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

69.47 0.64 −0.91%

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) Price to free cash flow

Alert me on Price to free cash flow

CMS Energy Corporation has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 1,086× (April 2015) — the current reading is the lowest in ten years.

Embed this chart

Code for your page

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

Period	Price to free cash flow	Change
FY2025	0.0×	—
FY2024	0.0×	—
FY2023	0.0×	—
FY2022	0.0×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	329×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	0.0×	—
Jun 2026	0.0×	—
Mar 2026	0.0×	—
Dec 2025	0.0×	—
43 more quarters	Free account

Against its own ten years

Low 0.0× High 1,086×

Ten-year median 0.0×

Current reading's percentile 79

Company	Price to free cash flow
FE FirstEnergy Corporation compare	n/m
DTE DTE Energy Company compare	n/m
CNP CenterPoint Energy, Inc. compare	n/m
EVRG Evergy Inc. compare	n/m
EIX Edison International compare	n/m
CMS CMS Energy Corporation	n/m
LNT Alliant Energy Corporation compare	n/m
PPL PPL Corporation compare	n/m
ES Eversource Energy compare	91.0×
Utilities Regulated Electric industry median	45.3×
Utilities sector median	39.2×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

CMS Energy Corporation (CMS) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on CMS

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on CMS

Stockrow Weekly