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cms energy corp. - CMS

CMS

Close Chg Chg %
75.43 0.89 1.18%

Pre-Market

76.32

+0.89 (1.18%)

Volume: 2.12M

Last Updated:

Mar 26, 2026, 3:59 PM EDT

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Company Overview: cms energy corp. - CMS

CMS Key Data

Open

$75.36

 Day Range

75.08 - 76.45

52 Week Range

67.71 - 78.88

 Market Cap

$23.12B

Shares Outstanding

306.42M

 Public Float

304.32M

Beta

0.46

 Rev. Per Employee

N/A

P/E Ratio

21.40

 EPS

$3.53

Yield

291.29%

 Dividend

$0.57

EX-DIVIDEND DATE

Feb 17, 2026

 SHORT INTEREST

N/A

AVERAGE VOLUME

2.73M

  

CMS Performance

1 Week
 
 2.57%
 
1 Month
 
 -2.23%
 
3 Months
 
 9.11%
 
1 Year
 
 2.90%
 
5 Years
 
 25.27%
 

CMS Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 17
Full Ratings ➔

About cms energy corp. - CMS

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas. The NorthStar Clean Energy segment is involved in domestic independent power production including the development and operation of renewable generation and the marketing of independent power production. The company was founded in 1987 and is headquartered in Jackson, MI.

CMS At a Glance

CMS Energy Corp.
One Energy Plaza
Jackson, Michigan 49201-2357
Phone 1-517-788-0550 Revenue 8.54B
Industry Electric Utilities Net Income 1.07B
Sector Utilities 2025 Sales Growth 13.626%
Fiscal Year-end 12 / 2026 Employees 8,350
View SEC Filings

CMS Valuation

P/E Current 21.402
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 19.839
Price to Sales Ratio 2.465
Price to Book Ratio 2.402
Price to Cash Flow Ratio 9.42
Enterprise Value to EBITDA 13.236
Enterprise Value to Sales 4.701
Total Debt to Enterprise Value 0.471

CMS Efficiency

Revenue/Employee 1,022,634.731
Income Per Employee 128,263.473
Receivables Turnover 6.454
Total Asset Turnover 0.222

CMS Liquidity

Current Ratio 0.979
Quick Ratio 0.756
Cash Ratio 0.173

CMS Profitability

Gross Margin 26.233
Operating Margin 20.225
Pretax Margin 14.615
Net Margin 12.542
Return on Assets 2.785
Return on Equity 12.329
Return on Total Capital 3.816
Return on Invested Capital 4.228

CMS Capital Structure

Total Debt to Total Equity 206.912
Total Debt to Total Capital 67.417
Total Debt to Total Assets 46.846
Long-Term Debt to Equity 201.357
Long-Term Debt to Total Capital 64.00
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Cms Energy Corp. - CMS

