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CMI

CMI - Cummins Inc Stock Price, Fair Value and News

287.43USD-3.99 (-1.37%)Market Closed

Market Summary

CMI
USD287.43-3.99
Market Closed
-1.37%

CMI Alerts

  • CITADEL ADVISORS LLC reported owning 0.1% of CMI [2024-03-22]

CMI Stock Price

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CMI RSI Chart

CMI Valuation

Market Cap

40.8B

Price/Earnings (Trailing)

48.54

Price/Sales (Trailing)

1.2

EV/EBITDA

9.58

Price/Free Cashflow

14.81

CMI Price/Sales (Trailing)

CMI Profitability

Operating Margin

24.22%

EBT Margin

8.28%

Return on Equity

9.49%

Return on Assets

2.62%

Free Cashflow Yield

6.75%

CMI Fundamentals

CMI Revenue

Revenue (TTM)

34.1B

Rev. Growth (Yr)

9.95%

Rev. Growth (Qtr)

1.33%

CMI Earnings

Earnings (TTM)

840.0M

Earnings Growth (Yr)

-316.3%

Earnings Growth (Qtr)

-301.88%

Breaking Down CMI Revenue

Last 7 days

-3.8%

Last 30 days

3.7%

Last 90 days

27.1%

Trailing 12 Months

24.3%

How does CMI drawdown profile look like?

CMI Financial Health

Current Ratio

1.18

Debt/Equity

0.54

Debt/Cashflow

0.83

CMI Investor Care

Dividend Yield

2.17%

Dividend/Share (TTM)

6.39

Shares Dilution (1Y)

0.34%

Diluted EPS (TTM)

5.15

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202330.1B32.2B33.3B34.1B
202224.3B24.8B26.2B28.1B
202120.9B23.2B24.0B24.0B
202022.6B20.2B19.6B19.8B
201924.2B24.3B24.1B23.6B
201821.4B22.5B23.1B23.8B
201718.2B19.0B19.7B20.4B
201600017.5B
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Tracking the Latest Insider Buys and Sells of Cummins Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 18, 2024
satterthwaite tony
sold
-
-
-333
senior vice president
Mar 18, 2024
miller william i
sold
-
-
-349
-
Mar 18, 2024
quintos karen h
sold
-
-
-76.9181
-
Mar 01, 2024
smith mark andrew
sold (taxes)
-1,104,010
270
-4,085
vp - chief financial officer
Mar 01, 2024
aaholm sherry a
acquired
-
-
2,580
vp - chief digital officer
Mar 01, 2024
newsome earl
sold (taxes)
-296,475
270
-1,097
vp - chief information officer
Mar 01, 2024
smith mark andrew
acquired
-
-
9,390
vp - chief financial officer
Mar 01, 2024
wood jonathan david
sold (taxes)
-148,643
270
-550
vice president & cto
Mar 01, 2024
wiltrout jeffrey t
sold (taxes)
-61,078
270
-226
vp - corporate strategy
Mar 01, 2024
newsome earl
acquired
-
-
3,526
vp - chief information officer

1–10 of 50

Which funds bought or sold CMI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
FARMERS & MERCHANTS INVESTMENTS INC
unchanged
-
151,746
811,761
0.03%
Apr 18, 2024
Citizens Business Bank
added
0.13
83,482
444,036
0.09%
Apr 18, 2024
MV CAPITAL MANAGEMENT, INC.
added
2.26
8,210
40,073
-%
Apr 18, 2024
Piscataqua Savings Bank
reduced
-20.96
-2,365
82,200
0.07%
Apr 18, 2024
CHAPIN DAVIS, INC.
reduced
-3.71
95,346
612,580
0.22%
Apr 18, 2024
Park Place Capital Corp
reduced
-50.00
-25,829
41,251
0.01%
Apr 18, 2024
Diversified Trust Co
reduced
-19.85
-39,073
2,704,000
0.08%
Apr 18, 2024
SJS Investment Consulting Inc.
added
5.88
1,231
5,305
-%
Apr 18, 2024
CenterStar Asset Management, LLC
new
-
628,997
628,997
0.19%
Apr 18, 2024
STATE OF MICHIGAN RETIREMENT SYSTEM
reduced
-3.53
1,900,960
12,091,600
0.06%

1–10 of 49

Are Funds Buying or Selling CMI?

