Cummins (CMI) EV to EBITDA (2009 - 2026)
Cummins' (CMI) EV to EBITDA was 19.01 for Q2 2026, up 130.4% from 8.25 a year earlier and up 30.8% from the prior quarter.
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Analysis
Cummins (CMI) EV to EBITDA (2009 - 2026) Analysis & Trends
For FY2025, EV to EBITDA at Cummins was 13.25, up 36.6% from FY2024.
- By year, EV to EBITDA came in at 9.70 in FY2024 (-16.4%), 11.60 in FY2023 (+31.8%), 8.80 in FY2022 (+3.0%) and 8.54 in FY2021 (-17.9%).
- The Q2 2026 figure ranks as the highest quarterly EV to EBITDA in data going back to Q2 2009.
- Year over year, EV to EBITDA has now increased in each of the last three quarters, with growth averaging 32.1% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was Q3 2024 (growth of 137.4%); the low point was Q1 2025 (a decline of 41.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 14.54 (Q1 2026), 13.25 (Q4 2025) and 11.15 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn |
| 10 | Cummins | 71.32 Bn | 68.45 Bn | 2.47 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.01 |
| Mar 31, 2026 | 14.54 |
| Dec 31, 2025 | 13.25 |
| Sep 30, 2025 | 11.15 |
| Jun 30, 2025 | 8.25 |
| Mar 31, 2025 | 8.36 |
| Dec 31, 2024 | 9.70 |
| Sep 30, 2024 | 15.08 |
| Jun 30, 2024 | 13.36 |
| Mar 31, 2024 | 14.17 |
| Dec 31, 2023 | 11.60 |
| Sep 30, 2023 | 6.35 |
| Jun 30, 2023 | 7.58 |
| Mar 31, 2023 | 7.67 |
| Dec 31, 2022 | 8.80 |
| Sep 30, 2022 | 8.02 |
| Jun 30, 2022 | 7.60 |
| Mar 31, 2022 | 8.58 |
| Dec 31, 2021 | 8.54 |
| Oct 3, 2021 | 8.69 |
API Access
Cummins EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "CMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();