CMS Energy Corp

Chart & Performance

D1W1MN

P/E

6.58

P/S

0.88

EPS

3.35

Div Yield, %

4.99%

Shrs. gr., 5y

1.00%

Rev. gr., 5y

1.89%

Revenues

7.52b

+0.71%

Net income

1.00b

+13.08%

CFO

2.37b

+2.64%

Dividend

Sep 30, 20240.36719 USD/sh

Earnings

Jul 23, 2025

Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

URL

https://www.cmsenergy.com/

IPO date

Feb 03, 1947

Employees

8,560

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	7,515,000 0.71%	7,462,000 -13.19%	8,596,000 17.29%
Cost of revenue		4,600,000	5,834,000
Unusual Expense (Income)
NOPBT	7,515,000	2,862,000	2,762,000
NOPBT Margin	100.00%	38.35%	32.13%
Operating Taxes	176,000	147,000	93,000
Tax Rate	2.34%	5.14%	3.37%
NOPAT	7,339,000	2,715,000	2,669,000
Net income	1,003,000 13.08%	887,000 5.97%	837,000 14.97%
Dividends	(626,000)	(579,000)	(546,000)
Dividend yield	3.14%	3.42%	2.97%
Proceeds from repurchase of equity	286,000	192,000	69,000
BB yield	-1.44%	-1.13%	-0.38%
Debt
Debt current	521,000	1,068,000	1,119,000
Long-term debt	11,042,000	14,654,000	14,377,000
Deferred revenue
Other long-term liabilities	6,082,000	7,905,000	5,047,000
Net debt	11,391,000	15,419,000	15,261,000
Cash flow
Cash from operating activities	2,370,000	2,309,000	855,000
CAPEX		(2,574,000)	(2,481,000)
Cash from investing activities	(3,054,000)	(3,386,000)	(2,476,000)
Cash from financing activities	614,000	1,143,000	1,325,000
FCF	5,103,000	4,134,000	(591,000)
Balance
Cash	103,000	227,000	164,000
Long term investments	69,000	76,000	71,000
Excess cash
Stockholders' equity	3,257,000	2,420,000	8,893,000
Invested Capital	30,796,000	31,690,000	27,532,000
ROIC	23.49%	9.17%	10.29%
ROCE	22.20%	9.03%	9.19%
EV
Common stock shares outstanding	298,800	291,700	290,000
Price	66.65 14.78%	58.07 -8.31%	63.33 -2.64%
Market cap	19,915,020 17.57%	16,939,019 -7.77%	18,365,700 -2.48%
EV	31,343,020	33,163,019	34,430,700
EBITDA	8,755,000	4,042,000	3,888,000
EV/EBITDA	3.58	8.20	8.86
Interest	708,000	643,000	519,000
Interest/NOPBT	9.42%	22.47%	18.79%