NYSE · CIK 0000811156 · ELECTRIC & OTHER SERVICES COMBINED
CMS ENERGY CORPORATION
CMS chart by TradingView
PRICE HISTORY
LIVE · NYSECMS chart by TradingView
- REVENUE FY2025 ENDED DEC 2025
- $8.5B
- EBITDA
- $3.0B
- FREE CASH FLOW
- —
- EPS
- $3.56
- GROSS MARGIN
- —
- ROIC
- 3.91%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET
VALUATION
what you pay for a unit of the business7 CHARTS⤢
P / E RATIO (TTM)
23.2x
+15%12.9x29.3x
⤢
P / SALES (TTM)
2.7x
+44%1.8x2.9x
⤢
P / BOOK
2.4x
-12%2.2x3.7x
⤢
EV / EBITDA (TTM)
14.1x
+35%10.1x14.9x
⤢
EV / REVENUE (TTM)
4.8x
+44%3.3x5.1x
⤢
FCF YIELD (TTM)
—
-5.3pp-8.27%1.58%
⤢
DIVIDEND YIELD (TTM)
2.91%
+0.0pp2.35%3.62%
GROWTH
is the business getting bigger5 CHARTS⤢
REVENUE
$1.8B
+15%⤢
EBITDA (DERIVED)
$0.6B
+3%⤢
NET INCOME
$0.1B
-35%⤢
EPS (DILUTED)
$0.39
-42%⤢
REVENUE GROWTH YOY
-0.49%
-7.3pp-19.01%23.23%
PROFITABILITY & RETURNS
what survives to the bottom, and what it earns on capital4 CHARTS⤢
FCF MARGIN
-18.86%
-2.0pp-51.48%19.67%
⤢
RETURN ON CAPITAL
3.59%
-0.7pp3.18%7.27%
⤢
RETURN ON EQUITY (TTM)
10.50%
-3.1pp9.72%20.40%
MARGIN FUNNEL
every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the businessGROSS MARGIN—
OPERATING MARGIN14.43%
NET MARGIN6.56%
FCF MARGIN-18.86%
CASH & CAPITAL
where the money actually goes5 CHARTS⤢
FREE CASH FLOW
$-0.3B
$0.1B⤢
STOCK-BASED COMP
—
⤢
CAPITAL EXPENDITURE
$1.0B
+138%⤢
SHARES OUTSTANDING
0.31B
+11%⤢
DIVIDEND / SHARE
$0.57
+84%BALANCE SHEET
how much cushion there is3 CHARTS⤢
CASH & EQUIVALENTS
$0.2B
-29%⤢
TOTAL DEBT
$19.0B
+96%⤢
DEBT / EBITDA (TTM)
6.3x
+31%4.6x7.0x
OWNERSHIP
10 LARGEST HOLDERS · WHO OWNS THE FLOATINSTITUTIONS 99.46%INSIDERS 0.55%OTHER / RETAIL 0.00%1,142 INSTITUTIONAL FILERS
| HOLDER | % HELD | SHARES | VALUE | CHANGE |
|---|---|---|---|---|
| Blackrock Inc. | 10.70% | 33.6M | $2.38B | +2.9% |
| Vanguard Capital Management LLC | 6.34% | 19.9M | $1.41B | NEW |
| Vanguard Portfolio Management LLC | 5.99% | 18.8M | $1.33B | NEW |
| State Street Corporation | 5.77% | 18.1M | $1.29B | +1.8% |
| JPMORGAN CHASE & CO | 5.05% | 15.8M | $1.13B | -5.1% |
| Geode Capital Management, LLC | 2.72% | 8.5M | $605.8M | +2.5% |
| Dz Bank Ag Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | 2.59% | 8.1M | $577.8M | +17.0% |
| Deutsche Bank AG | 2.47% | 7.7M | $550.1M | +6.8% |
| Invesco Ltd. | 2.44% | 7.6M | $543.0M | +2.2% |
| Massachusetts Financial Services Co. | 2.31% | 7.2M | $514.4M | -5.1% |
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.