CMI vs GENC vs WNC Stock Comparison

Cummins, Gencor Industries and Wabash National Prices as of Oct 28, 2026 Peers: Industry group
CMI Cummins Inc
$531.67 +2.6% 1M +28.3% 1Y
Market cap
$73.19B
P/E
27.0x
Revenue (TTM)
$34.71B
Div. yield
1.54%
Heavy Equipment Industrials
5 wins
GENC Gencor Industries Inc
$17.18 -0.8% 1M +23.3% 1Y
Market cap
$211.98M
P/E
16.9x
Revenue (TTM)
$110.01M
Div. yield
–
Heavy Equipment Industrials
4 wins
WNC WABASH NATIONAL Corp
$13.84 +9.5% 1M +61.7% 1Y
Market cap
$563.80M
P/E
–
Revenue (TTM)
$1.42B
Div. yield
2.31%
Heavy Equipment Industrials
3 wins

Head to Head

12 decided of 12

Cummins leads on 5 of the 12 questions below (Cummins 5, Gencor Industries 4, Wabash National 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMIGENCWNCLeader
Larger companyMarket capitalisation $73.19B $211.98M $563.80M CMI
Cheaper on earningsLower P/E, profitable companies only 27.0x 16.9x -7.3x GENC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.9x 15.2x — GENC
Faster revenue growthRevenue growth, trailing twelve months +2.9% -6.4% -17.3% CMI
More profitableNet margin, trailing twelve months 7.8% 13.5% -5.5% GENC
Better return on capitalReturn on invested capital 13.6% — -7.4% CMI
Less leveragedLower net debt / EBITDA 0.7x — -20.4x WNC
Higher dividend yieldTrailing dividend yield 1.54% — 2.31% WNC
Better 1-year returnPrice return, last 12 months +28.3% +23.3% +61.7% WNC
Better 5-year returnAnnualised price return, 5 years +17.3%/yr +9.0%/yr -2.3%/yr CMI
Less volatileAnnualised volatility, 1 year 37.1% 38.3% 57.2% CMI
Higher overall scoreMean of the five percentile scores vs peers 60/100 61/100 31/100 GENC

Percentile Scorecard

CMIGENCWNC

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

AxisCMIGENCWNC
Valuation 50 #103 of 203 69 #64 of 203 31 #140 of 203
Growth 54 #88 of 188 41 #112 of 188 10 #169 of 188
Profitability 71 #54 of 184 37 #117 of 184 16 #154 of 184
Financial Health 54 #100 of 217 100 #2 of 217 9 #197 of 217
Shareholder Returns 71 #45 of 153 – 87 #21 of 153
Overall 60 61 31
  • CMI ranked among 222 companies in Machinery
  • GENC ranked among 222 companies in Machinery
  • WNC ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodCMIGENCWNCSPY
1 month +2.6%-0.8%+9.5% +0.9%
3 months -12.3%+18.8%+12.2% +5.9%
6 months -16.8%+18.7%+65.9% +8.5%
Year to date +4.2%+32.6%+60.0% +13.3%
1 year +28.3%+23.3%+61.7% +12.4%
3 years +147.0%+23.0%-32.9% +88.1%
3 years, per year +35.2%+7.1%-12.5% +23.5%
5 years +121.7%+53.9%-10.9% +68.2%
5 years, per year +17.3%+9.0%-2.3% +11.0%
10 years +319.9%+46.2%+24.7% +263.4%
10 years, per year +15.4%+3.9%+2.2% +13.8%

Risk

MeasureCMIGENCWNCSPY
Volatility, 1Y 37.1%38.3%57.2% 12.7%
Downside volatility, 1Y 38.1%30.0%51.2% 12.7%
Beta vs S&P 500, 1Y 1.640.851.51 1.00
Return / volatility, 1Y 0.760.611.08 0.98
Max drawdown, 5Y -30.8%-55.7%-77.4% -25.4%
From 52-week high -26.9%-14.7%-3.4% -0.9%
52-week high $727.59$20.14$14.32 $779.14
52-week low $414.30$12.23$6.77 $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.

