Cummins (CMI)
Industrials · Commercial diesel engines and electric powertrains
Global leader in diesel, natural gas, electric and hybrid powertrains and power generation systems serving heavy-duty trucks, buses, industrial and off-highway markets with a 105-year heritage.
What Cummins does
Cummins designs, manufactures and distributes a broad portfolio of diesel, natural gas, gasoline, electric and hybrid powertrains across five segments: Engine, Components, Distribution, Power Systems and Accelera. The company serves original equipment manufacturers (OEMs), distributors and dealers globally with approximately 640 service locations and 13,000 certified dealer locations in 190 countries, competing on performance, emissions compliance, fuel economy, and customer support. Founded in 1919, Cummins is executing a "Destination Zero" strategy to transition customers toward zero emissions technologies including battery systems and electric powertrains. The company also recently completed the divestiture of Atmus Filtration Technologies and settled EPA/CARB emissions compliance claims with a $1.9 billion payment.
Themes: ["Energy transition","Zero-emission powertrains","Electrification","Heavy-duty commercial vehicles","Emissions compliance","Distributed power generation","Industrial engines","Alternative fuels (natural gas)","Global industrial supply chain","Vehicle electrification infrastructure"]
Fundamentals
- Price$673.39 as of 2026-07-09 close
- Market cap$94.3B as of 2026-07-10
- 1-year return+101.3% as of 2026-07-09 close
- P/E35.28 as of 2026-07-10
- Net margin+7.9% as of 2026-07-10
- Gross margin+25.4% as of 2026-07-10
- ROE+22.0% as of 2026-07-10
- Debt / equity0.62 as of 2026-07-10
- Revenue growth (YoY)+0.1% as of 2026-07-10
- Revenue CAGR (3y)+6.2% SEC XBRL
- Beta1.24 as of 2026-07-10
Dividend: yield +1.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory compliance and emissions standards exposure: significant settlement payments ($1.9B in 2024) related to EPA/CARB emissions certification claims demonstrate ongoing regulatory risk and potential for future penalties as environmental standards tighten globally","Energy transition execution risk: successful transition from traditional diesel powertrains to electric/zero-emission technologies required through Destination Zero strategy; delayed adoption, technology challenges, or competitive disruption could impair core business","Cyclical commercial vehicle market dependency: heavy reliance on OEM orders for heavy-duty trucks and buses, which fluctuate with economic cycles, freight demand and capital equipment purchasing patterns affecting revenue stability"]
Competitors & peers
- Volvo AB
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.