Cummins Inc. Financial Ratios — CMI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	25.63	18.86	14.9	14.88	11.57	10.85	7.44	14.84	14.15	10.35	11.62	11.49	3.97	19.83	12.76
Return on Assets (%)	16.75	13.59	10.87	10.83	9.06	9.25	6.04	11.53	11.65	8.45	9.2	7.97	2.36	12.42	8.68
Return on Capital (%)	21.4	16	12.17	12.25	9.75	9.28	6.5	12.43	11.95	8.39	9.09	8.59	3	14.57	9.54
Return on Invested Capital (%)	23.99	19.51	14.95	14.74	16.01	14.22	8.55	17.73	17.62	11.22	12.26	12.03	3.62	15.16	13.98
Gross Margin (%)	25.43	25.48	24.74	25.29	25.89	25.46	24.97	24.13	25.37	24.7	23.71	23.93	24.22	24.75	25.29
EBITDA Margin (%)	13.55	12.97	12.5	12.87	13.77	12.92	12.53	12.63	13.41	12.72	11.91	11.98	6.76	13.01	14.76
Operating Margin (%)	11.75	10.89	10.15	10.5	11.08	9.9	9.68	10.06	10.56	9.32	9.16	9.19	3.75	9.89	11.48
Incremental Operating Margin (%)	18.04	32.77	396.97	13.65	-90.09	24.05	8.36	12.41	-48.5	17.07	8.38	9.38	-21.73	5,659.46	-114.12
Pretax Margin (%)	14.8	13.1	12.25	12.66	10.6	11.02	11.58	11.58	12.02	11.8	11.45	10.04	4.77	14.38	11.77
Profit Margin (%)	10.24	9.49	8.57	8.59	7.32	7.96	4.89	9.01	9.59	9.03	8.87	7.66	2.16	11.57	8.44
Net Income to Common Margin (%)	10.24	9.49	8.57	8.59	7.32	7.96	4.89	9.01	9.59	9.03	8.87	7.66	2.16	11.57	8.44
Effective Tax Rate (%)	27.14	23.47	25.06	28.68	27.41	24.56	57.97	20.56	19.97	22.54	21.34	22.56	48.34	17.03	25.38
Dvd Payout Ratio (%)	12.48	18.57	24.81	28.12	40.36	44.53	70.88	32.15	33.44	42.66	36.82	38.6	97.46	23.13	34.35
Sustainable Growth Rate (%)	22.44	15.36	11.2	10.7	6.9	6.02	2.17	10.07	9.42	5.93	7.34	7.06	0.1	15.25	8.38

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	783	775	1,740	1,686	1,639	1,856	2,006	2,476	2,868	4,617	4,613	8,355	7,208	7,598	8,114
ST Debt	125	77	68	109	63	288	418	879	922	682	708	3,489	2,032	2,405	898
LT Debt	658	698	1,672	1,577	1,576	1,568	1,588	1,597	1,946	3,935	3,905	4,866	5,176	5,193	7,216
Total Debt/EBITDA	0.32	0.34	0.8	0.68	0.62	0.82	0.78	0.82	0.91	1.83	1.61	2.48	3.13	1.71	1.63
Net Debt/EBITDA	-0.29	-0.26	-0.44	-0.25	-0.03	0.33	0.25	0.39	0.39	0.3	0.55	1.71	1.96	1.21	0.95
Total Debt/EBIT	0.37	0.41	0.99	0.84	0.77	1.07	1.01	1.04	1.15	2.5	2.1	3.24	5.64	2.25	2.1
Net Debt/EBIT	-0.33	-0.31	-0.55	-0.3	-0.03	0.42	0.32	0.49	0.5	0.41	0.71	2.23	3.53	1.6	1.22
EBITDA to Interest Expense	55.59	70.25	52.76	38.64	40.49	32.8	31.6	26.34	29	25.2	25.78	16.9	6.14	11.99	15.11
EBITDA-CapEx/Interest Expense	54.23	67.53	51.2	37.78	39.65	31.88	30.6	25.68	28.31	24.73	25.32	16.9	6.14	11.99	15.11
EBIT to Interest Expense	48.2	58.97	42.83	31.53	32.58	25.12	24.41	20.98	22.83	18.47	19.82	12.96	3.41	9.11	11.75
