CMI vs CYD vs FSS Stock Comparison

Cummins, China Yuchai International and Federal Signal Prices as of Oct 27, 2026 Peers: Industry group
CMI Cummins Inc
$530.34 +1.0% 1M +26.0% 1Y
Market cap
$73.01B
P/E
26.9x
Revenue (TTM)
$34.71B
Div. yield
1.55%
Heavy Equipment Industrials
3 wins
FSS Federal Signal Corp /De/
$115.92 +1.1% 1M -7.5% 1Y
Market cap
$7.08B
P/E
24.7x
Revenue (TTM)
$2.45B
Div. yield
0.51%
Heavy Equipment Industrials
5 wins

Head to Head

12 decided of 12

Federal Signal leads on 5 of the 12 questions below (Federal Signal 5, China Yuchai International 4, Cummins 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMICYDFSSLeader
Larger companyMarket capitalisation $73.01B $879.05M $7.08B CMI
Cheaper on earningsLower P/E, profitable companies only 26.9x 11.3x 24.7x CYD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.9x 7.0x 23.6x CYD
Faster revenue growthRevenue growth, trailing twelve months +2.9% — +24.0% FSS
More profitableNet margin, trailing twelve months 7.8% — 11.7% FSS
Better return on capitalReturn on invested capital 13.6% — 15.3% FSS
Less leveragedLower net debt / EBITDA 0.7x — 0.8x CMI
Higher dividend yieldTrailing dividend yield 1.55% 3.71% 0.51% CYD
Better 1-year returnPrice return, last 12 months +26.0% -40.7% -7.5% CMI
Better 5-year returnAnnualised price return, 5 years +16.9%/yr +11.6%/yr +22.1%/yr FSS
Less volatileAnnualised volatility, 1 year 37.1% 55.1% 35.0% FSS
Higher overall scoreMean of the five percentile scores vs peers 59/100 81/100 75/100 CYD

Percentile Scorecard

CMICYDFSS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCMICYDFSS
Valuation 50 #103 of 203 100 #2 of 203 51 #101 of 203
Growth 52 #90 of 188 – 94 #13 of 188
Profitability 71 #54 of 183 – 90 #20 of 183
Financial Health 52 #104 of 217 49 #112 of 217 75 #55 of 217
Shareholder Returns 69 #48 of 153 94 #10 of 153 65 #54 of 153
Overall 59 81 75
  • CMI ranked among 222 companies in Machinery
  • CYD ranked among 222 companies in Machinery
  • FSS ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCMICYDFSSSPY
1 month +1.0%-29.0%+1.1% -0.2%
3 months -17.3%-49.5%-1.6% +3.9%
6 months -17.5%-42.5%+3.7% +8.2%
Year to date +3.9%-34.0%+6.8% +12.9%
1 year +26.0%-40.7%-7.5% +12.3%
3 years +146.4%+187.5%+102.4% +87.4%
3 years, per year +35.1%+42.2%+26.5% +23.3%
5 years +118.5%+73.4%+171.6% +67.9%
5 years, per year +16.9%+11.6%+22.1% +10.9%
10 years +320.0%+113.4%+848.6% +261.1%
10 years, per year +15.4%+7.9%+25.2% +13.7%

Risk

MeasureCMICYDFSSSPY
Volatility, 1Y 37.1%55.1%35.0% 12.7%
Downside volatility, 1Y 38.0%61.7%35.9% 12.7%
Beta vs S&P 500, 1Y 1.641.511.28 1.00
Return / volatility, 1Y 0.70-0.74-0.21 0.97
Max drawdown, 5Y -30.8%-61.1%-33.3% -25.4%
From 52-week high -27.1%-60.8%-13.3% -1.2%
52-week high $727.59$59.71$133.73 $779.14
52-week low $414.30$23.25$104.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCMICYDFSS
P/E now vs peer median 26.9xmedian 25.2x 11.3xmedian 25.2x 24.7xmedian 25.2x
P/S now vs peer median 2.1xmedian 1.9x 0.2xmedian 1.9x 2.9xmedian 1.9x
EV/EBITDA now vs peer median 15.2xmedian 14.0x —median 14.0x 15.4xmedian 14.0x
P/FCF now vs peer median 21.7xmedian 21.7x 2.7xmedian 21.7x 20.9xmedian 21.7x
P/B now vs peer median 5.3xmedian 2.3x 0.5xmedian 2.3x 4.7xmedian 2.3x
PEG now vs peer median 8.40median 1.32 —median 1.32 0.87median 1.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCMICYDFSS
Revenue $34.71B – $2.45B
Gross profit $8.79B – $714.00M
Operating income $3.89B – $395.40M
Net income $2.83B – $285.40M
Free cash flow $3.37B – $339.20M
R&D $1.44B – –
EPS (diluted) $19.60 – $4.64
Cash & equivalents $3.18B $1.08B $62.80M
Total debt $7.35B $288.74M $453.60M
Shares (diluted) 138.50M 37.52M 61.50M
Enterprise value $70.14B -$2.00B $6.82B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCMICYDFSS
P/E 26.9x 11.3x 24.7x
P/FCF 21.7x 2.7x 20.9x
P/Operating cash flow 15.7x – 19.0x
P/S 2.1x 0.2x 2.9x
P/B 5.3x 0.5x 4.7x
P/Tangible book 6.2x 0.6x 6.3x
EV/EBITDA 15.2x – 15.4x
EV/EBIT 19.6x – 18.9x
EV/Revenue 2.2x – 3.1x
EV/FCF 22.7x – 22.0x
EV/Operating cash flow 16.4x – 20.0x
PEG (3Y EPS CAGR) 8.40 – 0.87

