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Cms Energy

NYSE: CMS · USD

Cms Energy financials

6 charts

Revenue

USD millions

$1,808M
Cms Energy Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2010 Q2$1,340M; Change unavailable vs FY 2010 Q1
FY 2010 Q3$1,443M; +7.7% vs FY 2010 Q2
FY 2010 Q4$1,682M; +16.6% vs FY 2010 Q3
FY 2011 Q1$2,055M; +22.2% vs FY 2010 Q4
FY 2011 Q2$1,364M; −33.6% vs FY 2011 Q1
FY 2011 Q3$1,464M; +7.3% vs FY 2011 Q2
FY 2011 Q4$1,620M; +10.7% vs FY 2011 Q3
FY 2012 Q1$1,743M; +7.6% vs FY 2011 Q4
FY 2012 Q2$1,333M; −23.5% vs FY 2012 Q1
FY 2012 Q3$1,507M; +13.1% vs FY 2012 Q2
FY 2012 Q4$1,670M; +10.8% vs FY 2012 Q3
FY 2013 Q1$1,979M; +18.5% vs FY 2012 Q4
FY 2013 Q2$1,406M; −29.0% vs FY 2013 Q1
FY 2013 Q3$1,445M; +2.8% vs FY 2013 Q2
FY 2013 Q4$1,736M; +20.1% vs FY 2013 Q3
FY 2014 Q1$2,523M; +45.3% vs FY 2013 Q4
FY 2014 Q2$1,468M; −41.8% vs FY 2014 Q1
FY 2014 Q3$1,430M; −2.6% vs FY 2014 Q2
FY 2014 Q4$1,758M; +22.9% vs FY 2014 Q3
FY 2015 Q1$2,111M; +20.1% vs FY 2014 Q4
FY 2015 Q2$1,350M; −36.0% vs FY 2015 Q1
FY 2015 Q3$1,486M; +10.1% vs FY 2015 Q2
FY 2015 Q4$1,509M; +1.5% vs FY 2015 Q3
FY 2016 Q1$1,801M; +19.4% vs FY 2015 Q4
FY 2016 Q2$1,371M; −23.9% vs FY 2016 Q1
FY 2016 Q3$1,587M; +15.8% vs FY 2016 Q2
FY 2016 Q4$1,640M; +3.3% vs FY 2016 Q3
FY 2017 Q1$1,829M; +11.5% vs FY 2016 Q4
FY 2017 Q2$1,449M; −20.8% vs FY 2017 Q1
FY 2017 Q3$1,527M; +5.4% vs FY 2017 Q2
FY 2017 Q4$1,778M; +16.4% vs FY 2017 Q3
FY 2018 Q1$1,873M; +5.3% vs FY 2017 Q4
FY 2018 Q2$1,413M; −24.6% vs FY 2018 Q1
FY 2018 Q3$1,519M; +7.5% vs FY 2018 Q2
FY 2018 Q4$1,829M; +20.4% vs FY 2018 Q3
FY 2019 Q1$1,957M; +7.0% vs FY 2018 Q4
FY 2019 Q2$1,347M; −31.2% vs FY 2019 Q1
FY 2019 Q3$1,442M; +7.1% vs FY 2019 Q2
FY 2019 Q4$1,795M; +24.5% vs FY 2019 Q3
FY 2020 Q1$1,758M; −2.1% vs FY 2019 Q4
FY 2020 Q2$1,343M; −23.6% vs FY 2020 Q1
FY 2020 Q3$1,468M; +9.3% vs FY 2020 Q2
FY 2020 Q4$1,798M; +22.5% vs FY 2020 Q3
FY 2021 Q1$1,962M; +9.1% vs FY 2020 Q4
FY 2021 Q2$1,515M; −22.8% vs FY 2021 Q1
FY 2021 Q3$1,671M; +10.3% vs FY 2021 Q2
FY 2021 Q4$2,033M; +21.7% vs FY 2021 Q3
FY 2022 Q1$2,318M; +14.0% vs FY 2021 Q4
FY 2022 Q2$1,842M; −20.5% vs FY 2022 Q1
FY 2022 Q3$1,955M; +6.1% vs FY 2022 Q2
FY 2022 Q4$2,205M; +12.8% vs FY 2022 Q3
FY 2023 Q1$2,248M; +2.0% vs FY 2022 Q4
FY 2023 Q2$1,514M; −32.7% vs FY 2023 Q1
FY 2023 Q3$1,639M; +8.3% vs FY 2023 Q2
FY 2023 Q4$1,860M; +13.5% vs FY 2023 Q3
FY 2024 Q1$2,144M; +15.3% vs FY 2023 Q4
FY 2024 Q2$1,576M; −26.5% vs FY 2024 Q1
FY 2024 Q3$1,711M; +8.6% vs FY 2024 Q2
FY 2024 Q4$1,889M; +10.4% vs FY 2024 Q3
FY 2025 Q1$2,398M; +26.9% vs FY 2024 Q4
FY 2025 Q2$1,798M; −25.0% vs FY 2025 Q1
FY 2025 Q3$1,975M; +9.8% vs FY 2025 Q2
FY 2025 Q4$2,134M; +8.1% vs FY 2025 Q3
FY 2026 Q1$2,675M; +25.4% vs FY 2025 Q4
FY 2026 Q2$1,808M; −32.4% vs FY 2026 Q1
Jun 30, 2010 through Sep 25, 2026

