CMS ENERGY CORP CMS
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS3.53
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.30B | $7.32B | $7.26B | $8.32B | $7.08B | $6.24B | $6.40B | $6.50B | $6.58B | $6.40B |
| Total operating expenses | $6.81B | $6.03B | $6.23B | $7.37B | $6.18B | $5.19B | $5.51B | $5.71B | $5.25B | $5.14B |
| Operating income | $1.73B | $1.49B | $1.24B | $1.22B | $1.15B | $1.23B | $1.11B | $1.16B | $1.34B | $1.26B |
| Interest expense | $789.0M | $708.0M | $643.0M | $519.0M | $500.0M | $505.0M | $460.0M | $458.0M | $438.0M | $435.0M |
| Pre-tax income | $1.25B | $1.12B | $954.0M | $902.0M | $823.0M | $809.0M | $764.0M | $774.0M | $886.0M | $826.0M |
| Income tax | $246.0M | $176.0M | $147.0M | $93.0M | $95.0M | $115.0M | $131.0M | $115.0M | $424.0M | $273.0M |
| Net income | $1.07B | $1.00B | $887.0M | $837.0M | $1.35B | $755.0M | $680.0M | $657.0M | $460.0M | $551.0M |
| EPS, basic | 3.53 | 3.34 | 3.01 | 2.85 | 4.66 | 2.65 | 2.40 | 2.33 | 1.64 | 1.99 |
| EPS, diluted | 3.53 | 3.33 | 3.01 | 2.85 | 4.66 | 2.64 | 2.39 | 2.32 | 1.64 | 1.98 |
| Shares, diluted (wtd. avg.) | $301.0M | $298.3M | $291.7M | $290.0M | $289.5M | $286.3M | $284.3M | $282.9M | $280.8M | $278.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $509.0M | $103.0M | $248.0M | $182.0M | $476.0M | $185.0M | $157.0M | $175.0M | $204.0M | $257.0M |
| Receivables | — | — | — | $1.56B | $931.0M | $853.0M | $886.0M | $964.0M | $1.03B | $821.0M |
| Total current assets | $3.47B | $2.79B | $2.84B | $3.43B | $2.63B | $2.40B | $2.33B | $2.47B | $2.48B | $2.28B |
| Property, plant and equipment | $30.68B | $27.46B | $25.07B | $22.71B | $22.35B | $21.02B | $18.93B | $18.13B | $16.76B | $15.71B |
| Total assets | $39.94B | $35.92B | $33.52B | $31.35B | $28.75B | $29.67B | $26.84B | $24.53B | $23.05B | $21.62B |
| Accounts payable | — | — | — | $928.0M | $875.0M | $661.0M | $622.0M | $723.0M | $725.0M | $598.0M |
| Short-term debt | $950.0M | $1.19B | $975.0M | $1.09B | $373.0M | $571.0M | $1.11B | $974.0M | $1.08B | $864.0M |
| Total current liabilities | $3.55B | $3.52B | $2.90B | $2.98B | $2.20B | $3.07B | $2.70B | $2.62B | $2.78B | $2.65B |
| Long-term debt | $17.81B | $15.19B | $14.51B | $13.12B | $12.05B | $11.74B | $11.95B | $10.62B | $9.12B | $8.64B |
| Retained earnings | $2.44B | $2.04B | $1.66B | $1.35B | $1.06B | $214.0M | -$25.0M | -$271.0M | -$531.0M | -$616.0M |
| Total equity | $9.14B | $8.23B | $8.12B | $7.59B | $7.19B | $6.08B | $5.05B | $4.79B | $4.48B | $4.29B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.23B | $2.37B | $2.31B | $855.0M | $1.82B | $1.28B | $1.79B | $1.70B | $1.71B | $1.63B |
| Depreciation and amortisation | $1.31B | $1.24B | $1.18B | $1.13B | $1.11B | $1.04B | $989.0M | $933.0M | $881.0M | $811.0M |
| Capital expenditure | — | — | — | $2.37B | $2.08B | $2.31B | $2.10B | $2.07B | $1.67B | $1.67B |
| Investing cash flow | -$4.04B | -$3.05B | -$3.39B | -$2.48B | -$1.23B | -$2.87B | -$2.82B | -$2.61B | -$1.87B | -$1.92B |
| Financing cash flow | $2.24B | $614.0M | $1.14B | $1.33B | -$295.0M | $1.62B | $1.01B | $874.0M | $110.0M | $255.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000811156-26-000004.
Others in SIC 4931
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DUK | Duke Energy CORP | $93.72B | 19.1x | 5.6% |
| XEL | XCEL ENERGY INC | $47.30B | 22.1x | — |
| EXC | EXELON CORP | $44.65B | — | 5.3% |
| ED | CONSOLIDATED EDISON INC | $39.54B | 19.0x | 10.2% |
| PCG | PG&E Corp | $38.33B | 12.1x | 2.1% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $36.73B | 17.5x | 22.8% |
| WEC | WEC ENERGY GROUP, INC. | $34.52B | 22.0x | 14.0% |
| AEE | AMEREN CORP | $29.48B | 19.9x | 15.4% |