CMS ENERGY CORP
CMSDNYSE · SIC 4931
$22.26
↓ -0.2%Jul 17 close · end-of-day
Price
1Y↑ +4.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$6.8B
Enterprise Value
$25.5B
P/E
6.1
P/S
0.8
P/B
0.7
EV/EBITDA
8.4
PEG
0.8
FCF Yield
—
Dividend Yield
9.9%
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
+3.8%
Company profile
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
CMSD 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
Coming soonHeadlines for CMSD will appear here once the news feed is connected.
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.