# If Cummins moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/cummins · Facet: ripple · Updated: 2026-10-14T17:23:24.421+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Cummins is directly linked to 8 companies (0 supply, 7 revenue, 1 investment relationships) and reaches 69 companies within two hops; the links are backed by 11 dated sources, 4 of them primary filings (as of 2026-10-14).

Cummins shares priced in the data-center standby-power thesis early, gaining 48.9% in 2024 and 49.4% in 2025 before slowing to 11.0% in 2026. Operations kept running: Q2 2026 Power Systems sales rose 19% to $2.3 billion and margin reached 24.5%. On the demand side Komatsu (+28.3%) led while Microsoft (+4.0%) lagged. If truck recovery and generation buildout continue together, Cummins remains a late operating beneficiary in the power-execution layer; a simultaneous turn in data-center orders and North American trucking is the break case.

## Demand chain (leading)
- T1 Microsoft (https://valuechain.wiki/microsoft.md)
- T2 OpenAI (https://valuechain.wiki/openai.md)
- T3 Intuit Inc. (https://valuechain.wiki/intuit.md)
- T3 Accenture plc (https://valuechain.wiki/accenture.md)
- T2 Snowflake (https://valuechain.wiki/snowflake.md)
- T3 ResMed Inc. (https://valuechain.wiki/resmed.md)
- T3 Otis Worldwide Corporation (https://valuechain.wiki/otis-worldwide.md)
- T3 Verisk Analytics (https://valuechain.wiki/verisk-analytics.md)
- T3 Expand Energy Corporation (https://valuechain.wiki/expand-energy.md)
- T2 ServiceNow (https://valuechain.wiki/servicenow.md)
- T2 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)
- T2 Starbucks Corp (https://valuechain.wiki/starbucks.md)
- T3 E-mart Inc. (https://valuechain.wiki/emart.md)
- T3 Nestlé S.A. (https://valuechain.wiki/nestle.md)
- T3 Target Corporation (https://valuechain.wiki/target.md)
- T2 Costco Wholesale (https://valuechain.wiki/costco.md)
- T2 Johnson Controls (https://valuechain.wiki/johnson-controls.md)
- T2 Parker-Hannifin Corporation (https://valuechain.wiki/parker-hannifin.md)
- T3 Airbus (https://valuechain.wiki/airbus.md)
- T3 ASML (https://valuechain.wiki/asml.md)
- T2 Stryker Corporation (https://valuechain.wiki/stryker.md)
- T3 HCA Healthcare, Inc. (https://valuechain.wiki/hca-healthcare.md)
- T2 Adobe Inc. (https://valuechain.wiki/adobe.md)
- T3 The Coca-Cola Company (https://valuechain.wiki/coca-cola.md)
- T3 IBM (https://valuechain.wiki/ibm.md)
- T3 Tapestry, Inc. (https://valuechain.wiki/tapestry.md)
- T2 3M Company (https://valuechain.wiki/3m.md)
- T3 Fastenal Company (https://valuechain.wiki/fastenal.md)
- T2 Illinois Tool Works Inc. (https://valuechain.wiki/illinois-tool-works.md)
- T3 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T2 Boston Scientific Corporation (https://valuechain.wiki/boston-scientific.md)
- T2 Autodesk, Inc. (https://valuechain.wiki/autodesk.md)
- T3 Kia (https://valuechain.wiki/kia.md)
- T2 Rockwell Automation, Inc. (https://valuechain.wiki/rockwell-automation.md)
- T3 Kikkoman (https://valuechain.wiki/kikkoman.md)
- T2 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T2 Roper Technologies (https://valuechain.wiki/roper-technologies.md)
- T2 Kenvue Inc. (https://valuechain.wiki/kenvue.md)
- T2 Axon Enterprise, Inc. (https://valuechain.wiki/axon-enterprise.md)
- T2 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T3 Dollar General Corporation (https://valuechain.wiki/dollar-general.md)
- T2 Fiserv (https://valuechain.wiki/fiserv.md)
- T3 Wells Fargo (https://valuechain.wiki/wells-fargo.md)
- T2 Cognizant Technology Solutions Corporation (https://valuechain.wiki/cognizant.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T3 Gilead Sciences, Inc. (https://valuechain.wiki/gilead-sciences.md)
- T2 Dover Corporation (https://valuechain.wiki/dover.md)
- T3 Coca-Cola Europacific Partners (https://valuechain.wiki/coca-cola-europacific-partners.md)
- T2 Veralto Corporation (https://valuechain.wiki/veralto.md)
- T2 Ralph Lauren Corporation (https://valuechain.wiki/ralph-lauren.md)
- T3 Alibaba Group (https://valuechain.wiki/alibaba.md)
- T3 JD.com (https://valuechain.wiki/jd-com.md)
- T1 Komatsu (https://valuechain.wiki/komatsu.md)
- T2 Martin Marietta Materials, Inc. (https://valuechain.wiki/martin-marietta-materials.md)
- T3 Union Pacific Corporation (https://valuechain.wiki/union-pacific.md)
- T2 Vulcan Materials Company (https://valuechain.wiki/vulcan-materials-company.md)
- T1 Amazon (https://valuechain.wiki/amazon.md)
- T2 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T2 CrowdStrike (https://valuechain.wiki/crowdstrike.md)
- T2 Datadog (https://valuechain.wiki/datadog.md)
