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

ITW has the lower trailing P/E: CMI trades at 32.88 and ITW at 25.72. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMI or ITW?

Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus ITW at 3.30%.

Does CMI or ITW pay a bigger dividend?

CMI yields 1.26% and ITW yields 2.27% based on trailing dividends and the latest price.

Is CMI or ITW more profitable?

ITW runs the higher net margin — CMI at 7.89% versus ITW at 19.39%.

How have CMI and ITW total returns compared?

Over the past 10 years, CMI delivered 21.02% and ITW delivered 12.14% annualized total return. Past performance doesn't predict future results.

Cummins Inc. (CMI) vs Illinois Tool Works Inc. (ITW)

A side-by-side comparison of Cummins Inc. and Illinois Tool Works Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.

CMI

Cummins Inc.

$87.51B

$634.20IndustrialsDelayed quote: Jul 31, 2026, 4:00 PM EDT

ITW

Illinois Tool Works Inc.

$82.56B

$286.95IndustrialsDelayed quote: Jul 31, 2026, 4:00 PM EDT

Total return — CMI vs ITW

growth of $100 · dividends reinvested · last 30y

CMI +13335.8%ITW +3197.9%CMI compounded faster

CMI ITW

CMI vs ITW: by the numbers

•CMI is the larger company ($87.51B vs $82.56B market cap).
•ITW trades at the lower trailing earnings multiple (25.72 vs 32.88 P/E), one valuation lens rather than an overall verdict.
•ITW converts more revenue to profit (19.39% vs 7.89% net margin).
•CMI grew revenue faster over the past five years (10.78% vs 3.30% CAGR).
•ITW pays the higher dividend yield (2.27% vs 1.26%).

Metrics side by side

Valuation

Metric	CMI	ITW
P/E ratio	32.88	25.72
Forward P/E	21.62	24.86
P/S ratio	2.59	4.94
P/B ratio	7.11	28.13
PEG ratio	2.91	2.68
EV / EBITDA	19.02	19.70
FCF yield	3.04%	3.34%

Profitability

Metric	CMI	ITW
Gross margin	25.39%	44.16%
Operating margin	11.24%	26.50%
Net margin	7.89%	19.39%
ROE	21.64%	110.37%
ROIC	11.41%	24.49%

Dividends

Metric	CMI	ITW
Dividend yield	1.26%	2.27%
Payout ratio	38.80%	61.22%

Growth (annualized)

Metric	CMI	ITW
Revenue CAGR (5Y)	10.78%	3.30%
EPS CAGR (5Y)	11.31%	9.58%
FCF CAGR (5Y)	4.25%	1.38%
Total return CAGR (5Y)	25.35%	7.33%

Frequently asked

Which has the lower trailing P/E, CMI or ITW?: ITW has the lower trailing P/E: CMI trades at 32.88 and ITW at 25.72. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMI or ITW?: Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus ITW at 3.30%.
Does CMI or ITW pay a bigger dividend?: CMI yields 1.26% and ITW yields 2.27% based on trailing dividends and the latest price.
Is CMI or ITW more profitable?: ITW runs the higher net margin — CMI at 7.89% versus ITW at 19.39%.
How have CMI and ITW total returns compared?: Over the past 10 years, CMI delivered 21.02% and ITW delivered 12.14% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full ITW analysis Interactive comparison tool

Dig into the metrics

Cummins P/E ratio Illinois Tool Works P/E ratio Cummins dividend yield Illinois Tool Works dividend yield Cummins ROE Illinois Tool Works ROE Cummins operating margin Illinois Tool Works operating margin Cummins revenue growth Illinois Tool Works revenue growth Cummins free cash flow Illinois Tool Works free cash flow

Cummins & Illinois Tool Works appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest ROIC 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 July 31, 2026.