CMS Energy Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 2, 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	24,202	21,427	19,914	17,098	18,446	18,849
Market Cap Growth	9.89%	7.59%	16.47%	-7.31%	-2.14%	6.92%
Enterprise Value	42,616	39,548	35,846	32,318	32,278	31,246
Last Close Price	78.58	69.93	66.65	58.07	63.33	65.05
PE Ratio	22.26	19.81	20.02	19.29	22.30	25.21
Forward PE	20.28	19.21	19.31	16.59	21.40	24.66
PEG Ratio	2.69	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	2.70	2.40	2.49	2.34	2.72	2.94
P/TBV Ratio	2.65	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	10.83	9.59	8.40	7.40	21.57	10.36
EV/Sales Ratio	4.99	4.63	4.77	4.33	3.76	4.26
EV/EBITDA Ratio	14.12	13.04	13.14	13.38	13.74	13.83
EV/EBIT Ratio	22.28	22.90	24.11	26.17	26.37	27.27
EV/FCF Ratio	-	-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	4.38%	5.05%	5.00%	5.18%	4.48%	3.97%
FCF Yield	-6.57%	-7.42%	-3.25%	-0.57%	-8.23%	-1.36%
Dividend Yield	2.90%	3.16%	3.16%	3.42%	2.97%	2.70%
Payout Ratio	62.25%	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	2.00%	2.25%	0.89%	2.84%	2.79%	1.58%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q