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
8.60B 7.46B 7.51B 8.54B
Sales Growth
+17.29% -13.19% +0.71% +13.63%
Cost of Goods Sold (COGS) incl D&A
6.96B 5.78B 5.55B 6.30B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.13B 1.18B 1.24B 1.31B
Depreciation
990.00M 1.05B 1.04B 1.10B
Amortization of Intangibles
136.00M 130.00M 199.00M 207.00M
COGS Growth
+20.12% -16.95% -4.05% +13.58%
Gross Income
1.64B 1.68B 1.97B 2.24B
Gross Income Growth
+6.58% +2.81% +17.06% +13.76%
Gross Profit Margin
+19.03% +22.54% +26.20% +26.23%
2022 2023 2024 2025 5-year trend
SG&A Expense
- - - -
-
Research & Development
- - - -
-
Other SG&A
- - - -
-
SGA Growth
- - - -
-
Other Operating Expense
412.00M 447.00M 482.00M 513.00M
Unusual Expense
- (131.00M) (110.00M) (72.00M)
EBIT after Unusual Expense
1.22B 1.37B 1.60B 1.80B
Non Operating Income/Expense
197.00M 231.00M 234.00M 238.00M
Non-Operating Interest Income
5.00M 37.00M 50.00M 38.00M
Equity in Earnings of Affiliates
3.00M 7.00M 7.00M 5.00M
Interest Expense
519.00M 643.00M 708.00M 789.00M
Interest Expense Growth
+3.80% +23.89% +10.11% +11.44%
Gross Interest Expense
521.00M 646.00M 726.00M 800.00M
Interest Capitalized
2.00M 3.00M 18.00M 11.00M
Pretax Income
902.00M 954.00M 1.12B 1.25B
Pretax Income Growth
+9.60% +5.76% +17.71% +11.13%
Pretax Margin
+10.49% +12.78% +14.94% +14.62%
Income Tax
93.00M 147.00M 176.00M 246.00M
Income Tax - Current - Domestic
24.00M 2.00M 30.00M 39.00M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
69.00M 145.00M 146.00M 207.00M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
3.00M 7.00M 7.00M 5.00M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
809.00M 807.00M 947.00M 1.00B
Minority Interest Expense
(24.00M) (79.00M) (56.00M) (69.00M)
Net Income
833.00M 886.00M 1.00B 1.07B
Net Income Growth
+10.92% +6.36% +13.21% +6.78%
Net Margin Growth
+9.69% +11.87% +13.35% +12.54%
Extraordinaries & Discontinued Operations
- - 4.00M 1.00M
-
Discontinued Operations
- - 4.00M 1.00M
-
Net Income After Extraordinaries
837.00M 887.00M 1.00B 1.07B
Preferred Dividends
10.00M 10.00M 10.00M 10.00M
Net Income Available to Common
827.00M 877.00M 993.00M 1.06B
EPS (Basic)
2.8566 3.0117 3.3367 3.532
EPS (Basic) Growth
-38.76% +5.43% +10.79% +5.85%
Basic Shares Outstanding
289.50M 291.20M 297.60M 300.40M
EPS (Diluted)
2.8517 3.0065 3.3289 3.5249
EPS (Diluted) Growth
-38.76% +5.43% +10.72% +5.89%
Diluted Shares Outstanding
290.00M 291.70M 298.30M 301.00M
EBITDA
2.35B 2.42B 2.73B 3.03B
EBITDA Growth
+3.98% +2.77% +12.92% +11.22%
EBITDA Margin
+27.34% +32.36% +36.29% +35.52%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 80.667
Number of Ratings 17 Current Quarters Estimate 1.115
FY Report Date 03 / 2026 Current Year's Estimate 3.878
Last Quarter’s Earnings 0.95 Median PE on CY Estimate N/A
Year Ago Earnings 3.61 Next Fiscal Year Estimate 4.183
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 10 10 13 12
Mean Estimate 1.11 0.72 3.88 4.18
High Estimates 1.31 0.85 3.90 4.20
Low Estimate 0.84 0.56 3.84 4.15
Coefficient of Variance 11.94 14.12 0.43 0.36

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 7 7
OVERWEIGHT 2 2 2
HOLD 7 7 9
UNDERWEIGHT 2 2 1
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Cms Energy Corp. - CMS

Date Name Shares Transaction Value
Mar 3, 2026 Brandon J. Hofmeister Senior Vice President 70,670 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $78.24 per share 5,529,220.80
Mar 3, 2026 Brandon J. Hofmeister Senior Vice President 70,953 Bona fide gift 0.00
Mar 3, 2026 Brandon J. Hofmeister Senior Vice President 3 Bona fide gift 0.00
Jan 29, 2026 Garrick J. Rochow President and CEO; Director 546,842 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Garrick J. Rochow President and CEO; Director 518,452 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 37,084,871.56
Jan 29, 2026 Rejji P. Hayes EVP/CFO 245,755 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Rejji P. Hayes EVP/CFO 236,581 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 16,922,638.93
Jan 29, 2026 Scott B. McIntosh VP, Controller, CAO 22,260 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Scott B. McIntosh VP, Controller, CAO 20,842 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 1,490,828.26
Jan 29, 2026 Shaun M. Johnson Executive Vice President & CLO 94,968 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Shaun M. Johnson Executive Vice President & CLO 90,147 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 6,448,214.91
Jan 29, 2026 Tonya L. Berry Executive Vice President & COO 52,929 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Tonya L. Berry Executive Vice President & COO 49,936 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 3,571,922.08
Jan 29, 2026 Lauren Y Snyder Senior Vice President 13,647 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 29, 2026 Lauren Y Snyder Senior Vice President 12,900 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $71.53 per share 922,737.00

Cms Energy Corp. in the News