Which has the lower trailing P/E, CMI or CNI?

CNI has the lower trailing P/E: CMI trades at 31.10 and CNI at 22.85. 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 1.31% and CNI yields 2.05% 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 20.01% and CNI delivered 9.09% annualized total return. Past performance doesn't predict future results.

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 August 20, 2026. Differences are shown without an overall score or investment verdict.

CMI

Cummins Inc.

$83.95B

$608.37IndustrialsAt close: Aug 19, 2026, 4:00 PM ET

CNI

Canadian National Railway Company

$77.21B

$127.64IndustrialsAt close: Aug 19, 2026, 4:00 PM ET

Total return — CMI vs CNI

growth of $100 · dividends reinvested · last 10y

CMI +521.0% (+20.0%/yr)CNI +138.2% (+9.1%/yr)CMI compounded faster over this window

CMI CNI

CMI vs CNI: by the numbers

•CMI is the larger company ($83.95B vs $77.21B market cap).
•CNI trades at the lower trailing earnings multiple (22.85 vs 31.10 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 (2.05% vs 1.31%).

Metrics side by side

Valuation

Metric	CMI	CNI
P/E ratio	31.10	22.85
Forward P/E	20.62	15.53
P/S ratio	2.43	6.08
P/B ratio	6.56	5.03
EV / EBITDA	17.99	15.12
FCF yield	3.99%	3.28%

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	1.31%	2.05%
Payout ratio	38.80%	47.41%

Growth (annualized)

Metric	CMI	CNI
Revenue CAGR (5Y)	10.18%	2.73%
EPS CAGR (5Y)	11.31%	6.99%
FCF CAGR (5Y)	9.51%	-0.98%
Total return CAGR (5Y)	24.04%	5.89%

Frequently asked

Which has the lower trailing P/E, CMI or CNI?: CNI has the lower trailing P/E: CMI trades at 31.10 and CNI at 22.85. 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 1.31% and CNI yields 2.05% 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 20.01% and CNI delivered 9.09% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full CNI analysis Interactive comparison tool

Dig into the metrics

Cummins P/E ratio Canadian National Railway P/E ratio Cummins dividend yield Canadian National Railway dividend yield Cummins ROE Canadian National Railway ROE Cummins operating margin Canadian National Railway operating margin Cummins revenue growth Canadian National Railway revenue growth Cummins free cash flow Canadian National Railway free cash flow

Cummins & Canadian National Railway appear in these rankings

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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 August 20, 2026.