CMS Energy Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	20,578	18,560	17,250	14,811	15,978	16,327
Market Cap Growth	2.52%	7.59%	16.47%	-7.31%	-2.14%	6.92%
Enterprise Value	37,231	34,257	31,051	27,994	27,960	27,065
PE Ratio	22.77	19.81	20.02	19.29	22.30	25.21
Forward PE	19.84	19.21	19.31	16.59	21.40	24.66
PEG Ratio	-	2.59	2.62	2.21	2.84	3.26
PS Ratio	2.83	2.51	2.65	2.29	2.15	2.57
PB Ratio	2.49	2.40	2.49	2.34	2.72	2.94
P/TBV Ratio	2.31	2.36	2.48	2.31	2.70	2.94
P/FCF Ratio	-	-13.48	-30.73	-174.47	-12.14	-73.34
P/OCF Ratio	10.81	9.59	8.40	7.40	21.57	10.36
EV/Sales Ratio	5.03	4.63	4.77	4.33	3.76	4.26
EV/EBITDA Ratio	13.55	13.04	13.14	13.38	13.74	13.83
EV/EBIT Ratio	22.39	22.90	24.11	26.17	26.37	27.27
EV/FCF Ratio	-27.51	-24.89	-55.32	-329.78	-21.25	-121.58
Debt / Equity Ratio	0.95	0.95	0.91	0.94	0.90	0.88
Debt / EBITDA Ratio	6.23	6.23	6.08	6.48	6.09	5.52
Debt / FCF Ratio	-11.89	-11.89	-25.56	-159.62	-9.42	-48.54
Net Debt / Equity Ratio	2.05	2.05	2.05	2.10	2.08	1.87
Net Debt / EBITDA Ratio	6.03	6.03	6.01	6.38	6.01	5.31
Net Debt / FCF Ratio	-11.51	-11.51	-25.28	-157.09	-9.30	-46.68
Asset Turnover	0.23	0.23	0.22	0.23	0.29	0.25
Quick Ratio	0.55	0.55	0.35	0.41	0.59	0.64
Current Ratio	0.98	0.98	0.79	0.98	1.15	1.19
Return on Equity (ROE)	5.59%	5.59%	5.80%	5.33%	5.69%	5.73%
Return on Assets (ROA)	3.66%	3.66%	3.61%	3.22%	3.65%	3.47%
Return on Invested Capital (ROIC)	3.92%	3.92%	3.83%	3.41%	3.90%	3.68%
Return on Capital Employed (ROCE)	5.02%	5.02%	4.72%	4.19%	4.46%	4.31%
Earnings Yield	4.39%	5.05%	5.00%	5.18%	4.48%	3.97%
FCF Yield	-6.58%	-7.42%	-3.25%	-0.57%	-8.23%	-1.36%
Dividend Yield	2.97%	3.16%	3.16%	3.42%	2.97%	2.70%
Payout Ratio	67.72%	62.49%	63.04%	66.02%	65.78%	37.69%
Buyback Yield / Dilution	-0.91%	-0.91%	-2.26%	-0.59%	-0.17%	-1.12%
Total Shareholder Return	2.07%	2.25%	0.89%	2.84%	2.79%	1.58%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.