CUMMINS INC. vs DEERE & CO, two Industrial Machinery stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where CMI and DE diverge most: on ev/ebitda, CMI reads 15.1 and DE reads 100.1; on revenue growth, CMI reads +2.9% and DE reads +8.5%. The rest of the comparable metrics sit closer together. On valuation, today's CMI price has a different growth bar priced in than DE (+16.8% implied for CMI vs +27.2% for DE); the higher figure is the steeper assumption to clear, not a better or worse stock. What CMI's price implies is a bet that sits within the historical range (whole-company basis). What DE's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | CMI | DE |
|---|---|---|
| Price | $523.32 | $620.86 |
| Market cap | $72.5B | $168.1B |
| Sector | Industrial Machinery | Industrial Machinery |
| Stage | Mature | Mature |
| Implied growth (priced in) | +16.8% | +27.2% |
| P/E | 26.8 | 34.5 |
| P/B | 5.21 | 6.00 |
| P/S | 2.09 | 3.50 |
| EV/EBITDA | 15.1 | 100.1 |
| Revenue growth | +2.9% | +8.5% |
| Gross margin | 26.1% | — |
| Operating margin | 13.5% | — |
| Net margin | 8.2% | 10.2% |
| Return on equity | 20.3% | 17.4% |
| Return on assets | 7.9% | 4.5% |
| Return on invested capital | 13.8% | — |
| FCF yield | 4.7% | 3.6% |
| Dividend yield | 1.5% | 1.0% |
| Debt / equity | 0.52 | 0.83 |
| Current ratio | 1.73 | — |
| Altman Z (solvency) | 4.29 | 2.52 |
| Piotroski F (quality) | 7 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.