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

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

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