MultipleCMIGENCWNC
P/E now vs peer median 27.0xmedian 25.4x 16.9xmedian 25.4x -7.3xmedian 25.4x
P/S now vs peer median 2.1xmedian 1.9x 1.9xmedian 1.9x 0.4xmedian 1.9x
EV/EBITDA now vs peer median 15.3xmedian 14.3x 3.2xmedian 14.3x -46.4xmedian 14.3x
P/FCF now vs peer median 21.7xmedian 21.8x -131.2xmedian 21.8x -13.1xmedian 21.8x
P/B now vs peer median 5.3xmedian 2.2x 0.9xmedian 2.2x 1.9xmedian 2.2x
PEG now vs peer median 8.42median 1.41 2.31median 1.41 0.21median 1.41

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 monthsCMIGENCWNC
Revenue $34.71B $110.01M $1.42B
Gross profit $8.79B $31.45M $14.26M
Operating income $3.89B $12.92M -$79.95M
Net income $2.83B $14.89M -$77.96M
Free cash flow $3.37B -$1.62M -$42.92M
R&D $1.44B $2.73M –
EPS (diluted) $19.60 $1.02 $-1.91
Cash & equivalents $3.18B $26.26M $71.50M
Total debt $7.35B – $513.22M
Shares (diluted) 138.50M 14.66M 40.92M
Enterprise value $70.33B -$391.36M $326.68M

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
MetricCMIGENCWNC
P/E 27.0x 16.9x -7.3x
P/FCF 21.7x -131.2x -13.1x
P/Operating cash flow 15.8x 193.8x -756.8x
P/S 2.1x 1.9x 0.4x
P/B 5.3x 0.9x 1.9x
P/Tangible book 6.2x 0.9x 2.4x
EV/EBITDA 15.3x 3.2x -46.4x
EV/EBIT 19.7x 3.7x -12.6x
EV/Revenue 2.2x 0.4x 0.7x
EV/FCF 22.8x -29.6x -23.4x
EV/Operating cash flow 16.5x 43.7x -1,350x
PEG (3Y EPS CAGR) 8.42 2.31 0.21

Growth

14 metrics
MetricCMIGENCWNC
Revenue growth (1Y) 2.9% -6.4% -17.3%
Revenue CAGR (3Y) 2.5% 0.8% -18.4%
Gross profit growth (1Y) 1.7% -3.3% -91.1%
Gross profit CAGR (3Y) 4.8% 4.7% -68.4%
Operating income growth (1Y) -6.0% -16.6% 33.2%
Operating income CAGR (3Y) 4.1% 2.8% -31.6%
Net income growth (1Y) -7.8% -2.0% 29.0%
Net income CAGR (3Y) 2.9% 7.3% -33.6%
EPS growth (1Y) -7.7% -2.0% 27.6%
EPS CAGR (3Y) 3.2% 7.3% -34.9%
Operating cash flow growth (1Y) 63.4% 796.7% -100.7%
Operating cash flow CAGR (3Y) 28.8% 28.4% -26.1%
Free cash flow growth (1Y) 103.8% -78.4% -248.5%
Free cash flow CAGR (3Y) 45.3% 50.4% -34.9%

Profitability

14 metrics
MetricCMIGENCWNC
Gross margin 25.3% 28.6% 1.0%
EBITDA margin 14.4% 13.7% -1.5%
Operating margin 11.2% 11.7% -5.6%
Pretax margin 11.1% 17.0% -7.3%
Net margin 7.8% 13.5% -5.5%
FCF margin 9.7% -1.5% -3.0%
Operating cash flow margin 13.4% 1.0% -0.1%
Return on equity 20.7% 6.7% -25.4%
Return on assets 8.1% 6.3% -6.3%
Return on invested capital 13.6% – -7.4%
Return on capital employed 16.0% 5.7% -9.3%
Asset turnover 1.0x 0.5x 1.2x
Cash conversion (OCF / net income) 1.6x 0.1x 0.0x
Stock comp / revenue – – 0.8%

