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.
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CMS Energy Corporation (CMS) EV/FCF
As of 16 October 2026, CMS Energy Corporation (CMS) trades at a EV/FCF of −21.1×. Over the past ten years it has ranged from −511× (March 2017) to 2,001× (April 2015); the current reading is higher than 74% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | −24.7× | — |
| FY2024 | −55.8× | — |
| FY2023 | −332× | — |
| FY2022 | −21.4× | — |
| FY2021 | −120× | — |
| FY2020 | −28.7× | — |
| FY2019 | −100× | — |
| FY2018 | −68.8× | — |
| FY2017 | 582× | — |
| FY2016 | −487× | — |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | −22.3× | — |
| Mar 2026 | −20.9× | — |
| Dec 2025 | −24.7× | — |
| Sep 2025 | −26.3× | — |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| EIX Edison International compare | −164× |
| FE FirstEnergy Corporation compare | −28.4× |
| DTE DTE Energy Company compare | −28.4× |
| EVRG Evergy Inc. compare | −23.5× |
| LNT Alliant Energy Corporation compare | −23.2× |
| PPL PPL Corporation compare | −23.0× |
| CMS CMS Energy Corporation | −21.1× |
| CNP CenterPoint Energy, Inc. compare | −16.7× |
| ES Eversource Energy compare | 176× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on CMS
- Revenue
- Net income
- EPS (diluted)
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement