CMI
Cummins Inc.
CMI has lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over CMI overall, supported by stronger valuation and stronger fundamentals.
CMI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
CMI's revenue, profitability, cash flow and balance sheet are all currently healthy.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
CMI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $305 | -33% |
| Forward | 14x | $455 | — |
| Fair | 18x | $423 | -7.2% |
| Current | 19x | $455 | — |
| Expensive | 25x | $596 | +31% |
Historical ranges are pointers, not guarantees.
CMI's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over CMI in the historical PE scenario, which offers more potential upside but is not a forecast.
CMI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CMI, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
CMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $32.34 | +35% |
| Q3 2026 | $23.94 | +23% |
| Q2 2026 | $19.55 | -8.9% |
| Q1 2026 | $19.25 | -5.2% |
| Q4 2025 | $20.50 | -28% |
| Q3 2025 | $19.47 | +29% |
| Q2 2025 | $21.47 | +55% |
| Q1 2025 | $20.30 | +49% |
| Q4 2024 | $28.37 | +451% |
CMI earned $23.94 per share over the past year, up 23% from the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over CMI on earnings, with more consistent year-over-year improvement.
CMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.4B | +13% |
| Q2 2026 | $9.5B | +9.4% |
| Q1 2026 | $8.4B | +2.7% |
| Q4 2025 | $8.5B | +1.1% |
| Q3 2025 | $8.3B | -1.6% |
| Q2 2025 | $8.6B | -1.7% |
| Q1 2025 | $8.2B | -2.7% |
| Q4 2024 | $8.4B | -1.1% |
CMI's revenue has grown year over year for four quarters in a row: $9.4B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +5.1 points |
| Q2 2026 | 14% | -0.7 points |
| Q1 2026 | 11% | -2.6 points |
| Q4 2025 | 9.5% | +0.8 points |
| Q3 2025 | 10% | -2.2 points |
| Q2 2025 | 14% | +2.3 points |
| Q1 2025 | 14% | +2.9 points |
| Q4 2024 | 8.7% | +23 points |
CMI's operating margin was 15% last quarter, up 5.1 points from the same quarter a year ago, near the top of its range since 2019.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over CMI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over CMI on profitability, with a higher operating margin.
CMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +9.4% |
| Q2 2026 | $1.3B | +126% |
| Q1 2026 | $120M | +$285M |
| Q4 2025 | $990M | +12% |
| Q3 2025 | $1B | +164% |
| Q2 2025 | $554M | +$1.6B |
| Q1 2025 | -$165M | -254% |
| Q4 2024 | $882M | -6.2% |
CMI generated $3.5B in free cash flow over the past year, up 52% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over CMI on cash flow, with more consistent year-over-year improvement.
CMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -400K shares |
| 1 year | -0.5% | -700K shares |
| 3 years | -3.3% | -4.7M shares |
| 5 years | -4.6% | -6.6M shares |
| Available history | -12% | -18M shares |
CMI has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $359M |
| Q2 2026 | $225M |
| Q1 2026 | $243M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | $4M |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
CMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.1x | Healthy |
CMI's net debt is less than a year of its operating earnings (EBITDA).
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over CMI on leverage, with a lower net debt burden relative to earnings.
CMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.0 | Oversold |
| Stochastic | 3.3 | Oversold |
CMI's weekly RSI is 28 (oversold) and its Stochastic is 3 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
CMI PE vs Industrials Sector
| Metric | CMI | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 21% below |
| PE % | 58 | 58 | Same percentile |
CMI has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
CMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $503.9 | 9.6% below |
| 20 week MA | $569.7 | 20% below |
| 50 week MA | $584.4 | 22% below |
| 100 week MA | $475.1 | 4.2% below |
| 200 week MA | $370.2 | 23% above |
CMI has fallen below most of its moving averages, though it's still 23% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over CMI on trend strength, trading above more of its moving averages.
CMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $180.7 | $226.5 | +25% |
| 2021 | $226.5 | $214.0 | -5.5% |
| 2022 | $214.0 | $241.3 | +13% |
| 2023 | $241.3 | $239.6 | -0.7% |
| 2024 | $239.6 | $351.2 | +47% |
| 2025 | $351.2 | $519.1 | +48% |
| 2026 YTD | $519.1 | $455.4 | -12% |
CMI has finished higher in four of the last six years. It's down 12% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over CMI on returns for 2026, with the stronger performance.