Why did Cummins (CMI) stock move recently?

On 7/28/2026, Cummins moved -3.1% — No company-specific catalyst or filing today; CMI moved lower with broader industrial/manufacturing sector amid ongoing tariff concerns. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Cummins (CMI) overvalued or fairly valued?

MarketChacha shows Cummins's valuation in context — a trailing P/E of about 25.8, a forward P/E of about 16.3, a price-to-book of about 6.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Cummins's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.15×) from reported figures — education, not a rating.

What is Cummins's revenue?

Cummins reported revenue of $33.7B for FY2025, with net profit of $3.0B, per official filings.

What is the share price of Cummins (CMI)?

Cummins last traded at $560.75 (+1.8% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Cummins

CMI · NYSE · Industrials · United States

Snapshot

TickerCMI

ExchangeNYSE

SectorIndustrials

IndustrySpecialty Industrial Machinery

CountryUnited States

Employees67,400

HeadquartersColumbus, United States

Websitewww.cummins.com

Filings tracked11

About Cummins

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, sensors, and supporting software; and automated manual transmissions, and automatic transmissions for internal combustion engines. In addition, it sells and offers support services power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines; offers application engineering services, custom-designed assemblies, and in-shop and field-based repair services; and retail and wholesale aftermarket parts. Further, the company offers standby and prime power generators, controls, paralleling systems, and transfer switches; turnkey solutions for distributed generation and energy management applications using natural gas, diesel, battery energy storage systems, and newer alternative sustainable fuels; diesel and natural gas high-speed, high-horsepower engines; and A/C generator/alternator products. Additionally, it provides electrified power systems, including batteries, fuel cells, and electric powertrain technologies. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

Who owns it

Insiders0.2%
Institutions87.8%
Public & other12.0%

2,687 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.36%
Vanguard Capital Management LLC6.55%
Vanguard Portfolio Management LLC5.47%
State Street Corporation5.02%
FMR, LLC4.42%
Fisher Asset Management, LLC2.61%
Geode Capital Management, LLC2.35%
Morgan Stanley2.26%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.15×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.5% → 8.8%

Margin has expanded by about 6.3 points — the business is getting more profitable.

Return on equity23.9%

Latest ROE of 23.9% — capital is generating a healthy return.

Growth qualityrev -1% · PAT 88%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $10.0B · EPS 8.54

Est. earnings growth +46.4%

Next fiscal year

Rev $40.9B · EPS 33.73

Est. earnings growth +16.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$33.7B

Net margin

8.8%

ROE

23.9%

Revenue CAGR (2y)

-0.6%

Profit CAGR (2y)

+87.6%

EPS (FY2025)

20.50

Net profit (FY2025)

$3.0B

Ask MarketChacha about CMI

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 28, 2026
No company-specific catalyst or filing today; CMI moved lower with broader industrial/manufacturing sector amid ongoing tariff concerns.
source 1 ↗· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about CMI

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$33.7B	$3.0B	20.50	8.8%	23.9%
FY2024	$34.1B	$4.1B	28.37	11.9%	39.6%
FY2023	$34.1B	$840.0M	5.15	2.5%	9.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$9.5B	$968.0M	6.73	10.2%
2026Q1	$8.4B	$680.0M	4.71	8.1%
2025Q3	$8.3B	$559.0M	3.86	6.7%
2025Q2	$8.6B	$928.0M	6.43	10.7%
2025Q1	$8.2B	$850.0M	5.96	10.4%
2024Q3	$8.5B	$843.0M	5.86	10.0%
2024Q2	$8.8B	$752.0M	5.26	8.5%
2024Q1	$8.4B	$2.0B	14.03	24.1%
2023Q3	$8.4B	$690.0M	4.59	8.2%
2023Q2	$8.6B	$737.0M	5.05	8.5%
2023Q1	$8.5B	$806.0M	5.55	9.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Shareholder vote results
SEC5/14/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
10-Q filing
SEC5/5/2026
10-K filing
SEC2/10/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Exhibits
SEC8/5/2025material
10-Q filing
SEC8/5/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.