CUMMINS INC vs GENERAL ELECTRIC COMPANY, two Industrial Machinery stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
General Electric earns 47% on its equity, more than double Cummins at 21%, and that single spread is the cleanest line between them. GE keeps almost 18 cents of net profit per sales dollar to Cummins near 8, and the market pays for it: roughly 41 times earnings against Cummins near 33. Return on assets tells the quieter half of the story, where the two converge, 6.7% for GE and 8.1% for Cummins, so the equity advantage owes something to how the aerospace balance sheet is structured rather than to pure asset productivity. Cummins pays the larger dividend, 1.2% to GE's 0.4%, and carries less leverage. The figure that defines the pair is that return on equity, and what it does not fully explain is why.
Comparison updated 2026-06-15.
| Metric | CMI | GE |
|---|---|---|
| Price | $675.92 | $359.28 |
| Market cap | $93.8B | $378.7B |
| Sector | Industrial Machinery | Industrial Machinery |
| Stage | Mature | Growth |
| P/E | 35.1 | 44.3 |
| P/B | 7.02 | 20.70 |
| P/S | 2.77 | 7.84 |
| EV/EBITDA | 22.1 | — |
| Revenue growth | +0.1% | +21.8% |
| Gross margin | 26.7% | — |
| Operating margin | 11.3% | — |
| Net margin | 8.2% | 17.9% |
| Return on equity | 20.8% | 47.2% |
| Return on assets | 8.1% | 6.7% |
| Return on invested capital | 20.4% | — |
| FCF yield | 2.9% | 2.0% |
| Dividend yield | 1.1% | 0.4% |
| Debt / equity | 0.03 | 0.11 |
| Current ratio | 1.71 | 1.01 |
| Altman Z (solvency) | 4.93 | 3.41 |
| Piotroski F (quality) | 6 / 9 | 5 / 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.