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CMI

CMI - Cummins Inc Stock Price, Fair Value and News

289.12USD+2.21 (+0.77%)Market Closed

Market Summary

CMI
USD289.12+2.21
Market Closed
0.77%

CMI Alerts

  • Big jump in Earnings (Y/Y)

CMI Stock Price

View Fullscreen

CMI RSI Chart

CMI Valuation

Market Cap

39.5B

Price/Earnings (Trailing)

19.18

Price/Sales (Trailing)

1.16

EV/EBITDA

9.81

Price/Free Cashflow

15.46

CMI Price/Sales (Trailing)

CMI Profitability

Operating Margin

24.29%

EBT Margin

8.29%

Return on Equity

20.41%

Return on Assets

6.48%

Free Cashflow Yield

6.47%

CMI Fundamentals

CMI Revenue

Revenue (TTM)

34.0B

Rev. Growth (Yr)

-0.59%

Rev. Growth (Qtr)

-1.64%

CMI Earnings

Earnings (TTM)

2.1B

Earnings Growth (Yr)

151.61%

Earnings Growth (Qtr)

245.59%

Breaking Down CMI Revenue

Last 7 days

1.9%

Last 30 days

-3.7%

Last 90 days

15.7%

Trailing 12 Months

30.8%

How does CMI drawdown profile look like?

CMI Financial Health

Current Ratio

1.34

Debt/Equity

0.57

Debt/Cashflow

0.65

CMI Investor Care

Dividend Yield

2.25%

Dividend/Share (TTM)

6.5

Buy Backs (1Y)

3.34%

Diluted EPS (TTM)

13.63

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202434.0B000
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
May 07, 2024
Concurrent Investment Advisors, LLC
added
22.91
322,852
953,183
0.04%
May 07, 2024
Susquehanna Portfolio Strategies, LLC
reduced
-6.99
791,889
6,293,140
0.15%
May 07, 2024
VERUS CAPITAL PARTNERS, LLC
reduced
-10.02
34,413
357,105
0.04%
May 07, 2024
FORSTA AP-FONDEN
added
64.15
7,054,620
13,978,200
0.12%
May 07, 2024
PANAGORA ASSET MANAGEMENT INC
reduced
-34.11
-401,517
1,716,040
0.01%
May 07, 2024
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
new
-
25,921,000
25,921,000
1.21%
May 07, 2024
Aull & Monroe Investment Management Corp
reduced
-0.19
702,615
3,790,670
1.73%
May 07, 2024
Smithfield Trust Co
unchanged
-
21,000
102,000
-%
May 07, 2024
Donoghue Forlines LLC
new
-
1,899,900
1,899,900
0.54%
May 07, 2024
ASSETMARK, INC
added
1.74
1,021,710
5,086,040
0.02%

1–10 of 47

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
May 08, 2024
4
Insider Trading
May 07, 2024
144
Notice of Insider Sale Intent
May 06, 2024
DEFA14A
DEFA14A
May 02, 2024
10-Q
Quarterly Report
May 02, 2024
8-K
Current Report
Apr 23, 2024
PX14A6G
PX14A6G
Apr 01, 2024
DEFA14A
DEFA14A
Apr 01, 2024
ARS
ARS
Apr 01, 2024
DEF 14A
DEF 14A
Mar 22, 2024
SC 13G
Major Ownership Report

Peers (Alternatives to Cummins Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
184.8B
69.5B
7.88% 67.19%
52.64
2.66
16.04% -60.91%
170.1B
67.0B
-7.76% 61.36%
15.13
2.54
8.59% 58.17%
39.5B
34.0B
-3.74% 30.80%
19.18
1.16
12.85% -19.64%
39.2B
6.7B
-6.49% 17.15%
29.7
5.81
7.11% 10.53%
12.5B
15.3B
-5.68% 14.98%
-910.22
0.82
13.36% -103.70%
MID-CAP
10.3B
6.9B
-5.46% 69.51%
59.66
1.48
3.19% 62.26%
6.6B
15.5B
-9.10% 42.85%
21.55
0.42
7.53% 3145.00%
6.4B
4.4B
2.11% 35.46%
27.49
1.45
17.31% 1.26%
4.3B
2.4B
4.25% 28.36%
29.82
1.8
4.48% -49.27%
2.3B
1.7B
-12.09% 7.37%
17.3
1.37
8.96% 15.52%
SMALL-CAP
1.4B
1.4B
17.50% -36.10%
24.09
1
-13.54% -25.70%
878.1M
573.3M
30.01% 64.12%
27.14
1.53
26.00% -2.24%
786.8M
35.8M
-42.57% -32.28%
-0.83
21.95
-27.93% -18.06%
417.1M
135.4M
6.35% 230.98%
-25.43
3.08
-25.90% 65.37%
271.5M
100.1M
23.80% 315.03%
-33.27
2.71
2.80% 39.07%

