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

WM has the lower trailing P/E: CMI trades at 32.61 and WM at 32.06. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMI or WM?

Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus WM at 9.22%.

Does CMI or WM pay a bigger dividend?

CMI yields 1.25% and WM yields 1.56% based on trailing dividends and the latest price.

Is CMI or WM more profitable?

WM runs the higher net margin — CMI at 7.82% versus WM at 11.12%.

How have CMI and WM total returns compared?

Over the past 10 years, CMI delivered 20.62% and WM delivered 15.06% annualized total return. Past performance doesn't predict future results.

Cummins Inc. (CMI) vs Waste Management, Inc. (WM)

A side-by-side comparison of Cummins Inc. and Waste Management, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 13, 2026. Differences are shown without an overall score or investment verdict.

CMI

Cummins Inc.

$87.11B

$631.25IndustrialsDelayed quote: Aug 13, 2026, 3:59 PM EDT

Waste Management, Inc.

$89.62B

$224.21IndustrialsDelayed quote: Aug 13, 2026, 3:59 PM EDT

Total return — CMI vs WM

growth of $100 · dividends reinvested · last 10y

CMI +549.6% (+20.6%/yr)WM +307.2% (+15.1%/yr)CMI compounded faster over this window

CMI WM

CMI vs WM: by the numbers

•WM is the larger company ($89.62B vs $87.11B market cap).
•WM trades at the lower trailing earnings multiple (32.06 vs 32.61 P/E), one valuation lens rather than an overall verdict.
•WM converts more revenue to profit (11.12% vs 7.82% net margin).
•CMI grew revenue faster over the past five years (10.18% vs 9.22% CAGR).
•WM pays the higher dividend yield (1.56% vs 1.25%).

Metrics side by side

Valuation

Metric	CMI	WM
P/E ratio	32.61	32.06
Forward P/E	21.62	27.88
P/S ratio	2.55	3.56
P/B ratio	6.88	9.20
EV / EBITDA	18.69	14.68
FCF yield	3.81%	3.91%

Profitability

Metric	CMI	WM
Gross margin	25.32%	35.04%
Operating margin	11.13%	18.54%
Net margin	7.82%	11.12%
ROE	21.13%	28.74%
ROIC	11.41%	8.88%

Dividends

Metric	CMI	WM
Dividend yield	1.25%	1.56%
Payout ratio	38.80%	52.68%

Growth (annualized)

Metric	CMI	WM
Revenue CAGR (5Y)	10.18%	9.22%
EPS CAGR (5Y)	11.31%	13.68%
FCF CAGR (5Y)	9.51%	7.05%
Total return CAGR (5Y)	24.57%	10.27%

Frequently asked

Which has the lower trailing P/E, CMI or WM?: WM has the lower trailing P/E: CMI trades at 32.61 and WM at 32.06. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMI or WM?: Over the past five years, CMI grew revenue faster — CMI at a 10.18% CAGR versus WM at 9.22%.
Does CMI or WM pay a bigger dividend?: CMI yields 1.25% and WM yields 1.56% based on trailing dividends and the latest price.
Is CMI or WM more profitable?: WM runs the higher net margin — CMI at 7.82% versus WM at 11.12%.
How have CMI and WM total returns compared?: Over the past 10 years, CMI delivered 20.62% and WM delivered 15.06% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMI analysis Full WM analysis Interactive comparison tool

Dig into the metrics

Cummins P/E ratio Waste Management P/E ratio Cummins dividend yield Waste Management dividend yield Cummins ROE Waste Management ROE Cummins operating margin Waste Management operating margin Cummins revenue growth Waste Management revenue growth Cummins free cash flow Waste Management free cash flow

Cummins & Waste Management appear in these rankings

Highest ROE 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 August 13, 2026.