Free cash flow

USD millions

$-345M
Cms Energy Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2010 Q2$157M; Change unavailable vs FY 2010 Q1
FY 2010 Q3$-237M; −251.0% vs FY 2010 Q2
FY 2010 Q4$-249M; −5.1% vs FY 2010 Q3
FY 2011 Q1$650M; +361.0% vs FY 2010 Q4
FY 2011 Q2Unavailable; Change unavailable vs FY 2011 Q1
FY 2011 Q3Unavailable; Change unavailable vs FY 2011 Q2
FY 2011 Q4Unavailable; Change unavailable vs FY 2011 Q3
FY 2012 Q1$341M; Change unavailable vs FY 2011 Q4
FY 2012 Q2$27M; −92.1% vs FY 2012 Q1
FY 2012 Q3$-295M; −1192.6% vs FY 2012 Q2
FY 2012 Q4$-59M; +80.0% vs FY 2012 Q3
FY 2013 Q1$451M; +864.4% vs FY 2012 Q4
FY 2013 Q2$64M; −85.8% vs FY 2013 Q1
FY 2013 Q3$-297M; −564.1% vs FY 2013 Q2
FY 2013 Q4$-122M; +58.9% vs FY 2013 Q3
FY 2014 Q1$307M; +351.6% vs FY 2013 Q4
FY 2014 Q2$-33M; −110.7% vs FY 2014 Q1
FY 2014 Q3$-437M; −1224.2% vs FY 2014 Q2
FY 2014 Q4$33M; +107.6% vs FY 2014 Q3
FY 2015 Q1$412M; +1148.5% vs FY 2014 Q4
FY 2015 Q2$175M; −57.5% vs FY 2015 Q1
FY 2015 Q3$-269M; −253.7% vs FY 2015 Q2
FY 2015 Q4$-242M; +10.0% vs FY 2015 Q3
FY 2016 Q1$225M; +193.0% vs FY 2015 Q4
FY 2016 Q2$59M; −73.8% vs FY 2016 Q1
FY 2016 Q3$-267M; −552.5% vs FY 2016 Q2
FY 2016 Q4$-60M; +77.5% vs FY 2016 Q3
FY 2017 Q1$281M; +568.3% vs FY 2016 Q4
FY 2017 Q2$92M; −67.3% vs FY 2017 Q1
FY 2017 Q3$-382M; −515.2% vs FY 2017 Q2
FY 2017 Q4$49M; +112.8% vs FY 2017 Q3
FY 2018 Q1$286M; +483.7% vs FY 2017 Q4
FY 2018 Q2$258M; −9.8% vs FY 2018 Q1
FY 2018 Q3$-551M; −313.6% vs FY 2018 Q2
FY 2018 Q4$-364M; +33.9% vs FY 2018 Q3
FY 2019 Q1$136M; +137.4% vs FY 2018 Q4
FY 2019 Q2$76M; −44.1% vs FY 2019 Q1
FY 2019 Q3$-387M; −609.2% vs FY 2019 Q2
FY 2019 Q4$-139M; +64.1% vs FY 2019 Q3
FY 2020 Q1$-322M; −131.7% vs FY 2019 Q4
FY 2020 Q2$172M; +153.4% vs FY 2020 Q1
FY 2020 Q3$-403M; −334.3% vs FY 2020 Q2
FY 2020 Q4$-488M; −21.1% vs FY 2020 Q3
FY 2021 Q1$395M; +180.9% vs FY 2020 Q4
FY 2021 Q2$94M; −76.2% vs FY 2021 Q1
FY 2021 Q3$-448M; −576.6% vs FY 2021 Q2
FY 2021 Q4$-298M; +33.5% vs FY 2021 Q3
FY 2022 Q1$187M; +162.8% vs FY 2021 Q4
FY 2022 Q2$-216M; −215.5% vs FY 2022 Q1
FY 2022 Q3$-1,042M; −382.4% vs FY 2022 Q2
FY 2022 Q4$-448M; +57.0% vs FY 2022 Q3
FY 2023 Q1$423M; +194.4% vs FY 2022 Q4
FY 2023 Q2Unavailable; Change unavailable vs FY 2023 Q1
FY 2023 Q3Unavailable; Change unavailable vs FY 2023 Q2
FY 2023 Q4Unavailable; Change unavailable vs FY 2023 Q3
FY 2024 Q1$343M; Change unavailable vs FY 2023 Q4
FY 2024 Q2$26M; −92.4% vs FY 2024 Q1
FY 2024 Q3$-502M; −2030.8% vs FY 2024 Q2
FY 2024 Q4Unavailable; Change unavailable vs FY 2024 Q3
FY 2025 Q1$112M; Change unavailable vs FY 2024 Q4
FY 2025 Q2$-470M; −519.6% vs FY 2025 Q1
FY 2025 Q3$-635M; −35.1% vs FY 2025 Q2
FY 2025 Q4Unavailable; Change unavailable vs FY 2025 Q3
FY 2026 Q1$-334M; Change unavailable vs FY 2025 Q4
FY 2026 Q2$-345M; −3.3% vs FY 2026 Q1

