CMS Financial Statements From 2010 to 2026

CMSC Stock  USD 23.51  0.04  0.17%   
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:
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. Investors should ensure to validate all of CMS Energy's prevailing performance against the performance from 2010 to 2026 to make sure the company is sustainable next year. The current year's Market Cap is expected to grow to about 19.7 B, whereas Enterprise Value is forecasted to decline to about 6.7 B.

CMS Energy Total Revenue

6.47 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 6.5 B, Gross Profit of 2.4 B or Operating Income of 1.1 B, as well as many indicators such as Price To Sales Ratio of 2.57, Dividend Yield of 0.0251 or PTB Ratio of 1.59. 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.
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CMS Energy Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding207 M301 M267 M
Slightly volatile
Total Assets41.9 B39.9 B24.7 B
Slightly volatile
Short and Long Term Debt Total19.8 B18.9 B11.4 B
Slightly volatile
Other Current Liabilities2.7 B2.6 B1.1 B
Slightly volatile
Total Current Liabilities2.4 B2.6 B2.4 B
Slightly volatile
Total Stockholder Equity9.4 B8.9 B5.4 B
Slightly volatile
Property Plant And Equipment Net32.2 B30.7 B18.7 B
Slightly volatile
Net Debt19.2 B18.3 B11.2 B
Slightly volatile
Accounts Payable665.5 M1.1 B701.6 M
Slightly volatile
Cash645.8 M615 M240.2 M
Slightly volatile
Non Current Assets Total38.3 B36.5 B22.1 B
Slightly volatile
Cash And Short Term Investments645.8 M615 M241.4 M
Slightly volatile
Net Receivables960.1 M1.2 BB
Slightly volatile
Liabilities And Stockholders Equity41.9 B39.9 B23.7 B
Slightly volatile
Non Current Liabilities Total29 B27.6 B17.2 B
Slightly volatile
Inventory817.3 M884.4 M795.1 M
Very volatile
Other Current AssetsB2.9 B818.3 M
Slightly volatile
Other Stockholder Equity3.7 B6.9 B5.1 B
Slightly volatile
Total Liabilities16 B30.2 B19 B
Slightly volatile
Total Current Assets2.6 B3.5 B2.5 B
Slightly volatile
Short Term Debt833.8 M1.5 B869.2 M
Slightly volatile
Common Stock9.4 B8.9 B1.1 B
Slightly volatile
Short Term Investments18 M18.9 M657.8 M
Slightly volatile
Intangible Assets750.4 M844.2 M921.4 M
Slightly volatile
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 B9.9 B
Slightly volatile
Common Stock Total EquityB967.1 M415 M
Slightly volatile
Long Term Debt Total10.2 B13.8 B10 B
Slightly volatile
Capital Surpluse5.4 B5.9 BB
Slightly volatile
Capital Lease Obligations86.5 M62.1 M95.6 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 M7.9 B
Slightly volatile
Property Plant And Equipment Gross23.5 B21.7 B20.2 B
Pretty Stable

CMS Energy Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue6.5 B8.5 B6.8 B
Slightly volatile
Gross Profit2.4 B1.7 B2.4 B
Pretty Stable
Operating Income1.1 B1.7 B1.3 B
Pretty Stable
EBITB1.6 B1.4 B
Very volatile
EBITDA1.5 BB2.1 B
Pretty Stable
Income Tax Expense258.3 M246 M211.9 M
Slightly volatile
Depreciation And Amortization727.2 M1.4 B824.8 M
Slightly volatile
Other Operating Expenses6.5 B6.8 B5.8 B
Slightly volatile
Cost Of Revenue4.1 B6.8 B4.6 B
Slightly volatile
Total Operating Expenses7.2 B6.8 B1.9 B
Slightly volatile
Income Before Tax1.3 B1.2 B836 M
Slightly volatile
Interest Expense482.7 M789 M442 M
Slightly volatile
Selling General Administrative1.7 BB1.6 B
Slightly volatile
Net Income From Continuing Ops574.2 M757.9 M575.3 M
Slightly volatile
Net Income Applicable To Common Shares597.1 M782 M584.4 M
Slightly volatile
Minority Interest1.6 M1.8 MM
Slightly volatile
Tax Provision182.9 M160.2 M219.5 M
Slightly volatile
Interest Income470.1 M577.3 M443.8 M
Slightly volatile

