CMS ENERGY CORP CMS

Latest FY: 2025 Utilities Utilities - Regulated Electric
Market Price $68.59
Market Cap $21.19B
P/E Ratio 19.43
Quick Peer Compare (Utilities):
Revenue (FY 2025) ↑13.5% YoY
$8.30B
3-Yr CAGR: -0.1%
Net Income ↑6.8% YoY
$1.07B
Net Margin: 12.9%
Free Cash Flow ↓-123.1% YoY
-$1.80B
FCF Yield: -8.51%
EPS (Diluted) ↑6.0% YoY
$3.53
Basic: $3.53
Return on Equity Efficiency
11.7%
ROA: 2.7%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (CMS)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $6,399.0M $5,964.0M $551.0M $1.98 $1.24 2.98% $1,629.0M $-43.0M
FY 2017 $6,583.0M +2.9% $6,145.0M $460.0M -16.5% $1.64 -17.2% $1.33 2.81% $1,705.0M $40.0M +193.0%
FY 2018 $6,502.0M -1.2% $6,044.0M $657.0M +42.8% $2.32 +41.5% $1.43 2.88% $1,703.0M $-371.0M -1,027.5%
FY 2019 $6,403.0M -1.5% $5,884.0M $680.0M +3.5% $2.39 +3.0% $1.53 2.43% $1,790.0M $-314.0M +15.4%
FY 2020 $6,238.0M -2.6% $5,677.0M $755.0M +11.0% $2.64 +10.5% $1.63 2.67% $1,276.0M $-1,041.0M -231.5%
FY 2021 $7,075.0M +13.4% $6,575.0M $1,353.0M +79.2% $4.66 +76.5% $1.74 2.67% $1,819.0M $-257.0M +75.3%
FY 2022 $8,320.0M +17.6% $7,801.0M $837.0M -38.1% $2.85 -38.8% $1.84 2.91% $855.0M $-1,519.0M -491.1%
FY 2023 $7,261.0M -12.7% $6,618.0M $887.0M +6.0% $3.01 +5.6% $1.95 3.36% $2,309.0M $-1,077.0M +29.1%
FY 2024 $7,320.0M +0.8% $6,612.0M $1,003.0M +13.1% $3.33 +10.6% $2.06 3.09% $2,370.0M $-808.0M +25.0%
FY 2025 $8,305.0M +13.5% $7,507.0M $1,071.0M +6.8% $3.53 +6.0% $2.17 3.10% $2,235.0M $-1,803.0M -123.1%
$

Valuation

Market Price $68.59
Market Cap $21.19B
Enterprise Value $39.44B
P/E Ratio 19.43
P/B Ratio 2.32
FCF Yield -8.51%
Dividend Yield 3.16%
Shares Outstanding 308,919,600
%

Profitability & Margins

Gross Margin 90.39%
Operating Margin 20.79%
Net Margin 12.90%
Return on Equity (ROE) 11.71%
Return on Assets (ROA) 2.68%
Asset Turnover 0.21x
Revenue 3-Yr CAGR -0.06%
🛡️

Financial Health & Liquidity

Current Ratio 0.98
Cash Ratio 0.14
Debt / Equity 2.051
Debt / Assets 0.470
Cash & Equivalents $509.00M
Total Debt $18.76B
Book Value / Share $29.60
💧

Cash Flow Efficiency

Operating Cash Flow $2.23B
Capital Expenditures (CapEx) $4.04B
Free Cash Flow -$1.80B
OCF / Revenue 26.91%
FCF / Revenue -21.71%
FCF 3-Yr CAGR N/A
🏷️

Per Share Metrics

EPS (Diluted) $3.53
EPS (Basic) $3.53
Dividends / Share $2.17
Book Value / Share $29.60
EPS YoY Growth 6.01%
🏛️

Balance Sheet (FY 2025)

Total Assets $39.94B
Total Liabilities $30.80B
Stockholders' Equity $9.14B
Current Assets $3.47B
Current Liabilities $3.55B