- T2 Schrodinger (https://valuechain.wiki/schrodinger.md)
- T2 Coupang (https://valuechain.wiki/coupang.md)
- T2 MercadoLibre, Inc. (https://valuechain.wiki/mercadolibre.md)
- T2 Uber (https://valuechain.wiki/uber.md)
- T3 Yum! Brands (https://valuechain.wiki/yum-brands.md)
- T3 The Kroger Co. (https://valuechain.wiki/kroger.md)
- T2 Airbnb Inc (https://valuechain.wiki/airbnb.md)
- T2 The Walt Disney Company (https://valuechain.wiki/disney.md)
- T3 Charter Communications, Inc. (https://valuechain.wiki/charter-communications.md)
- T2 Netflix (https://valuechain.wiki/netflix.md)
- T2 Illumina (https://valuechain.wiki/illumina.md)
- T3 Tempus AI (https://valuechain.wiki/tempus-ai.md)
- T3 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T2 Palo Alto Networks (https://valuechain.wiki/palo-alto-networks.md)
- T2 Workday, Inc. (https://valuechain.wiki/workday.md)
- T3 Bank of America (https://valuechain.wiki/bank-of-america.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T2 Comcast Corporation (https://valuechain.wiki/comcast.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Trade Desk (The) (https://valuechain.wiki/trade-desk.md)
- T2 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 PepsiCo (https://valuechain.wiki/pepsico.md)
- T3 Equinix (https://valuechain.wiki/equinix.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T3 Williams-Sonoma, Inc. (https://valuechain.wiki/williams-sonoma.md)
- T2 Automatic Data Processing, Inc. (https://valuechain.wiki/automatic-data-processing.md)
- T2 Schlumberger (https://valuechain.wiki/schlumberger.md)
- T3 Chevron Corporation (https://valuechain.wiki/chevron.md)
- T3 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T3 Diamondback Energy, Inc. (https://valuechain.wiki/diamondback-energy.md)
- T3 Devon Energy Corporation (https://valuechain.wiki/devon-energy.md)
- T2 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 Domino's (https://valuechain.wiki/dominos.md)
- T2 Hilton Worldwide Holdings Inc. (https://valuechain.wiki/hilton-worldwide.md)
- T3 Host Hotels & Resorts (https://valuechain.wiki/host-hotels-resorts.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T2 Corteva, Inc. (https://valuechain.wiki/corteva.md)
- T2 Becton, Dickinson and Company (https://valuechain.wiki/becton-dickinson.md)
- T3 Cardinal Health, Inc. (https://valuechain.wiki/cardinal-health.md)
- T3 McKesson Corporation (https://valuechain.wiki/mckesson.md)
- T2 Carrier Global Corporation (https://valuechain.wiki/carrier-global.md)
- T3 The Home Depot, Inc. (https://valuechain.wiki/home-depot.md)
- T3 Comfort Systems USA, Inc. (https://valuechain.wiki/comfort-systems-usa.md)
- T3 EMCOR Group, Inc. (https://valuechain.wiki/emcor.md)
- T2 Live Nation Entertainment, Inc. (https://valuechain.wiki/live-nation-entertainment.md)
- T3 Mastercard Inc (https://valuechain.wiki/mastercard.md)
- T2 IDEXX Laboratories, Inc. (https://valuechain.wiki/idexx-laboratories.md)
- T2 Waters Corporation (https://valuechain.wiki/waters.md)
- T2 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)
- T3 Alnylam Pharmaceuticals (https://valuechain.wiki/alnylam-pharmaceuticals.md)
- T3 Pfizer Inc. (https://valuechain.wiki/pfizer.md)
- T2 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T2 GE HealthCare Technologies Inc. (https://valuechain.wiki/ge-healthcare.md)
- T2 Labcorp Holdings Inc. (https://valuechain.wiki/labcorp.md)
- T2 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T2 Constellation Brands, Inc. (https://valuechain.wiki/constellation-brands.md)
- T2 Fair Isaac Corporation (https://valuechain.wiki/fair-isaac.md)
- T3 Equifax (https://valuechain.wiki/equifax.md)
- T1 Paccar (https://valuechain.wiki/paccar.md)
- T2 Aurora Innovation (https://valuechain.wiki/aurora.md)
- T1 Waste Management, Inc. (https://valuechain.wiki/waste-management.md)
- T1 Republic Services, Inc. (https://valuechain.wiki/republic-services.md)
- T1 Hitachi Construction Machinery (https://valuechain.wiki/hitachi-construction-machinery.md)

## Supply chain (benefiting)
- T1 United Rentals (https://valuechain.wiki/united-rentals.md)
- T2 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T3 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T3 CSX Corporation (https://valuechain.wiki/csx.md)
- T3 Cintas Corporation (https://valuechain.wiki/cintas.md)
- T3 Illinois Tool Works Inc. (https://valuechain.wiki/illinois-tool-works.md)
- T3 Rockwell Automation, Inc. (https://valuechain.wiki/rockwell-automation.md)
- T3 LyondellBasell Industries N.V. (https://valuechain.wiki/lyondellbasell.md)

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Full node: https://valuechain.wiki/cummins.md · JSON: https://valuechain.wiki/cummins.json