AME vs. CMI: AMETEK vs. Cummins Stock Comparison

November 11, 2026

How do AMETEK (AME) and Cummins (CMI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AMETEK (AME) and Cummins (CMI) both fall under the Capital Goods industry group, but AME is classified in Electrical Equipment while CMI is classified in Machinery.

Company profile comparison for AMETEK (AME) and Cummins (CMI)
Profile Item	AME	CMI
Name	AMETEK, Inc.	Cummins Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Machinery
GICS Sub-Industry	Electrical Components & Equipment	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	52.44 billion USD	61.69 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 19, 1984	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AME

CMI

GSPC

AMETEK (AME) vs. Cummins (CMI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AMETEK (AME) and Cummins (CMI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AMETEK (AME) and Cummins (CMI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Total Return (1Y)	22.79%	-0.52%
Total Return (3Y, Annualized)	18.31%	31.79%
Total Return (5Y, Annualized)	12.17%	17.12%

Risk Profile

Drawdown History

AME

CMI

GSPC

AMETEK (AME) vs. Cummins (CMI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AMETEK (AME) and Cummins (CMI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Volatility (1Y, Annualized)	24.96%	36.83%
Beta (5Y)	0.96	1.26
Max Drawdown (5Y)	-27.06%	-38.12%
Avg. Volume (3M)	1.45M	1.14M

Risk-Adjusted Performance

Risk-Return Positioning

AME and CMI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Sharpe Ratio (1Y)	0.74	-0.13
Sortino Ratio (1Y)	1.06	-0.18

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while AMETEK (AME) at 14.68% is closer to the peer norm — stronger capital efficiency for CMI.

AME

Capital Goods industry group

14.68%

Max: 40.55%
Q3: 19.29%
AME: 14.68%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

CMI

Capital Goods industry group

25.05%

Max: 40.55%
CMI: 25.05%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

AMETEK (AME) vs. Cummins (CMI): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

AMETEK (AME) at 19.91% retains a top-quartile share of revenue as profit, ahead of Cummins (CMI) at 9.26%, which keeps about the industry-typical share.

AME

Capital Goods industry group

19.91%

Max: 27.47%
AME: 19.91%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

CMI

Capital Goods industry group

9.26%

Max: 27.47%
Q3: 12.10%
CMI: 9.26%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

AMETEK (AME) vs. Cummins (CMI): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

AMETEK (AME) at 26.38% operates in the top operating margin quartile, ahead of Cummins (CMI) at 13.95%, which runs around its industry’s norm.

AME

Capital Goods industry group

26.38%

Max: 36.60%
AME: 26.38%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

CMI

Capital Goods industry group

13.95%

Max: 36.60%
Q3: 18.33%
CMI: 13.95%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

AMETEK (AME) vs. Cummins (CMI): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
ROE (TTM)	14.68%	25.05%
ROA (TTM)	7.06%	7.60%
Net Margin (TTM)	19.91%	9.26%
Operating Margin (TTM)	26.38%	13.95%
Gross Margin (TTM)	36.97%	26.32%

Growth

Revenue Growth

AMETEK (AME) at 6.63% is around its peer norm for revenue growth, while Cummins (CMI) at -1.27% drops into the bottom quartile, signaling weaker demand or pricing momentum.

AMETEK (AME) vs. Cummins (CMI): A comparison of their Revenue Growth across different time periods.

EPS Growth

AMETEK (AME) at 7.93% is around its peer norm for EPS growth, while Cummins (CMI) at -27.74% drops into the bottom quartile, signaling weaker earnings momentum.

