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

NOC has the lower trailing P/E: CMI trades at 26.84 and NOC at 16.22. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMI or NOC?

Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus NOC at 2.67%.

Does CMI or NOC pay a bigger dividend?

CMI yields 1.47% and NOC yields 1.84% based on trailing dividends and the latest price.

Is CMI or NOC more profitable?

NOC runs the higher net margin — CMI at 7.82% versus NOC at 10.48%.

How have CMI and NOC total returns compared?

Over the past 10 years, CMI delivered 19.90% and NOC delivered 11.28% annualized total return. Past performance doesn't predict future results.

Cummins Inc. (CMI) vs Northrop Grumman Corporation (NOC)

A side-by-side comparison of Cummins Inc. and Northrop Grumman Corporation 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.

$72.45B

$525.06IndustrialsDelayed quote: Sep 25, 2026, 4:00 PM EDT

NOC

Northrop Grumman Corporation

$72.53B

$510.52IndustrialsDelayed quote: Sep 25, 2026, 4:00 PM EDT

Total return — CMI vs NOC

growth of $100 · dividends reinvested · last 10y

CMI +503.4% (+19.7%/yr)NOC +186.6% (+11.1%/yr)CMI compounded faster over this window

CMI NOC

CMI vs NOC: by the numbers

•NOC is the larger company ($72.53B vs $72.45B market cap).
•NOC trades at the lower trailing earnings multiple (16.22 vs 26.84 P/E), one valuation lens rather than an overall verdict.
•NOC converts more revenue to profit (10.48% vs 7.82% net margin).
•CMI grew revenue faster over the past five years (10.18% vs 2.67% CAGR).
•NOC pays the higher dividend yield (1.84% vs 1.47%).

Metrics side by side

Valuation

Metric	CMI	NOC
P/E ratio	26.84	16.22
Forward P/E	17.77	17.64
P/S ratio	2.09	1.69
P/B ratio	5.64	4.06
EV / EBITDA	15.60	14.68
FCF yield	4.65%	5.03%

Profitability

Metric	CMI	NOC
Gross margin	25.32%	20.06%
Operating margin	11.13%	10.18%
Net margin	7.82%	10.48%
ROE	21.13%	25.14%
ROIC	10.95%	9.97%

Dividends

Metric	CMI	NOC
Dividend yield	1.47%	1.84%
Payout ratio	41.92%	30.37%

Growth (annualized)

Metric	CMI	NOC
Revenue CAGR (5Y)	10.18%	2.67%
EPS CAGR (5Y)	11.31%	8.84%
FCF CAGR (5Y)	9.51%	6.92%
Total return CAGR (5Y)	21.75%	9.71%

Frequently asked

Which has the lower trailing P/E, CMI or NOC?: NOC has the lower trailing P/E: CMI trades at 26.84 and NOC at 16.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMI or NOC?: Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus NOC at 2.67%.
Does CMI or NOC pay a bigger dividend?: CMI yields 1.47% and NOC yields 1.84% based on trailing dividends and the latest price.
Is CMI or NOC more profitable?: NOC runs the higher net margin — CMI at 7.82% versus NOC at 10.48%.
How have CMI and NOC total returns compared?: Over the past 10 years, CMI delivered 19.90% and NOC delivered 11.28% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full NOC analysis Interactive comparison tool

Dig into the metrics

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

Cummins & Northrop Grumman 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 13, 2026.