Net margin

%

6.64%
Cms Energy Net margin. Reported fiscal history.
Fiscal period%
FY 2010 Q26.12%
FY 2010 Q310.05%
FY 2010 Q41.49%
FY 2011 Q16.57%
FY 2011 Q27.33%
FY 2011 Q39.49%
FY 2011 Q42.53%
FY 2012 Q13.84%
FY 2012 Q27.58%
FY 2012 Q39.82%
FY 2012 Q44.01%
FY 2013 Q17.28%
FY 2013 Q25.76%
FY 2013 Q38.79%
FY 2013 Q45.88%
FY 2014 Q18.09%
FY 2014 Q25.72%
FY 2014 Q36.57%
FY 2014 Q45.46%
FY 2015 Q19.57%
FY 2015 Q24.96%
FY 2015 Q39.96%
FY 2015 Q47.02%
FY 2016 Q19.11%
FY 2016 Q29.04%
FY 2016 Q311.72%
FY 2016 Q44.7%
FY 2017 Q110.88%
FY 2017 Q26.35%
FY 2017 Q311.26%
FY 2017 Q4-0.17%
FY 2018 Q112.87%
FY 2018 Q29.84%
FY 2018 Q311.13%
FY 2018 Q45.9%
FY 2019 Q110.88%
FY 2019 Q26.9%
FY 2019 Q314.36%
FY 2019 Q49.3%
FY 2020 Q113.82%
FY 2020 Q210.13%
FY 2020 Q314.85%
FY 2020 Q48.79%
FY 2021 Q117.79%
FY 2021 Q211.62%
FY 2021 Q311.31%
FY 2021 Q431.43%
FY 2022 Q115.23%
FY 2022 Q28.03%
FY 2022 Q38.44%
FY 2022 Q47.76%
FY 2023 Q19.07%
FY 2023 Q213.08%
FY 2023 Q310.74%
FY 2023 Q416.61%
FY 2024 Q113.39%
FY 2024 Q212.56%
FY 2024 Q314.79%
FY 2024 Q414.03%
FY 2025 Q112.68%
FY 2025 Q211.18%
FY 2025 Q314.03%
FY 2025 Q413.54%
FY 2026 Q112.71%
FY 2026 Q26.64%

