CMI vs HYLN vs PCAR Stock Comparison

Cummins, Hyliion Holdings and Paccar Prices as of Oct 29, 2026 Peers: Industry group
CMI Cummins Inc
$517.69 -0.7% 1M +17.3% 1Y
Market cap
$69.94B
P/E
25.8x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
4 wins
HYLN Hyliion Holdings Corp.
$3.42 -14.7% 1M +50.7% 1Y
Market cap
$571.91M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins
PCAR Paccar Inc
$102.29 -8.5% 1M +4.2% 1Y
Market cap
$54.49B
P/E
19.7x
Revenue (TTM)
$29.08B
Div. yield
–
Heavy Equipment Industrials
5 wins

Head to Head

11 decided of 12

Paccar leads on 5 of the 12 questions below (Paccar 5, Cummins 4, Hyliion Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMIHYLNPCARLeader
Larger companyMarket capitalisation $69.94B $571.91M $54.49B CMI
Cheaper on earningsLower P/E, profitable companies only 25.8x -11.0x 19.7x PCAR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.5x — 16.4x PCAR
Faster revenue growthRevenue growth, trailing twelve months +2.9% +163.2% -1.5% HYLN
More profitableNet margin, trailing twelve months 7.8% -564.3% 9.5% PCAR
Better return on capitalReturn on invested capital 13.6% — -50.7% CMI
Less leveragedLower net debt / EBITDA 0.7x — -0.1x PCAR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +17.3% +50.7% +4.2% HYLN
Better 5-year returnAnnualised price return, 5 years +16.6%/yr -15.8%/yr +11.4%/yr CMI
Less volatileAnnualised volatility, 1 year 36.7% 98.6% 27.0% PCAR
Higher overall scoreMean of the five percentile scores vs peers 61/100 57/100 46/100 CMI

Percentile Scorecard

CMIHYLNPCAR

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

AxisCMIHYLNPCAR
Valuation 53 #97 of 203 33 #42 of 62 53 #96 of 203
Growth 54 #88 of 188 90 #7 of 59 19 #153 of 188
Profitability 73 #51 of 183 13 #48 of 55 31 #127 of 183
Financial Health 52 #104 of 216 93 #6 of 72 56 #95 of 216
Shareholder Returns 73 #42 of 152 – 69 #48 of 152
Overall 61 57 46
  • CMI ranked among 222 companies in Machinery
  • HYLN ranked among 72 companies in Clean Energy Equipment
  • PCAR ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodCMIHYLNPCARSPY
1 month -0.7%-14.7%-8.5% +0.7%
3 months -18.2%-5.0%-23.5% +3.7%
6 months -22.8%+79.1%-13.9% +7.1%
Year to date +1.4%+85.9%-6.6% +12.8%
1 year +17.3%+50.7%+4.2% +11.9%
3 years +137.8%+478.0%+22.3% +85.2%
3 years, per year +33.5%+79.5%+7.0% +22.8%
5 years +115.8%-57.7%+71.2% +67.6%
5 years, per year +16.6%-15.8%+11.4% +10.9%
10 years +308.9%—+177.0% +262.0%
10 years, per year +15.1%—+10.7% +13.7%

Risk

MeasureCMIHYLNPCARSPY
Volatility, 1Y 36.7%98.6%27.0% 12.7%
Downside volatility, 1Y 38.1%92.9%24.5% 12.6%
Beta vs S&P 500, 1Y 1.653.170.89 1.00
Return / volatility, 1Y 0.470.510.15 0.94
Max drawdown, 5Y -30.8%-94.0%-30.6% -25.4%
From 52-week high -28.8%-57.8%-26.0% -1.2%
52-week high $727.59$8.10$138.21 $779.14
52-week low $428.74$1.58$94.15 $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.

MultipleCMIHYLNPCAR
P/E now vs peer median 26.3xmedian 25.8x -11.7xmedian 26.6x 19.5xmedian 25.8x
P/S now vs peer median 2.1xmedian 1.9x 66.1xmedian 2.6x 1.9xmedian 1.9x
EV/EBITDA now vs peer median 14.9xmedian 14.6x -10.7xmedian 18.9x -2.9xmedian 14.6x
P/FCF now vs peer median 21.2xmedian 22.2x -10.8xmedian 30.1x 24.9xmedian 22.2x
P/B now vs peer median 5.1xmedian 2.2x 3.6xmedian 1.9x 2.6xmedian 2.2x
PEG now vs peer median 8.20median 1.45 -0.38median 0.97 -1.56median 1.45

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 monthsCMIHYLNPCAR
Revenue $34.71B $9.25M $29.08B
Gross profit $8.79B $603.00K $5.86B
Operating income $3.89B -$58.73M -$20.02B
Net income $2.83B -$52.19M $2.76B
Free cash flow $3.37B -$56.62M $2.17B
R&D $1.44B $37.27M $438.50M
EPS (diluted) $19.60 $-0.29 $5.23
Cash & equivalents $3.18B $13.20M $6.15B
Total debt $7.35B – $10.40B
Shares (diluted) 138.50M 178.44M 527.70M
Enterprise value $66.02B $237.80M $17.36B

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
MetricCMIHYLNPCAR
P/E 26.3x -11.7x 19.5x
P/FCF 21.2x -10.8x 24.9x
P/Operating cash flow 15.3x -14.4x 14.7x
P/S 2.1x 66.1x 1.9x
P/B 5.1x 3.6x 2.6x
P/Tangible book 6.1x 3.6x 2.6x
EV/EBITDA 14.9x -10.7x -2.9x
EV/EBIT 19.2x -9.3x -2.7x
EV/Revenue 2.2x 59.1x 1.9x
EV/FCF 22.2x -9.7x 25.3x
EV/Operating cash flow 16.1x -12.9x 15.0x
PEG (3Y EPS CAGR) 8.20 -0.38 -1.56

