Market Summary
USD231.84+1.35
Market Closed0.59%
CMI Stock Price
CMI RSI Chart
CMI Valuation
CMI Price/Sales (Trailing)
CMI Profitability
CMI Fundamentals
CMI Revenue
CMI Earnings
Price Action
52 Week Range
181.87261.91
(Low)(High)
Last 7 days
-10.1%
Last 30 days
-7.4%
Last 90 days
-2.3%
Trailing 12 Months
18.5%
CMI Financial Health
CMI Investor Care
Peers (Alternatives to Cummins)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DE | 116.4B | 55.7B | -5.98% | 1.14% | 14.22 | 2.09 | 25.13% | 45.08% |
CAT | 114.8B | 59.4B | -12.45% | 2.23% | 17.13 | 1.93 | 16.59% | 3.25% |
CMI | 32.7B | 28.1B | -7.37% | 18.51% | 14.99 | 1.17 | 16.87% | 0.88% |
DOV | 20.1B | 8.5B | -9.87% | -7.45% | 18.83 | 2.36 | 7.60% | -5.20% |
TTC | 11.2B | 4.7B | -4.82% | 28.23% | 25.37 | 2.38 | 17.70% | 8.16% |
| MID-CAP | ||||||||
LECO | 9.4B | 3.8B | -6.26% | 27.12% | 19.86 | 2.49 | 16.30% | 70.81% |
WTS | 5.5B | 2.0B | -8.25% | 13.14% | 21.78 | 2.77 | 9.41% | 51.78% |
TEX | 3.4B | 4.4B | -13.62% | 31.93% | 11.23 | 0.76 | 13.66% | 35.81% |
KMT | 2.2B | 2.0B | -6.48% | -5.13% | 16.92 | 1.06 | 3.22% | 2.22% |
ALG | 2.1B | 1.5B | 7.36% | 16.17% | 20.61 | 1.39 | 13.45% | 27.02% |
MWA | 2.1B | 1.3B | -5.00% | 6.06% | 25.79 | 1.59 | 12.57% | 9.03% |
| SMALL-CAP | ||||||||
CMCO | 1.0B | 935.8M | -3.82% | -14.83% | 22.16 | 1.1 | 11.48% | 69.08% |
HY | 757.0M | 3.5B | 39.59% | 31.30% | -10.22 | 0.21 | 15.37% | 57.17% |
MTW | 605.9M | 2.0B | 21.16% | 7.01% | -4.9 | 0.3 | 18.15% | -1223.64% |
ARTW | 9.7M | 28.4M | -21.88% | -64.29% | 41.49 | 0.36 | 13.76% | -54.01% |
Financials for Cummins
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 7.3% | 28,074 | 26,154 | 24,789 | 24,314 | 24,021 |
| Cost Of Revenue | 7.1% | 21,355 | 19,937 | 18,800 | 18,573 | 18,326 |
| Gross Profit | 8.1% | 6,719 | 6,217 | 5,989 | 5,741 | 5,695 |
| S&GA Expenses | 4.4% | 2,687 | 2,574 | 2,437 | 2,415 | 2,374 |
| R&D Expenses | 3.6% | 1,278 | 1,233 | 1,151 | 1,128 | 1,090 |
| EBITDA | 8.3% | 3,802 | 3,509 | 3,504 | 3,524 | - |
| EBITDA Margin | -4.3% | 0.14* | 0.14* | 0.14* | 0.15* | - |
| Earnings Before Taxes | 2.5% | 2,819 | 2,751 | - | - | - |
| EBT Margin | -9.5% | 0.10* | 0.11* | 0.11* | 0.11* | - |
| Interest Expenses | 44.2% | 199 | 138 | 105 | 100 | 111 |
| Net Income | 12.6% | 2,183 | 1,939 | 2,071 | 1,976 | 2,164 |
| Net Income Margin | 4.9% | 0.08* | 0.07* | 0.08* | 0.08* | 0.09* |
| Free Cahsflow | -0.6% | 1,046 | 1,052 | 1,291 | 1,330 | 1,522 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.8% | 30,299 | 29,769 | 24,477 | 24,122 | 23,710 |
| Current Assets | 0.4% | 14,451 | 14,398 | 12,762 | 12,596 | 12,309 |
| Cash Equivalents | -15.9% | 2,101 | 2,499 | 2,462 | 2,276 | 2,592 |
| Inventory | 1.1% | 5,603 | 5,543 | 4,765 | 4,586 | 4,355 |
| Net PPE | 6.2% | 5,521 | 5,201 | 4,389 | 4,381 | 4,422 |
| Goodwill | 5.1% | 2,343 | 2,229 | 1,391 | 108 | 1,287 |
| Liabilities | -0.4% | 20,074 | 20,159 | 14,822 | 14,759 | 14,309 |
| Current Liabilities | 8.5% | 11,421 | 10,530 | 7,671 | 7,512 | 7,084 |
| Long Term Debt | -17.5% | 4,498 | 5,450 | 3,490 | 3,502 | 3,579 |
| LT Debt, Current | 941.8% | 573 | 55.00 | 65.00 | 69.00 | 59.00 |
| Shareholder's Equity | 7.1% | 8,975 | 8,380 | 9,429 | 9,363 | 8,146 |
| Retained Earnings | 2.3% | 18,037 | 17,628 | 17,450 | 16,952 | 16,741 |
| Accumulated Depreciation | 0.9% | 5,030 | 4,985 | 4,952 | 4,936 | - |
| Shares Outstanding | -0.1% | 141 | 141 | 142 | - | - |
| Minority Interest | 1.4% | 992 | 978 | 917 | 927 | 889 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 4.5% | 1,962 | 1,877 | 2,064 | 2,081 | 2,256 |
| Share Based Compensation | 9.1% | 36.00 | 33.00 | 34.00 | 37.00 | - |
| Cashflow From Investing | -2.0% | -4,172 | -4,091 | -1,303 | -858 | -873 |
| Cashflow From Financing | -15.0% | 1,669 | 1,963 | -896 | -1,979 | -2,227 |
