NYSE · Regulated Electric

CMS Energy Corporation (CMS) Stock

$65.33 -0.02% NYSE: CMS Utilities

Valuation

MetricValue
Price$65.33
Market Cap$20.48B
P/E Ratio18.94
P/B Ratio1.97
P/S Ratio2.28
EPS (TTM)$3.53
52-Week High$80.36
52-Week Low$62.29
Dividend Yield3.56%

Financials & Margins

MetricValue
ROE11.02%
ROA2.50%
ROCE4.43%
Gross Margin64.61%
Operating Margin19.53%
Net Margin11.64%
Debt/Equity1.97
Current Ratio0.84

Annual Financials (USD)

Metric20212022202320242025
Revenue$7.3B$8.6B$7.5B$7.5B$8.5B
Operating Profit$1.1B$1.2B$1.2B$1.5B$1.7B
Net Profit$1.4B$837.0M$887.0M$1.0B$1.1B
EPS$4.66$2.85$3.01$3.33$3.53
Op Margin15.6%14.2%16.6%19.8%20.2%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$28.8B$31.4B$33.5B$35.9B$40.4B
Total Liabilities$21.6B$23.8B$25.4B$27.2B$30.7B
Cash$452.0M$164.0M$227.0M$103.0M$615.0M
Borrowings$12.5B$14.3B$15.7B$16.6B$18.9B

Latest News

Will CMS Energy (CMS) Beat Estimates Again in Its Next Earnings Report? Zacks · Jul 14, 2026 Barclays Adjusts CMS Energy Price Target to $81 From $79, Maintains Overweight Rating MT Newswires · Jul 14, 2026 CMS Energy (CMS) Faces Storm And Rate Questions, Is The 6% Undervaluation Enough? Simply Wall St. · Jul 10, 2026 Truist Securities Adjusts CMS Energy Price Target to $85 From $83 MT Newswires · Jul 10, 2026 CMS Energy's Q2 Earnings Likely Weighed Down by Unfavorable Weather, UBS Securities Says MT Newswires · Jul 9, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$1.8B$855.0M$2.3B$2.4B$2.2B
Investing Cash Flow$-3.3B$-4.8B$-6.6B$-6.1B$-7.9B
Financing Cash Flow$-137.0M$-11.0M$32.0M$-33.0M$-20.0M
Net Cash Flow$427.0M$-294.0M$66.0M$-70.0M$437.0M
Free Cash Flow$-257.0M$-1.5B$-910.0M$-648.0M$-1.6B

Valuation & Return Ratios

MetricValue
PEG Ratio-64.22
EV / EBITDA12.53
FCF Yield-9.51%
Quick Ratio0.68
Interest Coverage2.05
Return 1Y-9.02%
Return 3Y33.94%
Return 5Y24.55%

Ownership

Insiders Held0.55%
Institutions Held100.72%
Institutions Float Held101.28%
Institutional HolderSharesReport Date
Blackrock Inc.33,563,5742026-03-31
Vanguard Capital Management LLC19,877,2972026-03-31
Vanguard Portfolio Management LLC18,793,3452026-03-31
State Street Corporation18,099,0332026-03-31
JPMORGAN CHASE & CO15,839,6842026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AAPLApple Inc. $336.71 -1.09% 38.93 $4.95T 0.32%
MSFTMicrosoft Corporation $535.72 +2.51% 28.68 $3.98T 0.76%
GOOGLAlphabet Inc. $352.57 +1.23% 16.94 $4.27T 0.26%
AMZNAmazon.com, Inc. $262.61 +3.37% 19.82 $2.82T 0.00%
METAMeta Platforms, Inc. $719.65 -0.17% 27.93 $1.83T 0.28%

About CMS Energy Corporation

CMS Energy Corporation is led by CEO Garrick J. Rochow, employs 8,324 people, headquartered in Jackson, US, publicly traded since 1987.

CMS Energy Corporation (CMS) stock trades at $65.33 with a market capitalization of $20.48B. The stock is valued at a price-to-earnings (P/E) ratio of 18.94, price-to-book of 1.97, price-to-sales of 2.28. Over the past 52 weeks the stock has ranged between $62.29 and $80.36, and currently trades 18.7% below its 52-week high. It pays a dividend yielding 3.56%.

On profitability, CMS Energy Corporation generates a return on equity (ROE) of 11.02%, return on capital employed of 4.43%, an operating margin of 19.53%, a net profit margin of 11.64%.

In its most recent fiscal year, CMS Energy Corporation reported annual revenue of $8.5B, net profit of $1.1B, revenue has compounded at 5.9% a year over the last five years, profit at 7.2% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 1.97, a current ratio of 0.84, total assets of $40.4B, $615.0M in cash and equivalents.

CMS has a beta of 0.33 (less volatile than the overall market).

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