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We were founded in 1919 as Cummins Engine Company, a corporation in Columbus, Indiana, and one of the first diesel engine manufacturers. Since 1919, we have delivered innovative solutions that move people, goods and economies forward.
$679.55
$3.33 (-0.49%)
Price from 26 days ago
11.95% operating margin is respectable but not wide. ROIC at 15.92%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.3% YoY. The question is whether this is cyclical or a structural shift.
At 35x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
35.3x earnings, 35.3x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$33.89B
▼ -1.3% YoY
Net Income (TTM)
$2.67B
▼ -28.0% YoY
Op. Margin
11.33%
▲ +1.0pp YoY
ROIC
14.08%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.67B
▲ +755.2% YoY
Op. Cash Flow (TTM)
$3.93B
▲ +143.5% YoY
Net Debt
$4.74B
Cash & Equiv.
$3.18B
5Y CAGR: +11.2%
5Y CAGR: +1.7%
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