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	Jul '26 Jul 15, 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	23,194	21,427	19,914	17,098	18,446	18,849
Market Cap Growth	12.12%	7.59%	16.47%	-7.31%	-2.14%	6.92%
Enterprise Value	42,307	40,504	37,041	33,298	33,377	31,628
Last Close Price	75.08	69.93	66.65	58.07	63.33	65.05
PE Ratio	20.90	19.81	20.02	19.29	22.30	25.21
Forward PE	19.15	19.21	19.31	16.59	21.40	24.66
PEG Ratio	2.54	2.59	2.62	2.21	2.84	3.26
PS Ratio	2.65	2.51	2.65	2.29	2.15	2.57
PB Ratio	2.53	2.40	2.49	2.34	2.72	2.94
P/TBV Ratio	2.46	2.36	2.48	2.31	2.70	2.94
P/OCF Ratio	12.06	9.59	8.40	7.40	21.57	10.36
EV/Sales Ratio	4.80	4.74	4.93	4.46	3.88	4.32
EV/EBITDA Ratio	13.88	13.35	13.58	13.79	14.20	13.99
EV/EBIT Ratio	22.06	23.45	24.91	26.96	27.27	27.60
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
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)	4.76%	5.22%	5.16%	4.62%	5.37%	5.39%
Return on Capital Employed (ROCE)	4.71%	5.02%	4.72%	4.19%	4.46%	4.31%
Earnings Yield	4.69%	5.05%	5.00%	5.18%	4.48%	3.97%
Dividend Yield	3.04%	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	1.62%	2.25%	0.89%	2.84%	2.79%	1.58%

SEC Filings: 10-K · 10-Q