CMS Energy Corporation (CMS)

NYSE: CMS · USD

$68.1

-0.86 (-1.3%)· Recorded snapshot

Market cap	21.4B
Revenue (ttm)	9B
Net income (ttm)	862M
EPS (ttm)	$2.79
Shares out	313.6M
P/E (trailing)	24.4x
P/E (forward)	16.9x
Dividend	$2.28 (3.34%)
Volume	2,799,484
Beta	0.31

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 9B
Net income (ttm): 862M
EPS (ttm): $2.79
P/E (trailing): 24.4x
P/E (forward): 16.9x
Market cap: 21.4B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	Trzymaj
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Trzymaj
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Sprzedaj

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E16.9

P25 n/aP50 n/aP75 n/a

Trailing P/E24.4

P25 n/aP50 n/aP75 n/a

ROE5.3

P25 n/aP50 n/aP75 n/a

ROIC3.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CMS indicators

Market & fundamental data

Available fields

258

Groups with data

Currency

USD

Showing 258 of 258 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000811156
Company name	CMS Energy Corporation
Country	United States
Country code	US
CUSIP number	125896100
Earnings date	2026-10-27
Earnings time	bmo
Employees	8,350
Employees change	26
Employees growth	0.31%
Enterprise value	$41.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1987
In index	SP500
Industry	Utilities - Regulated Electric
Is primary listing	Yes
Is SPAC	No
ISIN number	US1258961002
Last 10-K release date	2026-02-10
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$21.4B
Market cap category	Large-Cap
Next earnings date	2027-02-04
Options	Yes
Price	$68.14
Price currency	USD
Sector	Utilities
SIC code	4931
Stock price date	2026-10-28
Symbol	CMS
U.S. state	Michigan
Website	https://www.cmsenergy.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	17.52x
Average P/E ratio (10Y)	21.86x
Average P/E ratio (3Y)	20.74x
Average P/E ratio (5Y)	19.95x
Earnings yield	4.1%
EV/Earnings	47.82x
EV/EBIT	28.99x
EV/EBITDA	16.57x
EV/Sales	4.59x
FCF / EV yield	-3.76%
FCF yield	-7.21%
Forward EV/Sales	4.46x
Forward P/E	16.87x
Forward P/S	2.32x
Graham number	43.63052
Graham upside	-36.25%
Industry forward P/E	16.43x
Industry P/E	17.27x
Lynch fair value	$13.96
Lynch upside	-79.6%
P/B ratio	2.28x
P/E ratio	24.4x
P/OCF ratio	9.43x
P/S ratio	2.39x
PEG ratio	2.36x
Price / tangible book value	2.26x
Price/EBITDA ratio	8.63x
Sector forward P/E	17.04x
Sector P/E	19.79x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	15.84%
EBITDA margin	27.72%
Effective tax rate	22.14%
Gross margin	34.04%
Operating margin	15.84%
Pretax margin	7.5%
Profit margin	9.72%
Profit per employee	$103,234
Profitable quarters	34
Profitable years	18
Revenue per employee	$1.1M
ROA	2.23%
ROA (5Y)	2.93%
ROCE	3.6%
ROE	5.31%
ROE (5Y)	10.85%
ROIC	3.06%
Tax / revenue	1.66%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-19.53%
EPS growth (Q)	-57.5%
EPS growth (QoQ)	5.41%
EPS growth 10Y	2.98%
EPS growth 3Y	3.2%
EPS growth 5Y	-1.53%
EPS growth years	3
Net income growth	-16.71%
Net income growth (Q)	-55.6%
Net income growth (QoQ)	3.42%
Net income growth 3Y	5.27%
Net income growth 5Y	-0.16%
Net income growth years	3
OCF growth	5.37%
OCF growth (Q)	37.32%
OCF growth (QoQ)	-24.28%
OCF growth 10Y	4.53%
OCF growth 3Y	2.85%
OCF growth 5Y	7.1%
Revenue growth	8.2%
Revenue growth (Q)	8.02%
Revenue growth (QoQ)	19.35%
Revenue growth 10Y	3.66%
Revenue growth 3Y	4.83%
Revenue growth 5Y	5.03%
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.8B
Depreciation and amortization	$1.3B
EBIT	$1.4B
EBITDA	$2.5B
EPS	$2.79
FCF per share	$-4.94
Financing cash flow	$2.1B
Free cash flow	$-1.5B
Gross profit	$3.1B
Income taxes	$149M
Investing cash flow	$-4.2B
Net borrowing	$2.4B
Net cash flow	$147M
Net income	$862M
Operating income	$1.4B
Revenue	$9B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$30.30
Debt / EBITDA	8.12
Debt / equity	1.96
Interest coverage	1.68
Long-term assets	$38.5B
Long-term liabilities	$29.3B
Net cash (debt)	$-19.8B
Net cash / market cap	-92.04%
Net debt / EBITDA	7.94
Net debt / equity	1.92
Piotroski F-Score	5
Property, plant and equipment	$31.9B
Shareholders' equity	$10.3B
Tangible book value	$9.5B
Tangible book value per share	$30.30
Total assets	$41.7B
Total cash	$451M
Total debt	$20.2B
Total liabilities	$31.4B
WACC	4.67%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.23
Current assets	$3.2B
Current liabilities	$2.1B
Current ratio	1.51
Net working capital	$625M
Quick ratio	0.21
Working capital	$1.1B
Working capital turnover	23.34