| Dividend Payments | 1.7% | 855 | 841 | 826 | 819 | 809 |
| Buy Backs | -31.2% | 374 | 544 | 659 | 1,295 | 1,402 |
Risks for CMI
What is the probability of a big loss on CMI?
56.1%
Probability that Cummins stock will be more than 20% underwater in next one year
29.6%
Probability that Cummins stock will be more than 30% underwater in next one year.
0%
Probability that Cummins stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CMI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cummins was unfortunately bought at previous high price.
Drawdowns
Returns for CMI
Cumulative Returns on CMI
9.8%
10-Year Cumulative Returns
14.7%
7-Year Cumulative Returns
10.1%
5-Year Cumulative Returns
21.8%
3-Year Cumulative Returns
What are the long-term rolling returns for CMI?
FIve years rolling returns for Cummins.
Annualized Returns
Which funds bought or sold CMI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -0.78 | 334,317 | 2,178,320 | 0.06% |
2023-03-10 | MATHER GROUP, LLC. | added | 10.55 | 112,689 | 469,689 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -5.08 | 7,499,680 | 65,178,700 | 0.07% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 86.79 | 1,115,000 | 2,024,000 | 0.01% |
2023-03-06 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | 862,318 | 5,387,320 | 2.04% |
2023-03-03 | TIAA, FSB | added | 2.23 | 127,121 | 711,121 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 2,289,640 | 2,289,640 | 0.03% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 15,916 | 96,916 | 0.06% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -10.03 | 22,281 | 330,281 | 0.03% |
2023-03-01 | SMITHBRIDGE ASSET MANAGEMENT INC/DE | new | - | 613,000 | 613,000 | 0.16% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Cummins News
Schedule 13G FIlings of Cummins
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 9.36% | 13,205,088 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 8.2% | 11,572,098 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.03% | 12,921,906 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.2% | 11,754,383 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.77% | 12,979,070 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.8% | 13,031,093 | SC 13G/A | |
| Feb 13, 2020 | state street corp | 4.64% | 7,102,674 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 8.21% | 12,579,161 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 8.1% | 12,355,555 | SC 13G/A |
CMI Fair Value
Cummins fair value in different scenarios
The table shows the Fair Value estimates for Cummins for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 160.37 -30.83% | 212.31 -8.42% | 288.64 24.50% | 371.05 60.05% | 472.84 103.95% |
| Current Inflation | 126.58 -45.40% | 166.47 -28.20% | 208.63 -10.01% | 277.67 19.77% | 319.26 37.71% |
| Very High Inflation | 134.03 -42.19% | 169.75 -26.78% | 217.11 -6.35% | 272.68 17.62% | 339.13 46.28% |
Historical Cummins Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Cummins
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 03, 2023 | 3 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CMI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | Smith Mark Andrew | sold (taxes) | -295,314 | 249 | -1,185 | vp - chief financial officer |
2023-03-01 | Aaholm Sherry A | acquired | - | - | 1,125 | vp - chief digital officer |
2023-03-01 | Bush Jennifer Mary | acquired | - | - | 612 | vp & pres. - power systems |
2023-03-01 | Davis Amy Rochelle | sold (taxes) | -206,595 | 249 | -829 | vp & pres. - new power |
2023-03-01 | Barner Sharon R | sold (taxes) | -333,692 | 249 | -1,339 | vp - chief administrative off. |
2023-03-01 | JACKSON DONALD G | acquired | - | - | 616 | vp - treasury & tax |
2023-03-01 | Smith Mark Andrew | acquired | - | - | 4,086 | vp - chief financial officer |
2023-03-01 | Davis Amy Rochelle | acquired | - | - | 562 | vp & pres. - new power |
