Cummins (CMI)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-10-30
$500.09-3.46%
Close 2026-10-30 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-10-30
Research Workspace
Put CMI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Construction Machinery & Heavy Transportation Equipment is in recovery. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 3% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 1% on a typical day and fell roughly 31% in its worst 12-month stretch.
View RiskCMI’s growth case rests on stronger data-center demand and truck recovery lifting revenue growth. Revenue growth accelerated from 3% to 9%, though the latest quarter missed earnings expectations. CMI trades at 23× P/E versus an 19× peer median, while expectations look modest versus our view. The latest earnings miss and EPA regulation concerns threaten the 2026 margin objective. Our model puts the next-quarter miss probability near 23%. Peer multiples imply a price about 5% below where it trades; our read remains intact. This read is provisional.
Trailing returns as of 2026-10-30. CMI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering CMI (as of Oct 2026).
Based on 4 Wall Street analysts offering 12-month price targets for CMI in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CMI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Construction Machinery & Heavy Transportation Equipment — fair value, gap to price, and forward P/E.
Compare the value case
Put CMI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Increase EBITDA margin to 17.75% to 18.5% in 2026
EPA regulation concerns may impact EBITDA margin objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $500.09
The last 12 months of price, then the range of analyst 12-month targets from today’s $500.09.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Increase revenue by 10% to 13% in 2026
Supports revenue growth outlook through demand recovery.
Advances: Increase revenue by 10% to 13% in 2026
Increased sales of generator sets support revenue growth objective.
Threatens: Increase EBITDA margin to 17.75% to 18.5% in 2026
Margin concerns could hinder EBITDA margin objective.
Advances: Focus zero-emissions investments on promising paths in Accelera segment
Large BESS project aligns with zero-emissions investment focus.
Threatens: Increase EBITDA margin to 17.75% to 18.5% in 2026
Margin hurdles could impact EBITDA margin objective.
Advances: Increase revenue by 10% to 13% in 2026
Strong demand supports revenue growth objective.
MD resignation may impact strategic direction.
