CMI vs. DE: Cummins vs. Deere Stock Comparison

November 11, 2026

How do Cummins (CMI) and Deere (DE) 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

Cummins (CMI) and Deere (DE) both belong to the Machinery industry, though CMI is classified under Construction Machinery & Heavy Transportation Equipment while DE falls under Agricultural & Farm Machinery.

Company profile comparison for Cummins (CMI) and Deere (DE)
Profile Item	CMI	DE
Name	Cummins Inc.	Deere & Company
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Machinery
GICS Sub-Industry	Construction Machinery & Heavy Transportation Equipment	Agricultural & Farm Machinery
Market Capitalization	61.69 billion USD	181.09 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CMI

GSPC

Cummins (CMI) vs. Deere (DE), 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 Cummins (CMI) and Deere (DE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Total Return (1Y)	-0.52%	49.27%
Total Return (3Y, Annualized)	31.79%	24.81%
Total Return (5Y, Annualized)	17.12%	15.67%

Risk Profile

Drawdown History

CMI

GSPC

Cummins (CMI) vs. Deere (DE), 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 Cummins (CMI) and Deere (DE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Volatility (1Y, Annualized)	36.83%	33.18%
Beta (5Y)	1.26	0.88
Max Drawdown (5Y)	-38.12%	-33.81%
Avg. Volume (3M)	1.14M	1.23M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and DE 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 Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Sharpe Ratio (1Y)	-0.13	1.36
Sortino Ratio (1Y)	-0.18	2.26

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while Deere (DE) at 18.24% is closer to the peer norm — stronger capital efficiency for CMI.

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%

DE

Capital Goods industry group

18.24%

Max: 40.55%
Q3: 19.29%
DE: 18.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and Deere (DE) at 10.17% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

DE

Capital Goods industry group

10.17%

Max: 27.47%
Q3: 12.10%
DE: 10.17%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and Deere (DE) at 13.37% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

DE

Capital Goods industry group

13.37%

Max: 36.60%
Q3: 18.33%
DE: 13.37%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
ROE (TTM)	25.05%	18.24%
ROA (TTM)	7.60%	3.76%
Net Margin (TTM)	9.26%	10.17%
Operating Margin (TTM)	13.95%	13.37%
Gross Margin (TTM)	26.32%	25.18%

Growth

Revenue Growth

Both Cummins (CMI) at -1.27% and Deere (DE) at -11.59% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Both Cummins (CMI) at -27.74% and Deere (DE) at -27.79% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Revenue Growth (YoY)	-1.27%	-11.59%
Revenue Growth (3Y CAGR)	6.25%	-4.50%
EPS Growth (YoY)	-27.74%	-27.79%
EPS Growth (3Y CAGR)	10.68%	-7.37%

Financial Strength

Current Ratio (MRQ)

Both Cummins (CMI) at 1.74 and Deere (DE) at 2.13 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

DE

Capital Goods industry group

2.13

Max: 5.22
Q3: 2.95
DE: 2.13
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Cummins (CMI) at 0.52 carries an industry-typical debt-to-equity mix, while Deere (DE) at 2.30 uses more debt funding than most peers.

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

DE

Capital Goods industry group

2.30

Max: 2.33
DE: 2.30
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Current Ratio (MRQ)	1.74	2.13
Debt / Equity (MRQ)	0.52	2.30
Net Debt / EBITDA	0.62	6.70

Dividends

Dividend Yield (TTM)

Cummins (CMI) at 1.83% delivers top-quartile income for its industry, while Deere (DE) at 0.98% pays a more typical yield — both are credible income propositions, CMI the richer one.

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%

DE

Capital Goods industry group

0.98%

Max: 2.66%
Q3: 1.14%
DE: 0.98%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Cummins (CMI) at 34.21% and Deere (DE) at 36.02% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

DE

Capital Goods industry group

36.02%

Max: 67.39%
DE: 36.02%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
Dividend Yield (TTM)	1.83%	0.98%
Dividend Payout Ratio (TTM)	34.21%	36.02%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while Deere (DE) at 37.33 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

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

DE

Capital Goods industry group

37.33

Max: 59.38
DE: 37.33
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Cummins (CMI) vs. Deere (DE): 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 Deere (DE) at 3.78 sits in the pricier quartile — DE costs more per dollar of sales.

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

DE

Capital Goods industry group

3.78

Max: 7.54
DE: 3.78
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Cummins (CMI) at 4.63 is valued about in line with its industry on P/B ratio, while Deere (DE) at 6.47 carries an above-peer premium to book — DE is pricier on assets.

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

DE

Capital Goods industry group

6.47

Max: 9.66
DE: 6.47
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Cummins (CMI) and Deere (DE)
Metric	CMI	DE
P/E Ratio (TTM)	18.78	37.33
P/S Ratio (TTM)	1.72	3.78
P/B Ratio (MRQ)	4.63	6.47
Free Cash Flow Yield (TTM)	4.06%	2.49%