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CMS Energy Corporation

Utilities US CMS

72.04USD
1.68(2.39%)

Last update at 2026-06-05T20:00:00Z

Day Range

70.5972.58
LowHigh

52 Week Range

66.2180.36
LowHigh

Fundamentals

  • Previous Close 70.36
  • Market Cap23278.39M
  • Volume4617287
  • P/E Ratio21.47
  • Dividend Yield2.82%
  • EBITDA3019.00M
  • Revenue TTM8539.00M
  • Revenue Per Share TTM28.43
  • Gross Profit TTM 3546.00M
  • Diluted EPS TTM3.52

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1248.00M 1123.00M 954.00M 902.00M 823.00M
Minority interest 69.00M 56.00M 29.00M 24.00M 23.00M
Net income 1071.00M 1003.00M 887.00M 837.00M 728.00M
Selling general administrative 3474.12M - - - -
Selling and marketing expenses - - - - -
Gross profit 5201.12M 3209.00M 2862.00M 2762.00M 2649.00M
Reconciled depreciation 1306.00M 1240.00M 1166.00M 1126.00M 1114.00M
Ebit 2037.00M 1831.00M 1597.00M 295.00M 209.00M
Ebitda 3187.00M 3071.00M 2777.00M 1421.00M 1323.00M
Depreciation and amortization 1150.00M 1240.00M 1180.00M 1126.00M 1114.00M
Non operating income net other - - - - -
Operating income 1727.00M 1487.00M 1235.00M 295.00M 209.00M
Other operating expenses 6812.00M 6028.00M 6227.00M 7372.00M 6183.00M
Interest expense 789.00M 708.00M 643.00M 519.00M 500.00M
Tax provision 246.00M 176.00M 102.00M 93.00M 95.00M
Interest income 47.00M 651.00M 599.00M 519.00M 500.00M
Net interest income -751.00000M -708.00000M -643.00000M -519.00000M -500.00000M
Extraordinary items 42.00M 43.00M 41.00M 4.00M 602.00M
Non recurring - - - - -
Other items - - - - -
Income tax expense 246.00M 176.00M 147.00M 93.00M 95.00M
Total revenue 8539.00M 7515.00M 7462.00M 8596.00M 7329.00M
Total operating expenses 3474.12M 1722.00M 1627.00M 7372.00M 6183.00M
Cost of revenue 3337.88M 4306.00M 4600.00M 5834.00M 4680.00M
Total other income expense net -479.00000M -364.00000M -281.00000M 607.00M 614.00M
Discontinued operations - - - 4.00M 602.00M
Net income from continuing ops 1002.00M 947.00M 807.00M 809.00M 728.00M
Net income applicable to common shares 1061.00M 993.00M 877.00M 827.00M 1348.00M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 40388.00M 35920.00M 33517.00M 31353.00M 28753.00M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 743.00M 855.00M 730.00M 3251.00M 2132.00M
Total liab 30677.00M 27172.00M 25392.00M 23758.00M 21565.00M
Total stockholder equity 9144.00M 8230.00M 7544.00M 7015.00M 6631.00M
Deferred long term liab - - - 3595.00M 2259.00M
Other current liab 1185.00M 511.00M 406.00M -181.00000M 1822.00M
Common stock 3.00M 3.00M 3.00M 6791.00M 6407.00M
Capital stock 227.00M 227.00M 227.00M 7015.00M 227.00M
Retained earnings 2443.00M 2035.00M 1658.00M 1350.00M 1057.00M
Other liab - - - 7556.00M 7269.00M
Good will - - - - -
Other assets 5789.00M 591.00M - 5207.00M 3774.00M
Cash 615.00M 103.00M 227.00M 164.00M 452.00M
Cash and equivalents 509.00M 103.00M - 164.00M 452.00M
Total current liabilities 3548.00M 3521.00M 2895.00M 1866.00M 1822.00M
Current deferred revenue - - 815.00M - -1268.00000M
Net debt 18324.00M 16487.00M 15416.00M 15264.00M 12022.00M
Short term debt 959.00M 1263.00M 1068.00M 1119.00M 382.00M
Short long term debt 956.00M 1260.00M 1073.00M 1119.00M 766.00M
Short long term debt total 18939.00M 16590.00M 15643.00M 15428.00M 12474.00M
Other stockholder equity 6510.00M 6009.00M 5705.00M -1298.00000M -998.00000M
Property plant equipment 30680.00M 2122.00M - 22713.00M 22352.00M
Total current assets 3472.00M 2790.00M 2839.00M 3433.00M 2627.00M
Long term investments 61.00M 69.00M 76.00M 71.00M 71.00M
Net tangible assets - - - 6791.00M 6407.00M
Short term investments - - - - -
Net receivables 1323.00M 1063.00M 944.00M 1580.00M 943.00M
Long term debt 18898.00M 15194.00M 14508.00M 14309.00M 12474.00M
Inventory 791.00M 769.00M 938.00M 1117.00M 667.00M
Accounts payable 1404.00M 1093.00M 809.00M 928.00M 886.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -36.00000M -41.00000M -46.00000M -52.00000M -59.00000M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 5688.00M 5576.00M 5504.00M 4752.00M 3703.00M
Deferred long term asset charges - - - - -
Non current assets total 36916.00M 33130.00M 30678.00M 27920.00M 26126.00M
Capital lease obligations 135.00M 112.00M 62.00M 68.00M 46.00M
Long term debt total 18898.00M 15306.00M - 14309.00M 12092.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -3054.00000M -3386.00000M -2476.00000M -1233.00000M
Change to liabilities - - - 4.00M 153.00M
Total cashflows from investing activities -4034.00000M -3049.00000M - -2476.00000M -1233.00000M
Net borrowings 2394.00M 982.00M - 1813.00M 100.00M
Total cash from financing activities 2236.00M 609.00M 1143.00M 1327.00M -295.00000M
Change to operating activities - - - 10.00M -3.00000M
Net income 1071.00M 1003.00M 808.00M 813.00M 1330.00M
Change in cash 437.00M -70.00000M 66.00M -294.00000M 291.00M
Begin period cash flow 178.00M 248.00M 182.00M 476.00M 185.00M
End period cash flow 615.00M 178.00M 248.00M 182.00M 476.00M
Total cash from operating activities 2235.00M 2370.00M 2309.00M 855.00M 1819.00M
Issuance of capital stock 525.00M 286.00M 192.00M 69.00M 250.00M
Depreciation 1306.00M 1240.00M 1180.00M 1126.00M 1114.00M
Other cashflows from investing activities -214.00000M -160.00000M - -2476.00000M -1233.00000M
Dividends paid 663.00M 626.00M 579.00M 546.00M 509.00M
Change to inventory -28.00000M 164.00M 185.00M -450.00000M -93.00000M
Change to account receivables -251.00000M -155.00000M 241.00M -677.00000M -103.00000M
Sale purchase of stock 525.00M 286.00M 3624.00M 69.00M 475.00M
Other cashflows from financing activities -20.00000M -33.00000M 38.00M 1910.00M -52.00000M
Change to netincome - - - 5.00M 466.00M
Capital expenditures 3824.00M 3018.00M 2574.00M 2481.00M 2209.00M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -61.00000M 262.00M 416.00M -1113.00000M -46.00000M
Stock based compensation - - 28.00M 26.00M -746.00000M
Other non cash items -283.00000M -277.00000M -252.00000M -60.00000M -82.00000M
Free cash flow -1589.00000M -648.00000M -265.00000M -1626.00000M -390.00000M

