CMS
CMS ENERGY CORPCompany Information
- Company Name
- CMS ENERGY CORP
- CIK
- CIK0000811156
- Category
- Large accelerated filer
- Ticker: Exchange
- CMS: NYSE, CMSA: NYSE, CMSC: NYSE, CMSD: NYSE, CMS-PC: NYSE
- Fiscal Year End
- December 31
- Owner Organization
- 01 Energy & Transportation
- SIC
- 4931
- SIC Description
- Electric & Other Services Combined
- Ticker
- CMS
SEC filing data through
Insider Sentiment
- Last purchase
- 2026-07-31
- Last sale
- 2026-05-26
- Shares purchased (TTM)
- 2,200
- Shares sold (TTM)
- 31,884
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 307,025,068
- Shares outstanding
- 310,200,000
- Ownership
- 98.98%
Earnings Market Reaction
- Filing date
- 2026-07-28
- Price on filing date
- —
- 1-month reaction
- …
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 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 column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonrelated Party | -394 | 1,402 | 1,306 | -2 | -92 | 1,016 | 1,049 | -23 | -72 | 889 | 933 | -27 | ||||||
| Related Party | -394 | 1,402 | 1,306 | -2 | -92 | 1,016 | 1,049 | -23 | -72 | 889 | 933 | -27 | ||||||
Assets | ||||||||||||||||||
| Cash And Cash Equivalents At Carrying Value | 241 | 175 | 509 | 362 | 844 | 465 | 103 | 412 | 699 | 802 | 227 | 157 | ||||||
| Restricted Cash And Cash Equivalents At Carrying Value | 104 | 88 | 106 | 70 | 81 | 61 | 75 | 55 | 90 | 59 | 21 | 27 | ||||||
Assets Current | ||||||||||||||||||
| Assets Current | 2,866 | 3,025 | 3,472 | 2,745 | 3,193 | 2,782 | 2,790 | 2,703 | 2,985 | 3,091 | 2,839 | 2,449 | ||||||
| Energy Related Inventory Gas Stored Underground | 414 | 257 | 427 | 566 | 402 | 247 | 435 | 536 | 419 | 326 | 587 | 725 | ||||||
| Other Inventory Supplies | 345 | 338 | 329 | 307 | 305 | 310 | 299 | 294 | 280 | 273 | 267 | 255 | ||||||
| Energy Related Inventory Other Fossil Fuel | 65 | 47 | 35 | 30 | 29 | 23 | 35 | 54 | 80 | 78 | 84 | 80 | ||||||
| Regulatory Assets Current | 81 | 94 | 104 | 84 | 132 | 173 | 229 | 180 | 183 | 201 | 203 | 169 | ||||||
| Other Assets Current | 243 | 225 | 160 | 98 | 140 | 115 | 103 | 92 | 100 | 110 | 80 | 91 | ||||||
Property Plant And Equipment Gross | ||||||||||||||||||
| Accumulated Depreciation Depletion And Amortization Property Plant And Equipment | 10,496 | 10,384 | 10,135 | 10,051 | 9,865 | 9,798 | 9,569 | 9,312 | 9,160 | 9,006 | 9,007 | 8,929 | ||||||
| Construction In Progress Gross | 3,598 | 3,594 | 3,052 | 3,158 | 2,750 | 2,420 | 2,098 | 1,827 | 1,357 | 1,050 | 944 | 1,626 | ||||||
| Property Plant And Equipment Net | 32,329 | 31,533 | 30,680 | 29,690 | 28,847 | 27,903 | 27,461 | 26,671 | 25,877 | 25,280 | 25,072 | 24,694 | ||||||
Regulated Entity Other Assets Noncurrent | ||||||||||||||||||
| Regulatory Assets Noncurrent | 3,274 | 3,298 | 3,355 | 3,545 | 3,570 | 3,543 | 3,569 | 3,560 | 3,585 | 3,608 | 3,683 | 3,793 | ||||||
| Long Term Accounts Notes And Loans Receivable Net Noncurrent | 18 | 18 | 18 | 18 | 68 | 20 | 20 | 20 | 22 | 22 | 22 | 30 | ||||||
| Equity Method Investments | - | - | - | - | - | - | - | 74 | 73 | 73 | 76 | 74 | ||||||
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 63 | 65 | 61 | 64 | 62 | 71 | 69 | - | - | - | 76 | - | ||||||