Are funds buying CMI calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CMI
No. of Funds

Unveiling Cummins Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 22, 2024
citadel advisors llc
0.1%
6
SC 13G
Feb 14, 2024
price t rowe associates inc /md/
5.2%
7,348,405
SC 13G
Feb 13, 2024
vanguard group inc
12.53%
17,754,995
SC 13G/A
Jan 25, 2024
blackrock inc.
8.1%
11,524,411
SC 13G/A
Jul 10, 2023
vanguard group inc
11.09%
15,705,485
SC 13G/A
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

Recent SEC filings of Cummins Inc

View All Filings
Date Filed Form Type Document
Apr 01, 2024
DEFA14A
DEFA14A
Apr 01, 2024
DEF 14A
DEF 14A
Apr 01, 2024
ARS
ARS
Mar 22, 2024
SC 13G
Major Ownership Report
Mar 20, 2024
SC 13G/A
Major Ownership Report
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 18, 2024
SC TO-I/A
SC TO-I/A

Peers (Alternatives to Cummins Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
181.1B
67.1B
1.15% 60.21%
17.52
2.7
12.84% 54.12%
161.1B
68.0B
-11.83% 54.44%
17
2.37
16.96% 2688.24%
41.0B
6.6B
-2.55% 28.87%
31.26
6.22
7.26% 13.25%
40.8B
34.1B
3.69% 24.28%
48.54
1.2
21.34% -61.52%
12.7B
14.9B
-0.46% 12.84%
205.51
0.85
12.31% -81.65%
MID-CAP
9.0B
6.9B
-1.76% 74.85%
59.04
1.3
5.64% 109.59%
6.7B
15.5B
-0.08% 30.46%
48.27
0.43
12.59% -4.48%
6.0B
4.3B
1.69% 35.97%
32.18
1.39
19.51% -1.03%
3.7B
2.3B
-7.70% 26.60%
23.15
1.6
2.90% -35.23%
2.4B
1.7B
0.65% 15.72%
17.85
1.44
11.63% 33.59%
SMALL-CAP
982.3M
1.4B
-6.92% -58.66%
15.72
0.71
-24.65% -34.19%
854.8M
35.8M
6.45% -27.47%
-0.88
23.85
-27.93% -23.21%
820.1M
573.3M
21.44% 59.52%
25.34
1.43
26.00% -2.24%
358.1M
135.4M
-10.78% 181.77%
-21.83
2.65
-25.90% 65.37%
229.7M
99.2M
16.78% 258.50%
-18.75
2.32
-3.69% -37.37%

Cummins Inc News

Latest updates
MarketWatch28 hours ago
MarketWatch17 Apr 202408:56 pm
Yahoo Movies Canada17 Apr 202407:13 pm
Yahoo Lifestyle UK17 Apr 202412:25 pm
MarketWatch16 Apr 202408:56 pm
MarketWatch15 Apr 202408:56 pm

