CMI vs. SWK: Cummins vs. Stanley Black & Decker Stock Comparison

November 11, 2026

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

Company profile comparison for Cummins (CMI) and Stanley Black & Decker (SWK)
Profile Item	CMI	SWK
Name	Cummins Inc.	Stanley Black & Decker 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	17.08 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

SWK

GSPC

Cummins (CMI) vs. Stanley Black & Decker (SWK), 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 Stanley Black & Decker (SWK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cummins (CMI) and Stanley Black & Decker (SWK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
Total Return (1Y)	-0.52%	83.07%
Total Return (3Y, Annualized)	31.79%	17.07%
Total Return (5Y, Annualized)	17.12%	-5.19%

Risk Profile

Drawdown History

CMI

SWK

GSPC

Cummins (CMI) vs. Stanley Black & Decker (SWK), 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 Stanley Black & Decker (SWK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
Volatility (1Y, Annualized)	36.83%	38.68%
Beta (5Y)	1.26	1.10
Max Drawdown (5Y)	-38.12%	-68.03%
Avg. Volume (3M)	1.14M	1.67M

Risk-Adjusted Performance

Risk-Return Positioning

CMI and SWK 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 Stanley Black & Decker (SWK)
Metric	CMI	SWK
Sharpe Ratio (1Y)	-0.13	2.04
Sortino Ratio (1Y)	-0.18	3.57

Profitability

ROE (TTM)

Cummins (CMI) at 25.05% sits in the top ROE quartile, while Stanley Black & Decker (SWK) at 9.44% 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%

SWK

Capital Goods industry group

9.44%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
SWK: 9.44%
Q1: 4.08%
Min: -17.12%

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Cummins (CMI) at 9.26% and Stanley Black & Decker (SWK) at 5.53% 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%

SWK

Capital Goods industry group

5.53%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
SWK: 5.53%
Q1: 1.40%
Min: -12.89%

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Cummins (CMI) at 13.95% and Stanley Black & Decker (SWK) at 8.71% 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%

SWK

Capital Goods industry group

8.71%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
SWK: 8.71%
Q1: 5.14%
Min: -12.63%

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
ROE (TTM)	25.05%	9.44%
ROA (TTM)	7.60%	3.48%
Net Margin (TTM)	9.26%	5.53%
Operating Margin (TTM)	13.95%	8.71%
Gross Margin (TTM)	26.32%	32.16%

Growth

Revenue Growth

Both Cummins (CMI) at -1.27% and Stanley Black & Decker (SWK) at -1.53% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Stanley Black & Decker (SWK) at 35.90% sits in the top EPS growth quartile, while Cummins (CMI) at -27.74% is in the bottom quartile, showing a clear gap in earnings momentum.

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
Revenue Growth (YoY)	-1.27%	-1.53%
Revenue Growth (3Y CAGR)	6.25%	-3.71%
EPS Growth (YoY)	-27.74%	35.90%
EPS Growth (3Y CAGR)	10.68%	-26.81%

Financial Strength

Current Ratio (MRQ)

Cummins (CMI) at 1.74 keeps current ratio within its industry’s typical mid-range, while Stanley Black & Decker (SWK) at 1.42 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SWK.

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

SWK

Capital Goods industry group

1.42

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
SWK: 1.42
Min: 0.36

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Cummins (CMI) at 0.52 and Stanley Black & Decker (SWK) at 0.58 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

SWK

Capital Goods industry group

0.58

Max: 2.33
Q3: 1.12
Median: 0.60
SWK: 0.58
Q1: 0.29
Min: 0.00

Cummins (CMI) vs. Stanley Black & Decker (SWK): 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 Stanley Black & Decker (SWK)
Metric	CMI	SWK
Current Ratio (MRQ)	1.74	1.42
Debt / Equity (MRQ)	0.52	0.58
Net Debt / EBITDA	0.62	2.69

Dividends

Dividend Yield (TTM)

Cummins (CMI) at 1.83% earns its spot in the top quartile of its industry’s yields; Stanley Black & Decker (SWK) at 2.89% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

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%

SWK

Capital Goods industry group

2.89%

SWK: 2.89%
Max: 2.66%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cummins (CMI) at 34.21% and Stanley Black & Decker (SWK) at 59.68% 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%

SWK

Capital Goods industry group

59.68%

Max: 67.39%
SWK: 59.68%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
Dividend Yield (TTM)	1.83%	2.89%
Dividend Payout Ratio (TTM)	34.21%	59.68%

Valuation

P/E Ratio (TTM)

Cummins (CMI) at 18.78 sits in the cheaper P/E ratio quartile, while Stanley Black & Decker (SWK) at 20.58 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

SWK

Capital Goods industry group

20.58

Max: 59.38
Q3: 35.92
Median: 25.41
SWK: 20.58
Q1: 19.47
Min: 3.03

Cummins (CMI) vs. Stanley Black & Decker (SWK): 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 Stanley Black & Decker (SWK) at 1.12 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

SWK

Capital Goods industry group

1.12

Max: 7.54
Q3: 3.76
Median: 2.15
SWK: 1.12
Q1: 1.03
Min: 0.03

Cummins (CMI) vs. Stanley Black & Decker (SWK): 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 Stanley Black & Decker (SWK) at 1.93 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

SWK

Capital Goods industry group

1.93

Max: 9.66
Q3: 5.00
Median: 3.12
SWK: 1.93
Q1: 1.81
Min: -1.08

Cummins (CMI) vs. Stanley Black & Decker (SWK): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Cummins (CMI) and Stanley Black & Decker (SWK)
Metric	CMI	SWK
P/E Ratio (TTM)	18.78	20.58
P/S Ratio (TTM)	1.72	1.12
P/B Ratio (MRQ)	4.63	1.93
Free Cash Flow Yield (TTM)	4.06%	11.37%