Cummins Inc
CMI: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Y&V | LOCK|$Q$w< | LOCK|xtWy?@ |
Cummins Is Diversifying Its Truck Engine Exposure
Business Strategy and Outlook
Cummins has decades of experience and market leadership providing diesel engines, specifically to the medium- and heavy-duty truck markets. Over time, the company has acquired more capabilities in other heavy vehicle components such as emissions systems, drivetrains, and brakes (for example, the company’s nearly $4 billion acquisition of Meritor in 2022). Cummins makes generators and engines for various industries, and it is seeing increased demand in the rapidly expanding data center market.
