Accessibility Menu
CMS Energy logo

CMS Energy(NYSE) CMS

Market Cap$21.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1968)+1,971%
5 Year+23%
1 Year-1%
1 Month-4%
Premium Feature
Moneyball Superscore
70/100
$68.41
-0.26%
-0.18Today
After hours$68.50+$0.09 (+0.13%)
CMS Energy last closing stock price
MetricPriceDate
Last closeUSD 68.462026-09-04
CMS Energy stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.37%USD 68.212026-08-28
1 month-3.6%USD 71.022026-08-05
3 month-4.2%USD 71.462026-06-05
Year to date+0.2%USD 68.322025-12-31
1 year-1.32%USD 69.372025-09-04
3 year+37.29%USD 49.862023-09-05
5 year+23.08%USD 55.622021-09-03
Since inception+1,971.25%USD 3.311968-01-02

CMS Energy Financials at a Glance

Market Cap

$21.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$8.81B

Net Income (TTM)

$1.03B

EPS (TTM)

$3.33

P/E Ratio

20.57

Dividend

$2.25

Beta (Volatility)

0.26 (Low)

Price

$68.41

Volume

3,159,336.351

Open

$68.23

Previous Close

$68.46

Daily Range

$68.23 - $69.14

52-Week Range

$67.19 - $80.36

Estimated Earnings Date

Oct 29, 2026

CMS News

A dimly lit data center.

What Is a Data Center?

Catherine BrockOct 9, 2025
Foolcom-Featured.png

CMS Energy (CMS) Q2 EPS Jumps 7.6%

Motley Fool Markets TeamAug 1, 2025
17_06_13 Worker with power equiptment_SO_ED_GettyImages-616264984

How Does CMS Energy Corporation Make Most of Its Money?

Reuben Gregg BrewerJul 12, 2018

CMS Energy Increases Sales but Misses Estimates on Earnings

Seth JaysonJul 25, 2013

The Birth of Green Energy and the Last Great LBO

Alex PlanesJul 24, 2013

CMS Energy Keeps Dividend Steady

Rich DupreyJul 16, 2013

CMS Energy Stays On Its Margin Hot Streak

Seth JaysonJun 4, 2013

CMS Energy Utility Division Declares Preferred Dividends

Rich DupreyMay 17, 2013
Page 1

CMS: Motley Fool Moneyball Superscore

70

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About CMS Energy

CMS Energy Corporation sends electricity and gas to Michigan homes. It keeps lights on and buildings warm for millions of people. The company manages pipes and wires that deliver everyday energy.

Powering Homes and Businesses

  • Electric Utility: Generates and distributes power using coal, wind, gas, oil, nuclear, and renewable sources for 1.9 million customers.
  • Gas Utility: Sells and stores natural gas through 28,433 miles of distribution mains and 14 storage fields.
  • NorthStar Clean Energy: Manages renewable power projects and marketing as an independent producer.

Building for the Future

  • Expanded the electric distribution system to include 82,854 miles of overhead lines.
  • Developed 14 gas storage fields to manage natural gas supply and demand.
  • Integrated renewable energy sources into the generation mix through the NorthStar Clean Energy segment.

What Sets CMS Apart

The company manages 82,854 miles of overhead electric lines and 28,433 miles of gas mains. It uses 1,102 substations to change power voltage and eight compressor stations to move gas. These systems deliver energy to 1.9 million electric and 1.8 million gas customers.

A Look at the Numbers

  • Market capitalization was $23.0 billion in the second quarter of 2026, up 11.2% year over year.
  • Price-to-earnings ratio reached 49.0 in the second quarter of 2026.
  • Market capitalization rose 31.3% from the second quarter of 2024 to the second quarter of 2026.

Bottom Line

CMS Energy has transitioned from a traditional utility to a provider with an increasing focus on clean energy. Its extensive infrastructure and large Michigan customer base provide a stable foundation for its regulated operations.

AI Generated • Jul 29, 2026

Industry

Multi-Utilities

Sector

Utilities

Employees

8,350

CEO

Garrick J. Rochow, MBA

Website

www.cmsenergy.com

Headquarters

Jackson, MI 49201, US

CMS Financials

Key Financial Metrics (TTM)

Gross Margin

69.67%

Operating Margin

18.95%

Net Income Margin

11.64%

Return on Equity

11.02%

Return on Capital

6.15%

Return on Assets

2.50%

Earnings Yield

4.86%

Dividend Yield

3.29%

Payout Ratio

67.25%

Stock Overview

Market Cap

$21.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

313.58M

Volume

3.16M

Avg. Volume

3.57M

Financials (TTM)

Gross Profit

$6.14B

Operating Income

$1.67B

EBITDA

$3.12B

Operating Cash Flow

$2.15B

Capital Expenditure

-$4.06B

Free Cash Flow

-$1.91B

Cash & ST Invst.

$241.00M

Total Debt

$19.30B

CMS Energy Performance Analysis

CMS Energy annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 8,596,000,00017.3%
20232023-12-31USD 7,462,000,000-13.2%
20242024-12-31USD 7,515,000,0000.7%
20252025-12-31USD 8,539,000,00013.6%
CMS Energy sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3010.0%
Q42025-12-3110.5%
Q12026-03-3122.3%
Q22026-06-30-33.0%
CMS Energy annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.85-38.8%
20232023-12-31USD 3.015.4%
20242024-12-31USD 3.3310.7%
20252025-12-31USD 3.525.9%
CMS Energy sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3039.4%
Q42025-12-312.2%
Q12026-03-3120.2%
Q22026-06-30-65.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$1.83B

-0.5%

Gross Profit

$1.15B

+61.6%

Gross Margin

63.09%

N/A

Market Cap

$21.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.57M

N/A

Employees

8,350

N/A

Net Income

$120.00M

-40.3%

EBITDA

$647.00M

-14.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$241.00M

-71.4%

Total Debt

$19.30B

+7.0%

Accounts Receivable

$1.02B

+9.3%

Inventory

$824.00M

+12.0%

Long Term Debt

$18.43B

+8.9%

Short Term Debt

$870.00M

-22.7%

Return on Assets

2.50%

N/A

Return on Invested Capital

4.43%

N/A

Free Cash Flow

-$345.00M

+26.6%

Operating Cash Flow

$622.00M

+50.2%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
EIXEdison International
$56.77+0.83%
EBRAXIA Energia S.A.
$9.20-2.65%
EVRGEvergy, Inc.
$81.54-0.48%
LNTAlliant Energy Corporation
$67.97-0.04%

Trending Stocks

Symbol / CompanyPricePrice Chg
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x ETF
$9.15-0.12%
NVDANvidia
$230.36+0.01%
PATHUiPath
$15.19-0.17%
INTCIntel
$95.80+0.05%

Questions About CMS

What is the current price of CMS Energy?

CMS Energy is trading at $68.46 per share.

What is the 52-week range for CMS Energy?

Over the past 52 weeks, CMS Energy has traded between $67.19 and $80.36.

How much debt does CMS Energy have?

As of the most recent reporting period, CMS Energy reported total debt of $19.30B.

How much cash does CMS Energy have on hand?

CMS Energy reported $345.00M in cash and cash equivalents in its most recent financial results.

What is CMS Energy’s dividend yield?

CMS Energy currently has a dividend yield of 3.29%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services