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CMI vs. LHX: Cummins vs. L3Harris Stock Comparison

How do Cummins (CMI) and L3Harris (LHX) 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 L3Harris (LHX) both fall under the Capital Goods industry group, but CMI is classified in Machinery while LHX is classified in Aerospace & Defense.

Company profile comparison for Cummins (CMI) and L3Harris (LHX)
Profile ItemCMILHX
NameCummins Inc.L3Harris Technologies, Inc.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryAerospace & Defense
GICS Sub-IndustryConstruction Machinery & Heavy Transportation EquipmentAerospace & Defense
Market Capitalization61.69 billion USD48.39 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973December 31, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CMI
LHX
GSPC
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Cummins (CMI) vs. L3Harris (LHX), 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 L3Harris (LHX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cummins (CMI) and L3Harris (LHX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
Total Return (1Y)-0.52%-5.21%
Total Return (3Y, Annualized)31.79%16.68%
Total Return (5Y, Annualized)17.12%5.91%

Risk Profile

Drawdown History

CMI
LHX
GSPC
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Cummins (CMI) vs. L3Harris (LHX), 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 L3Harris (LHX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
Volatility (1Y, Annualized)36.83%29.75%
Beta (5Y)1.260.46
Max Drawdown (5Y)-38.12%-38.16%
Avg. Volume (3M)1.14M1.70M

Risk-Adjusted Performance

Risk-Return Positioning

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CMI and LHX 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 L3Harris (LHX)
MetricCMILHX
Sharpe Ratio (1Y)-0.13-0.32
Sortino Ratio (1Y)-0.18-0.45

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while L3Harris (LHX) at 10.03% 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%

LHX

Capital Goods industry group

10.03%

Max
40.55%
Q3
19.29%
Median
12.12%
LHX
10.03%
Q1
4.08%
Min
-17.12%
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and L3Harris (LHX) at 8.76% 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%

LHX

Capital Goods industry group

8.76%

Max
27.47%
Q3
12.10%
LHX
8.76%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and L3Harris (LHX) at 14.34% 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%

LHX

Capital Goods industry group

14.34%

Max
36.60%
Q3
18.33%
LHX
14.34%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
ROE (TTM)25.05%10.03%
ROA (TTM)7.60%4.56%
Net Margin (TTM)9.26%8.76%
Operating Margin (TTM)13.95%14.34%
Gross Margin (TTM)26.32%25.55%

Growth

Revenue Growth

L3Harris (LHX) at 2.53% 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.

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Cummins (CMI) vs. L3Harris (LHX): A comparison of their Revenue Growth across different time periods.

EPS Growth

L3Harris (LHX) at 8.39% is around its peer norm for EPS growth, while Cummins (CMI) at -27.74% drops into the bottom quartile, signaling weaker earnings momentum.

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Cummins (CMI) vs. L3Harris (LHX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
Revenue Growth (YoY)-1.27%2.53%
Revenue Growth (3Y CAGR)6.25%8.62%
EPS Growth (YoY)-27.74%8.39%
EPS Growth (3Y CAGR)10.68%15.82%

Financial Strength

Current Ratio (MRQ)

Cummins (CMI) at 1.74 keeps current ratio within its industry’s typical mid-range, while L3Harris (LHX) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LHX.

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

LHX

Capital Goods industry group

1.20

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
LHX
1.20
Min
0.36
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and L3Harris (LHX) at 0.52 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

LHX

Capital Goods industry group

0.52

Max
2.33
Q3
1.12
Median
0.60
LHX
0.52
Q1
0.29
Min
0.00
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Cummins (CMI) vs. L3Harris (LHX): 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 L3Harris (LHX)
MetricCMILHX
Current Ratio (MRQ)1.741.20
Debt / Equity (MRQ)0.520.52
Net Debt / EBITDA0.621.88

Dividends

Dividend Yield (TTM)

Both Cummins (CMI) at 1.83% and L3Harris (LHX) at 1.92% 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%

LHX

Capital Goods industry group

1.92%

Max
2.66%
LHX
1.92%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cummins (CMI) at 34.21% and L3Harris (LHX) at 46.09% 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%

LHX

Capital Goods industry group

46.09%

Max
67.39%
LHX
46.09%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
Dividend Yield (TTM)1.83%1.92%
Dividend Payout Ratio (TTM)34.21%46.09%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while L3Harris (LHX) at 24.20 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

LHX

Capital Goods industry group

24.20

Max
59.38
Q3
35.92
Median
25.41
LHX
24.20
Q1
19.47
Min
3.03
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Cummins (CMI) vs. L3Harris (LHX): 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 L3Harris (LHX) at 2.07 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

LHX

Capital Goods industry group

2.07

Max
7.54
Q3
3.76
Median
2.15
LHX
2.07
Q1
1.03
Min
0.03
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Cummins (CMI) vs. L3Harris (LHX): 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 L3Harris (LHX) at 2.39 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

LHX

Capital Goods industry group

2.39

Max
9.66
Q3
5.00
Median
3.12
LHX
2.39
Q1
1.81
Min
-1.08
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Cummins (CMI) vs. L3Harris (LHX): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Cummins (CMI) and L3Harris (LHX)
MetricCMILHX
P/E Ratio (TTM)18.7824.20
P/S Ratio (TTM)1.722.07
P/B Ratio (MRQ)4.632.39
Free Cash Flow Yield (TTM)4.06%7.09%