Cummins Inc News

Latest updates
MarketBeat • 4 hours ago
Defense World • 21 hours ago
Yahoo Singapore News • 07 May 2024 • 12:25 am
Yahoo Singapore News • 07 May 2024 • 12:25 am
MarketWatch • 06 May 2024 • 08:58 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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-1.6%8,4038,5438,4318,6388,4537,7707,3336,5866,3855,8505,9686,1116,0925,8305,1183,8525,0115,5785,7686,2216,004
Cost Of Revenue-2.8%6,3626,5426,3606,4906,4245,9515,6914,8604,8534,5334,5544,6334,6064,4693,7692,9623,7174,2654,2744,5804,472
Gross Profit2.0%2,0412,0012,0712,1482,0291,8191,6421,7261,5321,3171,4141,4781,4861,3611,3498901,2941,3131,4941,6411,532
  S&GA Expenses-4.2%839876831873753742708622615629571600574576533470546632600629593
  R&D Expenses-5.4%369390376384350333348299298288266276260255224189238271242251237
EBITDA Margin0.6%0.12*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*
Interest Expenses-3.3%89.0092.0097.0099.0087.0087.0061.0034.0017.0026.0028.0029.0028.0029.0025.0023.0023.0022.0026.0029.0032.00
Income Taxes18.4%19316318821222313419914815511413416717212518293.0012765.00139186176
Earnings Before Taxes-2,221---1,029----------------
EBT Margin0.1%0.08*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*
Net Income245.6%2,028-1,393690737806644409707423400541612611501504269528300622675663
Net Income Margin145.8%0.06*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-88.6%1079401,24926230235418045260.003604194912528821,107-99.00304533970675303
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.6%31,82732,00532,09731,73531,43330,29929,76924,47724,12223,71023,06322,60822,96222,62421,56820,31420,07619,73720,34620,25419,846
  Current Assets2.8%15,62015,19815,91215,41015,36814,45114,39812,76212,59612,30912,32011,93112,12211,89711,0629,8349,7909,38710,22810,45010,091
    Cash Equivalents16.6%2,5412,1792,3871,8021,9802,1012,4992,4622,2762,5922,5882,4812,9583,4012,9671,7511,6911,1291,5601,3971,328
  Inventory1.4%5,7585,6775,9066,0265,8785,6035,5434,7654,5864,3554,3224,0763,7533,4253,4703,6553,5793,4863,8213,8963,893
  Net PPE-3.8%6,0116,2495,8015,7235,5905,5215,2014,3894,3814,4224,1854,1744,1964,2554,0874,0674,1284,2454,0564,0774,066
  Goodwill-3.7%2,4062,49990.00-18.002,3432,2291,3911081,2871,2891,2911,2901,2931,2881,2841,2831,2861,288--
Liabilities-1.7%21,72622,10120,41920,37920,55220,07420,15914,82214,75914,30914,06013,81513,93113,63512,92712,18412,05811,27211,59311,05811,119
  Current Liabilities-9.4%11,68612,90311,12611,04511,92311,42110,5307,6717,5127,0846,8616,6046,6606,3355,7096,9166,9826,2606,7256,2896,427
  Long Term Debt20.2%5,7714,8024,9505,0894,4094,4985,4503,4903,5023,5793,6023,6203,6203,6103,6091,6391,5801,5761,6191,6241,605
    LT Debt, Current-4.2%11311857357556957355.0065.0069.0059.0055.0057.0061.0062.0058.0066.0033.0031.0037.0046.0037.00
Shareholder's Equity14.1%10,1018,85010,65811,35610,6208,9759,3589,4298,9719,0358,7028,44748.008,7078,6418,1308,0188,4078,7539,1968,727
  Retained Earnings9.8%19,60517,85119,52019,10218,60518,03717,62817,45016,95216,74116,55516,22815,82515,41915,11814,81114,72814,41614,31513,89713,401
Accumulated Depreciation-3.4%5,2425,4255,2975,1995,0394,9865,0304,9854,9524,9364,9714,9354,8484,7564,6664,5534,4504,4544,3964,3474,283
Shares Outstanding-137-142142142-141142142142145145147148148148149-157157157
Minority Interest-1.9%1,0341,0541,0201,019997992978917927889921927922927941938950958943918907
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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-81.1%276,0001,459,0001,529,000483,000495,000817,000382,000599,000164,000732,000569,000616,000339,0001,142,0001,223,000-22,000379,000838,0001,123,000808,000412,000
  Share Based Compensation-------10,0009,0005,00012,0007,00010,0008,0009,00010,0008,0004,00012,0009,00019,0009,000
Cashflow From Investing48.1%-406,000-783,000-254,000-378,000-228,000-676,000-2,920,000-566,000-10,000-595,000-132,000-121,000-25,000-382,000-103,000-135,000-99,000-321,000-418,000-340,000-71,000
Cashflow From Financing145.0%499,000-1,108,000-466,000-240,000-363,000-442,0002,502,000106,000-497,000-148,000-357,000-977,000-745,000-284,000104,000226,000234,000-897,000-487,000-364,000-347,000
  Dividend Payments0.4%239,000238,000238,000223,000222,000222,000222,000204,000207,000208,000207,000197,000197,000200,000194,000193,000195,000199,000204,000179,000179,000
  Buy Backs------4,00023,00036,000311,000174,000138,000672,000418,00091,000--550,000465,000706,000-100,000
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CMI Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]  
NET SALES (Notes 1 and 2)$ 8,403$ 8,453
Cost of sales6,3626,424
GROSS MARGIN2,0412,029
OPERATING EXPENSES AND INCOME  
Selling, general and administrative expenses839753
Research, development and engineering expenses369350
Equity, royalty and interest income from investees (Note 4)123119
Other operating expense, net3319
OPERATING INCOME9231,026
Interest expense8987
Other income, net (Note 14)1,38790
INCOME BEFORE INCOME TAXES2,2211,029
Income tax expense (Note 5)193223
CONSOLIDATED NET INCOME2,028806
Less: Net income attributable to noncontrolling interests3516
NET INCOME ATTRIBUTABLE TO CUMMINS INC.$ 1,993$ 790
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.  
Basic (in dollars per share)$ 14.10$ 5.58
Diluted (in dollars per share)$ 14.03$ 5.55
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING  
Basic (in shares)141.3141.5
Dilutive effect of stock compensation awards (in shares)0.80.9
Diluted (in shares)142.1142.4

