Cummins (CMI)
Builds engines, power systems and commercial-vehicle components backed by global parts and service.
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Sells engines, drivetrain and emissions components, generators, and aftermarket service to truck, off-highway, industrial and power customers. A global distribution network supports the installed base, while demand depends on equipment cycles, emissions rules and a concentrated group of vehicle manufacturers.
Designs, manufactures, distributes and services diesel, natural-gas and gasoline engines, drivetrain and emissions components, and integrated power-generation equipment. Engine and Components supply truck and off-highway manufacturers, while Power Systems serves standby, prime-power and high-horsepower applications. Accelera remains a small zero-emissions segment focused on electrified powertrains while fulfilling existing electrolyzer commitments.
Supports installed equipment through a worldwide distribution and dealer network offering parts, application engineering and field repair. Most sales come from U.S. customers, with operations spanning major markets across Asia, Europe, Latin America, Africa and the Middle East.
Demand depends on truck and equipment production, industrial and power-generation investment, and aftermarket use. Emissions and fuel-economy rules shape product development, while PACCAR and several other large vehicle manufacturers represent a substantial share of sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 23, 2026 | CICC | Initiate | Rating: — | |
| Aug 5, 2026 | Bernstein | Reiterate | Rating: —Target: $600 | Target: $700 |
| Aug 5, 2026 | UBS | Reiterate | Rating: —Target: $850 | Target: $835 |
| Aug 5, 2026 | Truist Financial | Target | Target: $901 | Target: $894 |
| Jul 2, 2026 | Truist Financial | Target | Target: $815 | Target: $901 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.92B · Total debt $8.29B · Total assets $35.63B · Shareholders' equity $12.85B
- Revenue
- $9.46B
- Operating income
- $1.28B
- Net income
- $932.0M
HistoryDividendAnnual yield
| Institutions | 86.26% | 118.76M shares | |
|---|---|---|---|
| 2,167 holders · as of Jun 30, 2026 | |||
| Insiders | 0.28% | 380.0K shares | |
| 31 holders · as of Aug 25, 2026 | |||
| Other | 13.46% | 18.53M shares | |
| remainder | |||
137.66M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.36% | 11.50M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.55% | 9.01M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.47% | 7.53M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.02% | 6.91M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.42% | 6.09M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Earl Newsome | officer: VP - Chief Information Officer | −698 | $572.22 |
| May 14, 2026 | Donald G. Jackson | officer: VP - Treasury & Tax | −730 | $710.92 |
| May 12, 2026 | Jennifer Mary Bush | officer: VP & Pres. - Power Systems | −5,000 | $696.21 |
| May 11, 2026 | Bonnie J. Fetch | officer: EVP & President - Operations | −1,295 | $701.42 |
| May 11, 2026 | Brett Michael Merritt | officer: V.P & Pres. - Engine Business | −701 | $688.75 |
- Caterpillar
Named primary rival in Power Systems; also contests high-hp industrial engines.
- PACCAR
#1 Cummins customer turned engine rival; competes and partners simultaneously.
- BorgWarner
Named in Components and Accelera; turbocharger and EV drivetrain rival.
- Allison Transmission
Named Components rival; world's largest heavy-duty automatic transmission maker.
- Generac
Named Power Systems rival; competes on commercial/industrial generator sets.
- Garrett Motion
Named Components rival; turbocharger specialist for CV and industrial OEMs.
- Plug Power
Named Accelera rival; PEM electrolyzer and hydrogen fuel cell platform company.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cummins | $527.93 | −1.28% | $73.79B | 27.3 | 15.9 | 2.1 | +9.4% |
| Caterpillar | $807.86 | −1.06% | $376.11B | 35.1 | 28.1 | 5.0 | +24.0% |
| PACCAR | $113.64 | −0.95% | $60.39B | 24.1 | 17.1 | 2.2 | −6.8% |
| BorgWarner | $62.75 | −0.90% | $12.99B | 31.2 | 11.6 | 0.9 | +0.3% |
| Allison Transmission | $119.55 | +0.58% | $9.86B | 18.9 | 11.5 | 2.7 | +92.4% |
| Generac | $204.28 | −0.33% | $12.07B | 47.2 | 19.8 | 2.7 | +10.6% |
| Garrett Motion | $26.42 | +0.06% | $4.92B | 14.4 | 13.1 | 1.3 | +6.9% |
| Plug Power | $2.11 | +0.96% | $2.92B | — | — | 3.9 | +2.5% |
| Median | 27.6 | 15.1 | 2.7 | +6.9% |