Cummins (CMI) vs Deere (DE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Deere (DE) has outperformed Cummins (CMI) over the past year, gaining 42.3% versus a gain of 19.2%. Over five years, CMI leads with a +117.1% price change compared with +97.4% for DE. Deere is the larger company by market cap ($177.11 billion vs $71.22 billion), about 2.5 times the size, while Cummins is growing revenue faster (-1.3% vs -11.7%).
On valuation, Cummins trades at a lower forward P/E (14.9x vs 28.9x for Deere). Cummins offers the higher dividend yield (1.55% vs 0.99%). Deere converts more of its revenue into profit, with a net margin of 11.0% versus 8.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CMI | DE |
|---|---|---|
| Share price | $517.32 | $656.87 |
| Market cap | $71.22B | $177.11B |
| 1-day change | -3.36% | -3.80% |
| YTD return | +1.35% | +41.09% |
| 1-year return | +19.15% | +42.33% |
| 5-year return | +117.11% | +97.40% |
| P/E ratio (TTM) | 27.36 | 37.95 |
| Forward P/E | 14.86 | 28.92 |
| EPS (TTM) | $18.91 | $17.31 |
| Dividend yield | 1.55% | 0.99% |
| Annual dividend | $8.00 | $6.48 |
| Revenue (latest FY) | $33.67B | $45.68B |
| Revenue growth (YoY) | -1.27% | -11.66% |
| Net income (latest FY) | $2.96B | $5.03B |
| Gross margin | 25.29% | — |
| Operating margin | 11.95% | — |
| Net margin | 8.78% | 11.00% |
| 52-week high | $737.76 | $721.22 |
| 52-week low | $400.72 | $433.00 |
| Distance from 52-week high | -29.88% | -8.92% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +43.64% | +5.32% |
| Average volume | 1.01M | 1.20M |
| Shares outstanding | 137.66M | 269.63M |
| Employees | 67,400 | 73,100 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Deere is about 2.5 times larger than Cummins by market value ($177.11B vs $71.22B).
- DE has outperformed CMI by 23.2 percentage points over the past year.
- Deere trades at a higher earnings multiple (37.9x vs 27.4x trailing P/E).
- Cummins grew revenue faster in its latest fiscal year (-1.27% vs -11.66%).
About Cummins
CMI stock →Cummins Inc. offers various power solutions worldwide.
Industrials · Industrial Machinery/Components · 67,400 employees
About Deere
DE stock →Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.
Industrials · Industrial Machinery/Components · 73,100 employees
CMI vs DE FAQ
Which is bigger, Cummins or Deere?
Deere (DE) is larger, with a market capitalization of $177.11B compared with $71.22B for Cummins (CMI).
Which stock has performed better over the past year, CMI or DE?
DE returned +42.33% over the past 12 months, compared with +19.15% for CMI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMI or DE?
CMI has the lower trailing P/E at 27.4, versus 37.9 for DE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cummins or Deere?
Cummins has the higher yield at 1.55%, compared with 0.99% for Deere.
Are Cummins and Deere in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.