Cummins (CMI) vs Eaton (ETN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cummins (CMI) has outperformed Eaton (ETN) over the past year, gaining 19.2% versus a gain of 16.3%. Over five years, ETN leads with a +167.2% price change compared with +117.1% for CMI. Eaton is the larger company by market cap ($164.88 billion vs $71.64 billion), about 2.3 times the size.
On valuation, Cummins trades at a lower forward P/E (15.0x vs 26.1x for Eaton). Cummins offers the higher dividend yield (1.54% vs 1.01%). Eaton converts more of its revenue into profit, with a net margin of 14.9% 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 | ETN |
|---|---|---|
| Share price | $520.40 | $424.51 |
| Market cap | $71.64B | $164.88B |
| 1-day change | +0.60% | -1.58% |
| YTD return | +1.35% | +35.42% |
| 1-year return | +19.15% | +16.28% |
| 5-year return | +117.11% | +167.16% |
| P/E ratio (TTM) | 26.59 | 43.19 |
| Forward P/E | 14.95 | 26.13 |
| EPS (TTM) | $19.57 | $9.83 |
| Dividend yield | 1.54% | 1.01% |
| Annual dividend | $8.00 | $4.28 |
| Revenue (latest FY) | $33.67B | $27.45B |
| Revenue growth (YoY) | -1.27% | +10.33% |
| Net income (latest FY) | $2.96B | $4.09B |
| Gross margin | 25.29% | 37.59% |
| Operating margin | 11.95% | — |
| Net margin | 8.78% | 14.89% |
| 52-week high | $737.76 | $478.00 |
| 52-week low | $400.72 | $311.92 |
| Distance from 52-week high | -29.46% | -11.19% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +42.79% | +13.44% |
| Average volume | 1.02M | 2.08M |
| Shares outstanding | 137.66M | 388.40M |
| Employees | 67,400 | 97,303 |
| Sector | Industrials | Technology |
| 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
- Eaton is about 2.3 times larger than Cummins by market value ($164.88B vs $71.64B).
- Eaton trades at a higher earnings multiple (43.2x vs 26.6x trailing P/E).
- Eaton is more profitable, keeping 14.9 cents of every revenue dollar as net income versus 8.8 cents for Cummins.
- Eaton grew revenue faster in its latest fiscal year (+10.33% vs -1.27%).
- The two companies sit in different sectors: Cummins in Industrials and Eaton in Technology.
About Cummins
CMI stock →Cummins Inc. offers various power solutions worldwide.
Industrials · Industrial Machinery/Components · 67,400 employees
About Eaton
ETN stock →Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. It operates through Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility segments.
Technology · Industrial Machinery/Components · 97,303 employees
CMI vs ETN FAQ
Which is bigger, Cummins or Eaton?
Eaton (ETN) is larger, with a market capitalization of $164.88B compared with $71.64B for Cummins (CMI).
Which stock has performed better over the past year, CMI or ETN?
CMI returned +19.15% over the past 12 months, compared with +16.28% for ETN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMI or ETN?
CMI has the lower trailing P/E at 26.6, versus 43.2 for ETN. 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 Eaton?
Cummins has the higher yield at 1.54%, compared with 1.01% for Eaton.
Are Cummins and Eaton in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.