Cummins Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.3%8,5438,4318,6388,4537,7707,3336,5866,3855,8505,9686,1116,0925,8305,1183,8525,0115,5785,7686,2216,0046,126
Cost Of Revenue2.9%6,5426,3606,4906,4245,9515,6914,8604,8534,5334,5544,6334,6064,4693,7692,9623,7174,2654,2744,5804,4724,580
Gross Profit-3.4%2,0012,0712,1482,0291,8191,6421,7261,5321,3171,4141,4781,4861,3611,3498901,2941,3131,4941,6411,5321,546
  S&GA Expenses5.4%876831873753742708622615629571600574576533470546632600629593643
  R&D Expenses3.7%390376384350333348299298288266276260255224189238271242251237244
EBITDA Margin-1.6%0.12*0.13*0.13*0.13*0.14*0.14*0.14*0.14*0.15*0.13*0.14*0.15*0.16*0.18*0.18*0.16*0.15*0.15*0.14*0.14*0.15*
Interest Expenses-5.2%92.0097.0099.0087.0087.0061.0034.0017.0026.0028.0029.0028.0029.0025.0023.0023.0022.0026.0029.0032.0032.00
Income Taxes-13.3%16318821222313419914815511413416717212518293.0012765.00139186176100
EBT Margin-2.3%0.08*0.08*0.09*0.09*0.10*0.11*0.11*0.11*0.11*0.10*0.10*0.11*0.12*0.14*0.14*0.13*0.12*0.11*0.11*0.11*0.12*
Net Income-301.9%-1,393690737806644409707423400541612611501504269528300622675663579
Net Income Margin-71.5%0.02*0.09*0.08*0.09*0.08*0.07*0.08*0.08*0.09*0.09*0.10*0.09*0.09*0.08*0.09*0.09*0.10*0.11*0.11*0.10*-
Free Cashflow-24.7%9401,24926230235418045260.003604194912528821,107-99.00304533970675303-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.3%32,00532,09731,73531,43330,29929,76924,47724,12223,71023,06322,60822,96222,62421,56820,31420,07619,73720,34620,25419,84619,062
  Current Assets-4.5%15,19815,91215,41015,36814,45114,39812,76212,59612,30912,32011,93112,12211,89711,0629,8349,7909,38710,22810,45010,0919,818
    Cash Equivalents-8.7%2,1792,3871,8021,9802,1012,4992,4622,2762,5922,5882,4812,9583,4012,9671,7511,6911,1291,5601,3971,3281,303
  Inventory-3.9%5,6775,9066,0265,8785,6035,5434,7654,5864,3554,3224,0763,7533,4253,4703,6553,5793,4863,8213,8963,8933,759
  Net PPE7.7%6,2495,8015,7235,5905,5215,2014,3894,3814,4224,1854,1744,1964,2554,0874,0674,1284,2454,0564,0774,0664,096
  Goodwill2676.7%2,49990.00-18.002,3432,2291,3911081,2871,2891,2911,2901,2931,2881,2841,2831,2861,2881,125--
Liabilities8.2%22,10120,41920,37920,55220,07420,15914,82214,75914,30914,06013,81513,93113,63512,92712,18412,05811,27211,59311,05811,11910,803
  Current Liabilities16.0%12,90311,12611,04511,92311,42110,5307,6717,5127,0846,8616,6046,6606,3355,7096,9166,9826,2606,7256,2896,4276,384
  Long Term Debt-3.0%4,8024,9505,0894,4094,4985,4503,4903,5023,5793,6023,6203,6203,6103,6091,6391,5801,5761,6191,6241,6051,597
    LT Debt, Current-79.4%11857357556957355.0065.0069.0059.0055.0057.0061.0062.0058.0066.0033.0031.0037.0046.0037.0045.00
Shareholder's Equity-17.0%8,85010,65811,35610,6208,9759,3589,4298,9719,0358,7028,44748.008,7078,6418,1308,0188,4078,7539,1968,7278,259
  Retained Earnings-8.6%17,85119,52019,10218,60518,03717,62817,45016,95216,74116,55516,22815,82515,41915,11814,81114,72814,41614,31513,89713,40112,917
Accumulated Depreciation-100.0%-5,2975,1995,0394,9865,0304,9854,9524,9364,9714,9354,8484,7564,6664,5534,4504,4544,3964,3474,2834,223
Shares Outstanding-100.0%-142142142-141142142142145145147148148148149-157157157-
Minority Interest3.3%1,0541,0201,019997992978917927889921927922927941938950958943918907911
Float---34,700---27,300---34,700---24,900---27,000--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-4.6%1,459,0001,529,000483,000495,000817,000382,000599,000164,000732,000569,000616,000339,0001,142,0001,223,000-22,000379,000838,0001,123,000808,000412,000990,000
  Share Based Compensation------10,0009,0005,00012,0007,00010,0008,0009,00010,0008,0004,00012,0009,00019,0009,00015,000
Cashflow From Investing-208.3%-783,000-254,000-378,000-228,000-676,000-2,920,000-566,000-10,000-595,000-132,000-121,000-25,000-382,000-103,000-135,000-99,000-321,000-418,000-340,000-71,000-455,000
Cashflow From Financing-137.8%-1,108,000-466,000-240,000-363,000-442,0002,502,000106,000-497,000-148,000-357,000-977,000-745,000-284,000104,000226,000234,000-897,000-487,000-364,000-347,000-440,000
  Dividend Payments0%238,000238,000223,000222,000222,000222,000204,000207,000208,000207,000197,000197,000200,000194,000193,000195,000199,000204,000179,000179,000181,000
  Buy Backs-----4,00023,00036,000311,000174,000138,000672,000418,00091,000--550,000465,000706,000-100,000261,000

