CMI vs. IR: Cummins vs. Ingersoll Rand Stock Comparison

November 11, 2026

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

Company profile comparison for Cummins (CMI) and Ingersoll Rand (IR)
Profile Item	CMI	IR
Name	Cummins Inc.	Ingersoll Rand Inc.
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	31.87 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	May 12, 2017
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CMI

GSPC

Cummins (CMI) vs. Ingersoll Rand (IR), 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 Ingersoll Rand (IR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
Total Return (1Y)	-0.52%	12.39%
Total Return (3Y, Annualized)	31.79%	9.19%
Total Return (5Y, Annualized)	17.12%	8.02%

Risk Profile

Drawdown History

CMI

GSPC

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

Risk Metrics

Risk profile metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
Volatility (1Y, Annualized)	36.83%	34.08%
Beta (5Y)	1.26	1.12
Max Drawdown (5Y)	-38.12%	-36.62%
Avg. Volume (3M)	1.14M	4.27M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and IR 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 Ingersoll Rand (IR)
Metric	CMI	IR
Sharpe Ratio (1Y)	-0.13	0.24
Sortino Ratio (1Y)	-0.18	0.37

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while Ingersoll Rand (IR) at 13.41% 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%

IR

Capital Goods industry group

13.41%

Max: 40.55%
Q3: 19.29%
IR: 13.41%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Cummins (CMI) vs. Ingersoll Rand (IR): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Ingersoll Rand (IR) at 17.20% retains a top-quartile share of revenue as profit, ahead of Cummins (CMI) at 9.26%, which keeps about the industry-typical share.

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%

IR

Capital Goods industry group

17.20%

Max: 27.47%
IR: 17.20%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Ingersoll Rand (IR) at 18.79% operates in the top operating margin quartile, ahead of Cummins (CMI) at 13.95%, which runs around its industry’s norm.

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%

IR

Capital Goods industry group

18.79%

Max: 36.60%
IR: 18.79%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
ROE (TTM)	25.05%	13.41%
ROA (TTM)	7.60%	4.98%
Net Margin (TTM)	9.26%	17.20%
Operating Margin (TTM)	13.95%	18.79%
Gross Margin (TTM)	26.32%	42.57%

Growth

Revenue Growth

Ingersoll Rand (IR) at 5.75% 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. Ingersoll Rand (IR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cummins (CMI) at -27.74% and Ingersoll Rand (IR) at -29.61% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Cummins (CMI) vs. Ingersoll Rand (IR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
Revenue Growth (YoY)	-1.27%	5.75%
Revenue Growth (3Y CAGR)	6.25%	8.95%
EPS Growth (YoY)	-27.74%	-29.61%
EPS Growth (3Y CAGR)	10.68%	-0.46%

Financial Strength

Current Ratio (MRQ)

Both Cummins (CMI) at 1.74 and Ingersoll Rand (IR) at 1.69 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

IR

Capital Goods industry group

1.69

Max: 5.22
Q3: 2.95
Median: 2.08
IR: 1.69
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and Ingersoll Rand (IR) at 0.46 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

IR

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
IR: 0.46
Q1: 0.29
Min: 0.00

Cummins (CMI) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR)
Metric	CMI	IR
Current Ratio (MRQ)	1.74	1.69
Debt / Equity (MRQ)	0.52	0.46
Net Debt / EBITDA	0.62	1.76

Dividends

Dividend Yield (TTM)

Cummins (CMI) at 1.83% delivers top-quartile income for its industry, while Ingersoll Rand (IR) at 0.10% 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%

IR

Capital Goods industry group

0.10%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
IR: 0.10%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Ingersoll Rand (IR) at 2.27% pays out a band-typical share of earnings, while Cummins (CMI) at 34.21% distributes more than its industry norm — less retained, thinner cover.

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%

IR

Capital Goods industry group

2.27%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
IR: 2.27%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
Dividend Yield (TTM)	1.83%	0.10%
Dividend Payout Ratio (TTM)	34.21%	2.27%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while Ingersoll Rand (IR) at 23.51 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

IR

Capital Goods industry group

23.51

Max: 59.38
Q3: 35.92
Median: 25.41
IR: 23.51
Q1: 19.47
Min: 3.03

Cummins (CMI) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR) at 3.96 sits in the pricier quartile — IR 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

IR

Capital Goods industry group

3.96

Max: 7.54
IR: 3.96
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Cummins (CMI) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR) at 3.03 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

IR

Capital Goods industry group

3.03

Max: 9.66
Q3: 5.00
Median: 3.12
IR: 3.03
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Cummins (CMI) and Ingersoll Rand (IR)
Metric	CMI	IR
P/E Ratio (TTM)	18.78	23.51
P/S Ratio (TTM)	1.72	3.96
P/B Ratio (MRQ)	4.63	3.03
Free Cash Flow Yield (TTM)	4.06%	3.19%