CMI Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2024
Dec. 31, 2023
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, Shares85.780.7
Current assets  
Cash and cash equivalents$ 2,541$ 2,179
Marketable securities (Note 6)510562
Total cash, cash equivalents and marketable securities3,0512,741
Accounts and notes receivable, net5,4635,583
Inventories (Note 7)5,7585,677
Prepaid expenses and other current assets1,3481,197
Total current assets15,62015,198
Long-term assets  
Property, plant and equipment11,25311,674
Accumulated depreciation(5,242)(5,425)
Property, plant and equipment, net6,0116,249
Investments and advances related to equity method investees1,7741,800
Goodwill2,4062,499
Other intangible assets, net2,4552,519
Pension assets (Note 3)1,1871,197
Other assets (Note 8)2,3742,543
Total assets31,82732,005
Current liabilities  
Accounts payable (principally trade)4,4764,260
Loans payable (Note 9)342280
Commercial paper (Note 9)6091,496
Current maturities of long-term debt (Note 9)113118
Accrued compensation, benefits and retirement costs5611,108
Current portion of accrued product warranty (Note 10)652667
Current portion of deferred revenue (Note 2)1,2361,220
Other accrued expenses (Note 8)3,6973,754
Total current liabilities11,68612,903
Long-term liabilities  
Long-term debt (Note 9)5,7714,802
Deferred revenue (Note 2)1,061966
Other liabilities (Note 8)3,2083,430
Total liabilities21,72622,101
Commitments and contingencies (Note 11)
Cummins Inc. shareholders' equity  
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued2,5572,564
Retained earnings19,60517,851
Treasury stock, at cost, 85.7 and 80.7 shares(10,831)(9,359)
Accumulated other comprehensive loss (Note 12)(2,264)(2,206)
Total Cummins Inc. shareholders' equity9,0678,850
Noncontrolling interests1,0341,054
Total equity10,1019,904
Total Liabilities and Equity$ 31,827$ 32,005
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 Wed May 08 2024, market cap of Cummins Inc is 39.55 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 Wed May 08 2024, CMI's PE ratio (Price to Earnings) is 19.18 and Price to Sales (PS) ratio is 1.16. 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 0.095 (multiply by 100 for percentage) rate of return.