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CMI

Cummins

NYSEIndustrialsSpecialty Industrial MachinerySnapshot 2026-05-08

$679.55-0.49%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, CMI has a composite score of 10.3 and a signal label of "mild_favorable." The company momentum score increased significantly by 34.9 points, rising from -24.8 to 10.1. This change in momentum contributed to the overall improvement in the signal label from "mixed" to "mild_favorable." The analysis is provisional.

Composite +10as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
weak
Bottom 30% of industrials cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.10
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
9231226852749
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$679.55
TTM EPS
$30.18
Earnings yield
4.4%
P/E (TTM)
22.5

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
fragile
Bottom 10% cash conversion in industrials cohort
Why this rank
TTM NI ($M)
4,068
TTM CFO ($M)
1,487
CFO/NI
0.37
L2

Watch

has something changed worth re-reading?
F4 · Management stability
Insufficient data
No score yet
Earnings setup · pre-print positioning
forward-looking
bullishEPS revised +11.4% / 30d, n=9for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $6.46 → $7.19 (+11.4% / 30d). 1 raised, 1 cut, 9 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 3 maintained. 57% of analysts rate Buy.

Price target activity

1 PT revisions / 30d. Avg target 16.5% above current price.

Material events

0 positive, 1 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
1

Recent 8-K events

No recent events recorded.

2

Stated priorities

2 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Increase revenue by 8% to 11% in 2026growthon track94% progress
    5/5: Cummins is raising its full-year 2026 revenue guidance to be up 8% to 11%.
    Why this status

    Stated in 2 of last 2 quarters. Revenue grew from $8.3B in 2025-Q3 to $8.7B in 2025-Q4, indicating progress towards the 2026 target. However, the earnings miss in 2026-Q1 suggests challenges in maintaining this trajectory.

  2. 2.Increase EBITDA margin to 17.75% to 18.50% in 2026growthmixed65% progress
    5/5: EBITDA is now expected to be in the range of 17.75% to 18.50%, an increase from previous guidance.
    Why this status

    Stated in 2 of last 2 quarters. The guidance for EBITDA margin has been raised, indicating a positive outlook. However, the financials do not provide specific EBITDA margin figures to verify progress, suggesting limited visibility into actual delivery.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −15%, typical day ±1.3%
Why this risk level

Recent vol — 30d annualized 42%; 252d 32%.

Drawdown — Max 1y −15%. Bad day move −3%.

Beta to sector ETF (XLI) 1.55 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 47/100, drawdown 70/100, beta 45/100, earnings vol .

Sector regime
headwind-7.8%sector vs S&P 500, 60d

via XLI

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. score change · company_momentum_score
    severity 58

    Company momentum rose by 34.9 points (from -24.8 to 10.1).

  2. label change · signal_label
    severity 20

    Signal changed from 'mixed' to 'mild_favorable'.

As of 2026-05-08, the company momentum score for CMI rose by 34.9 points, changing from -24.8 to 10.1. Additionally, the signal label transitioned from 'mixed' to 'mild_favorable'. These changes indicate an improvement in company momentum and a more favorable signal label. The overall context remains provisional.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite54.5 / 100
Capital allocation63
Earnings discipline35
Margin discipline64
Balance sheet56
Guidance credibility
Post-call reaction50
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Increase revenue by 8% to 11% in 2026

    GrowthNew since 2026-05-05

    Cummins aims to increase its full-year 2026 revenue by 8% to 11% based on current forecasts.

    On track

    Stated in 2 of last 2 quarters. Revenue grew from $8.3B in 2025-Q3 to $8.7B in 2025-Q4, indicating progress towards the 2026 target. However, the earnings miss in 2026-Q1 suggests challenges in maintaining this trajectory.

    94%
    CEO/CFO:Cummins is raising its full-year 2026 revenue guidance to be up 8% to 11%.
    Multiple sourcesSource dated 2026-05-05Stated 2 of last 8 quartersFirst seen 2026-05-05
    Show history (2)
    • 2026-Q2Multiple sources

      Cummins is raising its full-year 2026 revenue guidance to be up 8% to 11%.

    • 2026-Q1Multiple sources

      Cummins projects full-year 2026 revenue to be in the range of up 3% to 8%.

  • #2

    Increase EBITDA margin to 17.75% to 18.50% in 2026

    GrowthNew since 2026-05-05

    Cummins aims to increase its EBITDA margin to between 17.75% and 18.50% for the full year 2026.

    Mixed

    Stated in 2 of last 2 quarters. The guidance for EBITDA margin has been raised, indicating a positive outlook. However, the financials do not provide specific EBITDA margin figures to verify progress, suggesting limited visibility into actual delivery.

    65%
    CEO/CFO:EBITDA is now expected to be in the range of 17.75% to 18.50%, an increase from previous guidance.
    Multiple sourcesSource dated 2026-05-05Stated 2 of last 8 quartersFirst seen 2026-05-05
    Show history (2)
    • 2026-Q2Multiple sources

      EBITDA is now expected to be in the range of 17.75% to 18.50%.

    • 2026-Q1Multiple sources

      EBITDA to be in the range of 17.0% and 18.0% of sales.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
23higher = cheaper

Looks more expensive than peers.

Compared to its own history
3higher = cheaper

Richer than its own typical valuation.

P/E
35.4x
EV/EBITDA
15.4x
FCF yield
2.8%

P/E over the last 5 years

71 monthly points
expensiveas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
CMI
Cummins
+10expensivemoderate
CAT
Caterpillar Inc.
+13expensivemoderate
GE
GE Aerospace
+11expensivemoderate
GEV
GE Vernova
+10fullmoderate
RTX
RTX Corporation
+20fairmoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.3%
A bad day (95th %ile)
A rough but not unusual down day.
-2.6%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-15.2%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If industrials sector trend rises from +0.05 into 'improving' (>= +0.20)+5.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently RAISED as of 2026-05-05)-16 pts
  • If industrials sector trend falls from +0.05 into 'weakening' (<= -0.20)-5.0 pts
  • If growth state reverses from +0.25 (positive) to -0.25 (negative)-4.0 pts
  • If labor state reverses from -0.31 (negative) to +0.31 (positive)-3.7 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-053d agoItem 2.02

    Results of Operations and Financial Condition. On May 5, 2026 , Cummins Inc. (“Cummins,” “the Company,” “the registrant,” “we,” “our,” or “us”) issued the attached press release reporting its financial results for the first quarter of 2026, which is furnished herewith as Exhibit 99. The information furnished pursuant to this Item 2.02, including Exhibit 99, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject t…

    earnings preannouncementnegativescore 73
  2. 2026-02-053mo agoItem 2.02

    Results of Operations and Financial Condition. On February 5, 2026 , Cummins Inc. (“Cummins,” “the Company,” “the registrant,” “we,” “our,” or “us”) issued the attached press release reporting its financial results for the fourth quarter of 2025, which is furnished herewith as Exhibit 99. The information furnished pursuant to this Item 2.02, including Exhibit 99, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise sub…

    earnings preannouncementneutralscore 8
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-10 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.