Pricing Log in Create free account
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

69.33 0.78 −1.11%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

CMS Energy Corporation (CMS) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, CMS Energy Corporation (CMS) trades at a P/S ratio of 2.5×. Over the past ten years it has ranged from 1.2× (March 2015) to 3.0× (November 2020); the current reading is higher than 58% of that period. That is below the Utilities Regulated Electric industry median of 2.8× and in line with the Utilities sector median of 2.6×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 2.5× (6.79%)
FY2024 2.6× 14.23%
FY2023 2.3× 7.66%
FY2022 2.1× (16.33%)
FY2021 2.6× (5.32%)
FY2020 2.7× 0.91%
FY2019 2.7× 31.69%
FY2018 2.0× 2.08%
FY2017 2.0× 10.72%
FY2016 1.8× 17.10%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.2× (18.32%)
Jun 2026 2.7× (0.07%)
Mar 2026 2.7× 9.53%
Dec 2025 2.5× (7.06%)
43 more quarters

Against its own ten years

Low 1.2× High 3.0×
Ten-year median 2.3×
Current reading's percentile 54

P/S ratio against peers

Company P/S ratio
EIX Edison International compare 1.3×
FE FirstEnergy Corporation compare 1.7×
DTE DTE Energy Company compare 1.7×
ES Eversource Energy compare 1.9×
CMS CMS Energy Corporation 2.5×
CNP CenterPoint Energy, Inc. compare 2.7×
PPL PPL Corporation compare 2.9×
EVRG Evergy Inc. compare 3.2×
LNT Alliant Energy Corporation compare 4.2×
Utilities Regulated Electric industry median 2.8×
Utilities sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on CMS