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

CMI has the lower trailing P/E: CMI trades at 28.46 and MMM at 29.30. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMI or MMM?

Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus MMM at -6.23%.

Does CMI or MMM pay a bigger dividend?

CMI yields 1.49% and MMM yields 1.88% based on trailing dividends and the latest price.

Is CMI or MMM more profitable?

MMM runs the higher net margin — CMI at 7.82% versus MMM at 11.90%.

How have CMI and MMM total returns compared?

Over the past 10 years, CMI delivered 19.76% and MMM delivered 4.38% annualized total return. Past performance doesn't predict future results.

Cummins Inc. (CMI) vs 3M Company (MMM)

A side-by-side comparison of Cummins Inc. and 3M Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

CMI

Cummins Inc.

$76.83B

$556.75IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT

MMM

3M Company

$85.07B

$164.95IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — CMI vs MMM

growth of $100 · dividends reinvested · last 10y

CMI +500.8% (+19.6%/yr)MMM +49.4% (+4.1%/yr)CMI compounded faster over this window

CMI MMM

CMI vs MMM: by the numbers

•MMM is the larger company ($85.07B vs $76.83B market cap).
•CMI trades at the lower trailing earnings multiple (28.46 vs 29.30 P/E), one valuation lens rather than an overall verdict.
•MMM converts more revenue to profit (11.90% vs 7.82% net margin).
•CMI grew revenue faster over the past five years (10.18% vs -6.23% CAGR).
•MMM pays the higher dividend yield (1.88% vs 1.49%).

Metrics side by side

Valuation

Metric	CMI	MMM
P/E ratio	28.46	29.30
Forward P/E	18.85	18.44
P/S ratio	2.21	3.38
P/B ratio	5.98	28.82
EV / EBITDA	16.48	N/A
FCF yield	4.38%	4.68%

Profitability

Metric	CMI	MMM
Gross margin	25.32%	39.40%
Operating margin	11.13%	19.01%
Net margin	7.82%	11.90%
ROE	21.13%	101.52%
ROIC	10.95%	14.64%

Dividends

Metric	CMI	MMM
Dividend yield	1.49%	1.88%
Payout ratio	41.92%	54.53%

Growth (annualized)

Metric	CMI	MMM
Revenue CAGR (5Y)	10.18%	-6.23%
EPS CAGR (5Y)	11.31%	-8.53%
FCF CAGR (5Y)	9.51%	-10.85%
Total return CAGR (5Y)	21.47%	4.70%

Frequently asked

Which has the lower trailing P/E, CMI or MMM?: CMI has the lower trailing P/E: CMI trades at 28.46 and MMM at 29.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMI or MMM?: Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus MMM at -6.23%.
Does CMI or MMM pay a bigger dividend?: CMI yields 1.49% and MMM yields 1.88% based on trailing dividends and the latest price.
Is CMI or MMM more profitable?: MMM runs the higher net margin — CMI at 7.82% versus MMM at 11.90%.
How have CMI and MMM total returns compared?: Over the past 10 years, CMI delivered 19.76% and MMM delivered 4.38% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full MMM analysis Interactive comparison tool

Dig into the metrics

Cummins P/E ratio 3M P/E ratio Cummins dividend yield 3M dividend yield Cummins ROE 3M ROE Cummins operating margin 3M operating margin Cummins revenue growth 3M revenue growth Cummins free cash flow 3M free cash flow

Cummins & 3M appear in these rankings

Highest ROE Stocks Highest FCF Yield Stocks Highest 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 September 11, 2026.