CMI vs HYLN Stock Comparison

Cummins and Hyliion Holdings Prices as of Oct 26, 2026 Peers: Industry group
CMI Cummins Inc
$521.78 -0.7% 1M +23.8% 1Y
Market cap
$73.13B
P/E
26.9x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
5 wins
HYLN Hyliion Holdings Corp.
$2.97 -29.6% 1M +30.3% 1Y
Market cap
$584.40M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins

Head to Head

7 decided of 12

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

QuestionCMIHYLNLeader
Larger companyMarket capitalisation $73.13B $584.40M CMI
Cheaper on earningsLower P/E, profitable companies only 26.9x -11.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.6x — –
Faster revenue growthRevenue growth, trailing twelve months +2.9% +163.2% HYLN
More profitableNet margin, trailing twelve months 7.8% -564.3% CMI
Better return on capitalReturn on invested capital 13.6% — –
Less leveragedLower net debt / EBITDA 0.7x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +23.8% +30.3% HYLN
Better 5-year returnAnnualised price return, 5 years +17.3%/yr -16.6%/yr CMI
Less volatileAnnualised volatility, 1 year 37.2% 98.6% CMI
Higher overall scoreMean of the five percentile scores vs peers 60/100 57/100 CMI

Percentile Scorecard

CMIHYLN

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

AxisCMIHYLN
Valuation 51 #101 of 203 35 #40 of 61
Growth 54 #87 of 187 86 #9 of 58
Profitability 71 #54 of 185 13 #48 of 55
Financial Health 51 #107 of 219 93 #6 of 71
Shareholder Returns 72 #44 of 153 –
Overall 60 57
  • CMI ranked among 222 companies in Machinery
  • HYLN ranked among 71 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodCMIHYLNSPY
1 month -0.7%-29.6% -0.8%
3 months -21.1%-22.3% +3.5%
6 months -21.0%+61.4% +7.0%
Year to date +2.2%+61.4% +12.2%
1 year +23.8%+30.3% +13.0%
3 years +142.4%+426.5% +86.3%
3 years, per year +34.4%+74.0% +23.1%
5 years +122.2%-59.5% +68.6%
5 years, per year +17.3%-16.6% +11.0%
10 years +312.4%— +258.0%
10 years, per year +15.2%— +13.6%

Risk

MeasureCMIHYLNSPY
Volatility, 1Y 37.2%98.6% 12.7%
Downside volatility, 1Y 38.0%92.7% 12.7%
Beta vs S&P 500, 1Y 1.643.14 1.00
Return / volatility, 1Y 0.640.31 1.02
Max drawdown, 5Y -30.8%-94.0% -25.4%
From 52-week high -28.3%-63.3% -1.8%
52-week high $727.59$8.10 $779.14
52-week low $414.30$1.58 $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.

MultipleCMIHYLN
P/E now vs peer median 26.5xmedian 26.0x -10.2xmedian 25.4x
P/S now vs peer median 2.1xmedian 1.9x 57.4xmedian 2.1x
EV/EBITDA now vs peer median 15.0xmedian 14.0x -9.1xmedian 17.5x
P/FCF now vs peer median 21.3xmedian 21.4x -9.4xmedian 27.3x
P/B now vs peer median 5.2xmedian 2.2x 3.1xmedian 1.7x
PEG now vs peer median 8.26median 1.26 -0.33median 0.77

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 monthsCMIHYLN
Revenue $34.71B $9.25M
Gross profit $8.79B $603.00K
Operating income $3.89B -$58.73M
Net income $2.83B -$52.19M
Free cash flow $3.37B -$56.62M
R&D $1.44B $37.27M
EPS (diluted) $19.60 $-0.29
Cash & equivalents $3.18B $13.20M
Total debt $7.35B –
Shares (diluted) 138.50M 178.44M
Enterprise value $69.21B $250.29M

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
MetricCMIHYLN
P/E 26.5x -10.2x
P/FCF 21.3x -9.4x
P/Operating cash flow 15.5x -12.5x
P/S 2.1x 57.4x
P/B 5.2x 3.1x
P/Tangible book 6.1x 3.1x
EV/EBITDA 15.0x -9.1x
EV/EBIT 19.3x -7.9x
EV/Revenue 2.2x 50.4x
EV/FCF 22.4x -8.2x
EV/Operating cash flow 16.2x -11.0x
PEG (3Y EPS CAGR) 8.26 -0.33

Growth

14 metrics
MetricCMIHYLN
Revenue growth (1Y) 2.9% 163.2%
Revenue CAGR (3Y) 2.5% 62.1%
Gross profit growth (1Y) 1.7% 154.4%
Gross profit CAGR (3Y) 4.8% 29.7%
Operating income growth (1Y) -6.0% 11.9%
Operating income CAGR (3Y) 4.1% 29.6%
Net income growth (1Y) -7.8% 7.3%
Net income CAGR (3Y) 2.9% 30.7%
EPS growth (1Y) -7.7% 8.9%
EPS CAGR (3Y) 3.2% 30.4%
Operating cash flow growth (1Y) 63.4% 10.5%
Operating cash flow CAGR (3Y) 28.8% 30.3%
Free cash flow growth (1Y) 103.8% 16.0%
Free cash flow CAGR (3Y) 45.3% 24.4%

Profitability

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

Financial Health

11 metrics
MetricCMIHYLN
Debt / assets 20.6% –
Debt / equity 0.5x –
Net debt / EBITDA 0.7x –
Debt / FCF 2.2x –
Liabilities / assets 61.0% 5.6%
Equity / assets 39.0% 94.4%
Interest coverage 12.1x –
Current ratio 1.7x 7.6x
Quick ratio 1.0x 7.1x
Cash ratio 0.4x 6.8x
Altman Z-score 4.51 29.24

Shareholder Returns

7 metrics
MetricCMIHYLN
Dividend yield 1.6% –
Net buyback yield 0.7% –
Shareholder yield 2.2% –
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.

ConsensusCMIHYLN
Forward P/E 16.6xFY2026 –
EPS, next fiscal year $31.39FY2026 $-0.32FY2026
EPS growth, next FY +31.9%FY2026 –
EPS growth, the year after +14.7% –
Revenue, next fiscal year $35.38BFY2026 $14.80MFY2026
Revenue growth, next FY +5.1%FY2026 +325.2%FY2026
Revenue growth, the year after +11.3% +127.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMIHYLN
Held by institutions 85.4% 33.4%
Institutions holding 2,105 168
Change in shares held, QoQ +1.0% +19.5%
Institutions buying 1,048 106
Institutions selling 728 38
Buyers to sellers 1.44 2.79

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.

CMIHYLN
CMI 1.00 0.37
HYLN 0.37 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, CMI and HYLN?

Cummins (CMI) is the largest by market capitalisation: Cummins (CMI) $73.13B, Hyliion Holdings (HYLN) $584.40M.

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%.

Which company is more profitable?

Cummins (CMI) has the highest net margin (Cummins (CMI) 7.8%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Cummins (CMI) +23.8%, Hyliion Holdings (HYLN) +30.3%. Over five years, Cummins (CMI) compounded fastest (Cummins (CMI) +17.3%/yr, Hyliion Holdings (HYLN) -16.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cummins (CMI) has been the steadiest (Cummins (CMI) 37.2%, Hyliion Holdings (HYLN) 98.6%). Volatility measures how widely the price swings, not the risk of the business.

Do CMI and HYLN move together?

Their daily returns over the past year have a correlation of 0.37, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, CMI and HYLN?

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.