Cummins Inc. (CMI) vs Canadian National Railway Company (CNI)
A side-by-side comparison of Cummins Inc. and Canadian National Railway Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 4, 2026. Differences are shown without an overall score or investment verdict.
CMI
Cummins Inc.
$528.32IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
CNI
Canadian National Railway Company
$119.77IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — CMI vs CNI
growth of $100 · dividends reinvested · last 10yCMI +448.2% (+18.5%/yr)CNI +116.9% (+8.1%/yr)CMI compounded faster over this window
CMI CNI
CMI vs CNI: by the numbers
- •CMI is the larger company ($72.90B vs $72.45B market cap).
- •CNI trades at the lower trailing earnings multiple (21.44 vs 27.01 P/E), one valuation lens rather than an overall verdict.
- •CNI converts more revenue to profit (26.92% vs 7.82% net margin).
- •CMI grew revenue faster over the past five years (10.18% vs 2.73% CAGR).
- •CNI pays the higher dividend yield (2.20% vs 1.55%).
Metrics side by side
Valuation
| Metric | CMI | CNI |
|---|---|---|
| P/E ratio | 27.01 | 21.44 |
| Forward P/E | 17.87 | N/A |
| PEG ratio | 2.39 | 3.06 |
| P/S ratio | 2.10 | 5.68 |
| P/B ratio | 5.67 | 4.70 |
| EV / EBITDA | 15.69 | 14.30 |
| FCF yield | 4.62% | 3.52% |
Profitability
| Metric | CMI | CNI |
|---|---|---|
| Gross margin | 25.32% | 44.43% |
| Operating margin | 11.13% | 37.54% |
| Net margin | 7.82% | 26.92% |
| ROE | 21.13% | 22.25% |
| ROIC | 10.95% | 8.89% |
Dividends
| Metric | CMI | CNI |
|---|---|---|
| Dividend yield | 1.55% | 2.20% |
| Payout ratio | 41.92% | 47.16% |
Growth (annualized)
| Metric | CMI | CNI |
|---|---|---|
| Revenue CAGR (5Y) | 10.18% | 2.73% |
| EPS CAGR (5Y) | 11.31% | 7.04% |
| FCF CAGR (5Y) | 9.51% | -0.98% |
| Total return CAGR (5Y) | 21.04% | 2.45% |
Frequently asked
- Which has the lower trailing P/E, CMI or CNI?
- CNI has the lower trailing P/E: CMI trades at 27.01 and CNI at 21.44. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CMI or CNI?
- Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus CNI at 2.73%.
- Does CMI or CNI pay a bigger dividend?
- CMI yields 1.55% and CNI yields 2.20% based on trailing dividends and the latest price.
- Is CMI or CNI more profitable?
- CNI runs the higher net margin — CMI at 7.82% versus CNI at 26.92%.
- How have CMI and CNI total returns compared?
- Over the past 10 years, CMI delivered 18.18% and CNI delivered 8.31% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Cummins P/E ratioCanadian National Railway P/E ratioCummins dividend yieldCanadian National Railway dividend yieldCummins ROECanadian National Railway ROECummins operating marginCanadian National Railway operating marginCummins revenue growthCanadian National Railway revenue growthCummins free cash flowCanadian National Railway free cash flow
Cummins & Canadian National Railway appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 4, 2026.