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.18%
Dividend growth	5.07%
Dividend growth (10Y)	6.28%
Dividend growth (3Y)	5.35%
Dividend growth (5Y)	5.55%
Dividend growth years	18
Dividend payment date	2026-12-01
Dividend payment years	20
Dividend payout frequency	Quarterly
Dividend per share	$2.28
Dividend yield	3.34%
Ex-dividend date	2026-11-06
Last dividend	$0.57
Payout ratio	81.65%
Shareholder yield	0.15%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	64.87%
10Y return CAGR	8.3%
10Y total return	121.99%
150-day SMA	$71.91
15Y price change	218.94%
15Y return CAGR	11.53%
15Y total return	414%
1D price change	-1.25%
1M price change	8.32%
1M total return	8.32%
1W price change	-0.34%
1W total return	-0.34%
1Y price change	-8.58%
1Y return CAGR	-5.73%
1Y total return	-5.72%
20-day SMA	$66.88
200-day SMA	$72.58
20Y price change	350.99%
20Y return CAGR	11.27%
20Y total return	745.54%
3M price change	-8.19%
3M total return	-7.45%
3Y price change	25.65%
3Y return CAGR	11.38%
3Y total return	38.19%
50-day SMA	$66.79
50-day SMA vs 200-day SMA	50under200
52-week high	$80.36
52-week high date	2026-04-09
52-week low	$62.29
52-week low date	2026-09-29
5Y price change	12.99%
5Y return CAGR	5.7%
5Y total return	31.96%
6M price change	-10.34%
6M total return	-8.91%
All-time high	$80.36
All-time high date	2026-04-09
All-time low	$3.41
All-time low date	2003-03-14
Average true range (ATR)	$1.18
Average volume	4.2M
Beta (1Y)	-0.23
Beta (2Y)	-0.07
Beta (5Y)	0.31
Change from 52-week high	-15.21%
Change from 52-week low	9.4%
Change from all-time high	-15.14%
Change from all-time low	1,899.71%
Change from open	-1.12%
Day's gap	-0.13%
Dollar volume	$190.8M
High price	$68.91
Low price	$68.11
Monthly RSI	47.67
Open price	$68.91
Position in 52-week range	3.75%
Premarket change	-0.03%
Premarket close	$69.00
Premarket price	$68.98
Previous close	$69.00
Price vs 150-day SMA	-5.17%
Price vs 20-day SMA	1.96%
Price vs 200-day SMA	-6.05%
Price vs 50-day SMA	2.1%
Relative volume	0.67
RSI	55.33
Sharpe ratio	-0.47
Sharpe ratio (3Y)	0.54
Sharpe ratio (5Y)	0.17
Sortino ratio	-0.34
Sortino ratio (3Y)	1.1
Sortino ratio (5Y)	0.53
Volume	2.8M
Weekly RSI	45.8
YTD price change	-2.49%
YTD total return	-0.2%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	311.5M
Float percentage	99.33%
Shares change (QoQ)	-0.17%
Shares change (YoY)	3.18%
Shares held by insiders	0.56%
Shares held by institutions	102.63%
Shares outstanding	313.6M
Short % of float	5.56%
Short % of shares	5.53%
Short ratio	4.8 days

Deeper analysis on CMS

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this CMS report

Is a complete CMS research report available?

No complete published report is available for CMS Energy Corporation (CMS) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

CMS Energy Corporation (CMS)

Price

Financial snapshot

Fair-value bridge

Latest news · CMS

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All CMS indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on CMS

Frequently asked questions