Caterpillar vs Cummins
CAT and CMI side by side. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CAT and CMI compare
Caterpillar is the larger company, worth 4.2 times as much as Cummins ($286B against $68.8B).
On earnings, Cummins is cheaper: it trades at 25.6× trailing earnings, against 26.8× for Caterpillar.
Caterpillar grew revenue faster over the last twelve months (18.4% versus 2.9% for Cummins).
Both pay dividends: Caterpillar yields 0.75% and Cummins 1.6%.
Caterpillar scores higher on the StockData Score (12 against 11 for Cummins), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CAT | CMI |
|---|---|---|
| Size and price | ||
| Market cap | $286B | $68.8B |
| Share price | $622.75 | $500.09 |
| Change, 1 year | 6.4% | 13.3% |
| Change, 5 years | 202% | 111% |
| Beta (5Y) | 1.01 | 0.98 |
| Employees | 118K | 67K |
| StockData Score | ||
| Total score | 12 (better) | 11 |
| Valuation score | 1 | 1 |
| Growth score | 2 | 2 |
| Performance score | 0 | 1 (better) |
| Health score | 6 (better) | 4 |
| Dividend score | 3 | 3 |
| Valuation | ||
| P/E | 26.8× | 25.6× (better) |
| P/S | 3.8× | 2.0× (better) |
| P/B | – | 5.4× |
| EV/EBITDA | 18.1× | 14.6× (better) |
| P/FCF | 26.8× | 20.4× (better) |
| PEG | 1.89 (better) | 2.39 |
| FCF yield | 3.7% | 4.9% (better) |
| Fair value | $440.09 | $403.49 |
| Margin of safety | −41.5% | −23.9% (better) |
| Growth | ||
| Revenue growth (TTM) | 18.4% (better) | 2.9% |
| Revenue growth, 5Y average | 10.1% | 11.2% (better) |
| EPS growth (TTM) | 18.2% (better) | −8.0% |
| EPS growth, 5Y average | 28.1% (better) | 11.3% |
| Profitability | ||
| Gross margin | 34.3% (better) | 25.3% |
| Operating margin | 17.5% (better) | 11.2% |
| FCF margin | 14.3% (better) | 9.7% |
| Return on invested capital | – | 17.5% |
| Financial health | ||
| Debt / equity | – | 0.56 |
| Net debt / EBITDA | – | 0.66 |
| Interest coverage | – | 12.1× |
| Current ratio | 1.37 | 1.73 (better) |
| Altman Z-score | 4.34 | 4.43 (better) |
| Dividends and buybacks | ||
| Dividend yield | 0.75% | 1.6% (better) |
| Years of dividend growth | 16 (better) | 8 |
| Dividend growth, 5Y average | 7.6% | 7.7% (better) |
| Buyback yield | 2.5% | – |
| Shareholder yield | 3.3% (better) | 1.6% |
| Ownership | ||
| Held by institutions | 72.0% | 86.0% |
| Held by insiders | 0.22% | 0.30% |
| Insider net buying, 12 months | −$244M | −$37.7M (better) |
| Superinvestors holding | 4 (better) | 1 |
| Short interest, % of float | 1.7% | 3.0% |
Go deeper
- CAT stock overview
- CAT income statement
- CAT valuation and score
- CMI stock overview
- CMI income statement
- CMI valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.