Market cap
$21,803 Mln
Revenue (TTM)
$8,975 Mln
P/E Ratio
24.8
P/B Ratio
2.3
Div. Yield
3.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 19.35 | 8.02 | 8.20 | 4.83 | 4.82 |
| EBIT | -70.21 | -81.40 | -26.04 | 1.58 | 1.17 |
| Net Profit | 134.03 | 19.50 | 13.07 | 16.18 | -14.06 |
| EPS | -1.63 | -57.41 | -17.52 | 3.91 | -0.90 |
| Book Value | -- | -- | 10.45 | 8.10 | 7.51 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 23.21 | 20.84 | 16.71 | 23.86 | 24.36 |
| Net Margin
| -- | -- | 9.72 | -- | -- |
| Return on equity
| 12.41 | 14.16 | 12.71 | 12.33 | 12.72 |
| Return on Capital
| 4.07 | 4.56 | -- | 4.05 | 4.18 |
| Return on Assets
| 2.81 | 3.17 | 2.02 | 2.81 | 2.89 |
| Debt to Equity (x)
| -- | -- | 1.93 | 2.07 | 2.02 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
4.05
|
4.18
|
3.98
|
4.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
12.71
Higher than Peers by 3.66
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
12.71
|
12.33
|
12.72
|
12.18
|
12.27
|
|
Peer Median
|
9.05
|
--
|
--
|
--
|
--
|
ROA
2.02
Lower than Peers by 0.48
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
2.02
|
2.81
|
2.89
|
2.73
|
2.79
|
|
Peer Median
|
2.51
|
--
|
--
|
--
|
--
|
EBIT Margin
16.71
Lower than Peers by 7.14
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
16.71
|
23.86
|
24.36
|
21.40
|
16.53
|
|
Peer Median
|
23.86
|
--
|
--
|
--
|
--
|
Net Margin
9.72
Lower than Peers by 3.24
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
9.72
|
12.54
|
13.35
|
11.89
|
9.74
|
|
Peer Median
|
12.96
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
8.20
Higher than Peers by 4.44
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
8.20
|
0.14
|
0.01
|
-0.13
|
0.17
|
|
Peer Median
|
3.76
|
--
|
--
|
--
|
--
|
EBIT Growth
-26.04
Lower than Peers by 36.01
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
-26.04
|
11.25
|
14.65
|
12.39
|
7.41
|
|
Peer Median
|
9.97
|
--
|
--
|
--
|
--
|
Net Profit Growth
13.07
Higher than Peers by 6.75
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
13.07
|
6.78
|
13.08
|
5.97
|
-38.14
|
|
Peer Median
|
6.32
|
--
|
--
|
--
|
--
|
EPS Growth
-17.52
Lower than Peers by 21.80
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
-17.52
|
0.06
|
0.11
|
0.05
|
-0.38
|
|
Peer Median
|
4.28
|
--
|
--
|
--
|
--
|
Book Value Growth
5.24
Higher than Peers by 0.77
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
5.24
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.47
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.93
Higher than Peers by 0.69
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
1.93
|
2.07
|
2.02
|
2.08
|
2.04
|
|
Peer Median
|
1.23
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.13
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
0.13
|
0.10
|
0.15
|
0.14
|
0.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.95
Higher than Peers by 0.09
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
0.95
|
0.98
|
0.79
|
0.98
|
1.15
|
|
Peer Median
|
0.85
|
--
|
--
|
--
|
--
|
Quick Ratio
0.67
Higher than Peers by 0.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
0.67
|
0.76
|
0.57
|
0.66
|
0.78
|
|
Peer Median
|
0.66
|
--
|
--
|
--
|
--
|
Interest Coverage
1.81
Lower than Peers by 0.85
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
1.81
|
2.58
|
2.59
|
2.48
|
2.74
|
|
Peer Median
|
2.66
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
12.84
Lower than Peers by 1.27
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
12.84
|
15.49
|
14.15
|
12.65
|
18.38
|
|
Peer Median
|
14.11
|
--
|
--
|
--
|
--
|
Asset Turnover
0.21
Higher than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
0.21
|
0.22
|
0.22
|
0.23
|
0.29
|
|
Peer Median
|
0.20
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
51.03
|
48.77
|
61.77
|
53.60
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
85.35
|
72.40
|
81.59
|
55.85
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
136.62
|
80.67
|
69.28
|
57.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
--
|
-0.24
|
40.50
|
74.08
|
52.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
24.83
Higher than Peers by 3.73
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
24.83
|
19.63
|
19.85
|
19.27
|
22.04
|
|
Peer Median
|
21.09
|
--
|
--
|
--
|
--
|
Price / Book Value
2.25
Higher than Peers by 0.17
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
2.25
|
2.30
|
2.42
|
2.27
|
2.63
|
|
Peer Median
|
2.08
|
--
|
--
|
--
|
--
|
Dividend Yield
3.30
Higher than Peers by 0.22
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
3.30
|
--
|
--
|
--
|
--
|
|
Peer Median
|
3.08
|
--
|
--
|
--
|
--
|
EV/EBITDA
14.41
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
14.41
|
11.77
|
11.85
|
11.72
|
12.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
21,803
Higher than Peers by 19,623
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
CMS Energy (CMS)
|
21,803
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2,180
|
--
|
--
|
--
|
--
|