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Saturday 17 October 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. 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.

68.93 1.99 +2.97%
Market cap
$21.0B
P/E
20.7×
Fwd P/E
18.6×
Dividend yield
3.27%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

CMS Energy Corporation (CMS) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, CMS Energy Corporation (CMS) trades at a P/E ratio of 20.7×. Over the past ten years it has ranged from 11.9× (October 2022) to 31.6× (September 2019); the current reading is higher than 38% of that period. That is above the Utilities Regulated Electric industry median of 19.5× and in line with the Utilities sector median of 20.0×.

P/E ratio, daily

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Annual newest first

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%

Quarterly newest first

Period P/E ratio Change
Jun 2026 23.0× 7.20%
Mar 2026 21.4× 8.18%
Dec 2025 19.8× (6.44%)
Sep 2025 21.2× 3.30%
42 more quarters

Against its own ten years

Low 11.9× High 31.6×
Ten-year median 21.5×
Current reading's percentile 33

P/E ratio against peers

Company P/E ratio
EIX Edison International compare 5.7×
ES Eversource Energy compare 17.3×
DTE DTE Energy Company compare 20.5×
PPL PPL Corporation compare 20.7×
CMS CMS Energy Corporation 20.7×
EVRG Evergy Inc. compare 20.7×
LNT Alliant Energy Corporation compare 21.6×
CNP CenterPoint Energy, Inc. compare 23.9×
FE FirstEnergy Corporation compare 24.6×
Utilities Regulated Electric industry median 19.5×
Utilities sector median 20.0×
Market median 18.1×

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 →

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