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	Aug '26 Aug 14, 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 Capitalization	19,329	18,125	19,235	15,328	17,200	16,570
Market Cap Growth	4.58%	-5.77%	25.49%	-10.88%	3.80%	16.03%
Enterprise Value	36,516	33,887	35,181	29,899	30,676	28,305
PE Ratio	21.73	20.06	20.05	19.32	22.23	13.98
PS Ratio	2.51	2.49	2.65	2.27	2.14	2.57
PB Ratio	2.12	2.19	2.28	2.09	2.42	2.62
P/OCF Ratio	10.28	9.52	8.40	7.34	21.50	10.36
EV/Sales Ratio	4.80	4.66	4.85	4.43	3.81	4.39
EV/EBITDA Ratio	13.36	13.18	13.48	13.38	13.53	14.06
EV/EBIT Ratio	22.58	20.80	22.00	23.36	22.94	24.55
Debt / Equity Ratio	1.86	1.95	1.90	1.93	1.89	1.74
Debt / EBITDA Ratio	6.10	5.98	5.87	6.03	5.63	5.19
Net Debt / Equity Ratio	1.83	1.90	1.89	1.90	1.87	1.68
Net Debt / EBITDA Ratio	6.32	6.10	6.10	6.25	5.85	5.26
Net Debt / FCF Ratio	-9.98	-11.59	-25.44	-16.97	-9.33	-46.89
Quick Ratio	0.41	0.52	0.33	0.40	0.58	0.63
Current Ratio	0.94	0.98	0.79	0.98	1.15	1.19
Asset Turnover	0.22	0.23	0.22	0.23	0.29	0.25
Return on Equity (ROE)	9.16%	10.86%	11.22%	10.27%	10.95%	10.98%
Return on Assets (ROA)	2.97%	3.15%	2.98%	2.73%	2.97%	2.80%
Return on Capital Employed (ROCE)	4.90%	5.30%	5.10%	4.60%	5.00%	4.90%
Earnings Yield	4.60%	5.03%	5.04%	5.24%	4.55%	7.18%
FCF Yield	-8.65%	-7.47%	-3.25%	-5.37%	-8.26%	-1.36%
Dividend Yield	2.80%	3.13%	-	-	2.70%	2.91%
Payout Ratio	67.25%	61.91%	62.41%	65.28%	64.99%	37.55%
Buyback Yield / Dilution	-2.38%	-0.91%	-2.26%	-0.59%	-0.17%	-1.12%
Total Shareholder Return	0.43%	2.23%	-2.26%	-0.59%	2.53%	1.79%