Cummins Inc. (CMI) vs Honeywell International Inc. (HON)
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 September 13, 2026. Differences are shown without an overall score or investment verdict.
CMI
Cummins Inc.
$534.92IndustrialsDelayed quote: Sep 16, 2026, 11:00 AM EDT
HON
Honeywell International Inc.
$210.08IndustrialsDelayed quote: Sep 16, 2026, 11:00 AM EDT
Total return — CMI vs HON
growth of $100 · dividends reinvested · last 10yCMI +503.4% (+19.7%/yr)HON +187.7% (+11.1%/yr)CMI compounded faster over this window
CMI HON
CMI vs HON: by the numbers
- •CMI is the larger company ($73.81B vs $66.58B market cap).
- •HON trades at the lower trailing earnings multiple (8.16 vs 27.35 P/E), one valuation lens rather than an overall verdict.
- •HON converts more revenue to profit (22.73% vs 7.82% net margin).
- •CMI grew revenue faster over the past five years (10.18% vs 1.25% CAGR).
- •HON pays the higher dividend yield (3.87% vs 1.47%).
Metrics side by side
Valuation
| Metric | CMI | HON |
|---|---|---|
| P/E ratio | 27.35 | 8.16 |
| Forward P/E | 18.11 | 25.23 |
| P/S ratio | 2.13 | 1.84 |
| P/B ratio | 5.75 | 2.64 |
| EV / EBITDA | 15.87 | 14.41 |
| FCF yield | 4.56% | 6.19% |
Profitability
| Metric | CMI | HON |
|---|---|---|
| Gross margin | 25.32% | 36.57% |
| Operating margin | 11.13% | 14.09% |
| Net margin | 7.82% | 22.73% |
| ROE | 21.13% | 32.56% |
| ROIC | 10.95% | 6.63% |
Dividends
| Metric | CMI | HON |
|---|---|---|
| Dividend yield | 1.47% | 3.87% |
| Payout ratio | 41.92% | 30.45% |
Growth (annualized)
| Metric | CMI | HON |
|---|---|---|
| Revenue CAGR (5Y) | 10.18% | 1.25% |
| EPS CAGR (5Y) | 11.31% | 1.74% |
| FCF CAGR (5Y) | 9.51% | 0.34% |
| Total return CAGR (5Y) | 21.75% | 2.41% |
Frequently asked
- Which has the lower trailing P/E, CMI or HON?
- HON has the lower trailing P/E: CMI trades at 27.35 and HON at 8.16. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CMI or HON?
- Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus HON at 1.25%.
- Does CMI or HON pay a bigger dividend?
- CMI yields 1.47% and HON yields 3.87% based on trailing dividends and the latest price.
- Is CMI or HON more profitable?
- HON runs the higher net margin — CMI at 7.82% versus HON at 22.73%.
- How have CMI and HON total returns compared?
- Over the past 10 years, CMI delivered 19.90% and HON delivered 11.32% annualized total return. 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 September 13, 2026.