Key facts, as of
As of October 8, 2026, Cummins Inc. (CMI) trades at $517.32, up 19.2% over the past year. Its 52-week range runs from $400.72 to $737.76; the price is 29.9% below that high. It is 29.9% below its all-time high of $737.76, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +419.6%, against +312.9% for the S&P 500 (SPY). It sits 14.3% below its 200-day average of $603.66, the usual sign of a long-term downtrend. Its 30-day volatility is 23.3% annualized, which we rate medium risk. It has a trailing P/E of 26.4 and a dividend yield of 1.70%.
Cite: Portfolio Terminal, "Cummins Inc. (CMI) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/cmi
Where it trades today
trading 35% of the way up its 52-week range
How the price has moved
How far it is from its record
Cummins Inc. (CMI) is 29.9% below its all-time high of $737.76, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +419.6%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Order-book quality, backlog conversion, and operating leverage usually tell you more than a single quarter of revenue growth.
- CMI trades at 26.4x earnings, well above the industrials average of 18.5x, so the market is already pricing in above-consensus execution.
- CMI carries a beta of 1.24, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- CMI remains in a bearish short-term trend and sits 29.9% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- CMI is more useful for investors comparing conviction names inside industrials than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in CMI.
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
Methodology
- Price, market cap, beta, yield, and liquidity fields for CMI come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Industrials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as CAT, HON.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for CMI. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as CAT, HON.
What Cummins Inc. does
Cummins Inc. offers various power solutions worldwide. The company operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. It offers diesel and natural gas-powered engines; and drivetrain systems, including axles, drivelines, brakes, and suspension systems; and on- and off-highway, and other products. The company also provides aftertreatment technology and solutions comprising custom engineering systems and integrated controls, oxidation catalysts, particulate filters, and selective catalytic reduction systems, as well as engineered components, including dosers; turbochargers, fuel systems, and valvetrain technologies; electronic control modules,…
Employees
67,400
Industry
Specialty Industrial Machinery
Headquarters
Columbus, United States
What analysts expect
CMI carries a buy consensus from 19 analysts, with an average price target of $743.08 versus $517.32 today (+43.6%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
CMI generated $34.71B in trailing revenue (9.4% year over year), with a 7.8% net margin, and $2.23B of free cash flow, against $4.36B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $33.67B | $8.52B | $3.87B | $2.84B | $20.62 | $2.39B |
| 2024 | $34.10B | $8.44B | $3.37B | $3.95B | $28.55 | $279.00M |
| 2023 | $34.06B | $8.25B | $1.28B | $735.00M | $5.19 | $2.75B |
| 2022 | $28.07B | $6.72B | $2.58B | $2.15B | $15.20 | $1.05B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
CMI is in 9 of the 30 ETFs we track. It weighs most in XLI: 1.33% of the fund, holding #24 of 83.
How it sits in industrials
Manufacturing, aerospace, defense, and infrastructure companies.
The companies it competes with
CMI beside the industrials names it is usually measured against.
What the chart is saying
In a downtrend, with $512.85 the next floor.
downtrend- Price is 9.7% below its 50-day average and 14.3% below its 200-day.
- The 50-day crossed below the 200-day on 2026-09-22 (a “death cross”).
- RSI at 38 is neither stretched nor washed out.
- The nearest ceiling is $525.23 (+1.5%), the nearest floor $512.85 (-0.9%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is CMI a good investment in 2026?
Cummins Inc. trades at a P/E ratio of 26.4, with medium volatility (23.3% annualized). Recent trend shows weakness.
What is the risk level of CMI?
Based on 30-day volatility of 23.3%, CMI has MEDIUM risk. Beta of 1.24 indicates higher sensitivity to market movements than average.
Does CMI pay dividends?
Yes, Cummins Inc. has a dividend yield of 1.70%.
How far is CMI from its all-time high?
Cummins Inc. is 29.9% below its all-time high of $737.76, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +419.6%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold CMI?
9 of the 30 popular ETFs we track hold Cummins Inc.. The largest weights: XLI (1.33%), JEPI (0.36%), VIG (0.33%), VYM (0.31%) and VTV (0.28%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is CMI?
0.12%, as of August 31, 2026: CMI is holding #150 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $1.18 in Cummins Inc..
What is the analyst price target for CMI?
The average analyst price target for Cummins Inc. (CMI) is $743.08 based on 19 analyst estimates, about 43.6% above the current price of $517.32. The published range runs from $530.00 to $890.00.
How much revenue does CMI generate?
Cummins Inc. reported $34.71B in trailing twelve-month revenue. Revenue growth is running at 9.4% year over year. Net margin sits at 7.8%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare CMI with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.