Financial Health

11 metrics
MetricCMIGENCWNC
Debt / assets 20.6% – 41.4%
Debt / equity 0.5x – 1.8x
Net debt / EBITDA 0.7x – -20.4x
Debt / FCF 2.2x – -12.0x
Liabilities / assets 61.0% 5.9% 76.4%
Equity / assets 39.0% 94.1% 23.6%
Interest coverage 12.1x – -3.4x
Current ratio 1.7x 19.2x 1.3x
Quick ratio 1.0x 14.9x 0.7x
Cash ratio 0.4x 14.1x 0.2x
Altman Z-score 4.55 11.88 1.67

Shareholder Returns

7 metrics
MetricCMIGENCWNC
Dividend yield 1.5% – 2.3%
Net buyback yield 0.6% – 1.2%
Shareholder yield 2.2% – 3.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusCMIGENCWNC
Forward P/E 16.9xFY2026 15.2xFY2026 –
EPS, next fiscal year $31.39FY2026 $1.13FY2026 $-2.47FY2026
EPS growth, next FY +31.9%FY2026 +5.6%FY2026 –
EPS growth, the year after +14.7% -15.9% –
Revenue, next fiscal year $35.38BFY2026 $111.17MFY2026 $1.68BFY2026
Revenue growth, next FY +5.1%FY2026 -3.7%FY2026 +9.3%FY2026
Revenue growth, the year after +11.3% +38.5% +13.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMIGENCWNC
Held by institutions 85.4% 48.7% 91.8%
Institutions holding 2,106 94 165
Change in shares held, QoQ +1.0% -2.6% -3.6%
Institutions buying 1,049 40 84
Institutions selling 728 33 61
Buyers to sellers 1.44 1.21 1.38

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.

CMIGENCWNC
CMI 1.00 0.29 0.38
GENC 0.29 1.00 0.22
WNC 0.38 0.22 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CMI, GENC and WNC?

Cummins (CMI) is the largest by market capitalisation: Cummins (CMI) $73.19B, Gencor Industries (GENC) $211.98M, Wabash National (WNC) $563.80M.

Which stock is cheaper, CMI, GENC and WNC?

Gencor Industries (GENC) trades on the lowest price-to-earnings ratio (Cummins (CMI) 27.0x, Gencor Industries (GENC) 16.9x, Wabash National (WNC) -7.3x). On next year's consensus earnings, Gencor Industries (GENC) is cheapest (Cummins (CMI) 16.9x, Gencor Industries (GENC) 15.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cummins (CMI) grew revenue fastest over the trailing twelve months: Cummins (CMI) +2.9%, Gencor Industries (GENC) -6.4%, Wabash National (WNC) -17.3%.

Which company is more profitable?

Gencor Industries (GENC) has the highest net margin (Cummins (CMI) 7.8%, Gencor Industries (GENC) 13.5%, Wabash National (WNC) -5.5%). On return on invested capital, Cummins (CMI) leads (Cummins (CMI) 13.6%, Wabash National (WNC) -7.4%).

Which stock has performed better?

Over the past year Wabash National (WNC) returned the most: Cummins (CMI) +28.3%, Gencor Industries (GENC) +23.3%, Wabash National (WNC) +61.7%. Over five years, Cummins (CMI) compounded fastest (Cummins (CMI) +17.3%/yr, Gencor Industries (GENC) +9.0%/yr, Wabash National (WNC) -2.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Wabash National (WNC) has the highest dividend yield: Cummins (CMI) 1.54%, Wabash National (WNC) 2.31%. Gencor Industries (GENC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cummins (CMI) has been the steadiest (Cummins (CMI) 37.1%, Gencor Industries (GENC) 38.3%, Wabash National (WNC) 57.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CMI, GENC and WNC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cummins (CMI) 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.