NYSE · Regulated Electric

CMS (CMS) Stock

$67.96 -0.15% NYSE: CMS Utilities

Valuation

MetricValue
Price$67.96
Market Cap$21.31B
P/E Ratio21.10
P/B Ratio2.45
P/S Ratio2.70
EPS (TTM)$3.53
52-Week High$80.36
52-Week Low$67.76
Dividend Yield2.96%

Financials & Margins

MetricValue
ROE12.35%
ROA2.75%
ROCE4.70%
Gross Margin64.61%
Operating Margin19.53%
Net Margin12.55%
Debt/Equity2.02
Current Ratio0.84

Annual Financials (USD)

Metric20212022202320242025
Revenue$7.3B$8.6B$7.5B$7.5B$8.5B
Operating Profit$1.1B$1.2B$1.2B$1.5B$1.7B
Net Profit$1.4B$837.0M$887.0M$1.0B$1.1B
EPS$4.66$2.85$3.01$3.33$3.53
Op Margin15.6%14.2%16.6%19.8%20.2%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$28.8B$31.4B$33.5B$35.9B$40.4B
Total Liabilities$21.6B$23.8B$25.4B$27.2B$30.7B
Cash$452.0M$164.0M$227.0M$103.0M$615.0M
Borrowings$12.5B$14.3B$15.7B$16.6B$18.9B

Latest News

Will CMS Energy (CMS) Beat Estimates Again in Its Next Earnings Report? Zacks · Jul 14, 2026 Barclays Adjusts CMS Energy Price Target to $81 From $79, Maintains Overweight Rating MT Newswires · Jul 14, 2026 CMS Energy (CMS) Faces Storm And Rate Questions, Is The 6% Undervaluation Enough? Simply Wall St. · Jul 10, 2026 Truist Securities Adjusts CMS Energy Price Target to $85 From $83 MT Newswires · Jul 10, 2026 CMS Energy's Q2 Earnings Likely Weighed Down by Unfavorable Weather, UBS Securities Says MT Newswires · Jul 9, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$1.8B$855.0M$2.3B$2.4B$2.2B
Investing Cash Flow$-3.3B$-4.8B$-6.6B$-6.1B$-7.9B
Financing Cash Flow$-137.0M$-11.0M$32.0M$-33.0M$-20.0M
Net Cash Flow$427.0M$-294.0M$66.0M$-70.0M$437.0M
Free Cash Flow$-257.0M$-1.5B$-910.0M$-648.0M$-1.6B

Valuation & Return Ratios

MetricValue
PEG Ratio2.64
EV / EBITDA13.19
FCF Yield-8.55%
Quick Ratio0.66
Interest Coverage2.14
Return 1Y-1.22%
Return 3Y31.82%
Return 5Y26.02%

Ownership

Insiders Held0.55%
Institutions Held100.72%
Institutions Float Held101.28%
Institutional HolderSharesReport Date
Blackrock Inc.33,563,5742026-03-31
Vanguard Capital Management LLC19,877,2972026-03-31
Vanguard Portfolio Management LLC18,793,3452026-03-31
State Street Corporation18,099,0332026-03-31
JPMORGAN CHASE & CO15,839,6842026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
DTE $136.06 +0.32% 21.33 $28.31B 3.43%
EBRAXIA Energia S.A. $9.20 -2.65% 12.98 $20.68B 14.89%
EBR-BCentrais Elétricas Brasileiras S.A. - Eletrobrás $11.68 +0.69% -18.50 $24.82B 13.27%
EIX $58.80 +8.93% 8.24 $22.63B 4.61%
EVRG $81.52 +0.62% 20.06 $18.79B 3.45%

About CMS

CMS is led by CEO Garrick J. Rochow, employs 8,324 people, headquartered in Jackson, US, publicly traded since 1987.

CMS stock trades at $67.96 with a market capitalization of $21.31B. The stock is valued at a price-to-earnings (P/E) ratio of 21.10, price-to-book of 2.45, price-to-sales of 2.70. Over the past 52 weeks the stock has ranged between $67.76 and $80.36, and currently trades 15.4% below its 52-week high. It pays a dividend yielding 2.96%.

On profitability, CMS generates a return on equity (ROE) of 12.35%, above the typical market average, return on capital employed of 4.70%, an operating margin of 19.53%, a net profit margin of 12.55%.

In its most recent fiscal year, CMS reported annual revenue of $8.5B, net profit of $1.1B, revenue has compounded at 5.9% a year over the last five years, profit at 7.2% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 2.02 — a leveraged balance sheet worth monitoring, a current ratio of 0.84, total assets of $40.4B, $615.0M in cash and equivalents.

CMS has an average daily trading volume of 3,430,545 shares, a beta of 0.34 (less volatile than the overall market).

Related Utilities Stocks

GEV Renewable Utilities $898.53 +0.00% NEE Regulated Electric $82.93 +0.72% SO Regulated Electric $88.09 +0.10% CEG Renewable Utilities $280.31 +2.02% DUK Regulated Electric $120.39 +0.40% AEP Regulated Electric $122.96 +0.43% D Regulated Electric $66.36 +0.53% SRE Diversified Utilities $84.26 +3.13% ETR Regulated Electric $107.02 +0.67% XEL Regulated Electric $75.89 +0.26% VST Independent Power Producers $138.08 +0.52% EXC Regulated Electric $43.83 +0.25%

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Screens featuring this stock

High ROE Utilities StocksLow P/E Utilities StocksHigh Net Margin Utilities StocksDividend Utilities StocksLow Debt Utilities StocksNYSE High ROE StocksAll stock screens
Run Stock Screener Investing Guides