1.18%$678.10
02/20/202603/05/2026$2.0001.35%1.44%$556.07
11/21/202512/04/2025$2.0001.69%1.57%$510.74
08/22/202509/04/2025$2.0001.99%2%$400.93
05/23/202506/05/2025$1.8202.29%2.25%$323.12
02/21/202503/06/2025$1.8201.98%2.11%$344.86
11/22/202412/05/2024$1.8201.95%1.92%$378.57
08/23/202409/05/2024$1.8202.35%2.45%$296.65
05/23/202406/06/2024$1.6802.37%2.45%$274.22
02/22/202403/07/2024$1.6802.56%2.52%$266.21
11/22/202312/07/2023$1.6802.99%2.91%$230.73
08/24/202309/07/2023$1.6802.91%2.89%$232.55
05/18/202306/01/2023$1.5702.93%3.04%$206.86
02/23/202303/09/2023$1.5702.54%2.51%$250.58
11/17/202212/01/2022$1.5702.53%2.52%$249.26
08/18/202209/01/2022$1.5702.73%2.92%$214.92
05/19/202206/02/2022$1.4502.87%2.74%$211.64
02/17/202203/03/2022$1.4502.65%2.78%$208.99
11/18/202112/02/2021$1.4502.54%2.69%$215.89
08/19/202109/02/2021$1.4502.51%2.45%$236.97
05/20/202106/03/2021$1.3502.12%2.07%$260.97
02/18/202103/04/2021$1.3502.23%2.09%$258.61
11/19/202012/03/2020$1.3502.32%2.45%$220.34
08/20/202009/03/2020$1.3112.51%2.56%$204.56
05/21/202006/04/2020$1.3113.33%3%$174.81
02/20/202003/05/2020$1.3113.14%3.53%$148.66
11/13/201912/02/2019$1.3112.9%2.89%$181.26
08/20/201909/03/2019$1.3113.59%3.59%$145.91
05/23/201906/05/2019$1.1402.86%2.86%$159.55
02/21/201903/07/2019$1.1402.96%2.96%$154.29
11/14/201812/03/2018$1.1403.13%2.99%$152.47
08/21/201809/04/2018$1.1403.14%3.26%$139.99
05/17/201806/01/2018$1.0802.95%3.01%$143.58
02/22/201803/08/2018$1.0802.59%2.71%$159.20
11/16/201712/01/2017$1.0802.58%2.62%$165.01
08/16/201709/01/2017$1.0802.8%2.71%$159.36
05/17/201706/01/2017$1.0252.67%2.55%$160.63
02/22/201703/06/2017$1.0252.69%2.69%$152.43
11/17/201612/01/2016$1.0253.03%2.87%$142.63
08/18/201609/01/2016$1.0253.25%3.27%$125.41
05/18/201606/01/2016$0.9753.52%3.42%$114.13
02/17/201603/01/2016$0.9754%3.89%$100.26
11/18/201512/01/2015$0.9753.97%4.22%$92.41
08/19/201509/01/2015$0.9753.06%3.24%$120.31
05/19/201506/01/2015$0.7802.22%2.31%$135.22
02/13/201503/02/2015$0.7802.24%2.18%$143.43
11/18/201412/01/2014$0.7802.15%2.15%$145.34
08/20/201409/02/2014$0.7802.12%2.16%$144.35
05/21/201406/02/2014$0.6251.68%1.63%$153.29
02/19/201403/03/2014$0.6251.79%1.75%$143.00
11/19/201312/02/2013$0.6251.92%1.88%$132.98
08/20/201309/03/2013$0.6252.02%2.01%$124.13
05/22/201306/03/2013$0.5001.7%1.69%$118.44
02/20/201303/01/2013$0.5001.74%1.74%$115.05
11/20/201212/03/2012$0.5002.04%2.05%$97.37
08/20/201209/03/2012$0.5001.95%2.1%$95.29
05/16/201206/01/2012$0.4001.59%1.71%$93.56
02/22/201203/01/2012$0.4001.31%1.32%$121.65
11/17/201112/01/2011$0.4001.69%1.66%$96.32
08/18/201109/01/2011$0.4001.92%1.76%$90.76
05/18/201106/01/2011$0.2630.97%1.04%$100.64
02/16/201103/01/2011$0.2630.95%1.05%$99.92
11/18/201012/01/2010$0.2631.12%1.04%$100.52
08/19/201009/01/2010$0.2631.29%1.31%$79.88
05/19/201006/01/2010$0.1751.02%1.06%$66.09
02/17/201003/01/2010$0.1751.24%1.19%$58.96
11/18/200912/01/2009$0.1751.45%1.48%$47.16
08/19/200909/01/2009$0.1751.57%1.59%$44.08
05/20/200906/01/2009$0.1752.13%1.96%$35.74
02/18/200903/02/2009$0.1753.15%3.79%$18.45
11/19/200812/01/2008$0.1753.56%3.11%$22.51
08/20/200809/02/2008$0.1751.04%1.1%$63.61
05/21/200806/02/2008$0.1250.72%0.71%$70.76
02/20/200803/03/2008$0.1250.95%0.98%$51.01
11/14/200711/30/2007$0.1250.84%0.86%$58.45
08/15/200708/31/2007$0.1250.93%0.84%$59.21
05/16/200706/01/2007$0.0900.81%0.77%$47.04
02/14/200703/01/2007$0.0901%1.06%$34.03
11/14/200612/01/2006$0.0901.19%1.21%$29.66
08/16/200609/01/2006$0.0901.2%1.25%$28.88
05/16/200606/01/2006$0.0751.07%1.06%$28.17
02/17/200603/01/2006$0.0751.15%1.1%$27.33
11/14/200512/01/2005$0.0751.38%1.31%$22.83
