CMI vs. WAT
Compare and contrast key facts about Cummins Inc. (CMI) and Waters Corporation (WAT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMI or WAT.
Correlation
The correlation between CMI and WAT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMI vs. WAT - Performance Comparison
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Key characteristics
CMI:
0.49
WAT:
-0.10
CMI:
0.87
WAT:
0.23
CMI:
1.11
WAT:
1.03
CMI:
0.46
WAT:
-0.05
CMI:
1.38
WAT:
-0.14
CMI:
10.07%
WAT:
11.26%
CMI:
31.20%
WAT:
38.06%
CMI:
-75.66%
WAT:
-80.12%
CMI:
-13.38%
WAT:
-18.68%
Fundamentals
CMI:
$46.09B
WAT:
$21.36B
CMI:
$20.30
WAT:
$11.04
CMI:
16.48
WAT:
32.52
CMI:
2.68
WAT:
2.42
CMI:
1.36
WAT:
7.16
CMI:
4.22
WAT:
11.12
CMI:
$33.87B
WAT:
$2.98B
CMI:
$8.52B
WAT:
$1.85B
CMI:
$4.90B
WAT:
$995.26M
Returns By Period
In the year-to-date period, CMI achieves a -4.07% return, which is significantly higher than WAT's -6.90% return. Over the past 10 years, CMI has outperformed WAT with an annualized return of 11.93%, while WAT has yielded a comparatively lower 10.24% annualized return.
CMI
-4.07%
15.34%
-8.26%
15.21%
19.49%
11.93%
WAT
-6.90%
3.48%
-10.44%
-3.79%
14.18%
10.24%
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Risk-Adjusted Performance
CMI vs. WAT — Risk-Adjusted Performance Rank
CMI
WAT
CMI vs. WAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Waters Corporation (WAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CMI vs. WAT - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 2.15%, while WAT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 2.15% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% | 1.95% |
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMI vs. WAT - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, smaller than the maximum WAT drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for CMI and WAT. For additional features, visit the drawdowns tool.
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Volatility
CMI vs. WAT - Volatility Comparison
The current volatility for Cummins Inc. (CMI) is 9.93%, while Waters Corporation (WAT) has a volatility of 11.62%. This indicates that CMI experiences smaller price fluctuations and is considered to be less risky than WAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
CMI vs. WAT - Financials Comparison
This section allows you to compare key financial metrics between Cummins Inc. and Waters Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CMI vs. WAT - Profitability Comparison
CMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Cummins Inc. reported a gross profit of 2.16B and revenue of 8.17B. Therefore, the gross margin over that period was 26.4%.
WAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Waters Corporation reported a gross profit of 493.15M and revenue of 661.71M. Therefore, the gross margin over that period was 74.5%.
CMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Cummins Inc. reported an operating income of 1.13B and revenue of 8.17B, resulting in an operating margin of 13.9%.
WAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Waters Corporation reported an operating income of 151.75M and revenue of 661.71M, resulting in an operating margin of 22.9%.
CMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Cummins Inc. reported a net income of 824.00M and revenue of 8.17B, resulting in a net margin of 10.1%.
WAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Waters Corporation reported a net income of 121.38M and revenue of 661.71M, resulting in a net margin of 18.3%.