CMS Energy Financial Ratios
NYSE: CMSUtilitiesPower GenerationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CMS Energy ratio analysis
CMS Energy earned a net margin of 12.5% in FY 2025, down from 13.3% a year earlier. Return on equity reached 11.7%, meaning CMS Energy generated 0.12 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 2.05 versus 1.99 the year before, and the current ratio was 0.98.
At the end of FY 2025, CMS traded at 19.9 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 14.0 to 28.8, with a median of 21.0. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
CMS Energy financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 19.95 | 20.00 | 19.29 | 22.22 | 13.96 | 23.11 | 26.07 | 21.06 | 28.84 | 21.02 |
| Price / sales | 2.48 | 2.64 | 2.27 | 2.13 | 2.57 | 2.71 | 2.66 | — | — | — |
| Price / book | 2.31 | 2.41 | 2.24 | 2.61 | 2.84 | 3.16 | 3.51 | — | — | — |
| Operating margin | 20.2% | 19.8% | 16.6% | 14.2% | 15.6% | 19.2% | 16.8% | 16.9% | 20.3% | 19.6% |
| Net margin | 12.5% | 13.3% | 11.9% | 9.7% | 18.5% | 11.8% | 10.3% | 9.6% | 7.0% | 8.6% |
| Free cash flow margin | 26.2% | 31.5% | 30.9% | -17.7% | -3.5% | -16.1% | -4.6% | -5.4% | 0.6% | -0.7% |
| Return on equity (ROE) | 11.7% | 12.2% | 11.8% | 11.9% | 20.4% | 13.7% | 13.6% | 13.8% | 10.4% | 13.0% |
| Return on assets (ROA) | 2.7% | 2.8% | 2.6% | 2.7% | 4.7% | 2.5% | 2.5% | 2.7% | 2.0% | 2.5% |
| Debt / equity | 2.05 | 1.99 | 2.05 | 2.03 | 1.87 | 2.24 | 2.60 | 2.44 | 2.30 | 2.24 |
| Current ratio | 0.98 | 0.79 | 0.98 | 1.15 | 1.19 | 0.78 | 0.86 | 0.94 | 0.89 | 0.86 |
| Revenue growth | 13.6% | 0.7% | -13.2% | 17.3% | 14.2% | -3.1% | -3.6% | 4.4% | 2.9% | -0.9% |
| EPS growth | 6.0% | 10.6% | 5.6% | -38.8% | 76.5% | 10.5% | 3.0% | 41.5% | -17.2% | 4.8% |