CMS Energy Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow257.4 M178 M208.8 M
Slightly volatile
Total Cash From Operating Activities1.2 B2.2 B1.6 B
Slightly volatile
Net Income1.1 B1.1 B694.7 M
Slightly volatile
End Period Cash Flow645.8 M615 M268.6 M
Slightly volatile
Depreciation869.1 M1.4 B870.4 M
Slightly volatile
Net Borrowings703.6 M906.2 M681.3 M
Slightly volatile
Change To Netincome5.1 M5.4 M140.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.572.44461.8749
Slightly volatile
Dividend Yield0.02510.0310.0294
Very volatile
PTB Ratio1.592.34012.4779
Pretty Stable
Days Sales Outstanding40.3446.4751.9786
Pretty Stable
Book Value Per Share34.1632.532720.0904
Slightly volatile
Operating Cash Flow Per Share3.957.48745.7985
Pretty Stable
Capex To Depreciation1.512.192.1135
Very volatile
PB Ratio1.592.34012.4779
Pretty Stable
EV To Sales4.814.58573.4474
Slightly volatile
ROIC0.02390.03710.0387
Slightly volatile
Inventory Turnover4.55.045.664
Very volatile
Days Of Inventory On Hand98.0574.9667.6241
Very volatile
Payables Turnover4.893.556.3585
Slightly volatile
Capex To Revenue0.380.360.2812
Slightly volatile
Cash Per Share1.352.06030.8005
Slightly volatile
POCF Ratio8.669.33968.3979
Slightly volatile
Interest Coverage2.672.18882.5021
Slightly volatile
Payout Ratio0.380.60480.5677
Pretty Stable
Capex To Operating Cash Flow1.391.461.253
Slightly volatile
Days Payables Outstanding78.7110761.6446
Slightly volatile
Income Quality2.442.08682.6785
Slightly volatile
ROE0.130.12010.1335
Pretty Stable
EV To Operating Cash Flow27.6717.5215.934
Slightly volatile
Return On Tangible Assets0.02820.02680.027
Pretty Stable
Intangibles To Total Assets0.160.17350.165
Slightly volatile
Current Ratio0.861.33951.0242
Pretty Stable
Tangible Book Value Per Share34.1632.532719.4207
Slightly volatile
Receivables Turnover8.818.137.8487
Slightly volatile
Graham Number51.5749.116132.8548
Slightly volatile
Shareholders Equity Per Share31.3829.882719.1247
Slightly volatile
Debt To Equity3.02.11862.3505
Slightly volatile
Capex Per Share5.189.136.9403
Slightly volatile
Revenue Per Share38.4928.606426.5781
Pretty Stable
Interest Debt Per Share47.5265.953141.6891
Slightly volatile
Debt To Assets0.520.47310.4613
Slightly volatile
Enterprise Value Over EBITDA26.1319.222911.7108
Slightly volatile
Short Term Coverage Ratios1.041.71.8343
Very volatile
Operating Cycle154134121
Pretty Stable
Price Book Value Ratio1.592.34012.4779
Pretty Stable
Days Of Payables Outstanding78.7110761.6446
Slightly volatile
Dividend Payout Ratio0.380.60480.5677
Pretty Stable
Price To Operating Cash Flows Ratio8.669.33968.3979
Slightly volatile
Pretax Profit Margin0.150.14620.1188
Slightly volatile
Ebt Per Ebit0.690.72260.6753
Slightly volatile
Operating Profit Margin0.10.20220.1684
Very volatile
Effective Tax Rate0.190.19710.2556
Slightly volatile
Company Equity Multiplier6.414.47775.1518
Slightly volatile
Long Term Debt To Capitalization0.760.67930.6801
Very volatile
Total Debt To Capitalization0.790.67930.7018
Pretty Stable
Return On Capital Employed0.05510.04620.0574
Slightly volatile
Debt Equity Ratio3.02.11862.3505
Slightly volatile
Ebit Per Revenue0.10.20220.1684
Very volatile
Quick Ratio1.411.33950.7617
Slightly volatile
Dividend Paid And Capex Coverage Ratio3.623.45041.0712
Slightly volatile
Net Income Per E B T0.610.85820.7979
Slightly volatile
Cash Ratio0.120.23730.0879
Slightly volatile
Cash Conversion Cycle20.6621.7556.0669
Slightly volatile
Operating Cash Flow Sales Ratio0.270.26170.2326
Slightly volatile
Days Of Inventory Outstanding98.0574.9667.6241
Very volatile
Days Of Sales Outstanding40.3446.4751.9786
Pretty Stable
Cash Flow Coverage Ratios0.0960.11830.1449
Slightly volatile
Price To Book Ratio1.592.34012.4779
Pretty Stable
Fixed Asset Turnover0.260.27830.4153
Slightly volatile
Capital Expenditure Coverage Ratio0.640.710.8677
Slightly volatile
Price Cash Flow Ratio8.669.33968.3979
Slightly volatile
Enterprise Value Multiple26.1319.222911.7108
Slightly volatile
Debt Ratio0.520.47310.4613
Slightly volatile
Cash Flow To Debt Ratio0.0960.11830.1449
Slightly volatile
Price Sales Ratio2.572.44461.8749
Slightly volatile
Return On Assets0.02820.02680.0267
Slightly volatile
Asset Turnover0.420.21380.3081
Slightly volatile
Gross Profit Margin0.190.20220.3297
Very volatile
Price Fair Value1.592.34012.4779
Pretty Stable
Return On Equity0.130.12010.1335
Pretty Stable

CMS Energy Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap19.7 B18.8 B19.5 B
Slightly volatile
Enterprise Value6.7 BB9.5 B
Very volatile

CMS Fundamental Market Drivers

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 Revenue733.5 M770.2 M
Total Revenue8.5 B6.5 B
Cost Of Revenue6.8 B4.1 B
Capex To Revenue 0.36  0.38 
Revenue Per Share 28.61  38.49 
Ebit Per Revenue 0.20  0.10 

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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.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Will Electric Utilities sector continue expanding? Could CMS diversify its offerings? Factors like these will boost the valuation of CMS Energy. Projected growth potential of CMS fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every CMS Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Investors evaluate CMS Energy Corp using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating CMS Energy's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause CMS Energy's market price to deviate significantly from intrinsic value.
It's important to distinguish between CMS Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding CMS Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, CMS Energy's market price signifies the transaction level at which participants voluntarily complete trades.