Is CMI or ETN cheaper?

On trailing earnings, CMI is cheaper: CMI trades at a 34.26 P/E and ETN at 38.26.

Which has grown faster, CMI or ETN?

Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus ETN at 9.94%.

Does CMI or ETN pay a bigger dividend?

CMI yields 1.21% and ETN yields 1.09% based on trailing dividends and the latest price.

Is CMI or ETN more profitable?

ETN runs the higher net margin — CMI at 7.89% versus ETN at 13.99%.

Which has been the better investment, CMI or ETN?

Over the past 10-year, ETN delivered the higher annualized total return — CMI at 22.09% versus ETN at 23.24%. Past performance doesn't predict future results.

Cummins Inc. (CMI) vs Eaton Corporation plc (ETN)

CMI leads on 9 of 16 compared metrics.

A side-by-side comparison of Cummins Inc. and Eaton Corporation plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Eaton Corporation plc

$151.98B

$391.39Industrials

Total return — CMI vs ETN

growth of $100 · last 30y

CMI +6297.5%ETN +2981.8%CMI compounded faster

CMI ETN

CMI vs ETN: by the numbers

•ETN is the larger company ($151.98B vs $91.01B market cap).
•CMI trades at the lower earnings multiple (34.26 vs 38.26 P/E).
•ETN converts more revenue to profit (13.99% vs 7.89% net margin).
•CMI grew revenue faster over the past five years (10.78% vs 9.94% CAGR).
•CMI pays the higher dividend yield (1.21% vs 1.09%).

Which is better, CMI or ETN?

Metric tally: CMI 9 · ETN 7

It depends on what you're optimizing for:

ValueCMI(lower P/E)

GrowthCMI(faster 5Y revenue CAGR)

IncomeCMI(higher dividend yield)

QualityETN(higher ROIC)

Metrics side by side

Valuation

Metric	CMI	ETN
P/E ratio	34.26●	38.26
Forward P/E	22.71●	24.99
P/S ratio	2.70●	5.34
P/B ratio	7.41●	7.71
PEG ratio	3.03	3.04
EV / EBITDA	20.20●	27.86
FCF yield	2.92%	3.08%●

Profitability

Metric	CMI	ETN
Gross margin	25.39%	36.89%●
Operating margin	11.24%	18.13%●
Net margin	7.89%	13.99%●
ROE	21.64%●	20.19%
ROIC	11.41%	13.14%●

Dividends

Metric	CMI	ETN
Dividend yield	1.21%●	1.09%
Payout ratio	38.80%	40.80%

Growth (annualized)

Metric	CMI	ETN
Revenue CAGR (5Y)	10.78%●	9.94%
EPS CAGR (5Y)	11.31%	24.48%●
FCF CAGR (5Y)	4.25%	13.57%●
Total return CAGR (5Y)	24.28%●	23.64%

Frequently asked

Which is better, CMI or ETN?: It depends on your goal. value: CMI (lower P/E); growth: CMI (faster 5Y revenue CAGR); income: CMI (higher dividend yield); quality: ETN (higher ROIC). Across all compared metrics, CMI leads 9 to 7.
Is CMI or ETN cheaper?: On trailing earnings, CMI is cheaper: CMI trades at a 34.26 P/E and ETN at 38.26.
Which has grown faster, CMI or ETN?: Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus ETN at 9.94%.
Does CMI or ETN pay a bigger dividend?: CMI yields 1.21% and ETN yields 1.09% based on trailing dividends and the latest price.
Is CMI or ETN more profitable?: ETN runs the higher net margin — CMI at 7.89% versus ETN at 13.99%.
Which has been the better investment, CMI or ETN?: Over the past 10-year, ETN delivered the higher annualized total return — CMI at 22.09% versus ETN at 23.24%. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full ETN analysis Interactive comparison tool

Dig into the metrics

Cummins P/E ratio Eaton P/E ratio Cummins dividend yield Eaton dividend yield Cummins ROE Eaton ROE Cummins operating margin Eaton operating margin Cummins revenue growth Eaton revenue growth Cummins free cash flow Eaton free cash flow

Cummins & Eaton appear in these rankings

Best 10-Year Total Return Stocks

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 June 15, 2026.