CMS

NYSE

CMS ENERGY CORP

Utilities, Multi-Utilities

$71.03

close 7 Aug 2026

-2.59%

52-week change

$22.28B

market cap

$68.64

$80.36

52-week range

Valuation

Market cap$22.28B

P/E (TTM / 5y avg)21.33x19.84x

Forward P/E (FY2026 / FY2027)18.34x17.09x

PEG (TTM / fwd)2.892.51

P/S (TTM)2.53x

P/B2.28x

EV/EBITDA (TTM)13.60x

FCF yield (TTM)-9.23%

Cash flow & dividend

FCF (TTM)-$2.06B

FCF per share (TTM)-$6.56

FCF margin (TTM)-23.33%

Dividend yield (indicated / 5y avg)3.21%3.07%

Annualized dividend$2.28

Payout ratio (EPS / FCF)——

Growth & quality

Revenue YoY, latest Q-0.49%

Diluted EPS YoY, latest Q-43.94%

Operating margin (TTM)18.95%

Net margin (TTM)11.64%

ROE (latest FY)11.71%

Net debt / EBITDA (TTM)6.22

Interest coverage (TTM)2.01

Price

+11.93%+2.29%/yrover 5y

Weekly closes · split-adjusted

close 7 Aug 2026

Fundamentals

Fiscal years, last 10, CAGR chips on growth series, plus a dimmed trailing-twelve-month bar

Revenue

5Y CAGR +5.88%10Y CAGR +2.84%

Diluted EPS

5Y CAGR +5.98%10Y CAGR +6.45%

FCF per share

Operating cash flow

5Y CAGR +11.86%10Y CAGR +3.14%

Free cash flow

Dividends per share

Payout ratio

FCF payout ratio

Operating margin

FCF margin

Return on equity

Return on capital employed

Shares outstanding

5Y CAGR +1.18%10Y CAGR +1.01%

Net debt / EBITDA

Interest coverage

Earnings

Street estimates, not SEC filings

Next / Q3 FY26

Date28 Oct 2026bmo

EPS estimate$1.14

Revenue estimate$2.17B

Last reported

Date—

EPS——

Revenue——