Price to Operating Profit (P/OP)
since 2005
Calculation
Cummins Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | 20.69 | = | 256.85 | ÷ | 12.41 | 12.41 | = | 1,761 | ÷ | 141,856,847 | |
| Feb 14, 2023 | 11.99 | = | 248.41 | ÷ | 20.72 | 20.72 | = | 2,929 | ÷ | 141,375,256 | |
| Feb 8, 2022 | 11.76 | = | 223.51 | ÷ | 19.00 | 19.00 | = | 2,706 | ÷ | 142,426,735 | |
| Feb 10, 2021 | 15.95 | = | 245.11 | ÷ | 15.37 | 15.37 | = | 2,269 | ÷ | 147,657,584 | |
| Feb 11, 2020 | 9.14 | = | 164.30 | ÷ | 17.97 | 17.97 | = | 2,700 | ÷ | 150,269,665 | |
| Feb 11, 2019 | 8.37 | = | 148.18 | ÷ | 17.71 | 17.71 | = | 2,786 | ÷ | 157,338,874 | |
| Feb 14, 2018 | 11.63 | = | 166.00 | ÷ | 14.27 | 14.27 | = | 2,365 | ÷ | 165,683,334 | |
| Feb 13, 2017 | 13.33 | = | 152.85 | ÷ | 11.47 | 11.47 | = | 1,928 | ÷ | 168,155,330 | |
| Feb 12, 2016 | 8.22 | = | 97.01 | ÷ | 11.80 | 11.80 | = | 2,057 | ÷ | 174,320,797 | |
| Feb 17, 2015 | 10.69 | = | 138.98 | ÷ | 13.00 | 13.00 | = | 2,365 | ÷ | 181,945,783 | |
| Feb 18, 2014 | 12.72 | = | 143.10 | ÷ | 11.25 | 11.25 | = | 2,101 | ÷ | 186,682,826 | |
| Feb 20, 2013 | 9.67 | = | 114.83 | ÷ | 11.87 | 11.87 | = | 2,254 | ÷ | 189,844,829 | |
| Feb 21, 2012 | 8.83 | = | 123.30 | ÷ | 13.97 | 13.97 | = | 2,681 | ÷ | 191,927,547 | |
| Feb 24, 2011 | 12.46 | = | 100.87 | ÷ | 8.10 | 8.10 | = | 1,602 | ÷ | 197,847,368 | |
| Feb 26, 2010 | 16.76 | = | 56.78 | ÷ | 3.39 | 3.39 | = | 682 | ÷ | 201,359,036 | |
| Feb 27, 2009 | 3.29 | = | 20.80 | ÷ | 6.32 | 6.32 | = | 1,272 | ÷ | 201,352,073 | |
| Feb 26, 2008 | 9.32 | = | 53.40 | ÷ | 5.73 | 5.73 | = | 1,158 | ÷ | 202,192,548 | |
| Feb 27, 2007 | 6.27 | = | 34.04 | ÷ | 5.43 | 5.43 | = | 1,131 | ÷ | 208,398,444 | |
| Feb 28, 2006 | 5.63 | = | 27.07 | ÷ | 4.81 | 4.81 | = | 894 | ÷ | 185,823,756 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Cummins Inc. Annual Report.
Comparison to Competitors
Cummins Inc., P/OP, long-term trends, comparison to competitors
| Cummins Inc. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|
| Feb 12, 2024 | 20.69 | — | 12.40 | 12.49 | 34.37 |
| Feb 14, 2023 | 11.99 | — | 16.25 | 14.06 | 26.48 |
| Feb 8, 2022 | 11.76 | — | 15.87 | 11.56 | 28.68 |
| Feb 10, 2021 | 15.95 | — | 24.23 | 10.63 | — |
| Feb 11, 2020 | 9.14 | — | 9.08 | 14.49 | 15.07 |
| Feb 11, 2019 | 8.37 | 19.08 | 9.20 | 11.62 | 12.16 |
| Feb 14, 2018 | 11.63 | 19.69 | 21.70 | 16.47 | 11.53 |
| Feb 13, 2017 | 13.33 | 17.20 | 116.61 | 13.51 | 10.86 |
| Feb 12, 2016 | 8.22 | 10.36 | 11.66 | 12.17 | 9.71 |
| Feb 17, 2015 | 10.69 | 13.96 | 9.71 | 10.89 | 11.15 |
| Feb 18, 2014 | 12.72 | 14.75 | 10.94 | 11.62 | 10.88 |
| Feb 20, 2013 | 9.67 | 9.09 | 7.30 | 6.40 | 10.73 |
| Feb 21, 2012 | 8.83 | 9.69 | 10.41 | 7.21 | 9.40 |
| Feb 24, 2011 | 12.46 | 10.76 | 16.44 | 6.84 | 10.86 |
| Feb 26, 2010 | 16.76 | 20.91 | 63.07 | 6.47 | 9.67 |
| Feb 27, 2009 | 3.29 | 7.87 | 3.61 | 5.31 | 5.88 |
| Feb 26, 2008 | 9.32 | 11.17 | 9.03 | 9.48 | 9.95 |
| Feb 27, 2007 | 6.27 | 23.81 | 8.83 | 10.84 | 11.11 |
| Feb 28, 2006 | 5.63 | 20.69 | 12.95 | 10.66 | 11.11 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).