Cummins Inc. (CMI) vs Honeywell International Inc. (HON)
CMI leads on 9 of 16 compared metrics, though HON is the cheaper stock.
A side-by-side comparison of Cummins Inc. and Honeywell International Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CMI vs HON
growth of $100 · last 30yCMI +6217.8%HON +715.7%CMI compounded faster
Log scale — wide-divergence pair
CMI HON
CMI vs HON: by the numbers
- •HON is the larger company ($139.60B vs $91.01B market cap).
- •HON trades at the lower earnings multiple (31.21 vs 34.26 P/E).
- •HON converts more revenue to profit (11.16% vs 7.89% net margin).
- •CMI grew revenue faster over the past five years (10.78% vs 2.42% CAGR).
- •HON pays the higher dividend yield (2.13% vs 1.21%).
Which is better, CMI or HON?
Metric tally: CMI 9 · HON 7It depends on what you're optimizing for:
ValueHON(lower P/E)
GrowthCMI(faster 5Y revenue CAGR)
IncomeHON(higher dividend yield)
QualityCMI(higher ROIC)
Valuation
| Metric | CMI | HON |
|---|---|---|
| P/E ratio | 34.26 | 31.21● |
| Forward P/E | 22.71 | 19.22● |
| P/S ratio | 2.70● | 3.83 |
| P/B ratio | 7.41 | 6.60● |
| PEG ratio | 3.03● | 17.93 |
| EV / EBITDA | 20.20● | 23.95 |
| FCF yield | 2.92% | 2.92% |
Profitability
| Metric | CMI | HON |
|---|---|---|
| Gross margin | 25.39% | 36.95%● |
| Operating margin | 11.24% | 14.87%● |
| Net margin | 7.89% | 11.16%● |
| ROE | 21.64%● | 19.24% |
| ROIC | 11.41%● | 9.22% |
Dividends
| Metric | CMI | HON |
|---|---|---|
| Dividend yield | 1.21% | 2.13%● |
| Payout ratio | 38.80% | 63.51% |
Growth (annualized)
| Metric | CMI | HON |
|---|---|---|
| Revenue CAGR (5Y) | 10.78%● | 2.42% |
| EPS CAGR (5Y) | 11.31%● | 1.74% |
| FCF CAGR (5Y) | 4.25%● | -4.80% |
| Total return CAGR (5Y) | 24.28%● | 1.55% |
Frequently asked
- Which is better, CMI or HON?
- It depends on your goal. value: HON (lower P/E); growth: CMI (faster 5Y revenue CAGR); income: HON (higher dividend yield); quality: CMI (higher ROIC). Across all compared metrics, CMI leads 9 to 7.
- Is CMI or HON cheaper?
- On trailing earnings, HON is cheaper: CMI trades at a 34.26 P/E and HON at 31.21.
- Which has grown faster, CMI or HON?
- Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus HON at 2.42%.
- Does CMI or HON pay a bigger dividend?
- CMI yields 1.21% and HON yields 2.13% based on trailing dividends and the latest price.
- Is CMI or HON more profitable?
- HON runs the higher net margin — CMI at 7.89% versus HON at 11.16%.
- Which has been the better investment, CMI or HON?
- Over the past 10-year, CMI delivered the higher annualized total return — CMI at 22.09% versus HON at 9.42%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Cummins P/E ratioHoneywell International P/E ratioCummins dividend yieldHoneywell International dividend yieldCummins ROEHoneywell International ROECummins operating marginHoneywell International operating marginCummins revenue growthHoneywell International revenue growthCummins free cash flowHoneywell International free cash flow
Cummins & Honeywell International 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 June 14, 2026.