Growth

14 metrics
MetricCMIHYLNPCAR
Revenue growth (1Y) 2.9% 163.2% -1.5%
Revenue CAGR (3Y) 2.5% 62.1% -5.2%
Gross profit growth (1Y) 1.7% 154.4% -4.0%
Gross profit CAGR (3Y) 4.8% 29.7% -8.7%
Operating income growth (1Y) -6.0% 11.9% 1.5%
Operating income CAGR (3Y) 4.1% 29.6% -10.2%
Net income growth (1Y) -7.8% 7.3% 2.6%
Net income CAGR (3Y) 2.9% 30.7% -12.4%
EPS growth (1Y) -7.7% 8.9% 2.4%
EPS CAGR (3Y) 3.2% 30.4% -12.5%
Operating cash flow growth (1Y) 63.4% 10.5% -22.3%
Operating cash flow CAGR (3Y) 28.8% 30.3% -4.8%
Free cash flow growth (1Y) 103.8% 16.0% -32.2%
Free cash flow CAGR (3Y) 45.3% 24.4% -10.7%

Profitability

14 metrics
MetricCMIHYLNPCAR
Gross margin 25.3% 6.5% 20.1%
EBITDA margin 14.4% -551.3% -65.9%
Operating margin 11.2% -635.2% -68.8%
Pretax margin 11.1% -564.5% 12.2%
Net margin 7.8% -564.3% 9.5%
FCF margin 9.7% -612.3% 7.4%
Operating cash flow margin 13.4% -458.2% 12.6%
Return on equity 20.7% -29.7% 13.4%
Return on assets 8.1% -28.2% 6.2%
Return on invested capital 13.6% – -50.7%
Return on capital employed 16.0% -33.4% -51.1%
Asset turnover 1.0x 0.0x 0.7x
Cash conversion (OCF / net income) 1.6x 0.8x 1.3x
Stock comp / revenue – 64.8% –

Financial Health

11 metrics
MetricCMIHYLNPCAR
Debt / assets 20.6% – 23.0%
Debt / equity 0.5x – 0.5x
Net debt / EBITDA 0.7x – -0.1x
Debt / FCF 2.2x – 4.8x
Liabilities / assets 61.0% 5.6% 53.6%
Equity / assets 39.0% 94.4% 46.4%
Interest coverage 12.1x – –
Current ratio 1.7x 7.6x 2.8x
Quick ratio 1.0x 7.1x 2.2x
Cash ratio 0.4x 6.8x 1.7x
Altman Z-score 4.49 34.04 1.41

Shareholder Returns

7 metrics
MetricCMIHYLNPCAR
Dividend yield 1.6% – 2.7%
Net buyback yield 0.7% – -0.1%
Shareholder yield 2.2% – 2.6%
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.

ConsensusCMIHYLNPCAR
Forward P/E 16.5xFY2026 – 16.4xFY2026
EPS, next fiscal year $31.39FY2026 $-0.32FY2026 $6.23FY2026
EPS growth, next FY +31.9%FY2026 – +24.4%FY2026
EPS growth, the year after +14.7% – +20.2%
Revenue, next fiscal year $35.38BFY2026 $14.80MFY2026 $26.76BFY2026
Revenue growth, next FY +5.1%FY2026 +325.2%FY2026 +2.0%FY2026
Revenue growth, the year after +11.3% +127.8% +23.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMIHYLNPCAR
Held by institutions 85.4% 33.4% 73.8%
Institutions holding 2,107 168 1,096
Change in shares held, QoQ +1.0% +19.5% +5.8%
Institutions buying 1,050 106 504
Institutions selling 728 38 406
Buyers to sellers 1.44 2.79 1.24

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.

CMIHYLNPCAR
CMI 1.00 0.37 0.51
HYLN 0.37 1.00 0.10
PCAR 0.51 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CMI, HYLN and PCAR?

Cummins (CMI) is the largest by market capitalisation: Cummins (CMI) $69.94B, Hyliion Holdings (HYLN) $571.91M, Paccar (PCAR) $54.49B.

Which stock is cheaper, CMI, HYLN and PCAR?

Paccar (PCAR) trades on the lowest price-to-earnings ratio (Cummins (CMI) 25.8x, Hyliion Holdings (HYLN) -11.0x, Paccar (PCAR) 19.7x). On next year's consensus earnings, Paccar (PCAR) is cheapest (Cummins (CMI) 16.5x, Paccar (PCAR) 16.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: Cummins (CMI) +2.9%, Hyliion Holdings (HYLN) +163.2%, Paccar (PCAR) -1.5%.

Which company is more profitable?

Paccar (PCAR) has the highest net margin (Cummins (CMI) 7.8%, Hyliion Holdings (HYLN) -564.3%, Paccar (PCAR) 9.5%). On return on invested capital, Cummins (CMI) leads (Cummins (CMI) 13.6%, Paccar (PCAR) -50.7%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Cummins (CMI) +17.3%, Hyliion Holdings (HYLN) +50.7%, Paccar (PCAR) +4.2%. Over five years, Cummins (CMI) compounded fastest (Cummins (CMI) +16.6%/yr, Hyliion Holdings (HYLN) -15.8%/yr, Paccar (PCAR) +11.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Paccar (PCAR) has been the steadiest (Cummins (CMI) 36.7%, Hyliion Holdings (HYLN) 98.6%, Paccar (PCAR) 27.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CMI, HYLN and PCAR?

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