2023-03-01 | Stoner Nathan R | acquired | - | - | 306 | vp - china area business org |
2023-03-01 | Satterthwaite Tony | acquired | - | - | 9,107 | senior vice president |
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
CMI Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 28,074 | $ 24,021 | $ 19,811 |
| Cost of sales | 21,355 | 18,326 | 14,917 |
| Gross Profit | 6,719 | 5,695 | 4,894 |
| OPERATING EXPENSES AND INCOME | |||
| Selling, general and administrative expenses | 2,687 | 2,374 | 2,125 |
| Research, development and engineering expenses | 1,278 | 1,090 | 906 |
| Equity, royalty and interest income from investees | 349 | 506 | 452 |
| Other operating income (expense), net | 174 | 31 | 46 |
| OPERATING INCOME | 2,929 | 2,706 | 2,269 |
| Interest expense (Note 13) | 199 | 111 | 100 |
| Other income, net | 89 | 156 | 169 |
| INCOME BEFORE INCOME TAXES | 2,819 | 2,751 | 2,338 |
| Income tax expense (Note 5) | 636 | 587 | 527 |
| CONSOLIDATED NET INCOME | 2,183 | 2,164 | 1,811 |
| Less: Net income attributable to noncontrolling interests | 32 | 33 | 22 |
| Cummins share of net income | $ 2,151 | $ 2,131 | $ 1,789 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 21) | |||
| Basic (in dollars per share) | $ 15.20 | $ 14.74 | $ 12.07 |
| Diluted (in dollars per share) | $ 15.12 | $ 14.61 | $ 12.01 |
CMI Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Common stock, par value (in dollars per share) | $ 2.50 | |
| Common stock, shares authorized | 500.0 | |
| Common stock, shares issued | 222.5 | 222.5 |
| Treasury stock, shares | 81.2 | 80.0 |
| Current assets | ||
| Cash and cash equivalents | $ 2,101 | $ 2,592 |
| Marketable securities | 472 | 595 |
| Cash, cash equivalents and marketable securities | 2,573 | 3,187 |
| Accounts and notes receivable, net | ||
| Trade and other | 4,826 | 3,565 |
| Nonconsolidated equity investees | 376 | 425 |
| Inventories (Note 7) | 5,603 | 4,355 |
| Prepaid expenses and other current assets | 1,073 | 777 |
| Total current assets | 14,451 | 12,309 |
| Long-term assets | ||
| Property, plant and equipment, net (Note 8) | 5,521 | 4,422 |
| Investments and advances related to equity method investees (Note 4) | 1,759 | 1,538 |
| Goodwill (Note 10) | 2,343 | 1,287 |
| Other intangible assets, net (Note 10) | 2,687 | 900 |
| Pension assets (Note 11) | 1,398 | 1,488 |
| Other assets | 2,140 | 1,766 |
| Total assets | 30,299 | 23,710 |
| Current liabilities | ||
| Accounts payable (principally trade) | 4,252 | 3,021 |
| Loans payable (Note 13) | 210 | 208 |
| Commercial paper (Note 13) | 2,574 | 313 |
| Current maturities of long-term debt (Note 13) | 573 | 59 |
| Accrued compensation, benefits and retirement costs | 617 | 683 |
| Current portion of accrued product warranty (Note 14) | 726 | 755 |
| Current portion of deferred revenue (Note 3) | 1,004 | 855 |
| Other accrued expenses (Note 12) | 1,465 | 1,190 |
| Total current liabilities | 11,421 | 7,084 |
| Long-term liabilities | ||
| Long-term debt (Note 13) | 4,498 | 3,579 |
| Deferred revenue (Note 3) | 844 | 850 |
| Other liabilities | 3,311 | 2,796 |
| Total liabilities | 20,074 | 14,309 |
| Commitments and contingencies (Note 15) | ||
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | 258 | 366 |
| Cummins Inc. shareholders’ equity (Note 17) | ||
| Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued | 2,243 | 2,099 |
| Retained earnings | 18,037 | 16,741 |
| Treasury stock, at cost, 81.2 and 80.0 shares | (9,415) | (9,123) |
| Accumulated other comprehensive loss (Note 18) | (1,890) | (1,571) |
| Total Cummins Inc. shareholders' equity | 8,975 | 8,146 |
| Noncontrolling interests (Note 19) | 992 | 889 |
| Total equity | 9,967 | 9,035 |
| Total liabilities, redeemable noncontrolling interests and equity | $ 30,299 | $ 23,710 |