CMI vs. FERG: Cummins vs. Ferguson Enterprises Stock Comparison

November 11, 2026

How do Cummins (CMI) and Ferguson Enterprises (FERG) 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 Ferguson Enterprises (FERG) both fall under the Capital Goods industry group, but CMI is classified in Machinery while FERG is classified in Trading Companies & Distributors.

Company profile comparison for Cummins (CMI) and Ferguson Enterprises (FERG)
Profile Item	CMI	FERG
Name	Cummins Inc.	Ferguson Enterprises Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Trading Companies & Distributors
GICS Sub-Industry	Construction Machinery & Heavy Transportation Equipment	Trading Companies & Distributors
Market Capitalization	61.69 billion USD	45.21 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	January 5, 2010
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CMI

FERG

GSPC

Cummins (CMI) vs. Ferguson Enterprises (FERG), 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 Ferguson Enterprises (FERG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
Total Return (1Y)	-0.52%	6.92%
Total Return (3Y, Annualized)	31.79%	20.73%
Total Return (5Y, Annualized)	17.12%	13.21%

Risk Profile

Drawdown History

CMI

FERG

GSPC

Cummins (CMI) vs. Ferguson Enterprises (FERG), 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 Ferguson Enterprises (FERG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
Volatility (1Y, Annualized)	36.83%	32.85%
Beta (5Y)	1.26	1.08
Max Drawdown (5Y)	-38.12%	-43.31%
Avg. Volume (3M)	1.14M	1.46M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and FERG 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 Ferguson Enterprises (FERG)
Metric	CMI	FERG
Sharpe Ratio (1Y)	-0.13	0.08
Sortino Ratio (1Y)	-0.18	0.12

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Cummins (CMI) earns 25.05% on shareholders’ equity, ranked against its industry; Ferguson Enterprises (FERG) has no ROE this period.

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%

FERG

Capital Goods industry group

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

Cummins (CMI) vs. Ferguson Enterprises (FERG): FERG does not report ROE, so it has no value marker; CMI is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and Ferguson Enterprises (FERG) at 6.32% 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%

FERG

Capital Goods industry group

6.32%

Max: 27.47%
Q3: 12.10%
FERG: 6.32%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and Ferguson Enterprises (FERG) at 10.16% 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%

FERG

Capital Goods industry group

10.16%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
FERG: 10.16%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
ROE (TTM)	25.05%	--
ROA (TTM)	7.60%	--
Net Margin (TTM)	9.26%	6.32%
Operating Margin (TTM)	13.95%	10.16%
Gross Margin (TTM)	26.32%	30.63%

Growth

Revenue Growth

Only one side can be read here: Cummins (CMI) reports revenue growth of -1.27%, ranked against its industry; Ferguson Enterprises (FERG) has no revenue growth figure this period.

Cummins (CMI) vs. Ferguson Enterprises (FERG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Ferguson Enterprises (FERG) at 19.11% is around its peer norm for EPS growth, while Cummins (CMI) at -27.74% drops into the bottom quartile, signaling weaker earnings momentum.

Cummins (CMI) vs. Ferguson Enterprises (FERG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
Revenue Growth (YoY)	-1.27%	--
Revenue Growth (3Y CAGR)	6.25%	--
EPS Growth (YoY)	-27.74%	19.11%
EPS Growth (3Y CAGR)	10.68%	--

Financial Strength

Current Ratio (MRQ)

Both Cummins (CMI) at 1.74 and Ferguson Enterprises (FERG) at 1.73 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

FERG

Capital Goods industry group

1.73

Max: 5.22
Q3: 2.95
Median: 2.08
FERG: 1.73
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and Ferguson Enterprises (FERG) at 1.11 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

FERG

Capital Goods industry group

1.11

Max: 2.33
Q3: 1.12
FERG: 1.11
Median: 0.60
Q1: 0.29
Min: 0.00

Cummins (CMI) vs. Ferguson Enterprises (FERG): 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 Ferguson Enterprises (FERG)
Metric	CMI	FERG
Current Ratio (MRQ)	1.74	1.73
Debt / Equity (MRQ)	0.52	1.11
Net Debt / EBITDA	0.62	2.10

Dividends

Dividend Yield (TTM)

Both Cummins (CMI) at 1.83% and Ferguson Enterprises (FERG) at 1.80% offer top-quartile dividend income relative to share price within their industries.

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%

FERG

Capital Goods industry group

1.80%

Max: 2.66%
FERG: 1.80%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Cummins (CMI) at 34.21% and Ferguson Enterprises (FERG) at 33.57% 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%

FERG

Capital Goods industry group

33.57%

Max: 67.39%
FERG: 33.57%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
Dividend Yield (TTM)	1.83%	1.80%
Dividend Payout Ratio (TTM)	34.21%	33.57%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while Ferguson Enterprises (FERG) at 23.00 is closer to its industry’s usual earnings multiple — a discount for CMI, though growth and earnings durability still matter.

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

FERG

Capital Goods industry group

23.00

Max: 59.38
Q3: 35.92
Median: 25.41
FERG: 23.00
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Cummins (CMI) at 1.72 and Ferguson Enterprises (FERG) at 1.44 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

FERG

Capital Goods industry group

1.44

Max: 7.54
Q3: 3.76
Median: 2.15
FERG: 1.44
Q1: 1.03
Min: 0.03

Cummins (CMI) vs. Ferguson Enterprises (FERG): 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 Ferguson Enterprises (FERG) at 7.29 carries an above-peer premium to book — FERG 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

FERG

Capital Goods industry group

7.29

Max: 9.66
FERG: 7.29
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Cummins (CMI) and Ferguson Enterprises (FERG)
Metric	CMI	FERG
P/E Ratio (TTM)	18.78	23.00
P/S Ratio (TTM)	1.72	1.44
P/B Ratio (MRQ)	4.63	7.29
Free Cash Flow Yield (TTM)	4.06%	--