CMS Energy CMS
- Market cap
- $21.8B
- PE
- 20.9×
- 10y median 21.8×
- Forward PE
- 16.8×
- 10y median 21.7×
- Price to sales
- 2.5×
- EV/EBIT
- 24.7×
- Revenue, 12 months
- $8.8B
- +10% on a year ago
- Net margin
- 11.6%
- Free cash flow yield
- n/m
- not a meaningful number
CMS Energy trades at 20.9× trailing earnings, cheaper than 65% of the last ten years. Revenue was $8.8B over the last twelve months, up 10% on a year earlier with a 12% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.7B−17% | $1.9B−14% | $2.2B−5% | $1.6B+3% | $1.7B+4% | $2B+2% | $2.4B+13% | $1.8B+14% | $2B+16% | $2.2B+12% | $2.7B+12% | $1.8B−1% | |
| Cost of revenue | $419M−39% | $544M−38% | $665M−25% | $415M−3% | $394M−6% | $499M−8% | $763M+15% | $563M+36% | $555M+41% | $634M+27% | $967M+27% | $557M−1% |
| Gross profit | $1.3B−6% | $1.4B+0% | $1.5B+8% | $1.2B+6% | $1.3B+8% | $1.5B+6% | $1.7B+11% | $1.3B+7% | $1.5B+9% | $1.6B+7% | $1.8B+5% | $1.3B−0% |
| $271M+5% | $406M+50% | $412M+31% | $283M+16% | $367M+35% | $425M+5% | $494M+20% | $317M+12% | $481M+31% | $435M+2% | $490M−1% | $264M−17% | |
| Interest expense | $164M+26% | $172M+24% | $177M+20% | $173M+8% | $178M+9% | $180M+5% | $186M+5% | $199M+15% | $203M+14% | $201M+12% | $203M+9% | $210M+6% |
| Pre-tax income | $184M+1% | $317M+72% | $321M+44% | $223M−3% | $273M+48% | $306M−4% | $358M+12% | $255M+14% | $340M+25% | $295M−4% | $362M+1% | $129M−49% |
| $11M−42% | $66M+214% | $58M+100% | $41M+0% | $26M+136% | $51M−23% | $63M+9% | $62M+51% | $68M+162% | $53M+4% | $85M+35% | $33M−47% | |
| Net income | $176M+7% | $309M+81% | $287M+41% | $198M+0% | $253M+44% | $265M−14% | $304M+6% | $201M+2% | $277M+10% | $289M+9% | $340M+12% | $120M−40% |
| $0.60+7% | $1.04+79% | $0.96+39% | $0.65−3% | $0.84+40% | $0.88−15% | $1.01+5% | $0.66+2% | $0.92+10% | $0.94+7% | $1.10+9% | $0.37−44% | |
| 291.4M+0% | 292.9M+1% | 297.2M+2% | 298.5M+3% | 298.8M+3% | 298.6M+2% | 299.1M+1% | 299.1M+0% | 300.4M+1% | 305.7M+2% | 307.1M+3% | 310.8M+4% |
Gross profit: 36 periods, Q3 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: Q1 FY14: not printed by the filing, worked out from its own lines.
EPS, diluted: Q4 FY09 and Q4 FY10: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 4 periods, Q4 FY22 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 15 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY17: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $2.2B | $2.2B to $2.3B | $1.35 | $1.14 to $1.47 | 8 |
| Q4 FY26 | $2.3B | $2.2B to $2.4B | $1.03 | $0.94 to $1.19 | 7 |
| Q1 FY27 | $2.8B | $2.7B to $2.9B | $1.19 | $1.12 to $1.26 | 2 |
| Q2 FY27 | $2B | $1.9B to $2B | $0.60 | $0.57 to $0.64 | 2 |
| Q3 FY27 | $2.3B | $2.2B to $2.4B | $1.27 | $1.19 to $1.33 | 2 |
| Q4 FY27 | $3.6B | $3.5B to $3.8B | $1.11 | $1.04 to $1.17 | 5 |
| Q1 FY28 | $2.2B | $2.1B to $2.2B | $1.33 | $1.25 to $1.41 | 6 |
| Q2 FY28 | $1.7B | $1.6B to $1.7B | $0.64 | $0.60 to $0.67 | 5 |
Peers
Companies in Regulated Electric nearest CMS Energy's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CMSCMS Energy | $21.8B | 20.9× | 21.8× | 16.8× | 2.5× | +10% | 11.6% |
| EIXEdison International | $22.1B | 5.9× | 26.5× | 9.2× | 1.1× | +11% | 19.3% |
| EVRGEvergy | $19.5B | 21.4× | 20.1× | n/m | 3.2× | +4% | 15.2% |
| ESEversource Energy | $25.4B | 17.5× | 21.0× | 14.3× | 1.8× | +8% | 10.4% |
| PPLPPL | $26.3B | 20.7× | 18.1× | 16.9× | 2.8× | +7% | 13.5% |
| LNTAlliant Energy | $18.1B | 22.0× | 21.2× | n/m | 4.1× | +7% | 18.4% |
| FEFirstEnergy | $26.7B | 24.5× | 22.8× | 16.1× | 1.7× | +13% | 6.9% |
| CNPCenterPoint Energy | $27.1B | 24.2× | 21.3× | 20.5× | 2.8× | +7% | 11.6% |
| DTEDTE Energy | $27.4B | 20.8× | 17.7× | 16.2× | 1.7× | +16% | 8.0% |
| AEEAmeren | $29.9B | 19.0× | 21.9× | 19.6× | 3.4× | +4% | 17.9% |
| PCGPG&E | $33.8B | 9.2× | 17.2× | 7.5× | 1.3× | +6% | 12.3% |
| Peer median | $26.5B | 20.8× | 21.1× | 16.1× | 2.3× | +7% | 12.9% |
More on CMS Energy
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 11Electric utilities with the lowest PEG ratio
- #3of 15Utility stocks with the lowest PEG ratio
- #10of 33Electric utilities cheapest against their own PE history
- #10of 26Utility stocks with the highest dividend yields
- #8of 20Electric utilities with the lowest forward PE
- #9of 20Electric utilities with the fastest expected revenue growth
- #10of 20Electric utilities with the highest dividend yields
Its groups
About
- Industry
- Regulated Electric
- Sector
- Utilities
Valuation data, not investment advice. Prices as of .