Score Your Stock

US stock · figures in US dollars · scored on full-year results

CMS Energy CMS Energy Corporation Common Stock

CMS · Utilities · Utilities - Regulated Electric
Bottom 3% of scored stocks
WeakBottom 3% of scored stocks
Weak SpotLow-Price Yield

CMS Energy scores 30/100 on fundamentals: in the bottom 3% of 503 scored S&P 500 stocks. Its strongest area is Risk (67/100); its weakest is Financial Safety (0/100). It carries 2 warning flags: Weak Spot, Low-Price Yield.

Best
Risk 67
Weakest
Financial 0
Price 0
  • Carries a Weak Spot flag
  • Carries a Low-Price Yield flag

A financially stretched, expensively priced stock, but financial safety needs attention.

What looks good
What to watch
Mkt capUS$ 22.1b#388 of 503 in the S&P 500EPSUS$ 2.80P/E25.2×✗ vs sector median 21.2×P/B2.3×✗ vs sector median 2.1×Div yield3%✓ Top 17% in the S&P 50052w range · 45% of range62.2980.36
as of 31 Oct 2026

Nearby peers

Ranks #30 of 31 in Utilities by score

#1Edison International61#27Entergy34#28NiSource33#29Sempra33
#30CMS Energy30
#31NRG Energy24

One-Minute Summary

Why CMS Energy scores 30

A financially stretched, expensively priced stock, but financial safety needs attention.

What looks good
What to watch

Business Strength

40
Why 40?
Pillar score: (1 + 1 + 0 + 1 + 1) = 4 of 10 points → 40
Return on Equity (ROE)9%Okay4-Year Revenue Growth+6%/yrOkay4-Year Profit Growth-1%/yrWeakNet Profit Margin10%OkayQuarterly Momentum+10%Okay
Show 3 charts

Net Profit & Equity, with ROE

Net Profit → -1.7%Equity ↑ +28.9%ROE % 9%
Net ProfitEquityROE %
887m1.0b1.1b872m7.5b8.2b9.1b9.7b202320242025TTM11.8%12.2%11.7%9%

Revenue & Net Profit, with Net Margin

Revenue ↑ +20.3%Net Profit → -1.7%Net Margin % 9.7%
RevenueNet ProfitNet Margin %
7.5b7.5b8.5b9.0b887m1.0b1.1b872m202320242025TTM11.9%13.3%12.5%9.7%

Sales grew about 20.3% over 4 years: customers keep spending more with this company.

Profit has moved sideways: stable, but not compounding your money faster each year.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +4.9%Net Profit ↓ -52.6%Net Margin % 6.6%
RevenueNet ProfitNet Margin %
1.7b2.0b2.4b1.8b2.0b2.2b2.7b1.8b253m265m304m201m277m289m340m120mQ3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'2614.5%13.3%12.4%10.9%13.7%12.9%12.5%6.6%
▲▼▲▬▲▲▲▼

Sales have stayed roughly flat over the last 8 quarters.

Profit fell about 52.6% over the last 8 quarters.

Why 0?
Pillar score: (0 + 0 + 0) = 0 of 6 points → 0
Debt-to-Equity2.1×WeakCurrent Ratio1×WeakInterest Coverage1.8×Weak
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +29.2%Equity ↑ +28.9%D/E 2.1×
Total DebtEquityD/E
15.6b16.6b18.9b20.2b7.5b8.2b9.1b9.7b202320242025TTM2.1×2×2.1×2.1×

Borrowings grew about 29.2% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +12.9%Current Liabilities ↑ +17%Current Ratio 0.9×
Current AssetsCurrent LiabilitiesCurrent Ratio
2.8b2.8b3.5b3.2b2.9b3.5b3.5b3.4b202320242025TTM1×0.8×1×0.9×
Why 38?
Pillar score: (1 + 1 + 0 + 1) = 3 of 8 points → 38
Dividend Quality3%Okay
Payout ratio: 79%
Operating Cash FlowPositive but bumpyOkayFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↓ -7.7%Free CF ↓ -100.7%
Operating CFFree CF
2.3b2.4b2.2b2.1b-1.1b-808m-1.8b-2.2b202320242025TTM

Cash keeps coming in, though unevenly: fine, but worth keeping an eye on.

Cash vs Total Debt

Cash ↑ +98.7%Short-Term Debt ↑ +17.2%Total Debt ↑ +29.2%
CashShort-Term DebtTotal Debt
227m103m509m451m1.1b1.3b956m1.3b15.6b16.6b18.9b20.2b202320242025TTM

Dividends per Share, with Yield

DPS (cents) ↓ -5.6%Yield % 3.2%
DPS (cents)Yield %
46464648.851.554.354.354.3230195.2206217.220222023202420254%3.7%3.5%3.2%

Dividends were cut during this period: payouts here are not guaranteed pocket money.

Why 0?
Pillar score: (0 + 0 + 0) = 0 of 6 points → 0
P/E Ratio25.2×WeakP/B Ratio2.3×WeakPEG Ration/m (growth not measurable)Weak
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 78.18US$ 70.56US$ 62.95Oct '25Feb '26Jun '26Oct '26

The share price has been roughly flat over the past year.

Why 67?
Pillar score: (2 + 0 + 1 + 2 + 1 + 2) = 8 of 12 points → 67
Earnings ConsistencySteadyStrongDebt Trend (4yr)RisingWeakShare Count Trend (4yr)+2%/yrOkayInventory vs Sales (4yr)-6.5 pp/yr vs salesStrongAsset Turnover Trend (4yr)-3.3%OkayQuarterly Consistency1 of 4 quarters downStrong
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +20.3%Inventory → -0.5%Inv. % of Rev. 10.4%
RevenueInventoryInv. % of Rev.
7.5b7.5b8.5b9.0b938m769m791m933m202320242025TTM12.6%10.2%9.3%10.4%
Ranks #30 of 31 in Utilities by score

Sector peers

#1Edison International61#27Entergy34#28NiSource33#29Sempra33
#30CMS Energy (you)30
#31NRG Energy24

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2026US$ 9.0bUS$ 872.0mUS$ 2.1bUS$ -2.2bUS$ -4.3bUS$ 451.0mUS$ 20.2bUS$ 1.3bUS$ 9.7bUS$ 3.2bUS$ 3.4bUS$ 41.7bUS$ 31.4bUS$ 933.0m-9%10%2.1×1.0×1.8×79%----
2025US$ 8.5bUS$ 1.1bUS$ 2.2bUS$ -1.8bUS$ -4.0bUS$ 509.0mUS$ 18.9bUS$ 956.0mUS$ 9.1bUS$ 3.5bUS$ 3.5bUS$ 39.9bUS$ 30.2bUS$ 791.0mUS$ 217.2m12%13%2.1×1.0×2.6×62%3%19.7×2.3×2.3
2024US$ 7.5bUS$ 1.0bUS$ 2.4bUS$ -808.0mUS$ -3.2bUS$ 103.0mUS$ 16.6bUS$ 1.3bUS$ 8.2bUS$ 2.8bUS$ 3.5bUS$ 35.9bUS$ 27.2bUS$ 769.0mUS$ 206.0m12%13%2.0×0.8×2.6×62%3%18.8×2.3×-
2023US$ 7.5bUS$ 887.0mUS$ 2.3bUS$ -1.1bUS$ -3.4bUS$ 227.0mUS$ 15.6bUS$ 1.1bUS$ 7.5bUS$ 2.8bUS$ 2.9bUS$ 33.5bUS$ 25.4bUS$ 938.0mUS$ 195.2m12%12%2.1×1.0×2.5×65%4%17.7×2.1×3.2