CMS Financial Statements From 2010 to 2025

CMSA Stock  USD 22.02  0.16  0.73%   
CMS Energy's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing CMS Energy's valuation are provided below:
Market Capitalization
6.2 B
We have found one hundred twenty available fundamental signals for CMS Energy Corp, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to validate all of CMS Energy Corp prevailing market performance against the performance between 2010 and 2025 to make sure the company can sustain itself next year. The current year's Market Cap is expected to grow to about 7.4 B, whereas Enterprise Value is forecasted to decline to about 12.5 B.

CMS Energy Total Revenue

6.41 Billion

Check CMS Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CMS Energy's main balance sheet or income statement drivers, such as Total Revenue of 6.4 B, Gross Profit of 2.5 B or Operating Income of 1 B, as well as many indicators such as Price To Sales Ratio of 0.8, Dividend Yield of 0.0477 or PTB Ratio of 0.55. CMS financial statements analysis is a perfect complement when working with CMS Energy Valuation or Volatility modules.
  
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Check out the analysis of CMS Energy Correlation against competitors.
For information on how to trade CMS Stock refer to our How to Trade CMS Stock guide.

CMS Energy Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding203.7 M298.3 M264.2 M
Slightly volatile
Total Assets17.7 B34.1 B22 B
Slightly volatile
Short and Long Term Debt Total8.4 B11.3 B9.7 B
Slightly volatile
Other Current Liabilities998 M1.2 B957.1 M
Slightly volatile
Total Current Liabilities2.3 B2.6 B2.3 B
Slightly volatile
Total Stockholder Equity12 B11.4 B5.7 B
Slightly volatile
Property Plant And Equipment Net30.3 B28.9 B18 B
Slightly volatile
Net Debt8.2 B11.3 B9.5 B
Slightly volatile
Accounts Payable659 M917 M674.5 M
Slightly volatile
Cash290.4 M261.1 M201.5 M
Slightly volatile
Non Current Assets Total38 B36.2 B21.3 B
Slightly volatile
Cash And Short Term Investments290.4 M261.1 M201.5 M
Slightly volatile
Net Receivables942.6 M1.1 B992 M
Slightly volatile
Liabilities And Stockholders Equity35.8 B34.1 B22 B
Slightly volatile
Non Current Liabilities Total11.5 B20.1 B14.4 B
Slightly volatile
Inventory816.4 M1.1 B808.8 M
Very volatile
Other Current Assets544.3 M839.5 M525.5 M
Slightly volatile
Other Stockholder Equity8.4 BB5.5 B
Slightly volatile
Total Liabilities15.1 B22.7 B17.7 B
Slightly volatile
Total Current Assets2.6 B3.3 B2.5 B
Slightly volatile
Short Term Debt772.9 M521 M722.1 M
Slightly volatile
Common Stock883 M841 M562.9 M
Pretty Stable
Net Tangible Assets4.5 B5.5 B4.3 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity29.6 M33.3 M36.3 M
Slightly volatile
Long Term Debt10 B13.7 B9.8 B
Slightly volatile
Common Stock Total EquityB967.1 M388.4 M
Slightly volatile
Long Term Debt Total10.2 B13.8 B9.9 B
Slightly volatile
Capital Surpluse5.4 B5.9 BB
Slightly volatile
Capital Lease Obligations86.5 M62.1 M97.3 M
Slightly volatile
Deferred Long Term Liabilities1.4 B1.4 B1.7 B
Slightly volatile
Long Term Investments1.2 BB1.3 B
Slightly volatile
Non Current Liabilities Other4.4 B5.6 B4.2 B
Slightly volatile
Property Plant Equipment806.3 M848.7 M8.4 B
Slightly volatile
Property Plant And Equipment Gross23.5 B21.7 B20.3 B
Slightly volatile
Other Liabilities4.5 BB4.4 B
Slightly volatile
Short and Long Term Debt1.3 B1.5 B1.2 B
Slightly volatile

CMS Energy Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue6.4 B7.5 B6.7 B
Slightly volatile
Gross Profit2.5 BB2.5 B
Very volatile
Operating IncomeB1.5 B1.3 B
Slightly volatile
EBITB1.2 B1.3 B
Pretty Stable
EBITDA1.5 B2.4 B2.1 B
Pretty Stable
Income Tax Expense102.7 M176 M201 M
Slightly volatile
Depreciation And Amortization746.8 M1.2 B823 M
Slightly volatile
Other Operating Expenses6.5 BB5.8 B
Slightly volatile
Cost Of Revenue3.9 B5.5 B4.3 B
Pretty Stable
Total Operating Expenses6.3 BB2.1 B
Slightly volatile
Income Before Tax1.2 B1.1 B806.1 M
Slightly volatile
Interest Expense464.3 M708 M424.1 M
Slightly volatile
Selling General Administrative1.7 BB1.6 B
Slightly volatile
Net Income From Continuing Ops574.2 M757.9 M570.1 M
Slightly volatile
Net Income Applicable To Common Shares597.1 M782 M578.4 M
Slightly volatile
Minority Interest1.6 M1.8 MM
Slightly volatile
Tax Provision182.9 M160.2 M222.1 M
Slightly volatile
Interest Income470.1 M577.3 M440.2 M
Slightly volatile

