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Cummins (CMI)

(Delayed Data from NYSE)

$287.56 USD

287.56
2,562,638

-3.86 (-1.32%)

Updated Apr 19, 2024 04:00 PM ET

After-Market: $287.51 -0.05 (-0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value A Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (96 out of 250)

Industry: Automotive - Internal Combustion Engines

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Balance Sheet

Research for CMI

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Cummins Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2,741 2,573 3,187 3,862 1,470
Receivables 5,583 5,202 3,990 3,820 3,670
Notes Receivable 0 0 0 0 0
Inventories 5,677 5,603 4,355 3,425 3,486
Other Current Assets 1,197 1,073 777 790 761
Total Current Assets 15,198 14,451 12,309 11,897 9,387
Net Property & Equipment 6,249 5,521 4,422 4,255 4,245
Investments & Advances 1,800 1,759 1,538 1,441 1,237
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 5,018 5,030 2,187 2,256 2,289
Deposits & Other Assets 3,740 3,538 3,254 2,775 2,579
Total Assets 32,005 30,299 23,710 22,624 19,737
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 1,776 2,784 521 492 760
Accounts Payable 4,260 4,252 3,021 2,820 2,534
Current Portion Long-Term Debt 118 573 59 62 31
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 5,529 2,808 2,628 2,270 2,402
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 1,220 1,004 855 691 533
Total Current Liabilities 12,903 11,421 7,084 6,335 6,260
Mortgages 0 0 0 0 0
Deferred Taxes/Income 966 844 850 840 821
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,802 4,498 3,579 3,610 1,576
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 3,430 3,311 2,796 2,850 2,615
Minority Interest (Liabilities) 0 258 0 0 0
Total Liabilities 22,101 20,332 14,309 13,635 11,272
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2,564 2,243 2,427 2,404 2,346
Capital Surplus 0 0 0 0 -2
Retained Earnings 17,851 18,037 16,741 15,419 14,416
Other Equity -1,152 -898 -644 -1,055 -1,070
Treasury Stock 9,359 9,415 9,123 7,779 7,225
Total Shareholder's Equity 9,904 9,967 9,401 8,989 8,465
Total Liabilities & Shareholder's Equity 32,005 30,299 23,710 22,624 19,737
Total Common Equity 9,904 9,967 9,401 8,989 8,465
Shares Outstanding 141.70 141.00 143.00 147.60 153.20
Book Value Per Share 69.89 70.69 65.74 60.90 55.25

Fiscal Year End for Cummins Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 2,741 3,064 2,314 2,439
Receivables NA 5,583 5,662 5,863 5,834
Notes Receivable NA 0 0 0 0
Inventories NA 5,677 5,906 6,026 5,878
Other Current Assets NA 1,197 1,280 1,207 1,217
Total Current Assets NA 15,198 15,912 15,410 15,368
Net Property & Equipment NA 6,249 5,801 5,723 5,590
Investments & Advances NA 1,800 1,785 1,861 1,860
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 5,018 4,897 4,988 5,005
Deposits & Other Assets NA 3,740 3,702 3,753 3,610
Total Assets NA 32,005 32,097 31,735 31,433
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 1,776 1,941 2,036 2,774
Accounts Payable NA 4,260 4,262 4,308 4,636
Current Portion Long-Term Debt NA 118 573 575 569
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 5,529 3,321 3,109 2,904
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 1,220 1,029 1,017 1,040
Total Current Liabilities NA 12,903 11,126 11,045 11,923
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 966 1,011 939 937
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,802 4,950 5,089 4,409
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 3,332 3,306 3,283
Minority Interest (Liabilities) NA 0 0 0 261
Total Liabilities NA 22,101 20,419 20,379 20,813
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 2,564 2,558 2,532 2,230
Capital Surplus NA 0 0 0 0
Retained Earnings NA 17,851 19,520 19,102 18,605
Other Equity NA -1,152 -1,031 -898 -826
Treasury Stock NA 9,359 9,369 9,380 9,389
Total Shareholder's Equity NA 9,904 11,678 11,356 10,620
Total Liabilities & Shareholder's Equity NA 32,005 32,097 31,735 31,433
Total Common Equity 0 9,904 11,678 11,356 10,620
Shares Outstanding 136.70 141.70 141.70 141.60 141.50
Book Value Per Share 0.00 69.89 82.41 80.20 75.05