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 2,053 | 2,005 | 1,957 | 1,744 | 1,705 | 1,666 | 1,627 | 1,591 | 1,550 | 1,509 | 1,468 | 1,307 | ||||||
| Other Assets Noncurrent | 302 | 341 | 398 | 202 | 254 | 310 | 384 | 198 | 263 | 318 | 357 | 166 | ||||||
| Assets | 40,905 | 40,285 | 39,941 | 38,008 | 37,699 | 36,295 | 35,920 | 34,817 | 34,355 | 33,901 | 33,517 | 32,513 | ||||||
Liabilities And Stockholders Equity | ||||||||||||||||||
| Notes Payable Current | - | - | 0 | 0 | 0 | 0 | 65 | 0 | 0 | 0 | 93 | 247 | ||||||
Liabilities Current | ||||||||||||||||||
| Liabilities Current | 3,063 | 3,592 | 3,548 | 3,052 | 3,196 | 2,627 | 3,521 | 2,191 | 2,528 | 2,295 | 2,895 | 2,719 | ||||||
| Interest And Dividends Payable Current | 183 | 207 | 182 | 204 | 170 | 168 | 156 | 161 | 155 | 169 | 142 | 157 | ||||||
| Taxes Payable Current | 498 | 516 | 708 | 200 | 461 | 474 | 654 | 183 | 449 | 455 | 612 | 159 | ||||||
| Regulatory Liability Current | 96 | 87 | 85 | 89 | 93 | 99 | 111 | 120 | 120 | 72 | 56 | 75 | ||||||
| Other Liabilities Current | 187 | 184 | 185 | 239 | 197 | 226 | 209 | 213 | 186 | 148 | 149 | 163 | ||||||
| Long Term Debt Noncurrent | 18,172 | 17,456 | 17,807 | 16,774 | 16,781 | 16,148 | 15,194 | 15,548 | 14,917 | 14,973 | 14,508 | 14,114 | ||||||
| Finance Lease Liability Noncurrent | 259 | 262 | 135 | 137 | 139 | 111 | 112 | 112 | 79 | 61 | 62 | 63 | ||||||
| Regulatory Liability Noncurrent | 4,152 | 4,154 | 4,091 | 4,104 | 4,164 | 4,173 | 4,067 | 4,075 | 4,080 | 3,968 | 3,894 | 3,889 | ||||||
Liabilities Noncurrent | ||||||||||||||||||
| Liabilities Noncurrent | 27,443 | 26,642 | 26,682 | 25,525 | 25,532 | 24,745 | 23,651 | 23,985 | 23,286 | 23,100 | 22,497 | 22,036 | ||||||
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 93 | 94 | 95 | 92 | 93 | 95 | 96 | 102 | 103 | 104 | 106 | 105 | ||||||
| Asset Retirement Obligations Noncurrent | 808 | 797 | 792 | 731 | 747 | 725 | 728 | 761 | 769 | 777 | 771 | 768 | ||||||
| Accumulated Deferred Investment Tax Credit | 116 | 117 | 118 | 119 | 120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | ||||||
| Deferred Income Tax Liabilities Net | 3,399 | 3,345 | 3,252 | 3,172 | 3,079 | 3,002 | 2,925 | 2,837 | 2,785 | 2,679 | 2,615 | 2,541 | ||||||
| Other Liabilities Noncurrent | 444 | 417 | 392 | 396 | 409 | 370 | 407 | 427 | 429 | 413 | 415 | 429 | ||||||
Stockholders Equity Including Portion Attributable To Noncontrolling Interest | ||||||||||||||||||
| Common Stock Value | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||||
| Additional Paid In Capital Common Stock | 7,036 | 6,669 | 6,510 | 6,355 | 5,998 | 5,975 | 6,009 | 6,001 | 5,991 | 5,975 | 5,705 | 5,515 | ||||||
Stockholders Equity | ||||||||||||||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -35 | -35 | -36 | -41 | -41 | -41 | -41 | -45 | -45 | -45 | -46 | -51 | ||||||
| Stockholders Equity | 10,399 | 10,051 | 9,711 | 9,431 | 8,394 | 8,335 | 8,748 | 8,111 | 8,003 | 7,946 | 7,544 | 7,186 | ||||||
| Retained Earnings Accumulated Deficit | 2,546 | 2,605 | 2,443 | 2,323 | 2,210 | 2,174 | 2,035 | 1,928 | 1,830 | 1,789 | 1,658 | 1,495 | ||||||
| Preferred Stock Value | 224 | 224 | 224 | 224 | 224 | 224 | 224 | 224 | 224 | 224 | 224 | 224 | ||||||
| Minority Interest | 625 | 585 | 567 | 567 | 577 | 588 | 518 | 530 | 538 | 560 | 581 | 572 | ||||||
