Utilities
CMS Energy Corp(CMS)
Live Price
Offline$73.40
+0.12% today
1Y Change
+6.91%
Window
Jun 25, 2025 โ Jun 17, 2026
- Market Cap
- $23.15B
- Revenue Growth
- +13.6%
- EPS Growth
- +5.7%
- Dividend Yield
- 2.9%
Coverage: 246 bars ยท Jun 25, 2025 โ Jun 17, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
CMS Energy Corp (CMS) is a Utilities stock with a market cap of $23.15B and listed on NYSE. The stock last traded around $73.40 and up 6.9% across the available one-year price window (Jun 25, 2025 โ Jun 17, 2026). Baseline metrics include revenue growth of +13.6%, EPS growth of +5.7%, a dividend yield of 2.9%. What stands out right now is revenue +13.6%, EPS +5.7%, free cash flow -145.2% with operating margin 19.5% and ROIC 3.6%. The dividend matters to the case here, with a current yield around 2.9%. Valuation is more restrained than many high-expectation growth names at P/E 20.3 and price/sales 2.6. Stock Foundry combines CMS price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Utilities peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+13.6% vs +6.1% peer median
Operating Margin
Near sector median
+19.5% vs +21.0% peer median
P/E
Near sector median
20.3 vs 19.5 peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 23, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +13.6% and EPS at +5.7%, with operating margin around 19.5%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 2.9%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +0.5% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 23, 2026 | โ | -0.5% | +0.2% | -3.9% |
2026 Feb 5, 2026 | +1.8% | -0.0% | +2.6% | +5.9% |
2025 Oct 30, 2025 | +8.1% | +0.5% | -1.2% | +3.0% |
Benchmark Edge
CMS vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
CMS
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
CMS Max Drawdown
-12.16%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for CMS and SPY.
Company Overview
CMS Energy Corp
NYSE
CMS Energy Corporation is an energy holding company operating primarily through its subsidiary Consumers Energy, Michigan's largest electric and natural gas utility serving approximately 6.8 million residents across the state's Lower Peninsula. The company provides regulated electric service to 1.8 million customers and natural gas service to 1.8 million customers, operating as one of the nation's largest combination utilities. CMS Energy's second major business segment, NorthStar Clean Energy, engages in wholesale power generation and operates independent power generating plants across several states, offering custom energy and carbon reduction solutions to commercial clients. The company maintains substantial natural gas storage capacity among the largest in the United States, supporting seasonal energy needs. CMS Energy is transitioning toward cleaner energy sources, with approximately 10 percent of its power supply derived from wind, solar, hydro, and biomass resources. The company serves as a regulated utility in the utilities sector, providing essential energy infrastructure and services to residential, commercial, and industrial customers throughout Michigan and beyond.
- Leadership
- Mr. Garrick J. Rochow
- Employees
- 8.3k
- Street Address
- One Energy Plaza
- Mailing
- Jackson, MI, 49201
- Region
- Jackson, MI, United States
- Last Updated
- May 8, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 20.3
- EV/EBITDA
- 13.0
- Price/Sales
- 2.6
- Price/Book
- 2.4
Growth
- Revenue
- +13.6%
- EPS
- +5.7%
- Free Cash Flow
- -145.2%
Profitability
- Gross Margin
- 64.6%
- Operating Margin
- 19.5%
- Net Margin
- 12.5%
- ROE
- 12.3%
- ROIC
- 3.6%
Balance Sheet
- Debt/Equity
- 2.02
- Current Ratio
- 0.84
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.