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CMS Energy CMS Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin19.5%-0.7pp20.2%-0.5pp20.7%+0.7pp20%-0.2pp20.2%+0.4pp
Net margin12.5%0.0pp12.5%-0.1pp12.6%-0.1pp12.8%-0.3pp13.1%-0.2pp
EBITDA margin34.6%-0.9pp35.5%-0.7pp36.3%+0.4pp35.9%-0.4pp36.3%0.0pp
Free cash flow margin12.8%-5.6pp18.4%+6.5pp12%-2.1pp14%-6.8pp20.8%-3.8pp
Returns
Return on equity12.4%+0.1pp12.3%0.0pp12.3%-0.1pp12.5%-0.1pp12.5%-0.2pp
Return on assets2.9%+0.1pp2.8%-0.1pp2.9%0.0pp2.8%-0.1pp2.9%0.0pp
Return on invested capital5.1%-0.2pp5.3%-0.2pp5.5%0.0pp5.5%-0.1pp5.6%+0.3pp
Efficiency
Asset turnover0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Liquidity
Current ratio0.8×-0.1×1×+0.1×0.9×-0.1×1×-0.1×1.1×+0.3×
Quick ratio0.9×-0.1×1×+0.1×0.8×-0.2×1×-0.1×1.1×+0.3×
Cash ratio0.1×-0.1×0.2×0.0×0.1×-0.1×0.3×+0.1×0.2×+0.1×
Leverage
Debt-to-equity2×0.0×2.1×0.0×2×-0.1×2.1×+0.1×2×0.0×
Debt-to-assets0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×
Net debt / EBITDA6.2×+0.1×6×+0.2×5.9×-0.1×5.9×+0.1×5.8×-0.2×
Interest coverage2.1×-0.1×2.2×0.0×2.2×+0.1×2.2×0.0×2.2×+0.1×
Per Share
Book value per share$30.82———$29.51+5.1%$28.06+0.7%$27.87—
Valuation
Market capitalization$23.89B+12.3%$21.28B-3.0%$21.93B+5.2%$20.85B-7.2%$22.47B+12.8%
Enterprise value$42.75B+8.0%$39.59B-0.1%$39.61B+4.4%$37.95B-2.5%$38.9B+7.3%
Price / earnings21.6×+1.7×19.9×-1.1×20.9×+0.6×20.4×-1.6×22×+2.2×
Price / sales2.7×+0.2×2.5×-0.2×2.6×0.0×2.6×-0.3×2.9×+0.2×
Price / book2.5×+0.2×2.3×-0.1×2.5×0.0×2.5×-0.2×2.7×+0.3×
EV / EBITDA14×+1.0×13.1×-0.1×13.2×0.0×13.2×-0.6×13.8×+0.5×
EV / sales4.8×+0.2×4.6×-0.1×4.8×0.0×4.7×-0.3×5×+0.2×
Free cash flow yield4.7%-2.7pp7.4%+2.9pp4.5%-0.9pp5.4%-1.8pp7.2%-2.1pp
Earnings yield4.6%-0.4pp5%+0.3pp4.8%-0.1pp4.9%+0.4pp4.5%-0.5pp
PEG ratio2.5×-0.4×2.9×———3.7×-0.5×4.3×+2.8×

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Questions, answered.

Where do CMS Energy's ratios come from?
Every ratio is computed from CMS Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.