WAT vs. CMI
Compare and contrast key facts about Waters Corporation (WAT) and Cummins Inc. (CMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAT or CMI.
Correlation
The correlation between WAT and CMI is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WAT vs. CMI - Performance Comparison
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Key characteristics
WAT:
37.49%
CMI:
27.90%
WAT:
-2.69%
CMI:
-1.44%
WAT:
-1.94%
CMI:
0.00%
Fundamentals
WAT:
$20.47B
CMI:
$42.25B
WAT:
$11.01
CMI:
$20.29
WAT:
31.25
CMI:
15.12
WAT:
2.28
CMI:
2.37
WAT:
6.86
CMI:
1.25
WAT:
10.48
CMI:
3.87
WAT:
$2.98B
CMI:
$33.87B
WAT:
$1.85B
CMI:
$8.52B
WAT:
$995.26M
CMI:
$4.90B
Returns By Period
WAT
N/A
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CMI
N/A
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Risk-Adjusted Performance
WAT vs. CMI — Risk-Adjusted Performance Rank
WAT
CMI
WAT vs. CMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Waters Corporation (WAT) and Cummins Inc. (CMI). 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
WAT vs. CMI - Dividend Comparison
WAT has not paid dividends to shareholders, while CMI's dividend yield for the trailing twelve months is around 2.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CMI Cummins Inc. | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WAT vs. CMI - Drawdown Comparison
The maximum WAT drawdown since its inception was -2.69%, which is greater than CMI's maximum drawdown of -1.44%. Use the drawdown chart below to compare losses from any high point for WAT and CMI. For additional features, visit the drawdowns tool.
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Volatility
WAT vs. CMI - Volatility Comparison
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Financials
WAT vs. CMI - Financials Comparison
This section allows you to compare key financial metrics between Waters Corporation and Cummins Inc.. 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
WAT vs. CMI - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.