Cummins Inc.

Cummins Inc.

CMI

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Market Cap$77.94B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cummins Inc.Cummins Inc.28.71.45%21%2.20.7

Earnings Call Q2 2026

August 4, 2026 - AI Summary

Q2 results were strong and beat the “cycle-over-cycle” theme - Record Q2 sales: $9.5B, +9% YoY - EBITDA: $1.7B (17.5% margin) vs $1.6B (18.4%) YoY - Main drivers of higher EBITDA dollars: higher power generation volumes, joint venture earnings, and positive pricing - Offsets / headwinds noted: tariffs (described as *immaterial to EBITDA dollars in Q2* by CFO) plus higher incentive compensation tied to record full-year projections
Capacity-constrained but high-demand “Power Systems” momentum is the standout opportunity - Management repeatedly emphasized exceptionally strong data center backup / prime power demand - North America power generation revenue: +19% YoY (data centers + additional capacity brought online end of 2025) - China (incl. JVs): $2.3B, +30% YoY, driven by accelerating data center demand; also noted strong on/off-highway and construction improvement - Power Gen revenues outlook: still expected +15% to +25% in 2026, but growth is constrained by capacity for large gensets—customers sometimes shifting toward smaller configurations
2026 outlook: raised again (good), with clearer end-market visibility (good/surprising) - Full-year revenue growth forecast raised to: +10% to +13% (from prior +8% to +11%) - EBITDA margin dollars guidance raised (midpoint): to ~18.0%–18.5% - Underlying optimism attributed to: stronger North America on-highway, continued power generation, and improved China demand in multiple end markets (especially data centers)

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$803.15

Target Price by Analysts

47.2% upsideCummins Target Price DetailsTarget Price
$179.49

Current Fair Value

67.1% downside

Overvalued by 67.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$77.94 Billion
Enterprise Value$84.05 Billion
Dividend Yield$8.20 (1.45%)
Earnings per Share$20.62
Beta1.25
Outstanding Shares138,100,000

Return

Return on Equity21.13%ROE
Return on Assets7.62%
Return on Invested Capital15.37%

Valuation & Multiples

P/E Ratio28.75P/E Ratio
PEG609.13PEG
Price to Sales2.17Price to Sales
Price to Book Ratio5.46Price to Book Ratio
Enterprise Value to Revenue2.42
Enterprise Value to EBIT21.91
Enterprise Value to Net Income30
Total Debt to Enterprise0.11
Debt to Equity0.72Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 4, 2026
EPS Estimate
$7.21
Average shareholder expectation
Revenue Estimate
$9.33 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 5, 2026
EPS Estimate
$8.20
Average shareholder expectation
Revenue Estimate
$9.82 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1046 18.66%
Total Calls731,806 1.69%
Total Puts808,378 22.36%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %192.87% 108.45%
Total Invested$84.37B 34.58%
Investors Holding2,159 145.00%

ESG Score

No data

About Cummins Inc.

CEO: Norman Linebarger