Cummins Inc. (CMI)
Cummins makes diesel and alternative-fuel engines, power generation, and related components.
CMI vs SWK: how the two businesses compare
- Bigger business: CMI, with $33.7B of yearly revenue, about 2.2× SWK's $15.1B.
- More cash from each sale: CMI turns 11 cents of each sales dollar into operating cash flow, against 6 cents at SWK.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Cummins (CMI) is the larger business by reported revenue: $33.7B in its fiscal year ended Dec 2025, about 2.2× SWK's $15.1B (fiscal year ended Jan 2026). The SEC classifies them differently (Engines & Turbines; Cutlery, Handtools & General Hardware); what connects them is shared exposure to the Economic trends and Tariffs & trade research themes, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Industrials
- Different
- Separate classifications
- Different
- CMI December 31 · SWK January 2
- Feb 24, 2026
CMI vs SWK: quick comparison
| Company fact | CMI | SWK |
|---|---|---|
| Company | Cummins Inc. | Stanley Black & Decker, Inc. |
| Exchange | NYSE | NYSE |
| SEC industry | Engines & Turbines | Cutlery, Handtools & General Hardware |
| Fiscal year-end | December 31 | January 2 |
| Latest annual filing | 10-K · 2026-02-10 | 10-K · 2026-02-24 |
CMI vs SWK: audited financials
- Scale: CMI's $33.7B of revenue is about 2.2× SWK's $15.1B.
- Cash conversion: operating cash flow equalled CMI 10.8% of revenue; SWK 6.4% of revenue, or 2.42× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end 3 days apart (2025-12-31 and 2026-01-03), so these annual figures cover close to the same months.
| Metric | CMI | SWK |
|---|---|---|
| Revenue | $33.7B2025-01-01 to 2025-12-31 · SEC filing | $15.1B2024-12-29 to 2026-01-03 · SEC filing |
| Net income | — | $402M2024-12-29 to 2026-01-03 · SEC filing |
| Operating cash flow | $3.6B2025-01-01 to 2025-12-31 · SEC filing | $971M2024-12-29 to 2026-01-03 · SEC filing |
| Diluted EPS | $20.502025-01-01 to 2025-12-31 · SEC filing | $2.652024-12-29 to 2026-01-03 · SEC filing |
| Net margin | — | 2.7%2024-12-29 to 2026-01-03 · SEC filing |
CMI: FY ending 2025-12-31 · SWK: FY ending 2026-01-03. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where CMI and SWK overlap, and where they don't
Overlap
- Shared research themes: Economic trends and Tariffs & trade.
- Nearly aligned fiscal calendars: CMI's year ends December 31 and SWK's January 2.
Differences
- Different SEC industries: CMI files as Engines & Turbines; SWK as Cutlery, Handtools & General Hardware.
- Scale: CMI reported about 2.2× the annual revenue of SWK.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Stanley Black & Decker, Inc. (SWK)
Stanley Black & Decker makes power tools, hand tools, and industrial fastening products.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves CMI
We have not yet published a company-specific driver list for CMI. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-10.
What moves SWK
We have not yet published a company-specific driver list for SWK. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-24.
The investment question
You now know CMI reports about 2.2× SWK's revenue. Those are the facts. The investment question is what each share price already assumes about their exposure to economic trends and tariffs & trade, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. CMI's fiscal year ends December 31, while SWK's ends January 2. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 11 matched transaction rows for CMI and 1 matched transaction row for SWK. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
CMI primary filings
SWK primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving CMI or SWK
CMI vs SWK FAQs
Are CMI and SWK direct competitors?
Not necessarily. Cummins files as Engines & Turbines and Stanley Black & Decker as Cutlery, Handtools & General Hardware. The pair is compared because both map to the Economic trends and Tariffs & trade research themes, not because the filings show head-to-head competition.
Is CMI or SWK the bigger company by revenue?
Cummins (CMI) is the larger business by reported revenue: $33.7B in its fiscal year ended Dec 2025, about 2.2× SWK's $15.1B (fiscal year ended Jan 2026). The SEC classifies them differently (Engines & Turbines; Cutlery, Handtools & General Hardware); what connects them is shared exposure to the Economic trends and Tariffs & trade research themes, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, CMI or SWK?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this CMI vs SWK comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Cummins Inc. and Stanley Black & Decker, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
CMI vs SWK compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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