CMS Energy Corporation CMS SPX
Company Overview
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company 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.
Why Investors Should Care
Trades at a P/E of 20.8, below the sector median of 22.0.
Operating margin of 19.8% supports profitability.
Offers a dividend yield of 3.10%.
Recent Developments
- Dec 2025 Revenue of $8.30B (+13.5% YoY); net profit $1.07B.
- Trailing 12 Months Year-on-year growth — revenue +11.6%, earnings +8.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 1.2%, profit CAGR 7.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 1.18% |
| 1 Year: | 11.60% |
Compounded Profit Growth
| 5 Years: | 7.88% |
| 1 Year: | 8.90% |
Stock Price Performance
| 1 Year: | +9.67% |
| 6 Months: | +8.91% |
| 3 Months: | -3.55% |
| 1 Month: | +3.06% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)49.27 · Neutral
P/E of 20.80 is below the sector median of 21.98 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Attractive dividend yield of 3.10%.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CMS CMS Energy Corporation SPX | 75.08 | 20.80 | $23.19B | 3.10% | 4.75% | 10.37% | 1.18% | 7.88% |
| 2 | NEE NextEra Energy, Inc. SPX | 89.54 | 22.73 | $186.75B | 2.90% | 4.36% | 10.32% | 4.12% | 8.76% |
| 3 | SO The Southern Company SPX | 95.96 | 24.54 | $108.18B | 3.23% | 5.25% | 10.99% | 3.71% | 5.23% |
| 4 | DUK Duke Energy Corporation SPX | 126.37 | 19.44 | $98.52B | 3.41% | 4.94% | 9.66% | 5.53% | 6.88% |
| 5 | CEG Constellation Energy Corporation NDXSPXAI | 256.43 | 22.26 | $91.57B | 0.67% | 6.26% | 16.10% | 5.18% | 31.53% |
| 6 | AEP American Electric Power Company, Inc. NDXSPX | 134.94 | 19.96 | $73.42B | 2.94% | 5.68% | 12.58% | 3.66% | 15.77% |
| 7 | D Dominion Energy, Inc. SPX | 71.30 | 21.03 | $62.71B | 3.93% | 4.19% | 9.79% | 0.61% | 0.93% |
| 8 | SRE Sempra SPX | 93.36 | 31.76 | $61.03B | 2.85% | 3.46% | 5.69% | 3.05% | 3.18% |
| 9 | VST Vistra Corp. SPXAI | 158.43 | 26.49 | $53.42B | 0.61% | 7.08% | 42.90% | 8.92% | 58.98% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 1.87B | 1.41B | 1.52B | - | 1.96B | 1.35B | 1.44B | - | 1.76B | 1.34B | 1.47B | - | 1.96B | 1.51B | 1.67B | - | 2.32B | 1.84B | 1.96B | 2.25B | 1.51B | 1.64B | 2.14B | 1.58B | 1.71B | 2.40B | 1.80B | 1.98B | 2.67B |
| Operating Income | 204.00M | 317.00M | 245.00M | 326.00M | 275.00M | 375.00M | 280.00M | 388.00M | 241.00M | 330.00M | 379.00M | 363.00M | 255.00M | 294.00M | 250.00M | 359.00M | 218.00M | 351.00M | 311.00M | 335.00M | 248.00M | 340.00M | 307.00M | 430.00M | 252.00M | 260.00M | 204.00M | 456.00M | 239.00M | 258.00M | 314.00M | 244.00M | 271.00M | 412.00M | 283.00M | 367.00M | 494.00M | 317.00M | 481.00M | 490.00M |
| Net Income | 67.00M | 148.00M | 106.00M | 164.00M | 124.00M | 186.00M | 77.00M | 199.00M | 92.00M | 172.00M | -3.00M | 241.00M | 139.00M | 169.00M | 108.00M | 213.00M | 93.00M | 207.00M | 167.00M | 243.00M | 136.00M | 218.00M | 158.00M | 349.00M | 176.00M | 189.00M | 639.00M | 353.00M | 148.00M | 165.00M | 204.00M | 198.00M | 176.00M | 287.00M | 198.00M | 253.00M | 304.00M | 201.00M | 277.00M | 340.00M |
| Diluted EPS | 0.25 | 0.53 | 0.38 | 0.59 | 0.45 | 0.67 | 0.28 | 0.71 | 0.33 | 0.61 | -0.01 | 0.86 | 0.49 | 0.59 | 0.38 | 0.75 | 0.33 | 0.73 | 0.58 | 0.85 | 0.48 | 0.76 | 0.55 | 1.21 | 0.61 | 0.64 | 2.20 | 1.21 | 0.50 | 0.56 | 0.69 | 0.67 | 0.60 | 0.96 | 0.65 | 0.84 | 1.01 | 0.66 | 0.92 | 1.10 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.81B | 6.21B | 6.43B | 6.50B | 6.25B | 6.57B | 7.18B | 6.46B | 6.40B | 6.58B | 6.50B | 6.40B | 6.24B | 7.08B | 8.32B | 7.26B | 7.32B | 8.30B |
| Operating Income | 794.00M | 698.00M | 978.00M | 1.00B | 1.00B | 1.14B | 1.15B | 1.18B | 1.26B | 1.34B | 1.16B | 1.11B | 1.23B | 1.15B | 1.22B | 1.24B | 1.49B | 1.73B |
| Net Income | 295.00M | 229.00M | 340.00M | 415.00M | 382.00M | 452.00M | 477.00M | 523.00M | 551.00M | 460.00M | 657.00M | 680.00M | 755.00M | 1.35B | 837.00M | 887.00M | 1.00B | 1.07B |
| Diluted EPS | 1.20 | 0.91 | 1.28 | 1.58 | 1.42 | 1.66 | 1.74 | 1.89 | 1.98 | 1.64 | 2.32 | 2.39 | 2.64 | 4.66 | 2.85 | 3.01 | 3.33 | 3.53 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 15.26B | 15.62B | 16.45B | 17.13B | 17.29B | 19.14B | 20.30B | 21.62B | 23.05B | 24.53B | 26.84B | 29.67B | 28.75B | 31.35B | 33.52B | 35.92B | 39.94B |
| Total Equity | - | 2.81B | 2.60B | 2.79B | 3.03B | 3.19B | 3.45B | 3.67B | 3.94B | 4.25B | 4.44B | 4.75B | 5.02B | 5.50B | 6.63B | 7.01B | 7.54B | 8.23B | 9.14B |
| Cash & Equivalents | 344.00M | 207.00M | 90.00M | 247.00M | 161.00M | 93.00M | 172.00M | 207.00M | 266.00M | 235.00M | 182.00M | 153.00M | 140.00M | 32.00M | 452.00M | 164.00M | 227.00M | 103.00M | 509.00M |
| Long Term Debt | - | - | 5.89B | 6.45B | 6.04B | 6.71B | 7.10B | 8.02B | 8.40B | 8.64B | 9.12B | 10.62B | 11.95B | 11.74B | 12.05B | 13.12B | 14.51B | 15.19B | 17.81B |
| Current Liabilities | - | - | 1.95B | 2.02B | 2.34B | 1.80B | 1.95B | 1.95B | 2.30B | 2.65B | 2.78B | 2.62B | 2.70B | 3.07B | 2.20B | 2.98B | 2.90B | 3.52B | 3.55B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 557.00M | 848.00M | 959.00M | 1.17B | 1.24B | 1.42B | - | 1.64B | 1.63B | 1.71B | 1.70B | 1.79B | 1.28B | 1.82B | 855.00M | 2.31B | 2.37B | 2.23B |
| Investing Cash Flow | -839.00M | -935.00M | -1.00B | -1.06B | -1.35B | -1.53B | - | -2.06B | -1.92B | -1.87B | -2.61B | -2.82B | -2.87B | -1.23B | -2.48B | -3.39B | -3.05B | -4.04B |
| Financing Cash Flow | 147.00M | -35.00M | 202.00M | -199.00M | 41.00M | 190.00M | - | 463.00M | 255.00M | 110.00M | 874.00M | 1.01B | 1.62B | -295.00M | 1.33B | 1.14B | 614.00M | 2.24B |
| Capital Expenditure | - | -818.00M | -821.00M | -882.00M | -1.23B | -1.32B | -1.58B | -1.56B | -1.67B | -1.67B | -2.07B | -2.10B | -2.31B | -2.08B | -2.37B | - | - | - |
| Free Cash Flow | - | 30.00M | 138.00M | 287.00M | 14.00M | 96.00M | - | 76.00M | -43.00M | 40.00M | -371.00M | -307.00M | -1.03B | -257.00M | -1.52B | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.7% | 11.2% | 15.2% | 15.4% | 16.0% | 17.4% | 16.0% | 18.2% | 19.6% | 20.3% | 17.9% | 17.4% | 19.7% | 16.2% | 14.7% | 17.0% | 20.3% | 20.8% |
| Net Margin % | 4.3% | 3.7% | 5.3% | 6.4% | 6.1% | 6.9% | 6.6% | 8.1% | 8.6% | 7.0% | 10.1% | 10.6% | 12.1% | 19.1% | 10.1% | 12.2% | 13.7% | 12.9% |
| ROE % | 10.5% | 8.8% | 12.2% | 13.7% | 12.0% | 13.1% | 13.0% | 13.3% | 13.0% | 10.4% | 13.8% | 13.6% | 13.7% | 20.4% | 11.9% | 11.8% | 12.2% | 11.7% |
| ROCE % | - | 5.2% | 7.2% | 7.1% | 6.5% | 7.4% | 6.7% | 6.5% | 6.6% | 6.6% | 5.3% | 4.6% | 4.6% | 4.3% | 4.3% | 4.0% | 4.6% | 4.7% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 10.86% | 33.56M | $2.57B |
| 2 | Vanguard Capital Management LLC | 6.43% | 19.88M | $1.52B |
| 3 | Vanguard Portfolio Management LLC | 6.08% | 18.79M | $1.44B |
| 4 | State Street Corporation | 5.86% | 18.10M | $1.38B |
| 5 | JPMORGAN CHASE & CO | 5.13% | 15.84M | $1.21B |
| 6 | Geode Capital Management, LLC | 2.76% | 8.53M | $651.98M |
| 7 | Dz Bank Ag Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | 2.63% | 8.14M | $621.94M |
| 8 | Deutsche Bank AG | 2.51% | 7.75M | $592.13M |
| 9 | Invesco Ltd. | 2.47% | 7.65M | $584.48M |
| 10 | Massachusetts Financial Services Co. | 2.47% | 7.63M | $583.34M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for CMS
Will CMS Energy (CMS) Beat Estimates Again in Its Next Earnings Report? - Yahoo Finance
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Plug This 3% Yield In, Light Up Your Portfolio's Returns: CMS Energy (NYSE:CMS) - Seeking Alpha
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Truist Financial Reaffirms Their Buy Rating on CMS Energy (CMS) - The Globe and Mail
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Is CMS Energy (CMS) Fully Priced Following Storm Costs And Regulatory Updates? - simplywall.st
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Consumers Energy tops land-restoration goal, opens 100 acres to the public - Stock Titan
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Barclays Adjusts CMS Energy Price Target to $81 From $79, Maintains Overweight Rating - marketscreener.com
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CMS — Frequently Asked Questions
What is the current share price of CMS Energy Corporation (CMS)?
As of 2026-07-14 21:23 PDT, CMS Energy Corporation (CMS) trades at $75.08 on NYSE. Its 52-week range is $68.13 to $79.32.
What is the market capitalisation of CMS?
CMS Energy Corporation (CMS) has a market capitalisation of $23.19B on NYSE.
What is the P/E ratio of CMS?
CMS trades at a trailing price-to-earnings (P/E) ratio of 20.80. The industry average P/E is 21.98. Its price-to-book (P/B) ratio is 2.46.
Does CMS pay a dividend?
CMS Energy Corporation (CMS) currently offers a dividend yield of 3.10%.
What is the return on equity (ROE) of CMS?
CMS has a return on equity (ROE) of 10.37%. Its return on capital employed (ROCE) is 4.75%.
Is CMS a good stock to buy?
This page provides a data-driven analysis of CMS Energy Corporation (CMS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.