Cummins Inc. drawdown: 23.5% below the all-time high
Cummins Inc. is 23.5% below its all-time high, set Jun 25, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −23.5%
- 76.5% of ATH
- All-time high
- $727.59
- Jun 25, 2026
- Time below the high
- 3 mo
- since Jun 25, 2026
- Worst-ever drawdown
- −76.1%
- Oct 9, 2002
- Longest underwater
- 11.3 yrs
- between all-time highs
- Today's level first reached
- Jan 12, 2026
- 8 mo ago
- Last time this deep
- May 1, 2025
- in a previous episode
% of all-time high since 1973#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Aug 7, 1997 | Oct 9, 2002 | −76.1% | 5.2 yrs | Dec 21, 2004 | 7.4 yrs |
| Jun 16, 2008 | Nov 20, 2008 | −75.9% | 5 mo | Apr 29, 2010 | 1.9 yrs |
| Jun 9, 1987 | Nov 5, 1990 | −66.7% | 3.4 yrs | Mar 18, 1993 | 5.8 yrs |
| Jun 10, 2014 | Jan 19, 2016 | −48.0% | 1.6 yrs | May 2, 2017 | 2.9 yrs |
| Jan 26, 2018 | Mar 23, 2020 | −46.6% | 2.2 yrs | Jul 28, 2020 | 2.5 yrs |
| Aug 17, 1973 | Aug 22, 1975 | −45.9% | 2.0 yrs | Dec 18, 1984 | 11.3 yrs |
| Feb 4, 1985 | Aug 5, 1986 | −40.8% | 18 mo | May 5, 1987 | 2.2 yrs |
| Jan 24, 1994 | Jan 19, 1996 | −39.8% | 2.0 yrs | Apr 25, 1997 | 3.2 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1973: how far Cummins Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Cummins Inc. from its all-time high?
- Cummins Inc. is currently 23.5% below its all-time high, set Jun 25, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Cummins Inc. drawdown ever?
- The deepest decline on record in our data (since 1973) took Cummins Inc. 76.1% below its prior high, bottoming Oct 9, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CMI; no free deep history exists for Cummins Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.