CMI
Cummins Inc.
Industrial - Machinery
Market Cap$93.26B
5Y Perf.+298.0%
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Stock Comparison
CMI vs CNH
Revenue, margins, valuation, and 5-year total return — side by side.
CNH
CNH Industrial N.V.
Agricultural - Machinery
Market Cap$12.80B
5Y Perf.+67.8%
CMI vs CNH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CMI | CNH |
|---|---|---|
| Industry | Industrial - Machinery | Agricultural - Machinery |
| Market Cap | $93.26B | $12.80B |
| Revenue (TTM) | $33.89B | $18.09B |
| Net Income (TTM) | $2.67B | $386M |
| Gross Margin | 25.4% | 31.4% |
| Operating Margin | 11.2% | 14.6% |
| Forward P/E | 25.6x | 24.9x |
| Total Debt | $8.11B | $27.03B |
| Cash & Equiv. | $2.85B | $3.23B |
CMI vs CNH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CMI
CNH
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Cummins Inc. (CMI) | 100 | 398.0 | +298.0% |
| CNH Industrial N.V. (CNH) | 100 | 167.8 | +67.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CMI vs CNH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CMI leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. CNH Industrial N.V. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
CMI
Cummins Inc.
The Growth Play
CMI carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -1.3%, EPS growth -27.7%, 3Y rev CAGR 6.2%
- 5.4% 10Y total return vs CNH's 72.4%
- -1.3% revenue growth vs CNH's -8.8%
Best for: growth exposure and long-term compounding
CNH
CNH Industrial N.V.
The Income Pick
CNH is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 1.15, yield 2.6%
- Lower volatility, beta 1.15, current ratio 7.75x
- Beta 1.15, yield 2.6%, current ratio 7.75x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CMI | -1.3% revenue growth vs CNH's -8.8% |
| Value | CNH | Lower P/E (24.9x vs 25.6x) |
| Quality / Margins | CMI | 7.9% margin vs CNH's 2.1% |
| Stability / Safety | CNH | Beta 1.15 vs CMI's 1.57 |
| Dividends | CNH | 2.6% yield, vs CMI's 1.1% |
| Momentum (1Y) | CMI | +125.9% vs CNH's -14.9% |
| Efficiency (ROA) | CMI | 7.8% ROA vs CNH's 0.9%, ROIC 16.7% vs 6.6% |
CMI vs CNH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CMI vs CNH — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCMILAGGINGCNH
CNHCNH Industrial N.V.
1leads
CMICummins Inc.
2leads
6 Total Categories
CATEGORYLEADERvs CNHMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
CNH6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CMI9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CMI6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
Evenly matched — CMI and CNH each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CMI is the larger business by revenue, generating $33.9B annually — 1.9x CNH's $18.1B. CMI is the more profitable business, keeping 7.9% of every revenue dollar as net income compared to CNH's 2.1%.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| RevenueTrailing 12 months | $33.9B | $18.1B |
| EBITDAEarnings before interest/tax | $4.6B | $3.3B |
| Net IncomeAfter-tax profit | $2.7B | $386M |
| Free Cash FlowCash after capex | $2.7B | $1.8B |
| Gross MarginGross profit ÷ Revenue | +25.4% | +31.4% |
| Operating MarginEBIT ÷ Revenue | +11.2% | +14.6% |
| Net MarginNet income ÷ Revenue | +7.9% | +2.1% |
| FCF MarginFCF ÷ Revenue | +7.9% | +10.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.7% | -0.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -21.0% | -94.4% |
Evenly matched — CMI and CNH each lead in 3 of 6 comparable metrics.
Valuation Metrics
CNH leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 25.2x trailing earnings, CNH trades at a 24% valuation discount to CMI's 32.9x P/E. On an enterprise value basis, CNH's 10.7x EV/EBITDA is more attractive than CMI's 19.4x.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| Market CapShares × price | $93.3B | $12.8B |
| Enterprise ValueMkt cap + debt − cash | $98.5B | $36.6B |
| Trailing P/EPrice ÷ TTM EPS | 32.93x | 25.17x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.64x | 24.87x |
| PEG RatioP/E ÷ EPS growth rate | 2.92x | — |
| EV / EBITDAEnterprise value multiple | 19.37x | 10.71x |
| Price / SalesMarket cap ÷ Revenue | 2.77x | 0.71x |
| Price / BookPrice ÷ Book value/share | 6.98x | 1.65x |
| Price / FCFMarket cap ÷ FCF | 39.09x | 6.42x |
CNH leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
CMI leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
CMI delivers a 20.3% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $5 for CNH. CMI carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to CNH's 3.45x. On the Piotroski fundamental quality scale (0–9), CMI scores 7/9 vs CNH's 6/9, reflecting strong financial health.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| ROE (TTM)Return on equity | +20.3% | +4.9% |
| ROA (TTM)Return on assets | +7.8% | +0.9% |
| ROICReturn on invested capital | +16.7% | +6.6% |
| ROCEReturn on capital employed | +17.9% | +8.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.61x | 3.45x |
| Net DebtTotal debt minus cash | $5.3B | $23.8B |
| Cash & Equiv.Liquid assets | $2.8B | $3.2B |
| Total DebtShort + long-term debt | $8.1B | $27.0B |
| Interest CoverageEBIT ÷ Interest expense | 9.45x | 1.76x |
CMI leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CMI leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CMI five years ago would be worth $27,146 today (with dividends reinvested), compared to $7,500 for CNH. Over the past 12 months, CMI leads with a +125.9% total return vs CNH's -14.9%. The 3-year compound annual growth rate (CAGR) favors CMI at 45.4% vs CNH's -8.0% — a key indicator of consistent wealth creation.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| YTD ReturnYear-to-date | +29.7% | +10.4% |
| 1-Year ReturnPast 12 months | +125.9% | -14.9% |
| 3-Year ReturnCumulative with dividends | +207.7% | -22.3% |
| 5-Year ReturnCumulative with dividends | +171.5% | -25.0% |
| 10-Year ReturnCumulative with dividends | +542.4% | +72.4% |
| CAGR (3Y)Annualised 3-year return | +45.4% | -8.0% |
CMI leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CMI and CNH each lead in 1 of 2 comparable metrics.
