CMS ENERGY CORP financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q4 2025.

Symbol
CMS, CMSA, CMSC, CMSD, CMS-PC on NYSE
Location
Jackson, MI
Fiscal year end
31 December
Latest financial report
10 Feb 2026

Quick Takeaways

  • CMS - CMS ENERGY CORP financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q4 2025.
  • Headline metric: Return On Equity 12%.

What Changed

  • Return On Equity YoY change: <span class="text-red-600">-3.1%</span>.
  • Most recent SEC facts end date: 16 Jan 2026.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2026-01-16) highlights Return On Equity 12.3%, Return On Assets 2.8%, and Operating Margin 20.8%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

54.8/100

Caution Confidence medium

Return On Equity

12%

Metric score 25.5/100

Return On Assets

2.8%

Metric score 10.3/100

Financial Health

Current Ratio
0.98x

Strengths

Operating Margin, Current Ratio, and Revenues YoY

Watchpoints

Return On Equity and Return On Assets

Key metrics snapshot

Return On Equity

12%

YoY: -3.1%

Industry median: 8.6% (n=26)

View history

Return On Assets

2.8%

YoY: -2.3%

Industry median: 2.6% (n=27)

View history

Operating Margin

21%

YoY: +2.4%

Industry median: 19% (n=23)

View history

Current Ratio

0.98x

YoY: +23%

Industry median: 0.8x (n=32)

View history

Revenues YoY

13%

YoY:

Industry median: 9.6% (n=17)

View history

NetIncomeLoss YoY

6.8%

YoY:

Industry median: 7% (n=26)

View history

Profitability

Metric Latest value YoY change
Return On Equity 12% -3.1%
Return On Assets 2.8% -2.3%
Operating Margin 21% +2.4%

Financial Health

Metric Latest value YoY change
Current Ratio 0.98x +23%

Growth

Metric Latest value YoY change
Revenues YoY 13%
NetIncomeLoss YoY 6.8%

Share Metrics

Metric Latest value YoY change
Entity Common Stock, Shares Outstanding 306,420,901 +2.6%
Common Stock, Shares, Outstanding 306,400,000 +2.5%
Common Stock, Value, Issued $3,000,000 0%
Weighted Average Number of Shares Outstanding, Basic 300,400,000 +0.94%
Weighted Average Number of Shares Outstanding, Diluted 301,000,000 +0.9%

Additional Metrics

Metric Latest value YoY change
Revenue from Contract with Customer, Excluding Assessed Tax $8,305,000,000 +13%
Costs and Expenses $6,812,000,000 +13%
Operating Income (Loss) $1,727,000,000 +16%
Nonoperating Income (Expense) $310,000,000 -9.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1,248,000,000 +11%
Income Tax Expense (Benefit) $246,000,000 +40%
Earnings Per Share, Basic 3.53 +5.7%
Earnings Per Share, Diluted 3.53 +6%
Cash and Cash Equivalents, at Carrying Value $509,000,000 +394%
Other Assets, Current $160,000,000 +55%
Assets, Current $3,472,000,000 +24%
Property, Plant and Equipment, Net $30,680,000,000 +12%
Operating Lease, Right-of-Use Asset $22,000,000 -8.3%
Other Assets, Noncurrent $398,000,000 +3.6%
Assets $39,941,000,000 +11%
Liabilities, Current $3,548,000,000 +0.77%
Deferred Income Tax Liabilities, Net $3,252,000,000 +11%
Operating Lease, Liability, Noncurrent $19,000,000 -9.5%
Other Liabilities, Noncurrent $392,000,000 -3.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax $36,000,000 +12%
Retained Earnings (Accumulated Deficit) $2,443,000,000 +20%
Stockholders' Equity Attributable to Parent $9,144,000,000 +11%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $9,711,000,000 +11%
Liabilities and Equity $39,941,000,000 +11%
Common Stock, Shares Authorized 350,000,000 0%
Common Stock, Par or Stated Value Per Share 0.01 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $615,000,000 +246%
Deferred Tax Assets, Valuation Allowance $2,000,000 +100%
Deferred Tax Assets, Gross $449,000,000 -24%
Operating Lease, Liability $22,000,000 -8.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $1,076,000,000 +6.7%
Lessee, Operating Lease, Liability, to be Paid $38,000,000 -9.5%
Operating Lease, Liability, Current $3,000,000 0%
Lessee, Operating Lease, Liability, to be Paid, Year Two $2,000,000 -33%
Lessee, Operating Lease, Liability, to be Paid, Year One $4,000,000 0%
Operating Lease, Weighted Average Discount Rate, Percent 0.053 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $16,000,000 -11%
Lessee, Operating Lease, Liability, to be Paid, Year Three $2,000,000 0%
Preferred Stock, Shares Authorized 10,000,000 +8.7%
Unrecognized Tax Benefits $29,000,000 +21%
Lessee, Operating Lease, Liability, to be Paid, Year Four $2,000,000 0%
Depreciation, Depletion and Amortization $1,306,000,000 +5.3%
Deferred Tax Assets, Net of Valuation Allowance $447,000,000 -24%
Preferred Stock, Par or Stated Value Per Share 0.01 0%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY