Cummins Inc.

NYSE:CMI Stock Report

Market Cap: US$48.2b

Cummins Future Growth

Future criteria checks 2/6

Cummins is forecast to grow earnings and revenue by 7.7% and 3.9% per annum respectively. EPS is expected to grow by 8.7% per annum. Return on equity is forecast to be 21.9% in 3 years.

Key information

7.4%

Earnings growth rate

8.4%

EPS growth rate

Machinery earnings growth9.6%
Revenue growth rate3.9%
Future return on equity21.9%
Analyst coverage

Good

Last updated19 Dec 2024

Recent future growth updates

Results: Cummins Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 08
Results: Cummins Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Cummins Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 03
Cummins Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?

Dec 27
Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?

Cummins: Paying Up For Improving Fundamentals (Rating Downgrade)

Dec 11

Is Cummins Inc. (NYSE:CMI) Trading At A 49% Discount?

Nov 28
Is Cummins Inc. (NYSE:CMI) Trading At A 49% Discount?

Results: Cummins Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 08
Results: Cummins Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Is It Too Late To Consider Buying Cummins Inc. (NYSE:CMI)?

Oct 03
Is It Too Late To Consider Buying Cummins Inc. (NYSE:CMI)?

Cummins: Solid Fundamentals And Undervalued

Sep 30

Investors Appear Satisfied With Cummins Inc.'s (NYSE:CMI) Prospects

Sep 18
Investors Appear Satisfied With Cummins Inc.'s (NYSE:CMI) Prospects

Cummins: A Blue-Chip Dividend Stock To Buy Now

Sep 12

Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?

Aug 19
Does Cummins (NYSE:CMI) Have A Healthy Balance Sheet?

Cummins: Dividend Strength In A Challenging Economy

Aug 14

Cummins Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Aug 03
Cummins Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Cummins' (NYSE:CMI) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 22
Cummins' (NYSE:CMI) Shareholders Will Receive A Bigger Dividend Than Last Year

When Should You Buy Cummins Inc. (NYSE:CMI)?

Jun 28
When Should You Buy Cummins Inc. (NYSE:CMI)?

Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)

Jun 13
Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)

10-12% Annual Returns? Why Cummins Could Be Your Next Dividend Champion

Jun 10

Cummins: It's Too Late To Buy This Dividend Growth Stock

Apr 12

Cummins: An Industrial Force Worth Considering

Mar 18

Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden

Feb 27
Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden

There May Be Reason For Hope In Cummins' (NYSE:CMI) Disappointing Earnings

Feb 13
There May Be Reason For Hope In Cummins' (NYSE:CMI) Disappointing Earnings

The Power Play: Cummins' Path To More Than 10% Annual Returns

Feb 08

Cummins Inc. (NYSE:CMI) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 03
Cummins Inc. (NYSE:CMI) Looks Inexpensive But Perhaps Not Attractive Enough

Investors Met With Slowing Returns on Capital At Cummins (NYSE:CMI)

Jan 22
Investors Met With Slowing Returns on Capital At Cummins (NYSE:CMI)

Cummins: A Dividend Contender That Hasn't Been This Cheap In 3 Years

Dec 20

Cummins: The A-Rated Dividend Stock Keeps Shining

Nov 15

Cummins: Dividend Raised 18 Years/2.95% Yield - High Quality Industrial

Oct 10

Cummins: A Dividend Growth Stock That Can Keep Your Portfolio Trucking Along

Sep 28

Cummins: 5 Factors Make This A Strong Buy

Sep 06

Cummins: Navigating Challenges With Resilience And Record Revenues

Aug 14

Cummins: Forget The AI-Rally, Buy The Heat Rally

Jul 20

Earnings and Revenue Growth Forecasts

NYSE:CMI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202637,7953,4822,9754,14115
12/31/202534,7793,0152,7353,92220
12/31/202433,7664,1483,8523,88421
9/30/202434,1982,0973371,524N/A
6/30/202434,1731,9441,2052,413N/A
3/31/202434,0151,9382,5583,747N/A
12/31/202334,0657352,7533,966N/A
9/30/202333,2922,7972,1673,324N/A
6/30/202332,1942,5411,0982,177N/A
3/31/202330,1422,5231,2882,293N/A
12/31/202228,0742,1511,0461,962N/A
9/30/202226,1541,9141,0881,877N/A
6/30/202224,7892,0481,3132,064N/A
3/31/202224,3141,9461,3412,081N/A
12/31/202124,0212,1311,5222,256N/A
10/3/202124,0012,2381,9942,666N/A
7/4/202123,1512,2052,6843,320N/A
4/4/202120,8921,8812,0922,682N/A
12/31/202019,8111,7892,1942,722N/A
9/27/202019,5591,5881,7872,418N/A
6/28/202020,2091,7091,6462,318N/A
3/29/202022,5782,1082,4193,148N/A
12/31/201923,5712,2602,4063,181N/A
9/29/201924,1192,5392,5203,333N/A
6/30/201924,2942,6092,2863,125N/A
3/31/201924,2052,4792,0812,907N/A
12/31/201823,7712,1411,5942,378N/A
9/30/201823,1211,2881,5322,194N/A
7/1/201822,4631,049N/A1,924N/A
4/1/201821,409928N/A1,781N/A
12/31/201720,428999N/A2,277N/A
10/1/201719,4551,651N/A2,096N/A
7/2/201718,3571,487N/A2,027N/A
4/2/201717,8071,469N/A2,051N/A
12/31/201617,5091,394N/A1,939N/A
10/2/201617,7721,177N/A2,242N/A
7/3/201618,2051,268N/A2,228N/A
4/3/201618,6921,333N/A2,153N/A
12/31/201519,1101,399N/A2,065N/A
9/27/201519,4341,682N/A2,009N/A
6/28/201519,7041,725N/A2,134N/A
3/29/201519,5241,700N/A2,176N/A
12/31/201419,2211,651N/A2,266N/A
9/28/201418,7191,639N/A2,144N/A
6/29/201418,0951,571N/A1,830N/A
3/30/201417,7851,539N/A1,924N/A
12/31/201317,3011,483N/A2,089N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMI's forecast earnings growth (7.7% per year) is above the savings rate (2.6%).

Earnings vs Market: CMI's earnings (7.7% per year) are forecast to grow slower than the US market (15.3% per year).

High Growth Earnings: CMI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CMI's revenue (3.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: CMI's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CMI's Return on Equity is forecast to be high in 3 years time (21.9%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 21:23
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cummins Inc. is covered by 59 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Rorrie MarsAtlantic Equities LLP
Kristine KubackiAvondale Partners