Switch theme
Sign up to access all valuation multiples
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
1919
69.6K+
LTM Revenue $34.1B
LTM EBITDA $6.1B
$45.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Cummins has a last 12-month revenue of $34.1B and a last 12-month EBITDA of $6.1B.
In the most recent fiscal year, Cummins achieved revenue of $34.1B and an EBITDA of $6.3B.
Cummins expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Cummins valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $34.1B | $34.1B | XXX | XXX | XXX |
| Gross Profit | $6.7B | $8.2B | XXX | XXX | XXX |
| Gross Margin | 20% | 24% | XXX | XXX | XXX |
| EBITDA | $3.0B | $6.3B | XXX | XXX | XXX |
| EBITDA Margin | 9% | 19% | XXX | XXX | XXX |
| Net Profit | $2.2B | $735M | XXX | XXX | XXX |
| Net Margin | 6% | 2% | XXX | XXX | XXX |
| Net Debt | $5.8B | $4.5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Cummins's stock price is $289.
Cummins has current market cap of $39.7B, and EV of $45.1B.
See Cummins trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $45.1B | $39.7B | XXX | XXX | XXX | XXX | $21.49 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Cummins has market cap of $39.7B and EV of $45.1B.
Cummins's trades at 1.3x LTM EV/Revenue multiple, and 7.4x LTM EBITDA.
Analysts estimate Cummins's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Cummins and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $45.1B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.1x | XXX | XXX | XXX |
| P/E | 10.1x | XXX | XXX | XXX |
| P/E/Growth | -1.5x | XXX | XXX | XXX |
| EV/FCF | 161.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCummins's NTM/LTM revenue growth is 2%
Cummins's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Cummins's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Cummins's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Cummins and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 110% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 15% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Aalberts | XXX | XXX | XXX | XXX | XXX | XXX |
| ABB India | XXX | XXX | XXX | XXX | XXX | XXX |
| Cummins India | XXX | XXX | XXX | XXX | XXX | XXX |
| Escorts Kubota | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cummins acquired XXX companies to date.
Last acquisition by Cummins was XXXXXXXX, XXXXX XXXXX XXXXXX . Cummins acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was Cummins founded? | Cummins was founded in 1919. |
| Where is Cummins headquartered? | Cummins is headquartered in United States of America. |
| How many employees does Cummins have? | As of today, Cummins has 69.6K+ employees. |
| Who is the CEO of Cummins? | Cummins's CEO is Ms. Jennifer W. Rumsey. |
| Is Cummins publicy listed? | Yes, Cummins is a public company listed on NYS. |
| What is the stock symbol of Cummins? | Cummins trades under CMI ticker. |
| When did Cummins go public? | Cummins went public in 1984. |
| Who are competitors of Cummins? | Similar companies to Cummins include e.g. , Aalberts, ABB India, Cummins India. |
| What is the current market cap of Cummins? | Cummins's current market cap is $39.7B |
| What is the current revenue of Cummins? | Cummins's last 12-month revenue is $34.1B. |
| What is the current EBITDA of Cummins? | Cummins's last 12-month EBITDA is $6.1B. |
| What is the current EV/Revenue multiple of Cummins? | Current revenue multiple of Cummins is 1.3x. |
| What is the current EV/EBITDA multiple of Cummins? | Current EBITDA multiple of Cummins is 7.4x. |
| What is the current revenue growth of Cummins? | Cummins revenue growth between 2023 and 2024 was 0%. |
| Is Cummins profitable? | Yes, Cummins is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
