Cummins (CMI) vs Garmin (GRMN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Cummins (CMI) has outperformed Garmin (GRMN) over the past year, gaining 19.2% versus a gain of 7.7%. Over five years, CMI leads with a +117.1% price change compared with +76.9% for GRMN. Cummins is the larger company by market cap ($71.22 billion vs $53.26 billion), about 1.3 times the size, while Garmin is growing revenue faster (+15.1% vs -1.3%).
On valuation, Cummins trades at a lower forward P/E (14.9x vs 24.8x for Garmin). Cummins offers the higher dividend yield (1.55% vs 1.52%). Garmin converts more of its revenue into profit, with a net margin of 23.0% 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 | GRMN |
|---|---|---|
| Share price | $517.32 | $276.16 |
| Market cap | $71.22B | $53.26B |
| 1-day change | -3.36% | -1.09% |
| YTD return | +1.35% | +36.14% |
| 1-year return | +19.15% | +7.74% |
| 5-year return | +117.11% | +76.88% |
| P/E ratio (TTM) | 26.43 | 28.50 |
| Forward P/E | 14.86 | 24.80 |
| EPS (TTM) | $19.57 | $9.69 |
| Dividend yield | 1.55% | 1.52% |
| Annual dividend | $8.00 | $4.20 |
| Revenue (latest FY) | $33.67B | $7.25B |
| Revenue growth (YoY) | -1.27% | +15.06% |
| Net income (latest FY) | $2.96B | $1.66B |
| Gross margin | 25.29% | 58.74% |
| Operating margin | 11.95% | 25.89% |
| Net margin | 8.78% | 22.96% |
| 52-week high | $737.76 | $314.28 |
| 52-week low | $400.72 | $186.67 |
| Distance from 52-week high | -29.88% | -12.13% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +43.64% | +9.36% |
| Average volume | 1.01M | 902.73K |
| Shares outstanding | 137.66M | 192.85M |
| Employees | 67,400 | 23,000 |
| 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
- CMI has outperformed GRMN by 11.4 percentage points over the past year.
- Garmin is more profitable, keeping 23.0 cents of every revenue dollar as net income versus 8.8 cents for Cummins.
- Garmin grew revenue faster in its latest fiscal year (+15.06% vs -1.27%).
About Cummins
CMI stock →Cummins Inc. offers various power solutions worldwide.
Industrials · Industrial Machinery/Components · 67,400 employees
About Garmin
GRMN stock →Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
Industrials · Industrial Machinery/Components · 23,000 employees
CMI vs GRMN FAQ
Which is bigger, Cummins or Garmin?
Cummins (CMI) is larger, with a market capitalization of $71.22B compared with $53.26B for Garmin (GRMN).
Which stock has performed better over the past year, CMI or GRMN?
CMI returned +19.15% over the past 12 months, compared with +7.74% for GRMN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMI or GRMN?
CMI has the lower trailing P/E at 26.4, versus 28.5 for GRMN. 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 Garmin?
Cummins has the higher yield at 1.55%, compared with 1.52% for Garmin.
Are Cummins and Garmin in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.