Cummins Inc. (CMI)

Cummins' stock price increased by 58.8% in the past six months, reaching an all-time high of $526.78 USD on January 5, 2026. Key events include a 2% year-over-year decline in sales reported in the Q3 2025 earnings report due to a drop in North American truck demand, offset by strong performance in Power Systems and Distribution segments. The Q2 2025 earnings report showed decreased revenues but increased net income and EBITDA margin. Cummins announced a 10% increase in its quarterly dividend. Several financial firms upgraded Cummins' stock and increased price targets. Cummins insiders have sold more company stock than they have bought in the past three months.

Demand for Cummins' products varies across segments. The North American heavy- and medium-duty truck market is cyclical and experienced a decline in the second half of 2025, but is anticipated to stabilize in 2026. The Power Systems segment, driven by demand for data center power generation equipment, has shown robust growth. Aftermarket demand for parts and service generally remains stable.

Cummins Inc. is a global power technology company focused on designing, manufacturing, distributing, and servicing power solutions, including diesel, natural gas, electric, and hybrid powertrains. The company provides a wide array of products, such as filtration systems, aftertreatment technologies, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, axles, drivelines, brakes, and suspension systems. Cummins also offers electric power generation systems, batteries, electrified power systems, hydrogen generation, and fuel cell products, serving OEMs, dealers, distributors, and other clients across various sectors.

Cummins has a substantial global presence with manufacturing operations in North America, South America, Europe, Asia, and Australia. Its distribution network includes 500 company-owned and independent distributor facilities and over 7,600 dealer locations, serving customers in more than 190 countries and territories.

Cummins has worked to reinforce its brand image, unveiling a refreshed brand platform with the tagline "Power Onward," emphasizing its commitment to clean energy transition and its "Destination Zero" strategy. However, the company agreed to pay $2.04 billion in fines related to emissions issues, reflecting risks associated with climate transition and pollution factors.

Cummins Inc. is predominantly owned by institutional shareholders, who hold approximately 83.46% of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors own about 14.28% of the company, while Cummins insiders hold approximately 0.41% of the stock.