Growth

14 metrics
MetricCMICYDFSS
Revenue growth (1Y) 2.9% – 24.0%
Revenue CAGR (3Y) 2.5% – 16.1%
Gross profit growth (1Y) 1.7% – 24.5%
Gross profit CAGR (3Y) 4.8% – 22.1%
Operating income growth (1Y) -6.0% – 27.8%
Operating income CAGR (3Y) 4.1% – 28.8%
Net income growth (1Y) -7.8% – 28.8%
Net income CAGR (3Y) 2.9% – 28.6%
EPS growth (1Y) -7.7% – 28.4%
EPS CAGR (3Y) 3.2% – 28.6%
Operating cash flow growth (1Y) 63.4% – 45.6%
Operating cash flow CAGR (3Y) 28.8% – 59.2%
Free cash flow growth (1Y) 103.8% – 49.8%
Free cash flow CAGR (3Y) 45.3% – 73.3%

Profitability

14 metrics
MetricCMICYDFSS
Gross margin 25.3% – 29.2%
EBITDA margin 14.4% – 19.8%
Operating margin 11.2% – 16.2%
Pretax margin 11.1% – 15.2%
Net margin 7.8% – 11.7%
FCF margin 9.7% – 13.9%
Operating cash flow margin 13.4% – 15.2%
Return on equity 20.7% – 19.4%
Return on assets 8.1% – 11.7%
Return on invested capital 13.6% – 15.3%
Return on capital employed 16.0% – 18.5%
Asset turnover 1.0x – 1.0x
Cash conversion (OCF / net income) 1.6x – 1.3x
Stock comp / revenue – – 0.6%

Financial Health

11 metrics
MetricCMICYDFSS
Debt / assets 20.6% 6.3% 18.6%
Debt / equity 0.5x 0.2x 0.3x
Net debt / EBITDA 0.7x – 0.8x
Debt / FCF 2.2x – 1.3x
Liabilities / assets 61.0% 59.6% 38.2%
Equity / assets 39.0% 40.4% 61.8%
Interest coverage 12.1x – 19.3x
Current ratio 1.7x 1.4x 2.7x
Quick ratio 1.0x 1.1x 1.1x
Cash ratio 0.4x 0.4x 0.2x
Altman Z-score 4.54 – 7.19

Shareholder Returns

7 metrics
MetricCMICYDFSS
Dividend yield 1.5% 3.7% 0.5%
Net buyback yield 0.6% – 0.0%
Shareholder yield 2.2% 3.7% 0.5%
Payout ratio (earnings) – – 12.6%
Payout ratio (FCF) – – 10.6%
Dividend growth (1Y) – – 13.6%
Dividend CAGR (3Y) – – 17.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCMICYDFSS
Forward P/E 16.9xFY2026 7.0xFY2026 23.6xFY2026
EPS, next fiscal year $31.39FY2026 $3.34FY2026 $4.92FY2026
EPS growth, next FY +31.9%FY2026 +62.9%FY2026 +16.3%FY2026
EPS growth, the year after +14.7% +14.4% +10.0%
Revenue, next fiscal year $35.38BFY2026 $4.43BFY2026 $2.79BFY2026
Revenue growth, next FY +5.1%FY2026 +25.5%FY2026 +28.1%FY2026
Revenue growth, the year after +11.3% -4.0% -5.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMICYDFSS
Held by institutions 85.4% 22.4% 100.0%
Institutions holding 2,106 121 474
Change in shares held, QoQ +1.0% +4.4% +3.9%
Institutions buying 1,049 65 249
Institutions selling 728 33 152
Buyers to sellers 1.44 1.97 1.64

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CMICYDFSS
CMI 1.00 0.45 0.45
CYD 0.45 1.00 0.23
FSS 0.45 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CMI, CYD and FSS?

Cummins (CMI) is the largest by market capitalisation: Cummins (CMI) $73.01B, China Yuchai International (CYD) $879.05M, Federal Signal (FSS) $7.08B.

Which stock is cheaper, CMI, CYD and FSS?

China Yuchai International (CYD) trades on the lowest price-to-earnings ratio (Cummins (CMI) 26.9x, China Yuchai International (CYD) 11.3x, Federal Signal (FSS) 24.7x). On next year's consensus earnings, China Yuchai International (CYD) is cheapest (Cummins (CMI) 16.9x, China Yuchai International (CYD) 7.0x, Federal Signal (FSS) 23.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Federal Signal (FSS) grew revenue fastest over the trailing twelve months: Cummins (CMI) +2.9%, Federal Signal (FSS) +24.0%.

Which company is more profitable?

Federal Signal (FSS) has the highest net margin (Cummins (CMI) 7.8%, Federal Signal (FSS) 11.7%). On return on invested capital, Federal Signal (FSS) leads (Cummins (CMI) 13.6%, Federal Signal (FSS) 15.3%).

Which stock has performed better?

Over the past year Cummins (CMI) returned the most: Cummins (CMI) +26.0%, China Yuchai International (CYD) -40.7%, Federal Signal (FSS) -7.5%. Over five years, Federal Signal (FSS) compounded fastest (Cummins (CMI) +16.9%/yr, China Yuchai International (CYD) +11.6%/yr, Federal Signal (FSS) +22.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

China Yuchai International (CYD) has the highest dividend yield: Cummins (CMI) 1.55%, China Yuchai International (CYD) 3.71%, Federal Signal (FSS) 0.51%.

Which stock is riskier?

By one-year price volatility, Federal Signal (FSS) has been the steadiest (Cummins (CMI) 37.1%, China Yuchai International (CYD) 55.1%, Federal Signal (FSS) 35.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CMI, CYD and FSS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Federal Signal (FSS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.