Is Cummins Stock Underperforming the Dow?

Cummins Inc. (CMI), headquartered in Columbus, Indiana, designs, manufactures, distributes, and services a broad portfolio of power solutions. Valued at $38.73 billion by market cap, the company’s products range from diesel and natural gas engines, electric and hybrid powertrains, and powertrain-related components, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electronic power generation systems, batteries, electrified power systems, hydrogen generation, and fuel cell products. 

Companies worth $10 billion or more are generally described as “large-cap” stocks, and CMI perfectly fits into that category, signifying its substantial size, stability, and dominance in its industry.