Cummins Inc. offers complementary business segments that design, manufacture, distribute and service a portfolio of power solutions. Its segments include Components, Engine, Distribution, Power Systems and Accelera. The Components segment sells axles, drivelines, brakes and suspension systems. The Engine segment produces engines and associated parts for sale to customers in on-highway and various off-highway markets. The Distribution segment includes distributorships engaged in wholesaling engines, generator sets, service parts, performing service and repair activities. We show 52 historical shares outstanding datapoints in our CMI shares outstanding history coverage, used to compute CMI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CMI market cap history over the course of time is important for investors
interested in comparing CMI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CMI versus a peer is one thing; comparing
CMI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CMI can fluctuate over the course of history.
With this page we aim to empower investors researching CMI by allowing them to research the CMI market cap history. |
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Video: The Importance of Market Cap