| Liabilities And Stockholders Equity | 40,905 | 40,285 | 39,941 | 38,008 | 37,699 | 36,295 | 35,920 | 34,817 | 34,355 | 33,901 | 33,517 | 32,513 | ||||||
| Common Stock Shares Authorized | 700 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | - | ||||||
| Series C Preferred Stock Depositary Shares | 0 | 9 | 0 | - | - | 9 | 9 | 0 | 9 | - | 9 | - | ||||||
| Allowance For Doubtful Accounts Receivable Current | 32 | 32 | 27 | 28 | 30 | 29 | 23 | 22 | 23 | 23 | 21 | 26 | ||||||
| Shares Outstanding | 314 | 309 | 306 | 304 | 299 | 299 | 299 | 299 | 299 | 299 | 294 | 292 | ||||||
| Preferred Stock Shares Authorized | - | - | 10 | 9 | 9 | - | 10 | - | - | - | 10 | - | ||||||
| Preferred Stock Shares Outstanding | - | - | - | 9 | 9 | - | - | - | - | - | - | - | ||||||
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Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
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Start 7-day free trialCMS 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. CMS ENERGY CORP (CMS)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-28. Based on that filing, CMS ENERGY CORP carries a market cap of $23.54B, a P/E ratio of 23.54x, a P/B ratio of 2.26x, a P/S ratio of 2.67x, an enterprise value of $41.47B, and an EV/EBITDA multiple of 13.73x. On profitability, it posts a gross margin of 79.66%, an operating margin of 18.95%, a net margin of 11.35%, a Return on Equity (ROE) of 10.64%, a Return on Assets (ROA) of 2.54%, and a Return on Invested Capital (ROIC) of 4.96%. Per share, it reports EPS of $3.22, diluted EPS of $3.22, free cash flow per share of $-8.39, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of 9.93% year-over-year, net income growth of -2.91% year-over-year, and EPS growth of -6.57% year-over-year. On the balance sheet, it maintains a current ratio of 0.94x, a quick ratio of 0.94x, working capital of $-197.00M, a debt-to-equity ratio of 2.93x, a debt ratio of 0.75, an interest coverage ratio of 2.01x, free cash flow of $-2.60B (TTM), and net debt of $17.93B. Figures sourced from SEC EDGAR.
- Market Cap
- $23.54B
- P/E TTM
- 23.54x
- EPS TTM
- $3.22
- P/B TTM
- 2.26x
- ROE TTM
- 10.64%
- ROA TTM
- 2.54%
- Debt To Equity
- 2.93x
- Free Cash Flow TTM
- $-2.60B
- Net Revenue TTM Growth 1Y
- 9.93%
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 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.
When was CMS ENERGY CORP (CMS)'s most recent SEC filing?
CMS ENERGY CORP (CMS)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-28.
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 is CMS's EPS (earnings per share)?
CMS ENERGY CORP (CMS)'s trailing twelve month EPS is $3.22 as of 2026-06-30.
What is CMS's ROE (return on equity)?
CMS ENERGY CORP (CMS)'s trailing twelve month Return on Equity (ROE) is 10.64% as of 2026-06-30.
What is CMS's ROA (return on assets)?
CMS ENERGY CORP (CMS)'s trailing twelve month Return on Assets (ROA) is 2.54% as of 2026-06-30.
What is CMS's ROIC (return on invested capital)?
CMS ENERGY CORP (CMS)'s trailing twelve month Return on Invested Capital (ROIC) is 4.96% as of 2026-06-30.
What is CMS's EV/EBITDA?
CMS ENERGY CORP (CMS)'s trailing twelve month EV/EBITDA is 13.73x as of 2026-06-30.