CMI vs ETN

Cummins and Eaton Corporation, both Industrials

Eaton Corporation is the larger company at $164B against $99B. On trailing earnings CMI is the cheaper of the two at a P/E of 26.7 against 43.7, a gap that is only a bargain if the two are growing at similar rates. Over the past year CMI returned +24% against +17% for ETN. The RyuScore puts CMI ahead, 71 against 46 out of 100.

Cummins and Eaton Corporation compared on valuation, return and the RyuScore
FigureCMIETN
Last close$523$430
Market cap$99B$164B
Trailing P/Elower is cheaper for the same earnings, not automatically better26.743.7
Dividend yield1.5%1.0%
1-year return+24%+17%
5-year return+148%+193%
RyuScoresector-relative, 1–1071/10046/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Cummins

Revenue of $9.5B in Q2 2026, net income $968M. Its largest reported line is DBU Power Generation, 16% of the disclosed total.

Eaton Corporation

Revenue of $8.5B in Q2 2026, net income $821M. Its largest reported line is Electrical Global, 42% of the disclosed total.

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