P/E

× · TTM · Daily

19.26×
Cms Energy P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2012-04-3015.21×2011-09-30
2012-05-3115.41×2011-09-30
2012-06-2915.54×2011-09-30
2012-07-3116.31×2011-09-30
2012-08-3115.26×2011-09-30
2012-09-2815.58×2011-09-30
2012-10-3116.09×2011-09-30
2012-11-3016.16×2011-09-30
2012-12-3116.13×2011-09-30
2013-01-3117×2011-09-30
2013-02-2820.57×2012-06-30
2013-03-2821.6×2012-06-30
2013-04-3023.14×2012-06-30
2013-05-3120.83×2012-06-30
2013-06-2821×2012-06-30
2013-07-3121.63×2012-06-30
2013-08-3020.51×2012-06-30
2013-09-3020.34×2012-06-30
2013-10-3120.75×2012-09-30
2013-11-2920.05×2012-09-30
2013-12-3120.23×2012-09-30
2014-01-3121×2012-09-30
2014-02-2821.48×2012-09-30
2014-03-3122.12×2012-09-30
2014-04-3022.9×2012-09-30
2014-05-3022.48×2012-09-30
2014-06-3023.54×2012-09-30
2014-07-3121.86×2012-09-30
2014-08-2923.08×2012-09-30
2014-09-3022.41×2012-09-30
2014-10-3124.69×2012-09-30
2014-11-2825.01×2012-09-30
2014-12-3126.26×2012-09-30
2015-01-3028.51×2012-09-30
2015-02-2722.91×2013-09-30
2015-03-3122.77×2013-09-30
2015-04-3022.13×2013-09-30
2015-05-2922.27×2013-09-30
2015-06-3020.77×2013-09-30
2015-07-3122.35×2013-09-30
2015-08-3121.38×2013-09-30
2015-09-3023.04×2013-09-30
2015-10-3023.53×2013-09-30
2015-11-3022.84×2013-09-30
2015-12-3123.53×2013-09-30
2016-01-2925.36×2013-09-30
2016-02-2920.96×2015-12-31
2016-03-3122.49×2015-12-31
2016-04-2921.55×2015-12-31
2016-05-3122.16×2015-12-31
2016-06-3024.3×2015-12-31
2016-07-2923.94×2015-12-31
2016-08-3122.24×2015-12-31
2016-09-3022.26×2015-12-31
2016-10-3122.33×2015-12-31
2016-11-3021.31×2015-12-31
2016-12-3022.05×2015-12-31
2017-01-3122.57×2015-12-31
2017-02-2822.56×2016-12-31
2017-03-3122.67×2016-12-31
2017-04-2823×2016-12-31
2017-05-3124.02×2016-12-31
2017-06-3023.44×2016-12-31
2017-07-3123.43×2016-12-31
2017-08-3124.6×2016-12-31
2017-09-2923.47×2016-12-31
2017-10-3124.51×2016-12-31
2017-11-3025.28×2016-12-31
2017-12-2923.97×2016-12-31
2018-01-3122.68×2016-12-31
2018-02-2825.97×2017-12-31
2018-03-2927.71×2017-12-31
2018-04-3028.87×2017-12-31
2018-05-3128.22×2017-12-31
2018-06-2928.92×2017-12-31
2018-07-3129.57×2017-12-31
2018-08-3130.12×2017-12-31
2018-09-2829.97×2017-12-31
2018-10-3130.29×2017-12-31
2018-11-3031.86×2017-12-31
2018-12-3130.37×2017-12-31
2019-01-3131.9×2017-12-31
2019-02-2823.45×2018-12-31
2019-03-2923.94×2018-12-31
2019-04-3023.94×2018-12-31
2019-05-3124.19×2018-12-31
2019-06-2824.96×2018-12-31
2019-07-3125.1×2018-12-31
2019-08-3027.18×2018-12-31
2019-09-3027.57×2018-12-31
2019-10-3127.55×2018-12-31
2019-11-2926.42×2018-12-31
2019-12-3127.09×2018-12-31
2020-01-3129.53×2018-12-31
2020-02-2825.29×2019-12-31
2020-03-3124.59×2019-12-31
2020-04-3023.89×2019-12-31
2020-05-2924.52×2019-12-31
2020-06-3024.45×2019-12-31
2020-07-3126.86×2019-12-31
2020-08-3125.32×2019-12-31
2020-09-3025.7×2019-12-31
2020-10-3026.51×2019-12-31
2020-11-3025.76×2019-12-31
2020-12-3125.53×2019-12-31
2021-01-2923.81×2019-12-31
2021-02-2620.52×2020-12-31
2021-03-3123.21×2020-12-31
2021-04-3024.42×2020-12-31
2021-05-2823.79×2020-12-31
2021-06-3022.4×2020-12-31
2021-07-3019.85×2021-06-30
2021-08-3120.6×2021-06-30
2021-09-3019.19×2021-06-30
2021-10-2920.11×2021-09-30
2021-11-3019.61×2021-09-30
2021-12-3121.68×2021-09-30
2022-01-3121.46×2021-09-30
2022-02-2813.76×2021-12-31
2022-03-3115.04×2021-12-31
2022-04-2914.77×2021-12-31
2022-05-3115.26×2022-03-31
2022-06-3014.5×2022-03-31
2022-07-2915.12×2022-06-30
2022-08-3114.85×2022-06-30
2022-09-3012.81×2022-06-30
2022-10-3112.77×2022-09-30
2022-11-3013.67×2022-09-30
2022-12-3014.18×2022-09-30
2023-01-3114.14×2022-09-30
2023-02-2820.68×2022-12-31
2023-03-3121.52×2022-12-31
2023-04-2826.74×2023-03-31
2023-05-3124.9×2023-03-31
2023-06-3025.23×2023-03-31
2023-07-3124.44×2023-06-30
2023-08-3122.48×2023-06-30
2023-09-2921.25×2023-06-30
2023-10-3121.43×2023-09-30
2023-11-3022.38×2023-09-30
2023-12-2922.9×2023-09-30
2024-01-3122.54×2023-09-30
2024-02-2919.16×2023-12-31
2024-03-2820.15×2023-12-31
2024-04-3020.24×2023-12-31
2024-05-3121.02×2023-12-31
2024-06-2819.88×2023-12-31
2024-07-3121.64×2023-12-31
2024-08-3022.66×2023-12-31
2024-09-3023.59×2023-12-31
2024-10-3123.25×2023-12-31
2024-11-2923.28×2023-12-31
2024-12-3122.26×2023-12-31
2025-01-3122.04×2023-12-31
2025-02-2821.97×2024-12-31
2025-03-3122.59×2024-12-31
2025-04-3022.15×2024-12-31
2025-05-3021.12×2024-12-31
2025-06-3020.83×2024-12-31
2025-07-3122.19×2024-12-31
2025-08-2921.52×2024-12-31
2025-09-3022.03×2024-12-31
2025-10-3121.31×2025-09-30
2025-11-2821.85×2025-09-30
2025-12-3120.26×2025-09-30
2026-01-3020.71×2025-09-30
2026-02-2722.5×2025-12-31
2026-03-3122.36×2025-12-31
2026-04-3021.48×2026-03-31
2026-05-2920.32×2026-03-31
2026-06-3021.42×2026-03-31
2026-07-3122.02×2026-06-30
2026-08-3120.82×2026-06-30
2026-09-2519.26×2026-06-30
Mean 22.23×Median 22.29×14% below median

