Accessibility Menu
CMS Energy logo

CMS Energy(NYSE) CMS

Market Cap$22.57BMarket 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)+2,061%
5 Year+36%
1 Year+1%
1 Month-5%
$72.10
-0.22%
-0.16Today
After hours$72.04-$0.06 (-0.08%)
CMS Energy last closing stock price
MetricPriceDate
Last closeUSD 71.992026-07-31
CMS Energy stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.63%USD 74.702026-07-24
1 month-5.18%USD 75.922026-07-01
3 month-4.58%USD 75.442026-05-01
Year to date+4.52%USD 68.882025-12-31
1 year+0.52%USD 71.622025-07-31
3 year+31.03%USD 54.942023-08-01
5 year+35.91%USD 52.972021-07-30
Since inception+2,060.61%USD 3.331968-01-02

CMS Energy Financials at a Glance

Market Cap

$22.57BMarket 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

21.63

Dividend

$2.23

Beta (Volatility)

0.26 (Low)

Price

$72.10

Volume

4,537,560.61

Open

$72.10

Previous Close

$71.99

Daily Range

$71.54 - $72.56

52-Week Range

$68.64 - $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

72

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 provides electricity and natural gas to homes and businesses in Michigan. Its services help people heat, cool, and power their daily lives. The company also supports renewable energy for a cleaner environment.

Powering Up: Products and Services

  • Electric Utility: Supplies electricity to 1.9 million customers, using coal, gas, wind, solar, oil, and nuclear sources.
  • Gas Utility: Delivers natural gas to 1.8 million customers for heating, cooking, and industrial use.
  • NorthStar Clean Energy: Develops and operates renewable energy projects, including wind, solar, and wood waste power plants.
  • Energy Efficiency Programs: Offers programs to help customers reduce energy use and costs.
  • Battery Storage Facilities: Provides backup power and grid stability through four battery storage sites.

Growth Spurts: How CMS Energy Got Here

  • Acquired Covert Generating Station (1,200 MW natural gas plant) in May 2023.
  • Retiring all coal-fueled generation by 2025 to focus on cleaner energy.
  • Launched major grid reliability and clean energy investment plan, with $20 billion planned through 2029.
  • Sold unregulated ASP business in 2024, gaining $110 million.
  • Contracted 400 MW of battery storage to be operational by 2027.

What Makes CMS Energy Stand Out

CMS Energy operates both electric and gas utilities, offering integrated energy solutions in Michigan. Its regulated market structure provides revenue stability and supports large-scale infrastructure investments. The company’s clean energy transition and customer-focused programs set it apart in the utilities sector.

Five Things You Need to Know

  • Revenue was $2.23 billion in Q4 2025, up 12.3% from Q4 2024.
  • Net income reached $993 million in 2024, up 13.2% from 2023.
  • Electric utility delivered 36.8 billion kWh in 2024, up 1.4% from 2023.
  • Cash flow from operations was $2.37 billion in 2024, up 2.6% from 2023.

Bottom Line

CMS Energy has evolved by investing in clean energy and modern infrastructure. Its integrated approach and regulated market position support steady growth and adaptation.

AI Generated • Apr 16, 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

4.62%

Dividend Yield

3.09%

Payout Ratio

67.25%

Stock Overview

Market Cap

$22.57BMarket 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

4.54M

Avg. Volume

3.36M

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

$22.57BMarket 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

$2.70M

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
EBRAXIA Energia S.A.
$9.20-2.65%
EVRGEvergy, Inc.
$83.01-0.29%
LNTAlliant Energy Corporation
$70.78-0.16%
FEFirstEnergy Corp.
$48.31-0.82%

Trending Stocks

Symbol / CompanyPricePrice Chg
NVDANvidia
$200.75+0.03%
AAPLApple
$308.91-0.07%
AMZNAmazon
$271.58+0.15%
INTCIntel
$90.20-0.01%

Questions About CMS

What is the current price of CMS Energy?

CMS Energy is trading at $71.99 per share.

What is the 52-week range for CMS Energy?

Over the past 52 weeks, CMS Energy has traded between $68.64 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 3.09%.

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