CMI Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Net sales$ 34,065$ 28,074$ 24,021
Cost of sales25,81621,35518,326
Gross Margin8,2496,7195,695
OPERATING EXPENSES AND INCOME   
Selling, general and administrative expenses3,3332,6872,374
Research, development and engineering expenses1,5001,2781,090
Equity, royalty and interest income from investees483349506
Other operating expense, net (Note 2)2,13817431
OPERATING INCOME1,7612,9292,706
Interest expense375199111
Other income, net24089156
INCOME BEFORE INCOME TAXES1,6262,8192,751
Income tax expense (Note 5)786636587
CONSOLIDATED NET INCOME8402,1832,164
Less: Net income attributable to noncontrolling interests1053233
Cummins share of net income$ 735$ 2,151$ 2,131
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. (Note 20)   
Basic (in dollars per share)$ 5.19$ 15.20$ 14.74
Diluted (in dollars per share)$ 5.15$ 15.12$ 14.61

CMI Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]  
Common stock, par value (in dollars per share)$ 2.50 
Common stock, shares authorized500.0 
Common stock, shares issued222.5222.5
Treasury Stock, Common, Shares80.781.2
Current assets  
Cash and cash equivalents$ 2,179$ 2,101
Marketable securities562472
Cash, cash equivalents and marketable securities2,7412,573
Accounts and notes receivable, net  
Trade and other5,5835,202
Inventories (Note 7)5,6775,603
Prepaid expenses and other current assets1,1971,073
Total current assets15,19814,451
Long-term assets  
Property, plant and equipment, net (Note 8)6,2495,521
Investments and advances related to equity method investees (Note 4)1,8001,759
Goodwill (Note 10)2,4992,343
Other intangible assets, net (Note 10)2,5192,687
Pension assets (Note 11)1,1971,398
Other assets2,5432,140
Total assets32,00530,299
Current liabilities  
Accounts payable (principally trade)4,2604,252
Loans payable (Note 13)280210
Commercial paper (Note 13)1,4962,574
Current maturities of long-term debt (Note 13)118573
Accrued compensation, benefits and retirement costs1,108617
Current portion of accrued product warranty (Note 14)667726
Current portion of deferred revenue (Note 3)1,2201,004
Other accrued expenses (Note 12)3,7541,465
Total current liabilities12,90311,421
Long-term liabilities  
Long-term debt (Note 13)4,8024,498
Deferred revenue (Note 3)966844
Other liabilities3,4303,311
Total liabilities22,10120,074
Commitments and contingencies (Note 15)
Redeemable Noncontrolling Interest, Equity, Carrying Amount0258
Cummins Inc. shareholders’ equity (Note 16)  
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued2,5642,243
Retained earnings17,85118,037
Treasury stock, at cost, 80.7 and 81.2 shares(9,359)(9,415)
Accumulated other comprehensive loss (Note 17)(2,206)(1,890)
Total Cummins Inc. shareholders' equity8,8508,975
Noncontrolling interests (Note 18)1,054992
Total equity9,9049,967
Total liabilities, redeemable noncontrolling interests and equity$ 32,005$ 30,299
CMI
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.
 CEO
 WEBSITEcummins.com
 INDUSTRYApparel Manufacturing
 EMPLOYEES65535

Cummins Inc Frequently Asked Questions


What is the ticker symbol for Cummins Inc? What does CMI stand for in stocks?

CMI is the stock ticker symbol of Cummins Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cummins Inc (CMI)?

As of Thu Apr 18 2024, market cap of Cummins Inc is 41.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CMI stock?

You can check CMI's fair value in chart for subscribers.

What is the fair value of CMI stock?

You can check CMI's fair value in chart for subscribers. The fair value of Cummins Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cummins Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CMI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cummins Inc a good stock to buy?

The fair value guage provides a quick view whether CMI is over valued or under valued. Whether Cummins Inc is cheap or expensive depends on the assumptions which impact Cummins Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CMI.

What is Cummins Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, CMI's PE ratio (Price to Earnings) is 49.21 and Price to Sales (PS) ratio is 1.21. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CMI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cummins Inc's stock?

In the past 10 years, Cummins Inc has provided 0.098 (multiply by 100 for percentage) rate of return.