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Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

69.31 1.37 −1.94%
Market cap
$22.2B
P/E
32.7×
Fwd P/E
19.2×
Dividend yield
4.07%
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) EV/Sales

Alert me on EV/Sales

As of 6 November 2026, CMS Energy Corporation (CMS) trades at a EV/Sales of 4.6×. Over the past ten years it has ranged from 2.4× (March 2015) to 5.3× (November 2020); the current reading is higher than 73% of that period. That is below the Utilities Regulated Electric industry median of 4.9× and in line with the Utilities sector median of 4.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.6× (4.37%)
FY2024 4.8× 10.32%
FY2023 4.4× 15.15%
FY2022 3.8× (9.87%)
FY2021 4.2× (9.29%)
FY2020 4.6× (0.32%)
FY2019 4.6× 25.17%
FY2018 3.7× 5.06%
FY2017 3.5× 8.08%
FY2016 3.3× 11.80%

Quarterly newest first

Period EV/Sales Change
Sep 2026 4.4× (9.38%)
Jun 2026 4.8× 0.34%
Mar 2026 4.8× 4.91%
Dec 2025 4.6× (3.61%)
43 more quarters

Against its own ten years

Low 2.4× High 5.3×
Ten-year median 4.1×
Current reading's percentile 71

EV/Sales against peers

Company EV/Sales
DTE DTE Energy Company compare 3.3×
EIX Edison International compare 3.5×
FE FirstEnergy Corporation compare 3.5×
ES Eversource Energy compare 3.9×
CMS CMS Energy Corporation 4.6×
PPL PPL Corporation compare 4.9×
CNP CenterPoint Energy, Inc. compare 5.2×
EVRG Evergy Inc. compare 5.5×
LNT Alliant Energy Corporation compare 7.0×
Utilities Regulated Electric industry median 4.9×
Utilities sector median 4.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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