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CMS Energy CMS Free cash flow

Free cash flow at other companies

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$1.93B+54.9%
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-$2.06B-2.6%
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-$592M-4.0%
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-$1.33B-38.0%
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-$417M-870%
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NorthWestern Energy Group, Inc.NWE
$43.33M-29.3%

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%

Valuation

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Market cap$20.76B-1.2%
Enterprise value$39.61B+4.0%
P/E18.8×-1.8×
P/S2.4×-0.3×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp
FCF margin12.8%-8.1pp

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.

The source filing: CMS Energy’s 10-Q, filed April 28, 2026. Open the filing →

Filed
Apr 28, 2026, 11:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000811156-26-000024

FAQ

What is CMS Energy's free cash flow?
CMS Energy (CMS) reported free cash flow of -$334M in Q1 2026.
How has CMS Energy's free cash flow changed year-over-year?
CMS Energy's free cash flow decreased by 398.2% year-over-year, from $112M to -$334M.
What is the long-term trend for CMS Energy's free cash flow?
Over 4 years (2021 to 2025), CMS Energy's free cash flow has grown at a 57.3% compound annual growth rate (CAGR), from -$257M to $1.57B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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