ROIC

% · Annual / TTM

4.77%
Cms Energy ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2010 Q2—
FY 2010 Q3—
FY 2010 Q4—
FY 2011 Q1—
FY 2011 Q2—
FY 2011 Q3—
FY 2011 Q4—
FY 2012 Q1—
FY 2012 Q2—
FY 2012 Q3—
FY 2012 Q45.96%
FY 2013 Q1—
FY 2013 Q2—
FY 2013 Q3—
FY 2013 Q46.42%
FY 2014 Q1—
FY 2014 Q27.17%
FY 2014 Q36.57%
FY 2014 Q46.57%
FY 2015 Q16.53%
FY 2015 Q26.3%
FY 2015 Q36.44%
FY 2015 Q46.16%
FY 2016 Q15.84%
FY 2016 Q26.31%
FY 2016 Q36.42%
FY 2016 Q46.57%
FY 2017 Q16.65%
FY 2017 Q26.35%
FY 2017 Q36.11%
FY 2017 Q44.97%
FY 2018 Q15.3%
FY 2018 Q25.68%
FY 2018 Q35.47%
FY 2018 Q46.43%
FY 2019 Q16.19%
FY 2019 Q25.9%
FY 2019 Q35.93%
FY 2019 Q45.96%
FY 2020 Q16.02%
FY 2020 Q26.21%
FY 2020 Q35.88%
FY 2020 Q45.93%
FY 2021 Q16.32%
FY 2021 Q26.65%
FY 2021 Q35.85%
FY 2021 Q45.05%
FY 2022 Q15.2%
FY 2022 Q25.45%
FY 2022 Q35.23%
FY 2022 Q45.38%
FY 2023 Q14.71%
FY 2023 Q24.47%
FY 2023 Q34.4%
FY 2023 Q44.64%
FY 2024 Q14.94%
FY 2024 Q24.97%
FY 2024 Q35.19%
FY 2024 Q45.18%
FY 2025 Q15.43%
FY 2025 Q25.38%
FY 2025 Q35.39%
FY 2025 Q45.23%
FY 2026 Q15.01%
FY 2026 Q24.77%

