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

70.50 0.48 −0.68%

Follow CMS

Alert me

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 Segments Valuation Filings

CMS Energy Corporation (CMS) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, CMS Energy Corporation (CMS) trades at a P/E ratio of 33.3×. Over the past ten years it has ranged from 11.9× (October 2022) to 33.5× (November 2026); the current reading is higher than 100% of that period. That is above the Utilities Regulated Electric industry median of 19.5× and above the Utilities sector median of 19.5×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/CMS/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="CMS Energy Corporation P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CMS/metrics/pe-ratio">CMS Energy Corporation (CMS) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	19.8×	(1.32%)
FY2024	20.1×	2.05%
FY2023	19.7×	(12.03%)
FY2022	22.4×	60.19%
FY2021	14.0×	(39.37%)
FY2020	23.0×	(12.07%)
FY2019	26.2×	22.87%
FY2018	21.3×	(25.57%)
FY2017	28.6×	37.18%
FY2016	20.9×	9.90%

Period	P/E ratio	Change
Sep 2026	29.8×	29.57%
Jun 2026	23.0×	7.20%
Mar 2026	21.4×	8.18%
Dec 2025	19.8×	(6.44%)
43 more quarters	Free account

Against its own ten years

Low 11.9× High 33.5×

Ten-year median 21.5×

Current reading's percentile 100

Company	P/E ratio
EIX Edison International compare	6.5×
ES Eversource Energy compare	18.6×
EVRG Evergy Inc. compare	18.9×
LNT Alliant Energy Corporation compare	20.3×
DTE DTE Energy Company compare	20.5×
PPL PPL Corporation compare	21.2×
FE FirstEnergy Corporation compare	22.6×
CNP CenterPoint Energy, Inc. compare	22.8×
CMS CMS Energy Corporation	33.3×
Utilities Regulated Electric industry median	19.5×
Utilities sector median	19.5×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

CMS Energy Corporation (CMS) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CMS

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CMS

Stockrow Weekly