Is CMI or WM cheaper?

On trailing earnings, WM is cheaper: CMI trades at a 35.63 P/E and WM at 32.64.

Which has grown faster, CMI or WM?

Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus WM at 10.25%.

Does CMI or WM pay a bigger dividend?

CMI yields 1.17% and WM yields 1.68% based on trailing dividends and the latest price.

Is CMI or WM more profitable?

WM runs the higher net margin — CMI at 7.89% versus WM at 10.99%.

Which has been the better investment, CMI or WM?

Over the past 10-year, CMI delivered the higher annualized total return — CMI at 23.16% versus WM at 15.53%. Past performance doesn't predict future results.

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

WM leads on 11 of 17 compared metrics.

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 June 29, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Waste Management, Inc.

$90.57B

$225.53Industrials

Total return — CMI vs WM

growth of $100 · last 30y

CMI +6507.6%WM +664.5%CMI compounded faster

Log scale — wide-divergence pair

CMI WM

CMI vs WM: by the numbers

•CMI is the larger company ($94.64B vs $90.57B market cap).
•WM trades at the lower earnings multiple (32.64 vs 35.63 P/E).
•WM converts more revenue to profit (10.99% vs 7.89% net margin).
•CMI grew revenue faster over the past five years (10.78% vs 10.25% CAGR).
•WM pays the higher dividend yield (1.68% vs 1.17%).

Which is better, CMI or WM?

Metric tally: CMI 6 · WM 11

It depends on what you're optimizing for:

ValueWM(lower P/E)

GrowthCMI(faster 5Y revenue CAGR)

IncomeWM(higher dividend yield)

QualityCMI(higher ROIC)

Metrics side by side

Valuation

Metric	CMI	WM
P/E ratio	35.63	32.64●
Forward P/E	23.61●	24.48
P/S ratio	2.81●	3.59
P/B ratio	7.71●	9.10
PEG ratio	3.15	2.39●
EV / EBITDA	20.51	14.85●
FCF yield	2.81%	3.61%●

Profitability

Metric	CMI	WM
Gross margin	25.39%	32.06%●
Operating margin	11.24%	18.46%●
Net margin	7.89%	10.99%●
ROE	21.64%	27.88%●
ROIC	11.41%●	8.88%

Dividends

Metric	CMI	WM
Dividend yield	1.17%	1.68%●
Payout ratio	38.80%	56.25%

Growth (annualized)

Metric	CMI	WM
Revenue CAGR (5Y)	10.78%●	10.25%
EPS CAGR (5Y)	11.31%	13.68%●
FCF CAGR (5Y)	4.25%	7.28%●
Total return CAGR (5Y)	26.19%●	11.87%

Frequently asked

Which is better, CMI or WM?: It depends on your goal. value: WM (lower P/E); growth: CMI (faster 5Y revenue CAGR); income: WM (higher dividend yield); quality: CMI (higher ROIC). Across all compared metrics, WM leads 11 to 6.
Is CMI or WM cheaper?: On trailing earnings, WM is cheaper: CMI trades at a 35.63 P/E and WM at 32.64.
Which has grown faster, CMI or WM?: Over the past five years, CMI grew revenue faster — CMI at a 10.78% CAGR versus WM at 10.25%.
Does CMI or WM pay a bigger dividend?: CMI yields 1.17% and WM yields 1.68% based on trailing dividends and the latest price.
Is CMI or WM more profitable?: WM runs the higher net margin — CMI at 7.89% versus WM at 10.99%.
Which has been the better investment, CMI or WM?: Over the past 10-year, CMI delivered the higher annualized total return — CMI at 23.16% versus WM at 15.53%. 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 Best 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 June 29, 2026.