Cummins (CMI) vs Illinois Tool Works (ITW)
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 Illinois Tool Works (ITW) over the past year, gaining 19.2% versus a gain of 2.1%. Over five years, CMI leads with a +117.1% price change compared with +16.9% for ITW. Illinois Tool Works is the larger company by market cap ($74.38 billion vs $71.22 billion), about 1.0 times the size.
On valuation, Cummins trades at a lower forward P/E (14.9x vs 21.1x for Illinois Tool Works). Illinois Tool Works offers the higher dividend yield (2.47% vs 1.55%). Illinois Tool Works converts more of its revenue into profit, with a net margin of 19.1% 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 | ITW |
|---|---|---|
| Share price | $517.32 | $261.15 |
| Market cap | $71.22B | $74.38B |
| 1-day change | -3.36% | -2.24% |
| YTD return | +1.35% | +6.03% |
| 1-year return | +19.15% | +2.11% |
| 5-year return | +117.11% | +16.86% |
| P/E ratio (TTM) | 26.43 | 23.68 |
| Forward P/E | 14.86 | 21.09 |
| EPS (TTM) | $19.57 | $11.03 |
| Dividend yield | 1.55% | 2.47% |
| Annual dividend | $8.00 | $6.44 |
| Revenue (latest FY) | $33.67B | $16.04B |
| Revenue growth (YoY) | -1.27% | +0.92% |
| Net income (latest FY) | $2.96B | $3.07B |
| Gross margin | 25.29% | 52.90% |
| Operating margin | 11.95% | 26.28% |
| Net margin | 8.78% | 19.11% |
| 52-week high | $737.76 | $303.16 |
| 52-week low | $400.72 | $238.82 |
| Distance from 52-week high | -29.88% | -13.86% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +43.64% | +14.80% |
| Average volume | 1.01M | 1.31M |
| Shares outstanding | 137.66M | 284.80M |
| Employees | 67,400 | 43,000 |
| 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 ITW by 17.0 percentage points over the past year.
- Illinois Tool Works is more profitable, keeping 19.1 cents of every revenue dollar as net income versus 8.8 cents for Cummins.
About Cummins
CMI stock →Cummins Inc. offers various power solutions worldwide.
Industrials · Industrial Machinery/Components · 67,400 employees
About Illinois Tool Works
ITW stock →Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.
Industrials · Industrial Machinery/Components · 43,000 employees
CMI vs ITW FAQ
Which is bigger, Cummins or Illinois Tool Works?
Illinois Tool Works (ITW) is larger, with a market capitalization of $74.38B compared with $71.22B for Cummins (CMI).
Which stock has performed better over the past year, CMI or ITW?
CMI returned +19.15% over the past 12 months, compared with +2.11% for ITW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMI or ITW?
ITW has the lower trailing P/E at 23.7, versus 26.4 for CMI. 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 Illinois Tool Works?
Illinois Tool Works has the higher yield at 2.47%, compared with 1.55% for Cummins.
Are Cummins and Illinois Tool Works in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.