Capital allocation

% of tracked cash uses

$1,646M
Cms Energy capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2010 Q239.86% · $234MUnavailableUnavailable5.96% · $35M54.17% · $318M100% · $587M
FY 2010 Q361.31% · $187MUnavailableUnavailable11.15% · $34M27.54% · $84M100% · $305M
FY 2010 Q429.87% · $210MUnavailableUnavailable7.25% · $51M62.87% · $442M100% · $703M
FY 2011 Q174.32% · $191MUnavailableUnavailable20.62% · $53M5.06% · $13M100% · $257M
FY 2011 Q2UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2011 Q3UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2011 Q4UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2012 Q136.07% · $294MUnavailableUnavailable7.61% · $62M56.32% · $459M100% · $815M
FY 2012 Q232.79% · $281MUnavailableUnavailable7.35% · $63M59.86% · $513M100% · $857M
FY 2012 Q352.67% · $286MUnavailableUnavailable11.6% · $63M35.73% · $194M100% · $543M
FY 2012 Q446.27% · $366MUnavailableUnavailable8.09% · $64M45.64% · $361M100% · $791M
FY 2013 Q178.06% · $274MUnavailableUnavailable19.09% · $67M2.85% · $10M100% · $351M
FY 2013 Q237.82% · $306MUnavailableUnavailable8.41% · $68M53.77% · $435M100% · $809M
FY 2013 Q349.38% · $320MUnavailableUnavailable10.49% · $68M40.12% · $260M100% · $648M
FY 2013 Q492.19% · $425MUnavailableUnavailableUnavailable7.81% · $36M100% · $461M
FY 2014 Q175.62% · $304MUnavailableUnavailable17.91% · $72M6.47% · $26M100% · $402M
FY 2014 Q256.62% · $359MUnavailableUnavailableUnavailable43.38% · $275M100% · $634M
FY 2014 Q371.19% · $462MUnavailableUnavailableUnavailable28.81% · $187M100% · $649M
FY 2014 Q464.39% · $452MUnavailableUnavailableUnavailable35.61% · $250M100% · $702M
FY 2015 Q179.27% · $348MUnavailableUnavailable18.22% · $80M2.51% · $11M100% · $439M
FY 2015 Q272.19% · $327MUnavailableUnavailableUnavailable27.81% · $126M100% · $453M
FY 2015 Q397.49% · $427MUnavailableUnavailableUnavailable2.51% · $11M100% · $438M
FY 2015 Q485.87% · $462MUnavailableUnavailableUnavailable14.13% · $76M100% · $538M
FY 2016 Q177.82% · $407MUnavailableUnavailable16.44% · $86M5.74% · $30M100% · $523M
FY 2016 Q297.16% · $410MUnavailableUnavailableUnavailable2.84% · $12M100% · $422M
FY 2016 Q370.17% · $407MUnavailableUnavailableUnavailable29.83% · $173M100% · $580M
FY 2016 Q447.26% · $448MUnavailableUnavailableUnavailable52.74% · $500M100% · $948M
FY 2017 Q139.08% · $365MUnavailableUnavailable10.06% · $94M50.86% · $475M100% · $934M
FY 2017 Q296.7% · $381MUnavailableUnavailableUnavailable3.3% · $13M100% · $394M
FY 2017 Q371.96% · $462MUnavailableUnavailableUnavailable28.04% · $180M100% · $642M
FY 2017 Q460.37% · $457MUnavailableUnavailableUnavailable39.63% · $300M100% · $757M
FY 2018 Q160.03% · $422MUnavailableUnavailable14.37% · $101M25.6% · $180M100% · $703M
FY 2018 Q248.39% · $450MUnavailableUnavailableUnavailable51.61% · $480M100% · $930M
FY 2018 Q393.96% · $700MUnavailableUnavailableUnavailable6.04% · $45M100% · $745M
FY 2018 Q430.39% · $502MUnavailableUnavailableUnavailable69.61% · $1,150M100% · $1,652M
FY 2019 Q150.05% · $481MUnavailableUnavailableUnavailable49.95% · $480M100% · $961M
FY 2019 Q262.12% · $492MUnavailableUnavailableUnavailable37.88% · $300M100% · $792M
FY 2019 Q390.18% · $597MUnavailableUnavailableUnavailable9.82% · $65M100% · $662M
FY 2019 Q484.23% · $534MUnavailableUnavailableUnavailable15.77% · $100M100% · $634M
FY 2020 Q199.62% · $523MUnavailableUnavailableUnavailable0.38% · $2M100% · $525M
FY 2020 Q252.03% · $423MUnavailableUnavailableUnavailable47.97% · $390M100% · $813M
FY 2020 Q366.7% · $751MUnavailableUnavailableUnavailable33.3% · $375M100% · $1,126M
FY 2020 Q450.82% · $620MUnavailableUnavailableUnavailable49.18% · $600M100% · $1,220M
FY 2021 Q199.54% · $437MUnavailableUnavailableUnavailable0.46% · $2M100% · $439M
FY 2021 Q296.5% · $441MUnavailableUnavailableUnavailable3.5% · $16M100% · $457M
FY 2021 Q3100% · $564MUnavailableUnavailableUnavailable0% · $0M100% · $564M
FY 2021 Q474.5% · $634MUnavailableUnavailableUnavailable25.5% · $217M100% · $851M
FY 2022 Q199.43% · $520MUnavailableUnavailableUnavailable0.57% · $3M100% · $523M
FY 2022 Q286.45% · $568MUnavailableUnavailableUnavailable13.55% · $89M100% · $657M
FY 2022 Q3100% · $650MUnavailableUnavailableUnavailable0% · $0M100% · $650M
FY 2022 Q497.85% · $636MUnavailableUnavailableUnavailable2.15% · $14M100% · $650M
FY 2023 Q138.16% · $617MUnavailableUnavailableUnavailable61.84% · $1,000M100% · $1,617M
FY 2023 Q2UnavailableUnavailableUnavailableUnavailable100% · $465M100% · $465M
FY 2023 Q3UnavailableUnavailableUnavailableUnavailable100% · $381M100% · $381M
FY 2023 Q4UnavailableUnavailableUnavailableUnavailable100% · $286M100% · $286M
FY 2024 Q165.77% · $613MUnavailableUnavailableUnavailable34.23% · $319M100% · $932M
FY 2024 Q285.66% · $681MUnavailableUnavailableUnavailable14.34% · $114M100% · $795M
FY 2024 Q369.36% · $806MUnavailableUnavailableUnavailable30.64% · $356M100% · $1,162M
FY 2024 Q4UnavailableUnavailableUnavailableUnavailable100% · $52M100% · $52M
FY 2025 Q159.68% · $888MUnavailableUnavailableUnavailable40.32% · $600M100% · $1,488M
FY 2025 Q2100% · $884MUnavailableUnavailableUnavailable0% · $0M100% · $884M
FY 2025 Q3100% · $978MUnavailableUnavailableUnavailable0% · $0M100% · $978M
FY 2025 Q4UnavailableUnavailableUnavailableUnavailable100% · $250M100% · $250M
FY 2026 Q183.59% · $1,039MUnavailableUnavailableUnavailable16.41% · $204M100% · $1,243M
FY 2026 Q258.75% · $967MUnavailableUnavailableUnavailable41.25% · $679M100% · $1,646M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Cms Energy.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources