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	May '26 May 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 Cap	22,557	21,427	19,914	17,098	18,446	18,849
Market Cap Growth	2.42%	7.59%	16.47%	-7.31%	-2.14%	6.92%
Enterprise Value	41,525	39,548	35,846	32,318	32,278	31,246
Last Close Price	73.02	69.93	66.65	58.07	63.33	65.05
PE Ratio	20.09	19.81	20.02	19.29	22.30	25.21
Forward PE	18.26	19.21	19.31	16.59	21.40	24.66
PEG Ratio	2.47	2.59	2.62	2.21	2.84	3.26
PS Ratio	2.56	2.51	2.65	2.29	2.15	2.57
PB Ratio	2.43	2.40	2.49	2.34	2.72	2.94
P/TBV Ratio	2.40	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	11.66	9.59	8.40	7.40	21.57	10.36
EV/Sales Ratio	4.71	4.63	4.77	4.33	3.76	4.26
EV/EBITDA Ratio	13.62	13.04	13.15	13.38	13.74	13.83
EV/EBIT Ratio	21.65	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	1.76	1.85	1.76	1.80	1.74	1.68
Debt / EBITDA Ratio	6.25	6.23	6.08	6.48	6.09	5.52
Debt / FCF Ratio	-9.37	-11.89	-25.56	-159.62	-9.42	-48.54
Net Debt / Equity Ratio	2.04	2.05	2.05	2.10	2.08	1.87
Net Debt / EBITDA Ratio	6.16	6.03	6.01	6.38	6.01	5.31
Net Debt / FCF Ratio	-9.25	-11.51	-25.28	-157.09	-9.30	-46.68
Asset Turnover	0.22	0.23	0.22	0.23	0.29	0.25
Quick Ratio	0.47	0.55	0.35	0.41	0.59	0.64
Current Ratio	0.84	0.98	0.79	0.98	1.15	1.19
Return on Equity (ROE)	9.96%	10.86%	11.22%	10.27%	10.95%	10.98%
Return on Assets (ROA)	3.38%	3.66%	3.61%	3.22%	3.65%	3.47%
Return on Invested Capital (ROIC)	3.61%	3.92%	3.83%	3.41%	3.90%	3.68%
Return on Capital Employed (ROCE)	4.71%	5.02%	4.72%	4.19%	4.46%	4.31%
Earnings Yield	4.85%	5.05%	5.00%	5.18%	4.48%	3.97%
FCF Yield	-9.00%	-7.42%	-3.25%	-0.57%	-8.23%	-1.36%
Dividend Yield	3.12%	3.16%	3.16%	3.42%	2.97%	2.70%
Payout Ratio	61.39%	62.49%	63.04%	66.02%	65.78%	37.69%
Buyback Yield / Dilution	-1.41%	-0.91%	-2.26%	-0.59%	-0.17%	-1.12%
Total Shareholder Return	1.71%	2.25%	0.89%	2.84%	2.79%	1.58%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q