AMETEK (AME) vs. Cummins (CMI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Revenue Growth (YoY)	6.63%	-1.27%
Revenue Growth (3Y CAGR)	6.36%	6.25%
EPS Growth (YoY)	7.93%	-27.74%
EPS Growth (3Y CAGR)	8.50%	10.68%

Financial Strength

Current Ratio (MRQ)

Both AMETEK (AME) at 1.43 and Cummins (CMI) at 1.74 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AME

Capital Goods industry group

1.43

Max: 5.22
Q3: 2.95
Median: 2.08
AME: 1.43
Q1: 1.43
Min: 0.36

CMI

Capital Goods industry group

1.74

Max: 5.22
Q3: 2.95
Median: 2.08
CMI: 1.74
Q1: 1.43
Min: 0.36

AMETEK (AME) vs. Cummins (CMI): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both AMETEK (AME) at 0.60 and Cummins (CMI) at 0.52 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

AME

Capital Goods industry group

0.60

Max: 2.33
Q3: 1.12
AME: 0.60
Median: 0.60
Q1: 0.29
Min: 0.00

CMI

Capital Goods industry group

0.52

Max: 2.33
Q3: 1.12
Median: 0.60
CMI: 0.52
Q1: 0.29
Min: 0.00

AMETEK (AME) vs. Cummins (CMI): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Current Ratio (MRQ)	1.43	1.74
Debt / Equity (MRQ)	0.60	0.52
Net Debt / EBITDA	2.41	0.62

Dividends

Dividend Yield (TTM)

Cummins (CMI) at 1.83% delivers top-quartile income for its industry, while AMETEK (AME) at 0.60% pays a more typical yield — both are credible income propositions, CMI the richer one.

AME

Capital Goods industry group

0.60%

Max: 2.66%
Q3: 1.14%
AME: 0.60%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

CMI

Capital Goods industry group

1.83%

Max: 2.66%
CMI: 1.83%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

AMETEK (AME) vs. Cummins (CMI): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

AMETEK (AME) at 18.76% pays out a band-typical share of earnings, while Cummins (CMI) at 34.21% distributes more than its industry norm — less retained, thinner cover.

AME

Capital Goods industry group

18.76%

Max: 67.39%
Q3: 28.02%
AME: 18.76%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

CMI

Capital Goods industry group

34.21%

Max: 67.39%
CMI: 34.21%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

AMETEK (AME) vs. Cummins (CMI): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
Dividend Yield (TTM)	0.60%	1.83%
Dividend Payout Ratio (TTM)	18.76%	34.21%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while AMETEK (AME) at 32.25 is closer to its industry’s usual earnings multiple — a discount for CMI, though growth and earnings durability still matter.

AME

Capital Goods industry group

32.25

Max: 59.38
Q3: 35.92
AME: 32.25
Median: 25.41
Q1: 19.47
Min: 3.03

CMI

Capital Goods industry group

18.78

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
CMI: 18.78
Min: 3.03

AMETEK (AME) vs. Cummins (CMI): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Cummins (CMI) at 1.72 is priced about in line with its industry on P/S ratio, while AMETEK (AME) at 6.40 sits in the pricier quartile — AME costs more per dollar of sales.

AME

Capital Goods industry group

6.40

Max: 7.54
AME: 6.40
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

CMI

Capital Goods industry group

1.72

Max: 7.54
Q3: 3.76
Median: 2.15
CMI: 1.72
Q1: 1.03
Min: 0.03

AMETEK (AME) vs. Cummins (CMI): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both AMETEK (AME) at 4.48 and Cummins (CMI) at 4.63 are valued close to their industries’ norm against book — neither stands out from peers.

AME

Capital Goods industry group

4.48

Max: 9.66
Q3: 5.00
AME: 4.48
Median: 3.12
Q1: 1.81
Min: -1.08

CMI

Capital Goods industry group

4.63

Max: 9.66
Q3: 5.00
CMI: 4.63
Median: 3.12
Q1: 1.81
Min: -1.08

AMETEK (AME) vs. Cummins (CMI): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for AMETEK (AME) and Cummins (CMI)
Metric	AME	CMI
P/E Ratio (TTM)	32.25	18.78
P/S Ratio (TTM)	6.40	1.72
P/B Ratio (MRQ)	4.48	4.63
Free Cash Flow Yield (TTM)	2.89%	4.06%