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CMS Energy CMS EBITDA margin

EBITDA margin at other companies

Nextra Energy logo
Nextra EnergyNEE
54.6%+1.7pp
DTE Energy logo
DTE EnergyDTE
24.4%-4.6pp
PG&E logo
PG&EPCG
37.6%+2.2pp
Entergy logo
EntergyETR
47.3%+9.3pp
Duke Energy logo
Duke EnergyDUK
49.8%+3.1pp
CNP
CenterPoint EnergyCNP
39.4%+0.7pp

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$22.65B+6.4%
Enterprise value$41.5B+9.9%
P/E20.5×-0.4×
P/S2.6×-0.2×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from CMS Energy’s reported figures.

Based on trailing twelve months.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's EBITDA margin?
CMS Energy (CMS) reported EBITDA margin of 34.6% in Q1 2026.
How has CMS Energy's EBITDA margin changed year-over-year?
CMS Energy's EBITDA margin decreased by 4.8% year-over-year, from 36.3% to 34.6%.
What is the long-term trend for CMS Energy's EBITDA margin?
Over 4 years (2021 to 2025), CMS Energy's EBITDA margin has grown at a 1.4% compound annual growth rate (CAGR), from 136% to 144%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.