Cummins is executing a strategic pivot toward power generation and aftermarket services, evidenced by a 9.4% YoY revenue growth in 2026Q2 and gross margin expansion to 26.1%. The balance sheet has strengthened, with D/E improving to 0.60 and current ratio at 1...
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Revenue growth turned positive at 9.4% YoY in 2026Q2, with gross margin expanding to 26.1% and operating margin reaching 13.5%, though EPS was inflated by a $0.9B one-time gain.
Cummins reported a 41% YoY increase in Q4 diluted EPS to $4.27, driven by 11% operating profit growth despite flat revenue.
The Power Systems segment achieved a 22.7% EBITDA margin on $7.5B revenue, with 12-17% growth projections for 2026 due to rising data center demand.
Cummins raised its full-year 2026 revenue guidance to 8%-11% growth, citing stronger North American on-highway and power generation demand.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $6.73-6.7% vs $7.21 | $9.5B+1.4% vs $9.3B |
Q2 2026 May 5, 2026 | $6.15+9.2% vs $5.63 | $8.4B+0.4% vs $8.4B |
Q1 2026 Feb 5, 2026 | $5.81+13.9% vs $5.10 | $8.5B+5.3% vs $8.1B |
Q4 2025 Nov 6, 2025 | $5.59+15.7% vs $4.83 | $8.3B+4.1% vs $8.0B |
Nykredit A S purchased a new stake in Cummins Inc. (NYSE: CMI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,636 shares of the company's stock, valued at approximately $40,393,000. Several other institutional investors have also recently made changes to
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GNRC lands a long-term Amazon generator deal with $2.4B of initial 2027-2028 deliveries, expanding its data center power business.
Cummins NYSE: CMI executives said demand in North American trucking and data-center power markets remains strong, while recent regulatory clarity around 2027 emissions rules has reduced uncertainty for fleet customers.
Benchmark CMI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Cummins Inc. (CMI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $524.65 | $72.4B | 25.59 | -1.27% | 8.44% | 23.01% | 1.45% | |
| $112.09 | $58.99B | 24.85 | -15.5% | 9.18% | 12.73% | — | |
| $812.02 | $374.05B | 43.12 | 4.29% | 14.5% | 54.14% | — | |
| $709.48 | $191.52B | 38.35 | -11.59% | 10.22% | 18.07% | — | |
| $121.68 | $8.81B | 12.48 | -13.55% | 5.15% | 11.64% | — | |
| $13.75 | $17.05B | 33.54 | -8.78% | 1.71% | 3.97% | — |
Cummins Inc. (CMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Cummins Inc. (CMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
May 14, 2026·SEC
May 5, 2026·SEC
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Cummins Inc. (CMI) stock FAQ — growth, dividends, profitability & financials explained
Cummins Inc. (CMI) reported $34.71B in revenue for fiscal year 2025. This represents a 560% increase from $5.26B in 1996.
Cummins Inc. (CMI) saw revenue decline by 1.3% over the past year.
Yes, Cummins Inc. (CMI) is profitable, generating $2.71B in net income for fiscal year 2025 (8.4% net margin).
Yes, Cummins Inc. (CMI) pays a dividend with a yield of 1.45%. This makes it attractive for income-focused investors.
Cummins Inc. (CMI) has a return on equity (ROE) of 23.0%. This is excellent, indicating efficient use of shareholder capital.
Cummins Inc. (CMI) generated $3.37B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