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Electric

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CMS
CMS Energy Corporation		 1.68 2.39% 72.04 21.47 19.57 2.73 2.61 4.91 12.50
NEE
Nextera Energy Inc		 0.16 0.19% 85.84 15.77 17.61 4.52 2.61 7.10 12.28
DUK
Duke Energy Corporation		 2.40 1.97% 124.22 20.24 18.76 3.08 1.92 5.88 11.11
SO
Southern Company		 0.98 1.07% 92.60 25.35 17.76 2.89 2.48 5.27 13.35
AEP
American Electric Power Co Inc		 1.35 1.06% 129.14 20.01 20.79 3.28 2.30 5.52 13.07

Reports Covered

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Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

CMS Energy Corporation

One Energy Plaza, Jackson, MI, United States, 49201

Key Executives

Name Title Year Born
Mr. Garrick J. Rochow Pres, CEO & Director 1975
Mr. Rejji P. Hayes Exec. VP & CFO 1975
Mr. Shaun M. Johnson J.D. Sr. VP & Gen. Counsel 1979
Mr. Brian F. Rich Sr. VP & Chief Customer Officer 1975
Mr. LeeRoy Wells Jr. Sr. VP of Operations 1979
Mr. Scott B. McIntosh Chief Accounting Officer, Controller & VP of Tax 1976
Ms. Tamara J. Faber VP of Technology & Chief Digital Officer NA
Mr. Srikanth Maddipati VP of IR & Fin. and Treasurer 1983
Ms. Melissa M. Gleespen VP, Chief Compliance Officer & Corp. Sec. 1968
Mr. Brandon J. Hofmeister Sr. VP of Gov.al, Regulatory & Public Affairs 1977

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