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Company Analysis

CMS Energy Corporation CMS

A comprehensive view of key metrics, scores, and financial health for CMS Energy Corporation

Overview of CMS Energy Corporation

CMS NYQ
Utilities Utilities - Regulated Electric Large Cap
CMS Energy Corporation (CMS), is a Large Cap company, in the Utilities - Regulated Electric industry, last closed at $75.92, about 37.1% overvalued vs fair value, +3.1% 1Y return, ranked 35/116 in sector.
Metrics P/E 20.2× Rev Growth 13.6% ROE 12.3% Gross Margin 41.5% Div Yield 3.12%
$75.92
-0.17%
As of April 28, 2026
Previous close • Vol 90d: 16.0%
52-Week Range
Market Cap
$23.38B
Enterprise Value
$41.77B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 82%
Confidence: 89%
Updated: Mar 8
Top Beats

Quick Facts

Website https://www.cmsenergy.com
HQ Jackson, MI
Employees 8,350
Fiscal year Dec 31

Next Events

Earnings Apr 23 Estimated

Fair Value Snapshot

Bear Base Bull
$39
$48
$56
Current: $75.92 -37% vs base

Engine Room Money Flow™

Large Cap

Regulated Utilities - Where revenue goes and how value is created

Flow Steps
Total Revenue
$8.5B
13.6%%
EBITDA
$3.4B
9.2%%
Operating Income (EBIT)
$1.7B
16.1%%
Net Income
$1.1B
6.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Regulated Utilities

Quality & Reliability Indicators

FFO / Total Debt
13.6%
Fair

FFO ÷ Total Debt — the primary S&P/Moody's credit metric for utility ratings. >15% is investment-grade; >20% signals strong credit quality.

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.2B
46.1% of FFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
4
Active Leaks
0/4
Improving
1
High Impact
2
Critical
Locked Leak
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Locked Leak
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Locked Leak
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Moat Analysis Regulated Utilities

Competitive Advantage Assessment

Evaluating CMS Energy Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
51
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Regulatory Franchise

Developing
46
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Regulated Utilities vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing CMS's balance between Growth (38.8%), Profitability (30.7%), and Safety (30.5%). Growth 39% Safety 31% Profitability 31%

Click axes to expand details. Marker shows current allocation.

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Growth

60th percentile vs peers
60
Key Signals
Asset Growth YoY 11.2% 65p Rev Growth YoY 13.6% 76p Equity Growth YoY 11.4% 82p EPS Growth YoY 4.0% 51p Revenue CAGR 3Y -0.2% 14p
Strengths
  • Debt/Assets in top 20% of peers (47.3%, 80th percentile)
  • Growth above peer median with strong metric coverage (100%)
  • Equity Growth YoY in top 20% of peers (11.4%, 82th percentile)
Risks

No significant risks identified for this axis.

Profitability

47th percentile vs peers
48
Key Signals
Strengths
Risks
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Safety

47th percentile vs peers
47
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for CMS Energy Corporation.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$47.79
- - -
-37.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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