Consumers Energy Company logo

Consumers Energy Company

CMS-PB

NYSEUtilitiesRegulated Electric

Previous close

$76.5903

−$0.1397 · -0.18%

Aug 27, 1:52 PM ET

After-hours

$76.5903

$0.00 · 0.00%

Aug 27, 6:00 PM ET

CMS-PB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

81

Deep Value

Momentum

35

Weakening

Sentiment

56

Mixed

Risk resilience

76

Moderate Risk

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Company profile

Company website

Consumers Energy Company operates as a dual-utility provider, supplying both electricity and natural gas across Michigan. The firm's operations are segmented into three core divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility division is responsible for power generation, procurement, transmission, delivery, and sales. It utilizes a diverse energy mix, including coal, wind, natural gas, various renewable sources, oil, and nuclear power. Its extensive electrical network comprises approximately 4,636 miles of high-voltage overhead distribution lines, 23 miles of high-voltage underground distribution lines, 82,474 miles of standard overhead distribution lines, 9,395 miles of underground distribution lines, 1,093 substations with a combined transformer capacity of 26 million, and three battery storage facilities offering 2 MWh of capacity. The Gas Utility division handles the acquisition, transport, storage, distribution, and sale of natural gas. Its infrastructure features 2,392 miles of transmission lines, 15 natural gas storage facilities, 28,065 miles of distribution mains, and 8 compressor stations totaling 149,817 installed and available horsepower. Consumers Energy serves a broad clientele, encompassing residential homes, businesses, and various industrial enterprises. Established in 1886 and headquartered in Jackson, Michigan, the company is a wholly-owned subsidiary of CMS Energy Corporation.

Industry
Regulated Electric
Sector
Utilities
Headquarters
US
CEO
Garrick J. Rochow
Listed since
Nov 7, 1972
Employees
8,090

Market position

52-week range

Current $76.5903

Open
$76.5903
Previous close
$76.73
Volume
818
1.86× average
Average volume
439
Average daily volume
Market cap
22.85B USD
Beta
0.18
Market reference 1
50-day average
$76.1556
+0.57% above average
200-day average
$78.042
-1.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
39.34B USD
P/E (TTM)
20.22×
P/B (TTM)
2.1×
P/S (TTM)
2.43×
EV / EBITDA
12.34×
Earnings yield
5.10%
Free cash flow yield
-7.56%
Dividend yield
3.30%

Profitability & efficiency

Gross margin
69.67%
Operating margin
18.95%
Net margin
11.64%
Return on equity
11.71%
Return on assets
2.65%
Return on invested capital
3.67%

Financial health

Debt / equity
1.97×
Current ratio
0.98×
Altman Z-score
9.5
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%46%25%5%Gross margin, FY2021: 36.14%Gross margin, FY2022: 32.13%Gross margin, FY2023: 38.35%Gross margin, FY2024: 42.70%Gross margin, FY2025: 60.91%Operating margin, FY2021: 15.64%Operating margin, FY2022: 14.24%Operating margin, FY2023: 16.55%Operating margin, FY2024: 19.79%Operating margin, FY2025: 20.22%Net margin, FY2021: 18.46%Net margin, FY2022: 9.74%Net margin, FY2023: 11.89%Net margin, FY2024: 13.35%Net margin, FY2025: 12.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.14%. Gross margin FY2022 32.13%. Gross margin FY2023 38.35%. Gross margin FY2024 42.70%. Gross margin FY2025 60.91%. Operating margin FY2021 15.64%. Operating margin FY2022 14.24%. Operating margin FY2023 16.55%. Operating margin FY2024 19.79%. Operating margin FY2025 20.22%. Net margin FY2021 18.46%. Net margin FY2022 9.74%. Net margin FY2023 11.89%. Net margin FY2024 13.35%. Net margin FY2025 12.54%.

Income trends

Revenue

8.54B USD+13.63%

Operating income

1.73B USD+16.14%

Net income

1.07B USD+6.78%
Income trends across reported periods9.37B USD6.27B USD3.16B USD61.1M USDRevenue, FY2021: 7.33B USDRevenue, FY2022: 8.6B USDRevenue, FY2023: 7.46B USDRevenue, FY2024: 7.52B USDRevenue, FY2025: 8.54B USDOperating income, FY2021: 1.15B USDOperating income, FY2022: 1.22B USDOperating income, FY2023: 1.24B USDOperating income, FY2024: 1.49B USDOperating income, FY2025: 1.73B USDNet income, FY2021: 1.35B USDNet income, FY2022: 837M USDNet income, FY2023: 887M USDNet income, FY2024: 1B USDNet income, FY2025: 1.07B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.33B USD. Revenue FY2022 8.6B USD. Revenue FY2023 7.46B USD. Revenue FY2024 7.52B USD. Revenue FY2025 8.54B USD. Operating income FY2021 1.15B USD. Operating income FY2022 1.22B USD. Operating income FY2023 1.24B USD. Operating income FY2024 1.49B USD. Operating income FY2025 1.73B USD. Net income FY2021 1.35B USD. Net income FY2022 837M USD. Net income FY2023 887M USD. Net income FY2024 1B USD. Net income FY2025 1.07B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue8.54B USD7.52B USD7.46B USD8.6B USD7.33B USD
Cost of goods sold3.34B USD4.31B USD4.6B USD5.83B USD4.68B USD
Gross profit5.2B USD3.21B USD2.86B USD2.76B USD2.65B USD
Selling, general, and administrative3.47B USD
Operating expenses3.47B USD1.72B USD1.63B USD1.54B USD1.5B USD
Interest income3M USD
Interest expense789M USD708M USD643M USD519M USD500M USD
Depreciation and amortization1.15B USD1.24B USD1.18B USD1.13B USD1.11B USD
Operating income1.73B USD1.49B USD1.24B USD1.22B USD1.15B USD
Net income1.07B USD1B USD887M USD837M USD1.35B USD

Company facts updated Aug 28, 2026.

Earnings

Latest EPS result
0.43

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.270.970.670.37Q3 '24Q4 '24Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q3 2024, reported Jul 26, 2024: actual 0.7, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 0.901, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 11, 2025: actual 0.986, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 23, 2025: actual 1.08, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 29, 2025: actual 0.986, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 0.76, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 22, 2026: actual 1.21, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 28, 2026: actual 0.43, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.84B2.37B1.9B1.42BQ3 '24Q4 '24Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q3 2024, reported Jul 26, 2024: actual 1.53B USD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 1.66B USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 11, 2025: actual 2.22B USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 23, 2025: actual 2.35B USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 29, 2025: actual 2.02B USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 2.42B USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 22, 2026: actual 2.73B USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 28, 2026: actual 1.83B USD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$4.50

2025 complete year0.0% since 2021

2026 partial: $2.25

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

$1.125

Quarterly

Record Sep 2, 2026 · Payment Oct 1, 2026

Dividend

Ex-dividend Jun 1, 2026

$1.125

Quarterly

Record Jun 1, 2026 · Payment Jul 1, 2026

Dividend

Ex-dividend Mar 2, 2026

$1.125

Quarterly

Record Mar 2, 2026 · Payment Apr 1, 2026

Dividend

Ex-dividend Dec 1, 2025

$1.125

Quarterly

Record Dec 1, 2025 · Payment Jan 1, 2026

Dividend

Ex-dividend Sep 2, 2025

$1.125

Quarterly

Record Sep 2, 2025 · Payment Oct 1, 2025

Dividend

Ex-dividend Jun 2, 2025

$1.125

Quarterly

Record Jun 2, 2025 · Payment Jul 1, 2025

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