08/16/200509/01/2005$0.0751.43%1.39%$21.61
05/13/200506/01/2005$0.0751.87%1.74%$17.28
02/17/200503/01/2005$0.0751.65%1.6%$18.72
11/12/200412/01/2004$0.0751.57%1.51%$19.90
08/16/200409/01/2004$0.0751.79%1.75%$17.19
05/12/200406/01/2004$0.0752.21%2.03%$14.75
02/13/200403/01/2004$0.0752.32%2.34%$12.84
11/12/200312/01/2003$0.0752.6%2.54%$11.81
08/13/200309/02/2003$0.0752.5%2.41%$12.47
05/13/200306/02/2003$0.0753.97%3.39%$8.84
02/12/200303/03/2003$0.0191.25%1.25%$6.01
11/26/200212/13/2002$0.0754.04%4.15%$7.23
08/28/200209/13/2002$0.0753.96%4.29%$6.99
05/29/200206/14/2002$0.0753.16%3.7%$8.10
02/27/200203/15/2002$0.0752.85%2.56%$11.70
11/28/200112/14/2001$0.0753.36%3.15%$9.53
08/29/200109/14/2001$0.0753.06%3.73%$8.05
05/30/200106/15/2001$0.0752.88%3.06%$9.80
02/27/200103/15/2001$0.0753.19%3%$9.99
11/29/200012/15/2000$0.0753.52%3.6%$8.33
08/30/200009/15/2000$0.0753.4%3.61%$8.31
05/30/200006/15/2000$0.0753.63%3.62%$8.28
02/28/200003/15/2000$0.0753.57%3.58%$8.38
11/29/199912/15/1999$0.0752.87%2.86%$10.48
08/30/199909/15/1999$0.0691.88%2.09%$13.16
05/27/199906/15/1999$0.0692.19%2.13%$12.91
02/25/199903/15/1999$0.0692.67%2.77%$9.91
11/27/199812/15/1998$0.0692.94%3.19%$8.63
08/28/199809/15/1998$0.0692.66%3.12%$8.81
05/28/199806/15/1998$0.0692.07%2.11%$13.05
02/26/199803/16/1998$0.0691.93%1.8%$15.28
11/26/199712/15/1997$0.0691.73%1.79%$15.36
08/28/199709/16/1997$0.0691.42%1.37%$20.08
05/29/199706/16/1997$0.0691.74%1.57%$17.47
02/26/199703/14/1997$0.0631.91%1.87%$13.34
11/27/199612/16/1996$0.0632.21%2.22%$11.25
08/29/199609/17/1996$0.0632.63%2.59%$9.66
05/29/199606/14/1996$0.0632.29%2.39%$10.44
02/28/199603/15/1996$0.0632.35%2.42%$10.34
11/29/199512/15/1995$0.0632.56%2.64%$9.47
08/30/199509/15/1995$0.0632.56%2.67%$9.38
05/25/199506/15/1995$0.0632.17%2.19%$11.41
02/23/199503/15/1995$0.0632.22%2.21%$11.31
11/25/199412/15/1994$0.0632.35%2.27%$11.00
08/26/199409/15/1994$0.0311.21%1.26%$9.94
05/25/199406/15/1994$0.0311.19%1.17%$10.66
02/23/199403/15/1994$0.0310.98%1.08%$11.53
11/24/199312/15/1993$0.0311.04%0.97%$12.94
08/26/199309/15/1993$0.0060.25%0.24%$10.50
05/25/199306/15/1993$0.0060.24%0.25%$9.91
02/23/199303/15/1993$0.0060.24%0.22%$11.48
11/24/199212/15/1992$0.0060.28%0.27%$9.23
08/26/199209/15/1992$0.0060.31%0.29%$8.69
05/26/199206/15/1992$0.0060.27%0.28%$9.02
02/25/199203/16/1992$0.0060.32%0.33%$7.50
11/25/199112/16/1991$0.0060.44%0.4%$6.31
08/26/199109/13/1991$0.0060.52%0.51%$4.91
05/24/199106/14/1991$0.0060.56%0.47%$5.33
02/25/199103/15/1991$0.0695.5%5.6%$4.91
11/26/199012/14/1990$0.0696.56%5.86%$4.69
08/27/199009/14/1990$0.0695.32%5.79%$4.75
05/25/199006/15/1990$0.0694.54%4.03%$6.83
02/23/199003/15/1990$0.0694.85%4.72%$5.83
11/27/198911/29/1989$0.0694.37%4.34%$6.33
08/28/198908/30/1989$0.0693.65%3.63%$7.58
05/25/198905/29/1989$0.0693.21%3.19%$8.63
02/23/198902/27/1989$0.0693.45%3.46%$7.94
11/25/198811/30/1988$0.0694.63%4.63%$5.94
08/26/198808/31/1988$0.0694.76%4.8%$5.73
05/25/198805/27/1988$0.0694.15%4.2%$6.55
02/24/198802/26/1988$0.0694.13%3.94%$6.98
11/24/198711/26/1987$0.0694.72%4.73%$5.81
08/26/198708/28/1987$0.0692.57%2.55%$10.80
05/26/198705/28/1987$0.0692.46%2.38%$11.56
02/24/198702/26/1987$0.0692.74%2.69%$10.22
11/24/198611/26/1986$0.0693.41%3.42%$8.03
08/25/198608/27/1986$0.0694%3.81%$7.22
05/23/198605/28/1986$0.0693.01%3.02%$9.11
02/24/198602/26/1986$0.0692.84%2.86%$9.63
11/22/198511/27/1985$0.0693.16%3.31%$8.31
08/26/198508/28/1985$0.0693.47%3.42%$8.05
05/24/198505/29/1985$0.0693.13%3.14%$8.75
02/25/198502/27/1985$0.0692.76%2.73%$10.08
03/02/197303/07/1973$0.0280%1.15%$9.53