Risk & Volatility
CNH is the less volatile stock with a 1.15 beta — it tends to amplify market swings less than CMI's 1.57 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CMI currently trades 98.2% from its 52-week high vs CNH's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.57x | 1.15x |
| 52-Week HighHighest price in past year | $687.46 | $14.27 |
| 52-Week LowLowest price in past year | $290.73 | $9.00 |
| % of 52W HighCurrent price vs 52-week peak | +98.2% | +72.3% |
| RSI (14)Momentum oscillator 0–100 | 64.2 | 42.6 |
| Avg Volume (50D)Average daily shares traded | 783K | 15.2M |
Evenly matched — CMI and CNH each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CMI and CNH each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CMI as "Buy" and CNH as "Buy". Consensus price targets imply 28.4% upside for CNH (target: $13) vs -8.0% for CMI (target: $621). For income investors, CNH offers the higher dividend yield at 2.58% vs CMI's 1.13%.
| Metric | CMICummins Inc. | CNHCNH Industrial N.… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $621.10 | $13.25 |
| # AnalystsCovering analysts | 51 | 14 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | +2.6% |
| Dividend StreakConsecutive years of raises | 21 | 0 |
| Dividend / ShareAnnual DPS | $7.61 | $0.27 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Evenly matched — CMI and CNH each lead in 1 of 2 comparable metrics.
Key Takeaway
CMI leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). CNH leads in 1 (Valuation Metrics). 3 tied.
Best OverallCummins Inc. (CMI)Leads 2 of 6 categories
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CMI vs CNH: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CMI or CNH a better buy right now?
For growth investors, Cummins Inc.
(CMI) is the stronger pick with -1. 3% revenue growth year-over-year, versus -8. 8% for CNH Industrial N. V. (CNH). CNH Industrial N. V. (CNH) offers the better valuation at 25. 2x trailing P/E (24. 9x forward), making it the more compelling value choice. Analysts rate Cummins Inc. (CMI) a "Buy" — based on 51 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CMI or CNH?
On trailing P/E, CNH Industrial N.
V. (CNH) is the cheapest at 25. 2x versus Cummins Inc. at 32. 9x. On forward P/E, CNH Industrial N. V. is actually cheaper at 24. 9x.
03Which is the better long-term investment — CMI or CNH?
Over the past 5 years, Cummins Inc.
(CMI) delivered a total return of +171. 5%, compared to -25. 0% for CNH Industrial N. V. (CNH). Over 10 years, the gap is even starker: CMI returned +542. 4% versus CNH's +72. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CMI or CNH?
By beta (market sensitivity over 5 years), CNH Industrial N.
V. (CNH) is the lower-risk stock at 1. 15β versus Cummins Inc. 's 1. 57β — meaning CMI is approximately 36% more volatile than CNH relative to the S&P 500. On balance sheet safety, Cummins Inc. (CMI) carries a lower debt/equity ratio of 61% versus 3% for CNH Industrial N. V. — giving it more financial flexibility in a downturn.
05Which is growing faster — CMI or CNH?
By revenue growth (latest reported year), Cummins Inc.
(CMI) is pulling ahead at -1. 3% versus -8. 8% for CNH Industrial N. V. (CNH). On earnings-per-share growth, the picture is similar: Cummins Inc. grew EPS -27. 7% year-over-year, compared to -58. 6% for CNH Industrial N. V.. Over a 3-year CAGR, CMI leads at 6. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CMI or CNH?
Cummins Inc.
(CMI) is the more profitable company, earning 8. 4% net margin versus 2. 8% for CNH Industrial N. V. — meaning it keeps 8. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNH leads at 15. 4% versus 11. 9% for CMI. At the gross margin level — before operating expenses — CNH leads at 31. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CMI or CNH more undervalued right now?
On forward earnings alone, CNH Industrial N.
V. (CNH) trades at 24. 9x forward P/E versus 25. 6x for Cummins Inc. — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNH: 28. 4% to $13. 25.
08Which pays a better dividend — CMI or CNH?
All stocks in this comparison pay dividends.
CNH Industrial N. V. (CNH) offers the highest yield at 2. 6%, versus 1. 1% for Cummins Inc. (CMI).
09Is CMI or CNH better for a retirement portfolio?
For long-horizon retirement investors, CNH Industrial N.
V. (CNH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 15), 2. 6% yield). Cummins Inc. (CMI) carries a higher beta of 1. 57 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CNH: +72. 4%, CMI: +542. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CMI and CNH?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CMI: 2.7% · CNH: -0.1%)Net Margin>
%
(CMI: 7.9% · CNH: 2.1%)P/E Ratio<
x
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