Interest Expense	44	32	41	64	65	69	81	114	109	100	111	199	375	370	329
Common Equity/Total Assets	68.9	74.92	71.33	74.12	82.6	87.89	75.65	79.68	84.93	78.78	79.46	61.37	57.51	67.8	68.17
Long-Term Debt/Equity (%)	11.28	10.01	21.25	19.49	20.34	21.86	19.45	19.34	22.99	43.78	41.54	47.59	52.26	45.92	53.82
Long-Term Debt/Capital (%)	7.18	6.62	13.26	11.5	10.88	10.22	9.57	8.6	9.45	16.84	15.8	17.26	19.41	17.3	22.31
Long-Term Debt/Total Assets (%)	5.64	5.56	11.35	10	10.41	10.45	8.79	8.38	9.86	17.39	16.47	16.06	16.17	16.46	21.23
Total Debt/Equity (%)	13.43	11.11	22.11	20.83	21.15	25.87	24.57	29.98	33.88	51.36	49.07	81.71	72.78	67.19	60.52
Total Debt/Capital (%)	8.55	7.35	13.8	12.29	11.32	12.09	12.1	13.33	13.93	19.76	18.67	29.63	27.03	25.31	25.09
Total Debt/Total Assets (%)	6.71	6.18	11.81	10.7	10.83	12.36	11.1	12.99	14.53	20.41	19.46	27.58	22.52	24.09	23.87
Net Debt to Equity	-12.02	-8.52	-12.19	-7.6	-0.93	10.26	7.8	14.2	14.62	8.49	16.67	56.27	45.61	47.65	35.11
Net Debt/Capital (%)	-9.13	-6.47	-9.68	-5.39	-0.56	5.17	4.19	6.79	6.36	3.82	7.09	22.05	18.44	19.01	15.96
EBITDA	2,446	2,248	2,163	2,473	2,632	2,263	2,560	3,003	3,161	2,520	2,862	3,364	2,302	4,437	4,970
EBITDA-CapEx	2,386	2,161	2,099	2,418	2,577	2,200	2,479	2,928	3,086	2,473	2,810	3,364	2,302	4,437	4,970
Operating Income (Loss)	2,121	1,887	1,756	2,018	2,118	1,733	1,977	2,392	2,489	1,847	2,200	2,580	1,278	3,372	3,865

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.48	0.52	0.85	0.6	0.48	0.32	0.28	0.24	0.23	0.61	0.45	0.23	0.21	0.2	0.38
Current Ratio	1.94	2.29	2.57	2.25	2.09	1.78	1.57	1.54	1.5	1.88	1.74	1.27	1.18	1.31	1.76
Quick Ratio	1.17	1.3	1.63	1.33	1.22	1.02	0.91	0.84	0.82	1.21	1.01	0.68	0.65	0.66	0.98
CFO/Avg Current Liab	0.6	0.45	0.64	0.61	0.53	0.48	0.46	0.39	0.5	0.43	0.34	0.21	0.33	0.12	0.35
Common Equity/Total Assets	68.9	74.92	71.33	74.12	82.6	87.89	75.65	79.68	84.93	78.78	79.46	61.37	57.51	67.8	68.17
Long-Term Debt/Equity (%)	11.28	10.01	21.25	19.49	20.34	21.86	19.45	19.34	22.99	43.78	41.54	47.59	52.26	45.92	53.82
Long-Term Debt/Capital (%)	7.18	6.62	13.26	11.5	10.88	10.22	9.57	8.6	9.45	16.84	15.8	17.26	19.41	17.3	22.31
Long-Term Debt/Total Assets (%)	5.64	5.56	11.35	10	10.41	10.45	8.79	8.38	9.86	17.39	16.47	16.06	16.17	16.46	21.23
Total Debt/Equity (%)	13.43	11.11	22.11	20.83	21.15	25.87	24.57	29.98	33.88	51.36	49.07	81.71	72.78	67.19	60.52
Total Debt/Capital (%)	8.55	7.35	13.8	12.29	11.32	12.09	12.1	13.33	13.93	19.76	18.67	29.63	27.03	25.31	25.09
