CMS Energy
CMS
65.07
0.00
0.00%
CMS Energy
US · CMS
#933 by market cap
Listed 1970
65.07
0.00
0.00%
Live - 5344 symbols - heartbeat 462s ago
· 2026-10-08 07:42
Pre-market
65.07
0.00%
After-hours
65.07
0.00%
Overnight
65.34
+0.41%
- Market cap
- 20.40B
- P/E (TTM)i
- 19.54
- P/Bi
- 2.14
- EPSi
- 3.53
- Div yieldi
- 3.42%
- 52W posi
- 17%
Reader sentiment
Are you bullish or bearish on CMS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.84, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +13.63% YoY
Margins
- Gross margin
- 41.53%
- Operating margin
- 20.22%
- Net margin
- 12.43%
Key ratios & quality
- Enterprise valuei
- 38.66B
- PEG ratioi
- 2.28
- Altman Z-Scorei
- 0.84
PEG uses trailing P/E against the 3-year net income growth rate (8.56%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.87B | 6.62B | 6.42B | 7.33B | 8.60B | 7.46B | 7.52B | 8.54B |
| Gross profit | 2.40B | 2.44B | 2.63B | 2.65B | 2.76B | 2.86B | 3.21B | 3.55B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.16B | 1.12B | 1.23B | 1.15B | 1.22B | 1.24B | 1.49B | 1.73B |
| Pretax profit | 774.00M | 764.00M | 809.00M | 823.00M | 902.00M | 954.00M | 1.12B | 1.25B |
| Tax | 115.00M | 131.00M | 115.00M | 95.00M | 93.00M | 147.00M | 176.00M | 246.00M |
| Net profit | 659.00M | 682.00M | 752.00M | 1.33B | 813.00M | 808.00M | 947.00M | 1.00B |
| Basic EPS | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 4 |
| Diluted EPS | 2.32 | 2.39 | 2.64 | 4.66 | 2.85 | 3.01 | 3.33 | 3.53 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.45B | 1.84B | 2.02B | 2.23B | 2.73B | 1.83B |
| Gross profit | 1.04B | 714.00M | 876.00M | 912.00M | 1.08B | 690.00M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 494.00M | 317.00M | 481.00M | 435.00M | 490.00M | 264.00M |
| Pretax profit | 358.00M | 255.00M | 340.00M | 295.00M | 362.00M | 129.00M |
| Tax | 63.00M | 62.00M | 68.00M | 53.00M | 85.00M | 33.00M |
| Net profit | 295.00M | 193.00M | 272.00M | 242.00M | 277.00M | 96.00M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 0 |
| Diluted EPS | 1.01 | 0.66 | 0.92 | 0.93 | 1.10 | 0.37 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.47B | 2.33B | 2.40B | 2.63B | 3.43B | 2.84B | 2.79B | 3.47B |
| Cash & ST investments | 153.00M | 140.00M | 32.00M | 452.00M | 164.00M | 227.00M | 103.00M | 509.00M |
| Inventory | 650.00M | 605.00M | 576.00M | 667.00M | 1.12B | 938.00M | 769.00M | 791.00M |
| Total assets | 24.53B | 26.84B | 29.67B | 28.75B | 31.35B | 33.52B | 35.92B | 39.94B |
| Total current liabilities | 2.62B | 2.70B | 3.07B | 2.20B | 2.99B | 2.90B | 3.52B | 3.55B |
| Short-term debt | 1.09B | 1.22B | 591.00M | 382.00M | 1.12B | 1.07B | 1.26B | 956.00M |
| Long-term debt | 10.62B | 11.95B | 11.74B | 12.05B | 13.12B | 14.51B | 15.19B | 17.81B |
| Total liabilities | 19,737,000,000.00 | 21,782,000,000.00 | 23,589,000,000.00 | 21,565,000,000.00 | 23,758,000,000.00 | 25,392,000,000.00 | 27,172,000,000.00 | 30,230,000,000.00 |
| Total equity | 4.79B | 5.06B | 6.08B | 7.19B | 7.60B | 8.13B | 8.75B | 9.71B |
| Retained earnings | -271.00M | -25.00M | 214.00M | 1.06B | 1.35B | 1.66B | 2.04B | 2.44B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.78B | 3.19B | 2.75B | 3.47B | 3.03B | 2.87B |
| Cash & ST investments | 465.00M | 844.00M | 362.00M | 509.00M | 175.00M | 241.00M |
| Inventory | 580.00M | 736.00M | 903.00M | 791.00M | 642.00M | 824.00M |
| Total assets | 36.30B | 37.70B | 38.01B | 39.94B | 40.29B | 40.91B |
| Total current liabilities | 2.63B | 3.20B | 3.05B | 3.55B | 3.59B | 3.06B |
| Short-term debt | 707.00M | 1.13B | 1.16B | 956.00M | 1.36B | 870.00M |
