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Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of world. Much of Cummins’ foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins’ business model is unique as it competes with many of its heavy-duty truck manufacturer customers, who also make their own engines.
1919
69.6K+
LTM Revenue $33.7B
LTM EBITDA $5.9B
$50.2B
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 (LTM) of $33.7B and a last 12-month EBITDA of $5.9B.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $33.7B | XXX | $34.1B | XXX | XXX | XXX |
| Gross Profit | $8.1B | XXX | $8.4B | XXX | XXX | XXX |
| Gross Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $5.9B | XXX | $6.3B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| EBIT | $4.1B | XXX | $3.4B | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $3.5B | XXX | $3.9B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $5.4B | XXX | XXX | XXX |
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As of May 30, 2025, Cummins's stock price is $321.
Cummins has current market cap of $44.3B, and EV of $50.2B.
See Cummins trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50.2B | $44.3B | XXX | XXX | XXX | XXX | $21.33 |
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Start Free TrialAs of May 30, 2025, Cummins has market cap of $44.3B and EV of $50.2B.
Cummins's trades at 1.5x EV/Revenue multiple, and 7.9x EV/EBITDA.
Equity research analysts estimate Cummins's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cummins has a P/E ratio of 12.7x.
See valuation multiples for Cummins and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $44.3B | XXX | $44.3B | XXX | XXX | XXX |
| EV (current) | $50.2B | XXX | $50.2B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 7.9x | XXX | XXX | XXX |
| EV/EBIT | 12.3x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.7x | XXX | 11.2x | XXX | XXX | XXX |
| EV/FCF | 33.1x | XXX | 179.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCummins's last 12 month revenue growth is 1%
Cummins's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Cummins's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cummins's rule of X is 19% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Cummins and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | -6% | XXX | 34% | XXX | XXX | XXX |
| Rule of 40 | 9% | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 19% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 15% | XXX | XXX | XXX |
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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 |
| Doppler | XXX | XXX | XXX | XXX | XXX | XXX |
| Frigoglass | XXX | XXX | XXX | XXX | XXX | XXX |
| Petros Petropoulos | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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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.
Start Free Trial| 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, Doppler, Frigoglass. |
| What is the current market cap of Cummins? | Cummins's current market cap is $44.3B |
| What is the current revenue of Cummins? | Cummins's last 12 months revenue is $33.7B. |
| What is the current revenue growth of Cummins? | Cummins revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Cummins? | Current revenue multiple of Cummins is 1.5x. |
| Is Cummins profitable? | Yes, Cummins is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cummins? | Cummins's last 12 months EBITDA is $5.9B. |
| What is Cummins's EBITDA margin? | Cummins's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Cummins? | Current EBITDA multiple of Cummins is 8.4x. |
| What is the current FCF of Cummins? | Cummins's last 12 months FCF is $1.5B. |
| What is Cummins's FCF margin? | Cummins's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Cummins? | Current FCF multiple of Cummins is 33.1x. |
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