Total Debt/Total Assets (%)	6.71	6.18	11.81	10.7	10.83	12.36	11.1	12.99	14.53	20.41	19.46	27.58	22.52	24.09	23.87
CFO/Total Liabilities	35.51	27.48	30.46	29.54	27.97	24.74	22.97	22.01	28.22	19.96	15.77	9.77	17.94	7.35	17.59
CFO/CapEx	34.55	17.61	32.64	41.2	37.55	30.78	28.11	31.71	42.41	57.91	43.38	- -	- -	- -	- -
Altman's Z-Score	5.13	5.5	5.27	5.09	4.45	4.78	4.71	4.37	4.67	4.14	4.16	3.62	3.37	4.36	4.99

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	8.62	7.33	6.75	6.87	6.63	5.99	6.15	6.35	6.5	5.8	6.86	6.4	6.32	6.34	6.12
Days Sales Outstanding	42.34	49.77	54.05	53.12	55.07	60.92	59.35	57.46	56.16	62.89	53.22	56.99	57.78	57.6	59.62
Inventory Turnover	6.54	5.92	5.66	5.47	5.08	4.85	5.25	5.21	4.86	4.32	4.71	4.29	4.58	4.49	4.35
Days Inventory Outstanding	55.84	61.62	64.5	66.68	71.81	75.26	69.54	70.08	75.16	84.55	77.48	85.1	79.74	81.21	83.9
Accounts Payable Turnover	9.37	9.01	9.1	8.64	7.81	7.31	7.14	6.9	6.47	5.55	6.59	6.22	6.08	6.27	6.51
Accounts Payable Turnover Days	38.96	40.51	40.1	42.27	46.75	49.9	51.14	52.92	56.44	65.77	55.36	58.72	60	58.24	56.06
Cash Conversion Cycle	59.22	70.89	78.45	77.54	80.13	86.28	77.75	74.62	74.88	81.67	75.34	83.37	77.52	80.57	87.46
Inventory to Cash Days	-13.5	-11.86	-10.45	-13.56	-16.75	-14.34	-10.2	-12.62	-19.01	-21.66	-24.26	-28.11	-21.96	-23.6	-24.28
Inventories	2,141	2,221	2,381	2,866	2,707	2,675	3,166	3,759	3,486	3,425	4,355	5,603	5,677	5,742	5,822
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	1,019	939	1,005	1,129	1,022	1,005	1,216	1,487	1,395	1,346	2,009	2,926	3,156	3,086	2,987
Finished Goods	1,220	1,393	1,487	1,859	1,796	1,779	2,078	2,405	2,214	2,216	2,538	2,917	2,770	2,875	3,091
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	16,988	20,511	26,361	26,340	15,666	23,097	29,428	21,676	27,810	33,656	31,543	34,284	33,947	48,177	70,391
- Cash & Cash Equivalents	1,484	1,369	2,699	2,301	1,711	1,120	1,369	1,303	1,129	3,401	2,592	2,101	2,179	1,671	2,845
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	339	371	360	344	344	299	905	911	958	927	1,255	1,250	1,054	1,037	1,059
+ Total Debt	783	775	1,740	1,686	1,639	1,856	2,006	2,476	2,868	4,617	4,613	8,355	7,208	7,598	8,114
Enterprise Value	16,349	20,041	25,612	25,976	15,838	23,872	30,772	23,538	30,166	35,338	34,224	41,316	39,468	54,548	75,955
Total Capital	9,161	10,547	12,605	13,714	14,483	15,348	16,585	18,575	20,588	23,367	24,708	28,198	26,669	30,019	32,345
Total Debt/Capital (%)	8.55	7.35	13.8	12.29	11.32	12.09	12.1	13.33	13.93	19.76	18.67	29.63	27.03	25.31	25.09
Total Debt / EV	0.05	0.04	0.07	0.06	0.1	0.08	0.07	0.11	0.1	0.13	0.13	0.2	0.18	0.14	0.11
