CMI vs. PCAR: Cummins vs. PACCAR Stock Comparison

November 11, 2026

How do Cummins (CMI) and PACCAR (PCAR) 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 PACCAR (PCAR) are both classified in the Construction Machinery & Heavy Transportation Equipment sub-industry within the broader Machinery industry, placing them in the closest GICS peer bucket.

Company profile comparison for Cummins (CMI) and PACCAR (PCAR)
Profile Item	CMI	PCAR
Name	Cummins Inc.	PACCAR 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	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	61.69 billion USD	53.69 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	February 21, 1973	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CMI

PCAR

GSPC

Cummins (CMI) vs. PACCAR (PCAR), 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 PACCAR (PCAR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
Total Return (1Y)	-0.52%	9.49%
Total Return (3Y, Annualized)	31.79%	11.04%
Total Return (5Y, Annualized)	17.12%	16.64%

Risk Profile

Drawdown History

CMI

PCAR

GSPC

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

Risk Metrics

Risk profile metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
Volatility (1Y, Annualized)	36.83%	27.23%
Beta (5Y)	1.26	0.94
Max Drawdown (5Y)	-38.12%	-27.75%
Avg. Volume (3M)	1.14M	3.33M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and PCAR 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 PACCAR (PCAR)
Metric	CMI	PCAR
Sharpe Ratio (1Y)	-0.13	0.19
Sortino Ratio (1Y)	-0.18	0.30

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while PACCAR (PCAR) at 13.71% 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%

PCAR

Capital Goods industry group

13.71%

Max: 40.55%
Q3: 19.29%
PCAR: 13.71%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and PACCAR (PCAR) at 9.50% 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%

PCAR

Capital Goods industry group

9.50%

Max: 27.47%
Q3: 12.10%
PCAR: 9.50%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and PACCAR (PCAR) at 12.59% 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%

PCAR

Capital Goods industry group

12.59%

Max: 36.60%
Q3: 18.33%
PCAR: 12.59%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
ROE (TTM)	25.05%	13.71%
ROA (TTM)	7.60%	4.53%
Net Margin (TTM)	9.26%	9.50%
Operating Margin (TTM)	13.95%	12.59%
Gross Margin (TTM)	26.32%	14.21%

Growth

Revenue Growth

Both Cummins (CMI) at -1.27% and PACCAR (PCAR) at -15.50% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Both Cummins (CMI) at -27.74% and PACCAR (PCAR) at -42.91% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
Revenue Growth (YoY)	-1.27%	-15.50%
Revenue Growth (3Y CAGR)	6.25%	-0.44%
EPS Growth (YoY)	-27.74%	-42.91%
EPS Growth (3Y CAGR)	10.68%	-7.80%

Financial Strength

Current Ratio (MRQ)

Cummins (CMI) at 1.74 keeps current ratio within its industry’s typical mid-range, while PACCAR (PCAR) at 5.47 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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

PCAR

Capital Goods industry group

5.47

PCAR: 5.47
Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and PACCAR (PCAR) at 0.72 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

PCAR

Capital Goods industry group

0.72

Max: 2.33
Q3: 1.12
PCAR: 0.72
Median: 0.60
Q1: 0.29
Min: 0.00

Cummins (CMI) vs. PACCAR (PCAR): 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 PACCAR (PCAR)
Metric	CMI	PCAR
Current Ratio (MRQ)	1.74	5.47
Debt / Equity (MRQ)	0.52	0.72
Net Debt / EBITDA	0.62	1.62

Dividends

Dividend Yield (TTM)

Both Cummins (CMI) at 1.83% and PACCAR (PCAR) at 1.30% 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%

PCAR

Capital Goods industry group

1.30%

Max: 2.66%
PCAR: 1.30%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

PACCAR (PCAR) at 25.95% 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%

PCAR

Capital Goods industry group

25.95%

Max: 67.39%
Q3: 28.02%
PCAR: 25.95%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
Dividend Yield (TTM)	1.83%	1.30%
Dividend Payout Ratio (TTM)	34.21%	25.95%

Valuation

P/E Ratio (TTM)

Both Cummins (CMI) at 18.78 and PACCAR (PCAR) at 19.46 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

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

PCAR

Capital Goods industry group

19.46

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
PCAR: 19.46
Min: 3.03

Cummins (CMI) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at 1.85 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

PCAR

Capital Goods industry group

1.85

Max: 7.54
Q3: 3.76
Median: 2.15
PCAR: 1.85
Q1: 1.03
Min: 0.03

Cummins (CMI) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at 2.57 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

PCAR

Capital Goods industry group

2.57

Max: 9.66
Q3: 5.00
Median: 3.12
PCAR: 2.57
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Cummins (CMI) and PACCAR (PCAR)
Metric	CMI	PCAR
P/E Ratio (TTM)	18.78	19.46
P/S Ratio (TTM)	1.72	1.85
P/B Ratio (MRQ)	4.63	2.57
Free Cash Flow Yield (TTM)	4.06%	3.23%