Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
CMI · NYSE · Industrial
Fundamental quality
70
out of 100
Cummins Inc earns a fundamental-quality score of 70 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 0.86× EBITDA). Its weakest area is its growth (revenue +10.8%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Cummins makes the diesel engines powering trucks across half the world, plus generators and power systems. Its challenge of the era: managing the diesel cash cow while investing in hydrogen, natural gas and batteries for heavy transport's transition.
EPS growth: 9.4% · Revenue growth: 10.8%
Net margin: 8.2% · ROE: 22.6% · ROIC: 17%
Net debt/EBITDA: 0.86x · FCF: 7.9%
Source: SEC EDGAR · TTM through 31/03/2026
The score includes +2 for dividend strength: 8 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 19,811 | 1,811 | 2,194 | 271 |
| 2021 | 24,021 | 2,164 | 1,522 | 1,046 |
| 2022 | 28,074 | 2,183 | 1,046 | 3,051 |
| 2023 | 34,065 | 840 | 2,753 | 2,741 |
| 2024 | 34,102 | 4,068 | 279 | 3,773 |
| 2025 | 33,670 | 2,957 | 2,386 | 4,041 |
Between 2020 and 2025, revenue went from $19,811M to $33,670M (+70%) and net income went from $1,811M to $2,957M (+63%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$7.64
per share, yearly
35.7% of earnings
Payout
at least 8 straight years raising it
Growth
That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Cummins Inc cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Cummins Inc a good company to invest in?
In terms of business quality, Cummins Inc scores 70 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Cummins Inc a profitable company?
Cummins Inc is profitable, with a net margin of 8.2%, though a thin one.
Does Cummins Inc have a lot of debt?
Not particularly. Its net debt is 0.86 times its EBITDA, a low level.
Is Cummins Inc growing?
Its revenue has grown 10.8% annualized in recent years and its earnings per share 9.4%.
Does Cummins Inc generate cash?
Yes. It converts about 7.9% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Cummins Inc's filings on EDGAR
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