CMI vs. FLS: Cummins vs. Flowserve Stock Comparison

November 11, 2026

How do Cummins (CMI) and Flowserve (FLS) 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 Flowserve (FLS) both belong to the Machinery industry, though CMI is classified under Construction Machinery & Heavy Transportation Equipment while FLS falls under Industrial Machinery & Supplies & Components.

Company profile comparison for Cummins (CMI) and Flowserve (FLS)
Profile Item	CMI	FLS
Name	Cummins Inc.	Flowserve Corporation
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	Industrial Machinery & Supplies & Components
Market Capitalization	61.69 billion USD	10.19 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CMI

FLS

GSPC

Cummins (CMI) vs. Flowserve (FLS), 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 Flowserve (FLS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
Total Return (1Y)	-0.52%	24.11%
Total Return (3Y, Annualized)	31.79%	33.68%
Total Return (5Y, Annualized)	17.12%	22.48%

Risk Profile

Drawdown History

CMI

FLS

GSPC

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

Risk Metrics

Risk profile metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
Volatility (1Y, Annualized)	36.83%	42.18%
Beta (5Y)	1.26	1.24
Max Drawdown (5Y)	-38.12%	-38.76%
Avg. Volume (3M)	1.14M	1.61M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and FLS 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 Flowserve (FLS)
Metric	CMI	FLS
Sharpe Ratio (1Y)	-0.13	0.47
Sortino Ratio (1Y)	-0.18	0.70

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while Flowserve (FLS) at 11.61% 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%

FLS

Capital Goods industry group

11.61%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FLS: 11.61%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and Flowserve (FLS) at 5.42% 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%

FLS

Capital Goods industry group

5.42%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FLS: 5.42%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and Flowserve (FLS) at 13.45% 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%

FLS

Capital Goods industry group

13.45%

Max: 36.60%
Q3: 18.33%
FLS: 13.45%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
ROE (TTM)	25.05%	11.61%
ROA (TTM)	7.60%	6.36%
Net Margin (TTM)	9.26%	5.42%
Operating Margin (TTM)	13.95%	13.45%
Gross Margin (TTM)	26.32%	35.30%

Growth

Revenue Growth

Flowserve (FLS) at 3.76% 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.

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

EPS Growth

Flowserve (FLS) at 23.36% 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. Flowserve (FLS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
Revenue Growth (YoY)	-1.27%	3.76%
Revenue Growth (3Y CAGR)	6.25%	9.37%
EPS Growth (YoY)	-27.74%	23.36%
EPS Growth (3Y CAGR)	10.68%	22.39%

Financial Strength

Current Ratio (MRQ)

Both Cummins (CMI) at 1.74 and Flowserve (FLS) at 2.10 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

FLS

Capital Goods industry group

2.10

Max: 5.22
Q3: 2.95
FLS: 2.10
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and Flowserve (FLS) at 0.95 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

FLS

Capital Goods industry group

0.95

Max: 2.33
Q3: 1.12
FLS: 0.95
Median: 0.60
Q1: 0.29
Min: 0.00

Cummins (CMI) vs. Flowserve (FLS): 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 Flowserve (FLS)
Metric	CMI	FLS
Current Ratio (MRQ)	1.74	2.10
Debt / Equity (MRQ)	0.52	0.95
Net Debt / EBITDA	0.62	2.08

Dividends

Dividend Yield (TTM)

Cummins (CMI) at 1.83% delivers top-quartile income for its industry, while Flowserve (FLS) at 1.11% 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%

FLS

Capital Goods industry group

1.11%

Max: 2.66%
Q3: 1.14%
FLS: 1.11%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Cummins (CMI) at 34.21% and Flowserve (FLS) at 43.50% 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%

FLS

Capital Goods industry group

43.50%

Max: 67.39%
FLS: 43.50%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
Dividend Yield (TTM)	1.83%	1.11%
Dividend Payout Ratio (TTM)	34.21%	43.50%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while Flowserve (FLS) at 40.19 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

FLS

Capital Goods industry group

40.19

Max: 59.38
FLS: 40.19
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Cummins (CMI) vs. Flowserve (FLS): 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 Flowserve (FLS) at 2.17 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

FLS

Capital Goods industry group

2.17

Max: 7.54
Q3: 3.76
FLS: 2.17
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Cummins (CMI) at 4.63 and Flowserve (FLS) at 4.40 are valued close to their industries’ norm against book — neither stands out from peers.

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

FLS

Capital Goods industry group

4.40

Max: 9.66
Q3: 5.00
FLS: 4.40
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Cummins (CMI) and Flowserve (FLS)
Metric	CMI	FLS
P/E Ratio (TTM)	18.78	40.19
P/S Ratio (TTM)	1.72	2.17
P/B Ratio (MRQ)	4.63	4.40
Free Cash Flow Yield (TTM)	4.06%	3.62%