| Long-term debt | 16.15B | 16.78B | 16.77B | 17.81B | 17.46B | 18.17B |
| Total liabilities | 27,372,000,000.00 | 28,728,000,000.00 | 28,577,000,000.00 | 30,230,000,000.00 | 30,234,000,000.00 | 30,506,000,000.00 |
| Total equity | 8.92B | 8.97B | 9.43B | 9.71B | 10.05B | 10.40B |
| Retained earnings | 2.17B | 2.21B | 2.32B | 2.44B | 2.61B | 2.55B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.70B | 1.79B | 1.28B | 1.82B | 855.00M | 2.31B | 2.37B | 2.24B |
| Depreciation & amortization | 933.00M | 989.00M | 1.04B | 1.11B | 1.13B | 1.18B | 1.24B | 1.31B |
| Free cash flow | -517.00M | -434.00M | -1.16B | -390.00M | -1.63B | -1.08B | -808.00M | -1.80B |
| Dividends paid | -407.00M | -436.00M | -467.00M | -508.00M | -544.00M | -579.00M | -626.00M | -663.00M |
| Stock buybacks / issuance | 41.00M | 12.00M | 253.00M | 26.00M | 69.00M | 192.00M | 286.00M | 525.00M |
| Ending cash balance | 175.00M | 157.00M | 185.00M | 476.00M | 182.00M | 248.00M | 178.00M | 615.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.03B | 383.00M | 343.00M | 478.00M | 736.00M | 591.00M |
| Depreciation & amortization | 375.00M | 301.00M | 288.00M | 342.00M | 400.00M | 320.00M |
| Free cash flow | 231.00M | -697.00M | -703.00M | -634.00M | -257.00M | -509.00M |
| Dividends paid | -271.00M | -60.00M | -165.00M | -167.00M | -308.00M | -50.00M |
| Stock buybacks / issuance | 150.00M | -133.00M | 356.00M | 152.00M | 400.00M | 128.00M |
| Ending cash balance | 121.00M | 925.00M | 432.00M | 615.00M | 77.00M | 345.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 14.29 | 13.92 | 14.36 | 22.65 | 12.53 | 12.43 | 12.96 | 12.54 |
| ROA %i | 2.76 | 2.65 | 2.67 | 4.61 | 2.75 | 2.70 | 2.86 | 2.80 |
| ROIC %i | 6.60 | 6.33 | 6.28 | 9.03 | 6.47 | 6.45 | 6.69 | 6.35 |
| 5-year avg ROE %i | 13.09 | 13.20 | 13.32 | 15.16 | 15.55 | 15.18 | 14.99 | 14.62 |
| EBIT margin %i | 17.93 | 19.69 | 21.65 | 18.05 | 16.53 | 21.40 | 24.36 | 23.96 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.94 | 0.86 | 0.78 | 1.19 | 1.15 | 0.98 | 0.79 | 0.98 |
| Quick ratioi | 0.53 | 0.48 | 0.29 | 0.63 | 0.58 | 0.40 | 0.33 | 0.52 |
| Debt / assetsi | 48.01 | 49.36 | 41.77 | 43.38 | 45.64 | 46.67 | 46.12 | 47.31 |
| LT debt / equityi | 224.69 | 239.68 | 214.70 | 188.73 | 194.23 | 199.04 | 191.18 | 201.14 |
| Interest coveragei | 2.69 | 2.60 | 2.58 | 2.65 | 2.74 | 2.48 | 2.59 | 2.56 |
| Revenue CAGR (3Y) %i | 2.11 | 1.16 | -0.84 | 2.16 | 9.08 | 5.15 | 0.84 | -0.22 |
| Net income CAGR (3Y) %i | 7.90 | 7.26 | 17.96 | 27.23 | 7.17 | 5.52 | -9.50 | 8.56 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 12.76 | 12.70 | 12.55 | 12.54 | 12.64 | 11.47 |
| ROA %i | 2.88 | 2.81 | 2.85 | 2.80 | 2.87 | 2.59 |
| ROIC %i | 6.65 | 6.55 | 6.53 | 6.35 | 6.37 | 6.05 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 24.12 | 24.15 | 24.45 | 23.96 | 23.43 | 22.14 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.06 | 1.00 | 0.90 | 0.98 | 0.84 | 0.94 |
| Quick ratioi | 0.57 | 0.56 | 0.42 | 0.52 | 0.44 | 0.41 |
| Debt / assetsi | 46.74 | 47.87 | 47.55 | 47.31 | 47.36 | 47.18 |
| LT debt / equityi | 200.46 | 207.10 | 195.73 | 201.14 | 191.71 | 192.99 |
| Interest coveragei | 2.62 | 2.60 | 2.64 | 2.56 | 2.54 | 2.36 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Electric Utility is the largest reported line at 73.15% of revenue, across 3 reported segments.
- The next-largest line, Gas utility, is a distant second at 21.21% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Electric Utility73.15%
Gas utility21.21%
NorthStar Clean Energy5.63%
Quote time 2026-10-08 07:42:07 · For reference only, not investment advice and not tailored to your situation.