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If You Invested $1000 in Cummins 10 Years Ago, This Is How Much You'd Have Now
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Cummins (CMI - Free Report) ten years ago? It may not have been easy to hold on to CMI for all that time, but if you did, how much would your investment be worth today?
Cummins' Business In-Depth
With that in mind, let's take a look at Cummins' main business drivers.
Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
The acquisition of Meritor in 2022 has enhanced CMI position as a top provider of integrated powertrain solutions for both internal combustion and electric vehicles. This deal expanded Cummins’ components business, opening up new growth avenues.
Cummins has the following five operating segments:
The Engine segment (24.1% of consolidated net sales in 2025) produces diesel and natural gas-based engines for on-highway and industrial markets. The engines are used in heavy and medium-duty trucks, buses, recreational vehicles, and various industrial applications in the construction, mining, agriculture, marine, oil and gas, rail, defense and agricultural markets.
The Distribution segment (36.8%) is the company’s primary sales, service and support channel. It operates through a worldwide network of wholly owned, joint venture and independent distribution locations that offer a varied range of products and services, including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines.
The Components segment (25.7%) has five businesses, namely, Emission solutions, Turbo technologies, Electronics and fuel systems, and Automated transmissions.
The Power Systems segment (12.2%) sells power generators, diesel and natural gas high-horsepower engines, and AC generator or alternator products for internal consumption and external generator set assemblers. The unit houses the Power Generation, Industrial and Generator Technologies product lines.
The Accelera segment (1.2%) designs, manufactures, sells and supports hydrogen production systems as well as electrified power systems ranging from fully electric to hybrid along with innovative components and subsystems.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Cummins ten years ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in May 2016 would be worth $5,938.60, or a 493.86% gain, as of May 8, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500's gained 256.67% and the price of gold went up 250.45% over the same time frame.
Analysts are forecasting more upside for CMI too.
Cummins is benefiting from data center-led demand for power generation equipment, which is lifting results in Power Systems and Distribution. The company continues to return cash through dividends and buybacks. Progress in hybrid mining retrofits with Komatsu and First Mode supports the decarbonization roadmap and can deepen customer relationships. However, the truck market in China remains a swing factor. High R&D and engineering expenses of the Accelerasegmentare hurting the firm's margins.Cummins also faces growing pressure to develop lower-emission and innovative technologies while competing with established regional players. Thus, the stock warrants a cautious stance now.
Over the past four weeks, shares have rallied 11.77%, and there have been 5 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.
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If You Invested $1000 in Cummins 10 Years Ago, This Is How Much You'd Have Now
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Cummins (CMI - Free Report) ten years ago? It may not have been easy to hold on to CMI for all that time, but if you did, how much would your investment be worth today?
Cummins' Business In-Depth
With that in mind, let's take a look at Cummins' main business drivers.
Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 650 company-owned and independent distributor facilities in over 19,000 dealer locations in more than 190 countries and territories.
The acquisition of Meritor in 2022 has enhanced CMI position as a top provider of integrated powertrain solutions for both internal combustion and electric vehicles. This deal expanded Cummins’ components business, opening up new growth avenues.
Cummins has the following five operating segments:
The Engine segment (24.1% of consolidated net sales in 2025) produces diesel and natural gas-based engines for on-highway and industrial markets. The engines are used in heavy and medium-duty trucks, buses, recreational vehicles, and various industrial applications in the construction, mining, agriculture, marine, oil and gas, rail, defense and agricultural markets.
The Distribution segment (36.8%) is the company’s primary sales, service and support channel. It operates through a worldwide network of wholly owned, joint venture and independent distribution locations that offer a varied range of products and services, including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines.
The Components segment (25.7%) has five businesses, namely, Emission solutions, Turbo technologies, Electronics and fuel systems, and Automated transmissions.
The Power Systems segment (12.2%) sells power generators, diesel and natural gas high-horsepower engines, and AC generator or alternator products for internal consumption and external generator set assemblers. The unit houses the Power Generation, Industrial and Generator Technologies product lines.
The Accelera segment (1.2%) designs, manufactures, sells and supports hydrogen production systems as well as electrified power systems ranging from fully electric to hybrid along with innovative components and subsystems.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Cummins ten years ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in May 2016 would be worth $5,938.60, or a 493.86% gain, as of May 8, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500's gained 256.67% and the price of gold went up 250.45% over the same time frame.
Analysts are forecasting more upside for CMI too.
Cummins is benefiting from data center-led demand for power generation equipment, which is lifting results in Power Systems and Distribution. The company continues to return cash through dividends and buybacks. Progress in hybrid mining retrofits with Komatsu and First Mode supports the decarbonization roadmap and can deepen customer relationships. However, the truck market in China remains a swing factor. High R&D and engineering expenses of the Accelerasegmentare hurting the firm's margins.Cummins also faces growing pressure to develop lower-emission and innovative technologies while competing with established regional players. Thus, the stock warrants a cautious stance now.
Over the past four weeks, shares have rallied 11.77%, and there have been 5 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.