EV/Sales	0.91	1.16	1.48	1.35	0.83	1.36	1.51	0.99	1.28	1.78	1.42	1.47	1.16	1.6	2.26
EV/EBITDA	6.68	8.91	11.84	10.5	6.02	10.55	12.02	7.84	9.54	14.02	11.96	12.28	17.15	12.29	15.28
EV/EBIT	7.71	10.62	14.59	12.87	7.48	13.78	15.57	9.84	12.12	19.13	15.56	16.01	30.88	16.18	19.65
EV/Cash Flow to Firm	7.77	12.88	12.08	11.24	7.5	11.99	13.32	9.54	9.23	12.62	14.6	19.52	9.49	30.41	19.64
EV/Free Cash Flow to Firm	7.55	12.19	11.73	10.98	7.31	11.62	12.86	9.25	9.02	12.41	14.29	19.52	9.49	30.41	19.64
Diluted Market Cap	17,041	20,554	26,418	26,398	15,701	23,138	29,552	21,757	27,936	33,838	31,827	34,478	34,187	48,490	70,799
Diluted Enterprise Value	16,679	20,331	25,819	26,127	15,973	24,173	31,094	23,841	30,633	35,981	35,103	41,982	40,270	55,454	77,127
EV per Share	84.71	105.87	136.96	142.18	88.98	141.26	184.71	145.12	194.12	238.45	236.68	291.99	278.53	394.7	550.8
TTM Sales	18,048	17,334	17,301	19,221	19,110	17,509	20,428	23,771	23,571	19,811	24,021	28,074	34,065	34,102	33,670
TTM EBITDA	2,446	2,248	2,163	2,473	2,632	2,263	2,560	3,003	3,161	2,520	2,862	3,364	2,302	4,437	4,970
TTM Operating Income	2,121	1,887	1,756	2,018	2,118	1,733	1,977	2,392	2,489	1,847	2,200	2,580	1,278	3,372	3,865
TTM Cash Flow to Firm	2,105	1,556	2,120	2,312	2,112	1,991	2,311	2,469	3,268	2,799	2,343	2,116	4,160	1,794	3,866
TTM Free Cash Flow to Firm	2,165	1,643	2,184	2,367	2,167	2,054	2,392	2,544	3,343	2,846	2,395	2,116	4,160	1,794	3,866

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	7.99	12.7	12.27	11.37	7.41	11.56	12.53	8.87	8.58	12.22	13.79	17.57	8.62	32.61	19.55
EV/EBIT	7.71	10.62	14.59	12.87	7.48	13.78	15.57	9.84	12.12	19.13	15.56	16.01	30.88	16.18	19.65
Enterprise Value	16,349	20,041	25,612	25,976	15,838	23,872	30,772	23,538	30,166	35,338	34,224	41,316	39,468	54,548	75,955
Low Price	79.53	82.2	103.41	122.64	84.99	79.88	134.06	124.4	130.03	101.03	203.38	184.28	203.18	226.53	260.02
EV/Sales	0.91	1.16	1.48	1.35	0.83	1.36	1.51	0.99	1.28	1.78	1.42	1.47	1.16	1.6	2.26
EV/EBITDA	6.68	8.91	11.84	10.5	6.02	10.55	12.02	7.84	9.54	14.02	11.96	12.28	17.15	12.29	15.28
Price/Earnings	9.19	12.47	17.78	15.95	11.2	16.57	29.46	10.12	12.31	18.81	14.8	15.94	46.19	12.21	24.76
Price/Earnings Average	10.46	11.86	15.31	15.94	15.93	14.12	26.52	11.42	11.18	15.34	16.41	14.26	45.27	10.45	18.39
Price/Earnings High	12.69	14.9	17.83	17.82	18.84	17.83	30.32	14.71	12.84	20.27	18.8	16.71	51.14	13.59	25.54
Price/Earnings Low	8.31	9.46	13.04	13.57	10.81	9.68	22.36	9.42	8.94	8.37	13.8	12.12	39.17	7.93	12.61
