Skip to content

CMS Energy CMS Return on invested capital

Return on invested capital at other companies

Nextra Energy logo
Nextra EnergyNEE
5.8%-0.3pp
DTE Energy logo
DTE EnergyDTE
6.1%-1.0pp
PG&E logo
PG&EPCG
5.6%+0.3pp
Entergy logo
EntergyETR
6.5%+0.9pp
Duke Energy logo
Duke EnergyDUK
5.7%+0.2pp
CNP
CenterPoint EnergyCNP
5.8%0.0pp

Other financials

Income statement

See full
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

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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 →

Ask your AI about CMS Energy's return on invested capital.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is CMS Energy's return on invested capital?
CMS Energy (CMS) reported return on invested capital of 5.1% in Q1 2026.
How has CMS Energy's return on invested capital changed year-over-year?
CMS Energy's return on invested capital decreased by 8.2% year-over-year, from 5.6% to 5.1%.
What is the long-term trend for CMS Energy's return on invested capital?
Over 4 years (2021 to 2025), CMS Energy's return on invested capital has grown at a -1.6% compound annual growth rate (CAGR), from 23.3% to 21.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.