CMS ENERGY CORP
CMSNYSE · SIC 4931
$73.65
↓ -1.0%Jul 17 close · end-of-day
Price
1Y↑ +7.4%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$22.6B
Enterprise Value
$41.3B
P/E
20.3
P/S
2.6
P/B
2.4
EV/EBITDA
13.5
PEG
2.8
FCF Yield
—
Dividend Yield
3.0%
Revenue (TTM)
$8.8B
Net Income (TTM)
$1.1B
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
19.5%
Net Margin
12.6%
ROE
11.7%
ROIC
4.8%
Debt / Equity
2.0
Net Cash
-$18.7B
Return 1Y
+7.1%
Company profile
CMS Energy Corporation operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers.
- CEO
- Garrick J. Rochow
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Utilities
- Employees
- 9,070
- Headquarters
- Michigan
- Website
- cmsenergy.com
Management & directors
- Maddipati SrikanthEVP/CFO
- Hofmeister Brandon J.Senior Vice President
- Berry Tonya LExecutive Vice President & COO
- Hayes Rejji PEVP/CFO
- Johnson Shaun MExecutive Vice President & CLO
- Mcintosh Scott BVP, Controller, CAO
- Rochow Garrick JPresident and CEO
- Snyder Lauren YSenior Vice President
- Thomas ShannonSenior Vice President
Roles derived from SEC Form 4 filings.
Earnings
Next earnings · estimated2026-07-28
CMS Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$2.7B↑ +11.6%
Diluted EPS$1.10↑ +8.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $6.4B | $7.3B | $8.6B | $7.5B | $7.5B | $8.5B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $1.2B | $1.1B | $1.2B | $1.2B | $1.5B | $1.7B |
| Net income | $755.0M | $1.4B | $837.0M | $887.0M | $1.0B | $1.1B |
| Diluted EPS | $2.64 | $4.66 | $2.85 | $3.01 | $3.33 | $3.53 |
| Operating cash flow | $1.3B | $1.8B | $855.0M | $2.3B | $2.4B | $2.2B |
| Free cash flow | -$1.0B | -$257.0M | -$1.5B | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 19.2% | 15.6% | 14.2% | 16.6% | 19.8% | 20.2% |
| Net margin | 11.8% | 18.5% | 9.7% | 11.9% | 13.3% | 12.5% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $2.0B | $2.4B | $1.8B | $2.0B | $2.2B | $2.7B |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $283.0M | $367.0M | $425.0M | $494.0M | $317.0M | $481.0M | $435.0M | $490.0M |
| Net income | $198.0M | $253.0M | $265.0M | $304.0M | $201.0M | $277.0M | $289.0M | $340.0M |
| Diluted EPS | $0.65 | $0.84 | $0.88 | $1.01 | $0.66 | $0.92 | $0.94 | $1.10 |
| Operating cash flow | $707.0M | $304.0M | $403.0M | $1.0B | $414.0M | $343.0M | $478.0M | $705.0M |
| Free cash flow | $26.0M | -$502.0M | — | $112.0M | -$470.0M | -$635.0M | — | -$334.0M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 17.6% | 21.1% | 21.4% | 20.2% | 17.2% | 23.8% | 19.5% | 17.9% |
| Net margin | 12.3% | 14.5% | 13.3% | 12.4% | 10.9% | 13.7% | 12.9% | 12.5% |
Company news
Jul 20, 2026
Jul 14, 2026
Jul 10, 2026
Jul 8, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-06-15 | MADDIPATI SRIKANTH· EVP/CFO | Award | 10,184 | $0.00 | $0.00 | filing |
| 2026-05-26 | Hofmeister Brandon J.· Senior Vice President | Sale | 3,000 | $74.31 | $222,930.00 | filing |
| 2026-05-08 | Wright Laura | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | TANSKI RONALD J | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | RUSSELL JOHN G | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | Keyes Richard Patrick | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | Sznewajs John G | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | Soto Myrna | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | SHANK SUZANNE F. | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | IZZO RALPH | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | Leopold Diane | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-05-08 | Butler Deborah H | Award | 2,411 | $0.00 | $0.00 | filing |
| 2026-03-26 | Rochow Garrick J· President and CEO | Tax withholding | 25,833 | $76.33 | $2.0M | filing |
| 2026-03-26 | Hayes Rejji P· EVP/CFO | Tax withholding | 8,290 | $76.33 | $632,775.70 | filing |
| 2026-03-26 | Johnson Shaun M· Executive Vice President & CLO | Tax withholding | 4,311 | $76.33 | $329,058.63 | filing |
| 2026-03-26 | Hofmeister Brandon J.· Senior Vice President | Tax withholding | 3,759 | $76.33 | $286,924.47 | filing |
| 2026-03-26 | Berry Tonya L· Executive Vice President & COO | Tax withholding | 2,642 | $76.33 | $201,663.86 | filing |
| 2026-03-26 | McIntosh Scott B· VP, Controller, CAO | Tax withholding | 1,197 | $76.33 | $91,367.01 | filing |
| 2026-03-26 | Snyder Lauren Y· Senior Vice President | Tax withholding | 574 | $76.33 | $43,813.42 | filing |
| 2026-03-26 | Berry Tonya L· Executive Vice President & COO | Award | 2,021 | $0.00 | $0.00 | filing |
| 2026-03-26 | Hofmeister Brandon J.· Senior Vice President | Award | 2,863 | $0.00 | $0.00 | filing |
| 2026-03-26 | Hayes Rejji P· EVP/CFO | Award | 6,316 | $0.00 | $0.00 | filing |
| 2026-03-26 | Snyder Lauren Y· Senior Vice President | Award | 674 | $0.00 | $0.00 | filing |
| 2026-03-26 | Rochow Garrick J· President and CEO | Award | 19,681 | $0.00 | $0.00 | filing |
| 2026-03-26 | Johnson Shaun M· Executive Vice President & CLO | Award | 3,284 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.