Price/Book Value	2.11	2.18	2.51	2.25	1.25	1.75	2.15	1.43	1.66	1.89	1.67	1.84	1.84	2.25	3.04
Price/Book Value Average	2.41	2.08	2.16	2.25	1.78	1.49	1.94	1.61	1.51	1.54	1.86	1.65	1.81	1.93	2.26
Price/Book Value High	2.92	2.61	2.52	2.52	2.11	1.88	2.21	2.07	1.73	2.03	2.13	1.93	2.04	2.51	3.13
Price/Book Value Low	1.91	1.66	1.84	1.92	1.21	1.02	1.63	1.33	1.21	0.84	1.56	1.4	1.56	1.46	1.55
Price/Tangible Book Value	3.23	3.33	3.74	3.62	2.26	3.63	4.82	3.48	4.5	5	4.37	6.6	6.95	7.31	7.81
Price/Tangible Book Value Average	3.67	3.17	3.22	3.62	3.21	3.09	4.34	3.93	4.09	4.08	4.85	5.9	6.81	6.26	5.8
Price/Tangible Book Value High	4.45	3.98	3.75	4.05	3.8	3.91	4.96	5.06	4.7	5.39	5.55	6.92	7.69	8.14	8.05
Price/Tangible Book Value Low	2.92	2.53	2.74	3.08	2.18	2.12	3.66	3.24	3.27	2.22	4.08	5.02	5.89	4.75	3.98
Price/Sales	0.94	1.18	1.52	1.37	0.82	1.32	1.44	0.91	1.18	1.7	1.31	1.22	1	1.41	2.09
Price/Sales Average	1.07	1.13	1.31	1.37	1.17	1.12	1.3	1.03	1.07	1.39	1.46	1.09	0.98	1.21	1.55
Price/Sales High	1.3	1.41	1.53	1.53	1.38	1.42	1.48	1.32	1.23	1.83	1.67	1.28	1.1	1.57	2.16
Price/Sales Low	0.85	0.9	1.12	1.17	0.79	0.77	1.09	0.85	0.86	0.76	1.22	0.93	0.85	0.92	1.06
Price/Cash Flow	8.19	13.39	12.62	11.62	7.59	11.91	12.92	9.12	8.74	12.36	13.98	17.47	8.56	32.4	19.44
Price/Cash Flow Average	9.33	12.74	10.87	11.61	10.79	10.15	11.64	10.28	7.94	10.08	15.5	15.63	8.39	27.72	14.44
Price/Cash Flow High	11.31	16	12.66	12.98	12.76	12.82	13.3	13.24	9.12	13.32	17.76	18.33	9.48	36.05	20.05
Price/Cash Flow Low	7.4	10.16	9.26	9.89	7.33	6.96	9.81	8.49	6.35	5.5	13.04	13.29	7.26	21.05	9.9
Price/Free Cash Flow Average	9.09	12.08	10.57	11.36	10.54	9.85	11.28	10	7.79	9.97	15.29	15.72	8.45	27.9	14.52
Price/Free Cash Flow High	11.03	15.17	12.31	12.7	12.46	12.44	12.9	12.89	8.95	13.17	17.52	18.43	9.54	36.29	20.17
Price/Free Cash Flow Low	7.22	9.63	9	9.67	7.15	6.76	9.51	8.26	6.23	5.44	12.86	13.37	7.31	21.19	9.96
EV/Sales Average	1.05	1.11	1.28	1.35	1.18	1.18	1.37	1.12	1.19	1.49	1.59	1.36	1.16	1.41	1.74
EV/Sales High	1.28	1.4	1.49	1.52	1.39	1.48	1.56	1.41	1.35	1.94	1.8	1.55	1.28	1.78	2.34
EV/Sales Low	0.83	0.88	1.08	1.15	0.81	0.83	1.17	0.94	0.97	0.86	1.36	1.2	1.02	1.12	1.25
EV/EBITDA Average	7.76	8.58	10.22	10.53	8.57	9.15	10.95	8.83	8.85	11.74	13.36	11.35	17.1	10.86	11.79
EV/EBITDA High	9.44	10.81	11.95	11.79	10.12	11.44	12.43	11.18	10.03	15.24	15.14	12.92	18.97	13.65	15.88
EV/EBITDA Low	6.13	6.82	8.66	8.95	5.85	6.42	9.33	7.41	7.25	6.79	11.42	9.98	15.15	8.63	8.49
EV/EBIT Average	8.95	10.22	12.59	12.9	10.65	11.95	14.18	11.09	11.23	16.02	17.38	14.8	30.8	14.29	15.16
