CMS Energy Corporation CMS
62.95
0.18
0.29%
as of 25 Sep
- Market cap
- $21.8B
- P/E
- 18.9×
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CMS Energy Corporation (CMS) Debt to equity
CMS Energy Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.9×, down 0.1× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 1.7× (fiscal 2021) to 2.6× (fiscal 2019); the current reading is higher than 45% of that period. That is above the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.9× | 3.16% |
| FY2024 | 1.9× | (1.44%) |
| FY2023 | 1.9× | 1.72% |
| FY2022 | 1.9× | 8.41% |
| FY2021 | 1.7× | (14.89%) |
| FY2020 | 2.0× | (21.66%) |
| FY2019 | 2.6× | 6.79% |
| FY2018 | 2.4× | 5.79% |
| FY2017 | 2.3× | 2.57% |
| FY2016 | 2.2× | (3.20%) |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.9× | (2.22%) |
| Mar 2026 | 1.9× | (2.46%) |
| Dec 2025 | 1.9× | 1.55% |
| Sep 2025 | 1.9× | (4.73%) |
| 42 more quarters | Free account |
Against its own ten years
Low 1.7×
High 2.6×
Ten-year median
2.0×
Current reading's percentile
45
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| FTS Fortis compare | 1.3× |
| EVRG Evergy Inc. compare | 1.3× |
| PPL PPL Corporation compare | 1.4× |
| ES Eversource Energy compare | 1.8× |
| CMS CMS Energy Corporation | 1.9× |
| FE FirstEnergy Corporation compare | 2.0× |
| CNP CenterPoint Energy, Inc. compare | 2.1× |
| EIX Edison International compare | 2.2× |
| DTE DTE Energy Company compare | 2.3× |
| Utilities Regulated Electric industry median | 1.5× |
| Utilities sector median | 1.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on CMS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement