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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.

Revenue
+8.02%
EPS
−131.6%
Free cash flow
+26.3%
Total debt
+11.8%

Quarter to September 2026, against a year earlier

70.50 0.48 −0.68%
Market cap
$22.2B
P/E
33.3×
Fwd P/E
19.2×
Dividend yield
4.00%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

CMS Energy Corporation (CMS) Current ratio

Alert me on Current ratio

CMS Energy Corporation's current ratio at the end of the quarter to 30 September 2026 was 0.9×, down 0.0× from fiscal 2025 (1.0×). Over the past ten years it has ranged from 0.8× (fiscal 2020) to 1.2× (fiscal 2021); the current reading is higher than 64% of that period. That is above the Utilities Regulated Electric industry median of 0.9× and above the Utilities sector median of 0.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.0× 23.50%
FY2024 0.8× (19.20%)
FY2023 1.0× (14.73%)
FY2022 1.2× (3.51%)
FY2021 1.2× 52.42%
FY2020 0.8× (9.29%)
FY2019 0.9× (8.34%)
FY2018 0.9× 5.79%
FY2017 0.9× 3.52%
FY2016 0.9× (14.78%)

Quarterly newest first

Period Current ratio Change
Sep 2026 0.9× 1.13%
Jun 2026 0.9× 11.12%
Mar 2026 0.8× (13.95%)
Dec 2025 1.0× 8.81%
43 more quarters

Against its own ten years

Low 0.8× High 1.2×
Ten-year median 0.9×
Current reading's percentile 64

Current ratio against peers

Company Current ratio
CNP CenterPoint Energy, Inc. compare 1.1×
CMS CMS Energy Corporation 0.9×
PPL PPL Corporation compare 0.9×
ES Eversource Energy compare 0.8×
EIX Edison International compare 0.8×
DTE DTE Energy Company compare 0.6×
LNT Alliant Energy Corporation compare 0.5×
EVRG Evergy Inc. compare 0.5×
FE FirstEnergy Corporation compare 0.4×
Utilities Regulated Electric industry median 0.9×
Utilities sector median 0.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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