Projected Future Returns & Dividends for CMI

Based on past 10-year performance, here are CMI growth metrics:

Share price CAGR of +14.96%
Dividend CAGR of +7.94%

Using CMI CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

CMI (DRIP)CMI - No DRIP
Current Price$516.57$516.57
Start Shares19.3619.36
Start Value$10,000$10,000
  
After 10 years:
Final Share Count22.0519.36
Dividends Payment$4.72$4.72
Annual Dividends$416$366
Yield on cost4.16%3.66%
Share Price$2,082.28$2,082.28
Total Dividends$2,663$2,460
Final Value$45,914$42,770

Estimated Future Value + Dividends - CMI

NOTE: Above numbers are our estimate based on CMI's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Cummins Inc. (CMI) had its IPO on 1947-10-03, and is traded on NYSE stock exchange.

Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company's extensive engine portfolio, available under the Cummins brand and others, powers a vast range of heavy and medium-duty applications, including commercial trucks, buses, recreational vehicles, light-duty automobiles, construction and mining equipment, marine vessels, railway systems, oil and gas operations, defense, and agriculture. Complementing these engines, Cummins provides both new and remanufactured parts and comprehensive servicing. Beyond its core engine offerings, Cummins delivers sophisticated power generation systems, high-horsepower engines, and specialized application engineering. It also offers custom-designed assemblies, retail and wholesale aftermarket components, and expert repair services conducted both in-shop and on-site. The company's technological scope extends to emission control solutions, turbochargers, a variety of filtration systems (for air, fuel, lubricants, and hydraulics), coolants, fuel additives, and advanced electronic control modules, sensors, and supporting software. Fuel systems, both new and reconditioned, are also a key part of their product line, as are automated transmissions. For electrical power generation, Cummins provides standby and primary power generators, complete with controls, paralleling systems, and transfer switches, featuring products like Stamford and AVK A/C alternators. Embracing future energy demands, the company is a frontrunner in electrified power systems, encompassing battery technologies, fuel cells, and hydrogen production. This includes a robust offering of filtration, aftertreatment, control, air handling systems, automated transmissions, electric power generation, and battery solutions. Cummins distributes its diverse product range to original equipment manufacturers, an extensive network of distributors and dealers, and various other clientele worldwide. Founded in 1919 as the Cummins Engine Company, the enterprise adopted its current name, Cummins Inc., in 2001 and maintains its headquarters in Columbus, Indiana.

CMI website: https://www.cummins.com


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DCF Model — CMI

Value from:
Pay up to today
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vs current price $516.57
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Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
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grows for the next years
Then mature
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every future dollar counted back to today
Pile of today-dollars
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÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →