Saturday 17 October 2026 Export CMS’s income statement to Excel — free account

CMS Energy Corporation

CMS Utilities Utilities Regulated Electric

CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 43.9%, free cash flow grew 26.6% and total debt rose 6.96%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years; insiders bought in the last twelve months.

68.93 1.99 +2.97%

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Market cap: $21.0B
P/E: 20.7×
Fwd P/E: 18.6×
Dividend yield: 3.27%
F-score: 5/9
Altman Z: 0.86
Beneish M: −2.41
Dividend safety: 27/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	21.17	19.81	21.43	22.97
P/S ratio Full definition →		2.65	2.46	2.69	2.69
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		64.01	43.95	33.72	38.15
P/B ratio Full definition →		2.38	2.21	2.42	2.33
Price to Tangible BV Full definition →		2.38	2.21	2.42	2.33
EV/Sales Full definition →		4.77	4.60	4.83	4.84
EV/EBITDA Full definition →		13.17	12.95	13.95	14.13
EV/Operating CF Full definition →		18.33	17.58	21.95	19.87
EV/FCF Full definition →		(26.26)	(24.73)	(20.93)	(22.35)
Quick Ratio Full definition →		0.45	0.55	0.47	0.45
Current Ratio Full definition →		0.90	0.98	0.84	0.94
Net Debt/EBITDA Full definition →		22.94	23.53	20.86	33.14
Debt/Assets Full definition →		47.55%	47.31%	47.36%	47.18%
Debt/Equity Full definition →		1.92	1.95	1.90	1.86
Asset Turnover Full definition →		0.23	0.23	0.23	0.22
Operating CF/Net income Full definition →		1.25	1.67	2.09	5.32
Capex/Depreciation Full definition →		(3.40)	(3.14)	(2.52)	(3.14)
Interest Coverage Full definition →		2.34	2.14	2.32	1.21
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		25.88%	28.84%	22.75%	31.82%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →		(1.18)	(1.27)	(1.14)	(1.16)
Graham Number Full definition →		48.90	50.08	51.11	49.57
Earnings Yield Full definition →		4.72%	5.05%	4.67%	4.35%
Free Cash Flow Yield Full definition →		(6.87%)	(7.56%)	(8.56%)	(8.05%)
Revenue per Share Full definition →		6.74	7.43	8.91	5.90
Operating CF per Share Full definition →		1.14	1.59	2.30	2.01
Capex per Share Full definition →		(3.26)	(3.58)	(3.39)	(3.12)
Free Cash Flow per Share Full definition →		(2.12)	(1.98)	(1.09)	(1.11)
Cash per Share Full definition →		1.44	2.05	0.86	1.11
Shareholders Equity per Share Full definition →		31.47	32.33	32.80	33.52
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		31.47	32.33	32.80	33.52
Free Cash Flow Full definition →		(635.00)	(596.00)	(334.00)	(345.00)
Working Capital Full definition →		(307.00)	(76.00)	(567.00)	(197.00)
Capital Expenditures Full definition →		(978.00)	(1,074.00)	(1,039.00)	(967.00)
Net Current Asset Value Full definition →		(25,832.00)	(26,758.00)	(27,209.00)	(27,640.00)
EV/EBIT Full definition →		23.06	22.75	24.72	25.56
Capex to Sales Full definition →		0.48	0.48	0.38	0.53
Price to Operating Income Full definition →		12.79	12.16	13.80	14.21
Other line items
Average Receivables Full definition →		868.50	1,193.00	1,222.00	979.50
Average Payables Full definition →		1,051.50	1,248.50	1,094.50	1,187.50
Average Inventory Full definition →		893.50	780.00	611.00	780.00
Average Assets Full definition →		36,412.50	37,930.50	38,290.00	39,302.00
Average Common Equity Full definition →		8,812.00	9,005.50	9,263.00	9,461.00

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