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CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources. This segment's transmission and distribution system includes 214 miles of transmission overhead lines; 188 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,431 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 56,098 miles of electric distribution overhead lines; 10,665 miles of underground distribution lines; and substations. The Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. This segment's gas transmission, storage, and distribution system comprises 1,672 miles of transmission lines; 15 gas storage fields; 28,194 miles of distribution mains; and 8 compressor stations. The Enterprises segment engages in the independent power production and marketing activities; and development of renewable generation. This segment owns interests in independent power plants totaling 1,203 megawatts. The company also operates an industrial bank providing unsecured consumer installment loans for financing home improvements. It serves 1.8 million electric customers and 1.8 million gas customers, including residential, commercial, and diversified industrial customers in Michigan's Lower Peninsula. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1248.00M | 1123.00M | 954.00M | 902.00M | 823.00M |
| Net income | 1071.00M | 1003.00M | 887.00M | 809.00M | 1353.00M |
| Selling general administrative | 3474.12M | - | - | - | - |
| Gross profit | 5201.12M | 3209.00M | 2862.00M | 7691.00M | 1535.00M |
| Ebit | 2037.00M | 1831.00M | 1415.00M | 1421.00M | 1323.00M |
| Ebitda | 3187.00M | 3071.00M | 2470.00M | 2547.00M | 2437.00M |
| Depreciation and amortization | 1150.00M | 1240.00M | 1055.00M | 1126.00M | 1114.00M |
| Operating income | 1727.00M | 1487.00M | 1235.00M | 932.00M | 1146.00M |
| Other operating expenses | 6812.00M | 6028.00M | 6227.00M | 8277.00M | 6183.00M |
| Interest expense | 789.00M | 708.00M | 643.00M | 12.00M | 500.00M |
| Income tax expense | 246.00M | 176.00M | 147.00M | 93.00M | 95.00M |
| Total revenue | 8539.00M | 7515.00M | 7462.00M | 8596.00M | 7329.00M |
| Total operating expenses | 3474.12M | 1722.00M | 1627.00M | 7372.00M | 389.00M |
| Cost of revenue | 3337.88M | 4306.00M | 4600.00M | 905.00M | 5794.00M |
| Total other income expense net | -479.00M | -364.00M | -281.00M | -322.00M | -323.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 40388.00M | 35920.00M | 33517.00M | 29916.00M | 28753.00M |
| Other current assets | 743.00M | 855.00M | 730.00M | 2977.00M | 1270.00M |
| Total liab | 30677.00M | 27172.00M | 26151.00M | 19761.00M | 17861.00M |
| Total stockholder equity | 9144.00M | 8230.00M | 7544.00M | 10118.00M | 9279.00M |
| Other current liab | 1185.00M | 511.00M | 1009.00M | 912.00M | 789.00M |
| Common stock | 3.00M | 3.00M | 3.00M | 10959.00M | 6407.00M |
| Retained earnings | 2443.00M | 2035.00M | 1658.00M | 2008.00M | 1834.00M |
| Other assets | - | - | -759.00M | - | - |
| Cash | 615.00M | 103.00M | 227.00M | 43.00M | 452.00M |
| Total current liabilities | 3548.00M | 3521.00M | 2895.00M | 2871.00M | 1822.00M |
| Current deferred revenue | - | - | 763.00M | - | - |
| Net debt | 18324.00M | 16487.00M | 15442.00M | 10244.00M | 7796.00M |
| Short term debt | 959.00M | 1263.00M | 1077.00M | 1095.00M | 198.00M |
| Short long term debt total | 18939.00M | 16590.00M | 15669.00M | 10287.00M | 8248.00M |
| Other stockholder equity | 6510.00M | 6009.00M | 5705.00M | -3058.00M | 6562.00M |
| Total current assets | 3472.00M | 2790.00M | 2839.00M | 3236.00M | 2627.00M |
| Short term investments | - | - | -22.00M | - | - |
| Net receivables | 1323.00M | 1063.00M | 944.00M | 10.00M | 905.00M |
| Inventory | 791.00M | 769.00M | 938.00M | 206.00M | - |
| Accounts payable | 1404.00M | 1093.00M | 809.00M | 864.00M | 835.00M |
| Accumulated other comprehensive income | -36.00M | -41.00M | -46.00M | -15.00M | -32.00M |
| Non currrent assets other | 5688.00M | 5576.00M | 5504.00M | 4751.00M | 3418.00M |
| Non current assets total | 36916.00M | 33130.00M | 31437.00M | 26680.00M | 26126.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total cashflows from investing activities | -4034.00M | -3049.00M | - | - | - |
| Total cash from financing activities | 2236.00M | 609.00M | 1143.00M | 1327.00M | -295.00M |
| Net income | 1071.00M | 1003.00M | 886.00M | 813.00M | 1330.00M |
| Change in cash | 437.00M | -70.00M | 66.00M | -294.00M | 291.00M |
| Begin period cash flow | 178.00M | 248.00M | 182.00M | 476.00M | 185.00M |
| End period cash flow | 615.00M | 178.00M | 248.00M | 182.00M | 476.00M |
| Total cash from operating activities | 2235.00M | 2370.00M | 2309.00M | 855.00M | 1819.00M |
| Depreciation | 1306.00M | 1240.00M | 1180.00M | 1126.00M | 1114.00M |
| Other cashflows from investing activities | -214.00M | -160.00M | - | - | - |
| Dividends paid | 663.00M | 626.00M | 579.00M | 546.00M | 509.00M |
| Change to inventory | -28.00M | 164.00M | 185.00M | -450.00M | -93.00M |
| Change to account receivables | -251.00M | -155.00M | 241.00M | -677.00M | -103.00M |
| Sale purchase of stock | - | - | 3624.00M | - | 475.00M |
| Other cashflows from financing activities | -20.00M | -33.00M | 303.00M | 1910.00M | -52.00M |
| Capital expenditures | 3824.00M | 3018.00M | 3219.00M | 2481.00M | 2209.00M |
| Change in working capital | -61.00M | 262.00M | 416.00M | -1113.00M | -46.00M |
| Stock based compensation | - | - | 28.00M | 26.00M | -746.00M |
| Other non cash items | -283.00M | -277.00M | -201.00M | -60.00M | -82.00M |
| Free cash flow | -1589.00M | -648.00M | -910.00M | -1626.00M | -390.00M |
Sector: Utilities Industry: Multiline Utilities
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| CMSA CMS Energy Corporation 5.6% JRSUB NT 78 |
0.43 2.27% |
19.34 | 12.24 | - | - | - |
| CMSC CMS Energy Corporation 5.875% J |
0.52 2.62% |
20.37 | - | - | - | - |
| CMSD CMS Energy Corporation 5.875% J |
0.38 1.89% |
20.23 | - | - | - | - |
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