GeminIQ Website Logo

Viewing CMS free

Subscribe for full history, 90+ metrics, screener, watchlist...

CMS ENERGY CORP

CMS

Subscribe to unlock 17+ years of data

Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only column

Financial statements beyond 3 years are for subscribers only.

Unlock 17+ years of income statements, balance sheets, and cash flow statements

Start 7-day free trial
Subscriber-only column
Nonrelated Party
-3941,4021,306-2-921,0161,049-23-72889933-27
Related Party
-3941,4021,306-2-921,0161,049-23-72889933-27
Assets
Cash And Cash Equivalents At Carrying Value
241175509362844465103412699802227157
Restricted Cash And Cash Equivalents At Carrying V…
10488106708161755590592127
Inventory Net
Assets Current
Assets Current
2,8663,0253,4722,7453,1932,7822,7902,7032,9853,0912,8392,449
Energy Related Inventory Gas Stored Underground
414257427566402247435536419326587725
Other Inventory Supplies
345338329307305310299294280273267255
Energy Related Inventory Other Fossil Fuel
654735302923355480788480
Regulatory Assets Current
819410484132173229180183201203169
Other Assets Current
24322516098140115103921001108091
Property Plant And Equipm…
Accumulated Depreciation Depletion And Amortizatio…
10,49610,38410,13510,0519,8659,7989,5699,3129,1609,0069,0078,929
Construction In Progress Gross
3,5983,5943,0523,1582,7502,4202,0981,8271,3571,0509441,626
Property Plant And Equipment Net
32,32931,53330,68029,69028,84727,90327,46126,67125,87725,28025,07224,694
Regulated Entity Other As…
Regulatory Assets Noncurrent
3,2743,2983,3553,5453,5703,5433,5693,5603,5853,6083,6833,793
Long Term Accounts Notes And Loans Receivable Net …
181818186820202022222230
Equity Method Investments
-------7473737674
Investments In Affiliates Subsidiaries Associates …
63656164627169---76-
Defined Benefit Plan Assets For Plan Benefits Nonc…
2,0532,0051,9571,7441,7051,6661,6271,5911,5501,5091,4681,307
Other Assets Noncurrent
302341398202254310384198263318357166
Assets
40,90540,28539,94138,00837,69936,29535,92034,81734,35533,90133,51732,513
Liabilities And Stockhold…
Notes Payable Current
--00006500093247
Liabilities Current
Liabilities Current
3,0633,5923,5483,0523,1962,6273,5212,1912,5282,2952,8952,719
Interest And Dividends Payable Current
183207182204170168156161155169142157
Taxes Payable Current
498516708200461474654183449455612159
Regulatory Liability Current
968785899399111120120725675
Other Liabilities Current
187184185239197226209213186148149163
Long Term Debt Noncurrent
18,17217,45617,80716,77416,78116,14815,19415,54814,91714,97314,50814,114
Finance Lease Liability Noncurrent
25926213513713911111211279616263
Regulatory Liability Noncurrent
4,1524,1544,0914,1044,1644,1734,0674,0754,0803,9683,8943,889
Liabilities Noncurrent
Liabilities Noncurrent
27,44326,64226,68225,52525,53224,74523,65123,98523,28623,10022,49722,036
Pension And Other Postretirement Defined Benefit P…
93949592939596102103104106105
Asset Retirement Obligations Noncurrent
808797792731747725728761769777771768
Accumulated Deferred Investment Tax Credit
116117118119120121122123124125126127
Deferred Income Tax Liabilities Net
3,3993,3453,2523,1723,0793,0022,9252,8372,7852,6792,6152,541
Other Liabilities Noncurrent
444417392396409370407427429413415429
Stockholders Equity Inclu…
Common Stock Value
333333333333
Additional Paid In Capital Common Stock
7,0366,6696,5106,3555,9985,9756,0096,0015,9915,9755,7055,515
Stockholders Equity
Accumulated Other Comprehensive Income Loss Net Of…
-35-35-36-41-41-41-41-45-45-45-46-51
Stockholders Equity
10,39910,0519,7119,4318,3948,3358,7488,1118,0037,9467,5447,186
Retained Earnings Accumulated Deficit
2,5462,6052,4432,3232,2102,1742,0351,9281,8301,7891,6581,495
Preferred Stock Value
224224224224224224224224224224224224
Minority Interest
625585567567577588518530538560581572
Liabilities And Stockholders Equity
40,90540,28539,94138,00837,69936,29535,92034,81734,35533,90133,51732,513
Common Stock Shares Authorized
700350350350350350350350350350350-
Series C Preferred Stock Depositary Shares
090--9909-9-
Allowance For Doubtful Accounts Receivable Current
323227283029232223232126
Shares Outstanding
314309306304299299299299299299294292
Preferred Stock Shares Authorized
--1099-10---10-
Preferred Stock Shares Outstanding
---99-------

Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables

Custom Table

0/5
Search a metric to start building a table

Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals

Interactive Financial Visualizations

0/1
Search a metric to start building a visual

Subscribe to unlock 17+ years of data

Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-1.07%-2.59%-2.24%---------
2025-2.87%-4.15%-4.40%-0.19%-4.29%2.07%1.90%-4.80%-1.35%5.41%7.35%3.86%
20245.43%-0.56%2.01%5.95%11.75%10.56%0.63%-3.58%-1.45%6.05%5.49%5.80%
2023------4.96%6.02%6.24%4.28%8.22%6.43%

Earnings Market Reaction data beyond 3 years is for subscribers only.

Unlock the full earnings market reaction history

Start 7-day free trial

Subscribe to unlock 17+ years of data and 90+ calculated metrics

Performance and Valuation Metrics

Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.

Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only column

Metric history beyond 3 years is for subscribers only.

Unlock 17+ years of history across 90+ calculated metrics

Start 7-day free trial
Subscriber-only column
Liquidity Ratios
Current Ratio
0.94
0.84
0.98
0.90
1.00
1.06
0.79
1.23
1.18
1.35
0.98
0.90
Quick Ratio
0.94
0.84
0.98
0.90
1.00
1.06
0.79
1.23
1.18
1.35
0.98
0.90
Working Capital
-197.00M
-567.00M
-76.00M
-307.00M
-3.00M
155.00M
-731.00M
512.00M
457.00M
796.00M
-56.00M
-270.00M
Leverage & Debt
Debt to Equity
2.93
3.01
3.11
3.03
3.42
3.28
3.30
3.03
3.23
3.20
3.37
3.19
Interest Coverage TTM
2.01
2.10
2.16
2.23
2.16
2.19
2.11
2.11
2.01
1.98
1.92
1.80
Debt Ratio
0.75
0.75
0.76
0.75
0.76
0.75
0.76
0.75
0.75
0.75
0.76
0.76
Efficiency & Turnover
Asset Turnover TTM
0.22
0.23
0.23
0.23
0.22
0.22
0.22
0.22
0.22
0.23
0.23
0.25
Per Share Metrics
Diluted EPS TTM
3.22
3.57
3.52
3.50
3.44
3.45
3.33
3.39
3.14
3.15
3.01
2.53
Free Cash Flow Per Share TTM
-8.39
-7.44
-6.11
-5.85
-2.99
-0.56
0.22
3.30
10.14
14.69
15.24
12.32
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
79.66%
79.86%
80.02%
80.23%
81.43%
82.03%
82.26%
82.08%
81.70%
81.67%
81.57%
81.03%
Operating Profit Margin TTM
18.95%
19.53%
20.22%
20.70%
20.00%
20.15%
19.79%
19.64%
18.53%
18.13%
16.55%
14.12%
Net Profit Margin TTM
11.35%
12.43%
12.43%
12.67%
12.85%
13.25%
13.21%
13.55%
12.64%
12.73%
11.75%
9.45%
Growth Metrics
Net Revenue Growth (1Y)
9.93%
13.31%
13.63%
10.96%
8.25%
5.87%
0.71%
-4.03%
-9.03%
-13.54%
-13.19%
-6.72%
Net Income Growth (1Y)
-2.91%
6.30%
6.85%
3.75%
10.04%
10.26%
13.23%
37.64%
28.75%
37.65%
6.05%
-42.63%
EPS Growth (1Y)
-6.57%
3.45%
5.85%
3.16%
9.82%
9.63%
10.79%
34.40%
25.72%
34.95%
5.43%
-42.91%
Valuation Metrics
P/E TTM
23.54
21.33
19.34
20.26
19.33
20.74
18.94
19.55
17.69
17.70
17.69
19.09
P/B TTM
2.26
2.33
2.11
2.26
2.37
2.57
2.28
2.29
2.07
2.08
2.06
1.81
P/S TTM
2.67
2.65
2.40
2.57
2.48
2.75
2.50
2.65
2.24
2.25
2.08
1.80
Market Cap
23.54B
23.40B
20.52B
21.29B
19.91B
21.40B
18.80B
19.80B
16.56B
16.57B
15.51B
14.05B
Enterprise Value
41.47B
40.59B
37.72B
37.70B
35.84B
37.08B
33.88B
34.94B
30.68B
30.74B
29.87B
28.23B
Calculated Values
Free Cash Flow TTM
-2.60B
-2.28B
-1.84B
-1.75B
-894.00M
-167.00M
64.00M
984.00M
3.02B
4.36B
4.44B
3.58B
Net Debt
17.93B
17.19B
17.19B
16.41B
15.94B
15.68B
15.08B
15.14B
14.13B
14.17B
14.35B
14.18B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

Subscribe to unlock 17+ years of data

Insider Transactions

2026-05-26Sale
Owner: Hofmeister, Brandon J.
Title: Senior Vice President
Shares: 3,000
Price/Share: $74.31
Value: $222,930.00
Shares Owned: 67,111
Relationship: Officer
Ownership: Direct
2026-03-02Sale
Owner: Mcintosh, Scott B
Title: VP, Controller, CAO
Shares: 1,750
Price/Share: $78.21
Value: $136,867.50
Shares Owned: 24,223
Relationship: Officer
Ownership: Direct
2026-02-27Sale
Owner: Hofmeister, Brandon J.
Title: Senior Vice President
Shares: 4,000
Price/Share: $78.24
Value: $312,960.00
Shares Owned: 70,670
Relationship: Officer
Ownership: Direct
2026-02-25Purchase
Owner: Leopold, Diane
Title: -
Shares: 2,000
Price/Share: $76.70
Value: $153,400.00
Shares Owned: 2,769
Relationship: Director
Ownership: Direct
2026-02-20Sale
Owner: Russell, John G
Title: -
Shares: 14,914
Price/Share: $75.76
Value: $1,129,884.64
Shares Owned: 131,568
Relationship: Director
Ownership: Direct

Subscribe to unlock 17+ years of data

Institutional Ownership

No data available for chart
2026-03-31
88.29%
Inst. Shares: 270,514,296
Shares Outstanding: 306,400,000
2025-12-31
93.38%
Inst. Shares: 280,501,822
Shares Outstanding: 300,400,000
2025-09-30
91.48%
Inst. Shares: 274,171,223
Shares Outstanding: 299,700,000
2025-06-30
92.90%
Inst. Shares: 277,313,740
Shares Outstanding: 298,500,000
2025-03-31
86.44%
Inst. Shares: 257,758,587
Shares Outstanding: 298,200,000

CMS ENERGY CORP (CMS) — SEC Financial Statements & Analysis

CMS ENERGY CORP (CMS) is a electric & other services combined company, incorporated in MI. CMS ENERGY CORP trades on NYSE as: CMS, CMSA, CMSC, CMSD, CMS-PC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), CMS ENERGY CORP reported a 9.93% year-over-year revenue growth, a Gross Profit Margin of 79.66% (TTM), a Debt-to-Equity ratio of 2.93x, a Price-to-Sales (P/S) ratio of 2.67x (TTM), a Price-to-Book (P/B) ratio of 2.26x (TTM), at a market cap of $23.54B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
9.93%
Gross Profit Margin TTM
79.66%
Debt To Equity
2.93x
P/S TTM
2.67x
P/B TTM
2.26x
Market Cap
$23.54B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CMS ENERGY CORP in?

CMS ENERGY CORP (CMS) operates in the Electric & Other Services Combined industry.

What is CMS's market cap?

CMS ENERGY CORP (CMS) has a market capitalization of $23.54B as of 2026-06-30.

What is CMS's P/E ratio?

CMS ENERGY CORP (CMS)'s trailing twelve month P/E ratio is 23.54x as of 2026-06-30.

What exchange does CMS trade on?

CMS ENERGY CORP (CMS) trades on the NYSE.

Where is CMS ENERGY CORP incorporated?

CMS ENERGY CORP is incorporated in MI.

Wall Street's data.
Main Street's price.