EV/EBIT High	10.88	12.87	14.72	14.44	12.57	14.94	16.1	14.04	12.74	20.79	19.7	16.84	34.17	17.96	20.42
EV/EBIT Low	7.07	8.13	10.67	10.97	7.27	8.39	12.08	9.31	9.2	9.27	14.86	13.02	27.29	11.35	10.91
Last Price	88.02	108.35	140.97	144.17	88.01	136.67	176.64	133.64	178.96	227.1	218.14	242.29	239.57	348.6	510.45
High Price	121.49	129.51	141.39	161.03	148.04	147.1	181.79	194.18	186.73	244.67	277.09	254.09	265.28	387.9	526.5
Enterprise Value Average	18,973	19,289	22,101	26,040	22,563	20,717	28,040	26,529	27,961	29,591	38,239	38,175	39,360	48,186	58,610
Enterprise Value High	23,086	24,293	25,841	29,149	26,623	25,895	31,828	33,580	31,715	38,403	43,343	43,458	43,673	60,572	78,932
Enterprise Value Low	14,987	15,337	18,739	22,135	15,400	14,535	23,876	22,262	22,904	17,116	32,685	33,580	34,874	38,270	42,185

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	192	190	187	182	175	168	166	158	151	148	142	141	142	137	138
Diluted Weighted Avg Shares	194	190	187	183	178	169	167	163	156	149	146	142	143	139	139
Basic Weighted Avg Shares	193	189	187	183	178	169	167	162	155	148	145	142	142	138	138
Revenue per Share	93.51	91.57	92.52	105.21	107.36	103.6	122.62	146.55	151.68	133.68	166.12	198.4	240.4	246.76	244.16
EBITDA per Share	12.67	11.88	11.57	13.54	14.79	13.39	15.37	18.51	20.34	17	19.79	23.77	16.25	32.11	36.04
Operating Income per Share	10.99	9.97	9.39	11.05	11.9	10.25	11.87	14.75	16.02	12.46	15.21	18.23	9.02	24.4	28.03
Basic EPS, GAAP	9.58	8.69	7.93	9.04	7.86	8.25	6	13.2	14.54	12.07	14.74	15.2	5.19	28.55	20.62
Basic EPS from Cont Ops	10.08	9.18	8.49	9.5	8.26	8.62	5.97	13.48	14.59	12.22	14.97	15.43	5.93	29.44	21.44
Diluted EPS, GAAP	9.55	8.67	7.91	9.02	7.84	8.23	5.97	13.15	14.48	12.01	14.61	15.12	5.15	28.37	20.5
Diluted EPS from Cont Ops	10.05	9.16	8.47	9.48	8.24	8.6	5.94	13.43	14.53	12.15	14.83	15.34	5.89	29.25	21.32
Dividend per Share	1.32	1.8	2.25	2.8	3.49	4	4.21	4.43	4.9	5.28	5.59	6.04	6.5	7.01	7.65
Cash Flow per Share	10.74	8.09	11.17	12.4	11.6	11.47	13.67	14.66	20.47	18.37	15.6	13.87	27.99	10.76	26.26
Free Cash Flow per Basic Share	10.43	7.63	10.83	12.1	11.29	11.1	13.18	14.2	19.99	18.05	15.24	13.87	27.99	10.76	26.26
Cash & Equivalents per Share	9.12	8.54	15.24	13.1	10.17	8.17	9.41	9.4	9.46	26.06	22.04	18.18	19.34	16.38	26.17
Book Value per Share	41.65	49.66	56.18	63.95	70.22	78.07	82.08	93.64	107.86	120.26	130.29	131.4	129.9	154.73	168.03
Tangible Book Value per Share	27.28	32.54	37.71	39.8	38.99	37.64	36.67	38.37	39.74	45.43	49.89	36.71	34.48	47.66	65.39

Cummins Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)