CMS Energy Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow259.4 M248 M210.8 M
Slightly volatile
Dividends Paid657.3 M626 M397.8 M
Slightly volatile
Total Cash From Operating Activities2.5 B2.4 B1.6 B
Slightly volatile
Net Income1.1 BB666.7 M
Slightly volatile
End Period Cash Flow245.5 M285.2 M228.7 M
Slightly volatile
Depreciation876.8 M1.2 B844 M
Slightly volatile
Net Borrowings703.6 M906.2 M674.7 M
Slightly volatile
Change To Netincome5.1 M5.4 M149.2 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.80.88470.9971
Slightly volatile
Dividend Yield0.04770.09420.0561
Slightly volatile
PTB Ratio0.550.58351.7185
Slightly volatile
Operating Cash Flow Per Share4.337.9535.4723
Slightly volatile
Stock Based Compensation To Revenue0.00210.00340.0025
Slightly volatile
Capex To Depreciation2.533.142.3534
Pretty Stable
PB Ratio0.550.58351.7185
Slightly volatile
EV To Sales1.862.39352.3504
Slightly volatile
Inventory Turnover8.25.647.1758
Pretty Stable
Net Income Per Share1.773.36582.236
Slightly volatile
Days Of Inventory On Hand67.8266.9982.9043
Pretty Stable
Capex To Revenue0.220.390.2725
Slightly volatile
Cash Per Share1.00.90.882
Pretty Stable
POCF Ratio5.482.80524.8553
Slightly volatile
Interest Coverage2.292.4259.2726
Slightly volatile
Payout Ratio0.690.62410.6368
Pretty Stable
Capex To Operating Cash Flow1.041.251.2388
Slightly volatile
Income Quality2.812.36292.6143
Pretty Stable
ROE0.140.0880.1342
Pretty Stable
EV To Operating Cash Flow8.567.589611.055
Pretty Stable
PE Ratio6.36.628512.4485
Slightly volatile
Return On Tangible Assets0.0280.02950.3961
Slightly volatile
Earnings Yield0.160.15090.0958
Slightly volatile
Graham Number56.553.810131.656
Slightly volatile
Shareholders Equity Per Share40.1538.234919.2892
Slightly volatile
Capex Per Share5.519.956.7011
Slightly volatile
Revenue Per Share27.7525.218125.0459
Pretty Stable
Debt To Assets0.320.3335.9632
Slightly volatile
Enterprise Value Over EBITDA6.497.39928.0689
Very volatile
Short Term Coverage Ratios3.944.54892.979
Very volatile
Price Earnings Ratio6.36.628512.4485
Slightly volatile
Operating Cycle109109133
Pretty Stable
Price Book Value Ratio0.550.58351.7185
Slightly volatile
Dividend Payout Ratio0.690.62410.6368
Pretty Stable
Price To Operating Cash Flows Ratio5.482.80524.8553
Slightly volatile
Pretax Profit Margin0.0880.14940.1114
Slightly volatile
Ebt Per Ebit0.540.75520.6707
Slightly volatile
Operating Profit Margin0.130.19790.1641
Pretty Stable
Effective Tax Rate0.30.15670.2614
Slightly volatile
Ebit Per Revenue0.130.19790.1641
Pretty Stable
Dividend Paid And Capex Coverage Ratio3.983.78591.1167
Slightly volatile
Net Income Per E B T0.630.89310.7935
Slightly volatile
Operating Cash Flow Sales Ratio0.180.31540.2229
Slightly volatile
Days Of Inventory Outstanding67.8266.9982.9043
Pretty Stable
Cash Flow Coverage Ratios0.220.2090.1674
Slightly volatile
Price To Book Ratio0.550.58351.7185
Slightly volatile
Fixed Asset Turnover0.450.340.4233
Slightly volatile
Capital Expenditure Coverage Ratio0.940.820.871
Slightly volatile
Price Cash Flow Ratio5.482.80524.8553
Slightly volatile
Enterprise Value Multiple6.497.39928.0689
Very volatile
Debt Ratio0.320.3335.9632
Slightly volatile
Cash Flow To Debt Ratio0.220.2090.1674
Slightly volatile
Price Sales Ratio0.80.88470.9971
Slightly volatile
Return On Assets0.0280.02950.3944
Slightly volatile
Asset Turnover0.210.22076.3076
Slightly volatile
Net Profit Margin0.07060.13350.0901
Slightly volatile
Gross Profit Margin0.440.2620.3786
Pretty Stable
Price Fair Value0.550.58351.7185
Slightly volatile
Return On Equity0.140.0880.1342
Pretty Stable

CMS Energy Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.4 B7.3 B6.6 B
Very volatile
Enterprise Value12.5 B18.4 B17.2 B
Slightly volatile

About CMS Energy Financial Statements

CMS Energy stakeholders use historical fundamental indicators, such as CMS Energy's revenue or net income, to determine how well the company is positioned to perform in the future. Although CMS Energy investors may analyze each financial statement separately, they are all interrelated. For example, changes in CMS Energy's assets and liabilities are reflected in the revenues and expenses on CMS Energy's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CMS Energy Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue686.7 M721 M
Total Revenue7.5 B6.4 B
Cost Of Revenue5.5 B3.9 B
Capex To Revenue 0.39  0.22 
Revenue Per Share 25.22  27.75 
Ebit Per Revenue 0.20  0.13 

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When determining whether CMS Energy Corp is a strong investment it is important to analyze CMS Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CMS Energy's future performance. For an informed investment choice regarding CMS Stock, refer to the following important reports:
Check out the analysis of CMS Energy Correlation against competitors.
For information on how to trade CMS Stock refer to our How to Trade CMS Stock guide.
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Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CMS Energy. If investors know CMS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CMS Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share
1.355
The market value of CMS Energy Corp is measured differently than its book value, which is the value of CMS that is recorded on the company's balance sheet. Investors also form their own opinion of CMS Energy's value that differs from its market value or its book value, called intrinsic value, which is CMS Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMS Energy's market value can be influenced by many factors that don't directly affect CMS Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CMS Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMS Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMS Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.