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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%-0.6pp20.2%+0.4pp20.7%+1.1pp20%+1.5pp20.2%+2.0pp
Net margin12.5%-0.6pp12.5%-0.8pp12.6%-1.4pp12.8%-0.3pp13.1%-0.1pp
EBITDA margin34.6%-1.7pp35.5%-0.8pp36.3%+0.2pp35.9%+1.0pp36.3%+2.0pp
Free cash flow margin12.8%-8.1pp18.4%-6.2pp12%+8.3pp14%+1.2pp20.8%-5.9pp
Returns
Return on equity12.4%-0.1pp12.3%-0.4pp12.3%-1.4pp12.5%-0.3pp12.5%-0.4pp
Return on assets2.9%0.0pp2.8%-0.1pp2.9%-0.2pp2.8%-0.1pp2.9%-0.1pp
Return on invested capital5.1%-0.5pp5.3%0.0pp5.5%+0.2pp5.5%+0.4pp5.6%+0.5pp
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×-0.2×1×+0.2×0.9×-0.3×1×-0.2×1.1×-0.3×
Quick ratio0.9×-0.2×1×+0.2×0.8×-0.4×1×-0.2×1.1×-0.3×
Cash ratio0.1×-0.1×0.2×+0.1×0.1×-0.1×0.3×0.0×0.2×-0.2×
Leverage
Debt-to-equity2×0.0×2.1×+0.1×2×+0.1×2.1×+0.2×2×0.0×
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×+0.4×6×0.0×5.9×0.0×5.9×+0.1×5.8×-0.1×
Interest coverage2.1×-0.1×2.2×+0.1×2.2×+0.1×2.2×+0.2×2.2×+0.2×
Per Share
Book value per share$30.82+10.6%——$29.51+8.7%$28.06+4.7%$27.87+4.2%
Valuation
Market capitalization$23.89B+6.4%$21.28B+6.9%$21.93B+3.9%$20.85B+17.3%$22.47B+24.7%
Enterprise value$42.75B+9.9%$39.59B+9.2%$39.61B+7.6%$37.95B+15.9%$38.9B+18.0%
Price / earnings21.6×-0.4×19.9×0.0×20.9×+0.8×20.4×+2.1×22×+3.5×
Price / sales2.7×-0.2×2.5×-0.2×2.6×-0.2×2.6×+0.2×2.9×+0.4×
Price / book2.5×-0.2×2.3×-0.1×2.5×-0.1×2.5×+0.3×2.7×+0.4×
EV / EBITDA14×+0.3×13.1×-0.2×13.2×-0.5×13.2×+0.5×13.8×+0.7×
EV / sales4.8×-0.2×4.6×-0.2×4.8×-0.1×4.7×+0.3×5×+0.5×
Free cash flow yield4.7%-2.5pp7.4%-1.9pp4.5%+3.2pp5.4%+0.1pp7.2%-3.7pp
Earnings yield4.6%+0.1pp5%0.0pp4.8%-0.2pp4.9%-0.6pp4.5%-0.8pp
PEG ratio2.5×-1.7×2.9×+1.4×——3.7×+3.1×4.3×+3.8×

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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.