
CMS Energy Corporation
CMSNYSEUtilitiesRegulated Electric
Latest quote
$68.27
−$1.56 · -2.23%
CMS company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
81
Deep Value
Momentum
44
Neutral
Sentiment
64
Bullish
Risk resilience
83
Low Risk
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Company profile
Company websiteCMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
- Industry
- Regulated Electric
- Sector
- Utilities
- Headquarters
- US
- CEO
- Garrick J. Rochow
- Listed since
- Feb 21, 1973
- Employees
- 8,350
Market position
- Volume
- 2.38M
- 0.7× average
- Average volume
- 3.42M
- Average daily volume
- Market cap
- 21.41B USD
- Beta
- 0.34
- Market reference 1
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 39.34B USD
- EV / EBITDA
- 12.34×
- Earnings yield
- 5.10%
- Free cash flow yield
- -7.56%
Profitability & efficiency
- Return on equity
- 11.71%
- Return on assets
- 2.65%
- Return on invested capital
- 3.67%
Financial health
- Current ratio
- 0.98×
- Altman Z-score
- 0.87
- Piotroski F-score
- 5 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 8.54B USD | 7.52B USD | 7.46B USD | 8.6B USD | 7.33B USD |
| Cost of goods sold | 3.34B USD | 4.31B USD | 4.6B USD | 5.83B USD | 4.68B USD |
| Gross profit | 5.2B USD | 3.21B USD | 2.86B USD | 2.76B USD | 2.65B USD |
| Selling, general, and administrative | 3.47B USD | — | — | — | — |
| Operating expenses | 3.47B USD | 1.72B USD | 1.63B USD | 1.54B USD | 1.5B USD |
| Interest income | — | — | — | — | 3M USD |
| Interest expense | 789M USD | 708M USD | 643M USD | 519M USD | 500M USD |
| Depreciation and amortization | 1.15B USD | 1.24B USD | 1.18B USD | 1.13B USD | 1.11B USD |
| Operating income | 1.73B USD | 1.49B USD | 1.24B USD | 1.22B USD | 1.15B USD |
| Net income | 1.07B USD | 1B USD | 887M USD | 837M USD | 1.35B USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 82%
- 9 beats, 0 misses, 2 met estimates
- Average EPS surprise
- +3.35%
- 11 comparable reports
- Latest EPS result
- 0.37
- Estimate 0.36 · Beat by 3.12%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$81.50
19.38% upsidePrice history unavailable
High $86.00Average $81.50Low $78.00Recent analyst actions
CMS news
ETFs holding CMS
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI707.79M0.03%2.3T USD0.03%$378.24+0.44%
Vanguard S&P 500 ETFVOO583.77M0.03%1.7T USD0.03%$703.71+0.39%
Vanguard Morningstar Mid-Cap ETFVO481.3M0.21%224.7B USD0.03%$82.97+0.53%
State Street Utilities Select Sector SPDR ETFXLU354.99M1.58%22.48B USD0.08%$42.77-2.28%
iShares Core S&P 500 ETFIVV290.79M0.03%891.84B USD0.03%$769.31+0.39%
State Street SPDR S&P 500 ETFSPY267.07M0.03%817.87B USD0.09%$765.72+0.41%
Vanguard Morningstar Value ETFVTV211.77M0.08%256.5B USD0.03%$226.4+0.54%
iShares Select Dividend ETFDVY209.66M0.88%23.86B USD0.38%$164.09-0.16%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 707.79M
- Weight
- 0.03%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Vanguard S&P 500 ETFVOO- Market value
- 583.77M
- Weight
- 0.03%
- AUM
- 1.7T USD
- Expense ratio
- 0.03%
- Price / 1D
- $703.71+0.39%
Vanguard Morningstar Mid-Cap ETFVO- Market value
- 481.3M
- Weight
- 0.21%
- AUM
- 224.7B USD
- Expense ratio
- 0.03%
- Price / 1D
- $82.97+0.53%
State Street Utilities Select Sector SPDR ETFXLU- Market value
- 354.99M
- Weight
- 1.58%
- AUM
- 22.48B USD
- Expense ratio
- 0.08%
- Price / 1D
- $42.77-2.28%
iShares Core S&P 500 ETFIVV- Market value
- 290.79M
- Weight
- 0.03%
- AUM
- 891.84B USD
- Expense ratio
- 0.03%
- Price / 1D
- $769.31+0.39%
State Street SPDR S&P 500 ETFSPY- Market value
- 267.07M
- Weight
- 0.03%
- AUM
- 817.87B USD
- Expense ratio
- 0.09%
- Price / 1D
- $765.72+0.41%
Vanguard Morningstar Value ETFVTV- Market value
- 211.77M
- Weight
- 0.08%
- AUM
- 256.5B USD
- Expense ratio
- 0.03%
- Price / 1D
- $226.4+0.54%
iShares Select Dividend ETFDVY- Market value
- 209.66M
- Weight
- 0.88%
- AUM
- 23.86B USD
- Expense ratio
- 0.38%
- Price / 1D
- $164.09-0.16%
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