Cummins is a diesel engine manufacturer. Co.'s segments are: Engine, which manufactures and markets diesel and natural gas-powered engines; Distribution, which is Co.'s primary sales, service and support channel; Components, which supplies aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel and natural gas applications; Power Systems, which includes power generation, industrial, and generator technologies product lines; and New Power, which designs, manufactures, sells and supports hydrogen production solutions and electrified power systems ranging from fully electric to hybrid along with components and subsystems. We show 49 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 Cummins market cap history over the course of time is important for investors
interested in comparing Cummins'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 Cummins versus a peer is one thing; comparing
Cummins 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 Cummins can fluctuate over the course of history.
With this page we aim to empower investors researching Cummins by allowing them to research the Cummins market cap history. |
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Video: The Importance of Market Cap
