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Valued at a market cap of $51.8 billion, Cummins Inc. (CMI) designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components. The Columbus, Indiana-based company offers products to original equipment manufacturers (OEMs), distributors, and dealers through a network of company-owned and independent distributor facilities.
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and Cummins fits the label perfectly. The company is the country's leading manufacturer of diesel and natural gas engines for power generation and industrial and automotive markets.