CMS Energy Corporation
CMS
Positions held
Your positionsCMS isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- CMS Energy operates in a regulated utility sector, providing stability and predictable returns for investors.
- CMS Energy's market cap is approximately $20.4 billion, indicating a strong presence in the utilities sector.
- The company has a recommendation of 'buy' with a target mean price of $77.58.
- The company's revenue growth is currently negative at -0.5%, indicating potential challenges in demand.
- CMS Energy reported a 33% decrease in revenue compared to the prior quarter, dropping from $2.7 billion to $1.8 billion.
- The operating margin has compressed to 14.4%, down from 39.4% in the previous quarter.
Fundamentals
| Market cap | $20.49B | Enterprise value | $40.40B | Trailing P/E | 19.62 | Forward P/E | 15.72 |
| PEG | 2.35 | Price / book | 2.15 | Beta | 0.31 | Dividend yield | 3.49% |
| Revenue growth | -0.5% | Earnings growth | -43.9% | Gross margin | 40.3% | Operating margin | 17.2% |
| Profit margin | 11.6% | ROE | 9.2% | ROA | 3.0% | Debt / equity | 1.86 |
| Current ratio | 0.94 | Free cash flow | -$2.20B | Analyst recommendation | buy | Mean target | $77.33 |
| 52w high | $80.36 | 52w low | $62.29 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.7B | $2.2B | $2.0B | $1.8B | — |
| Op margin | 14.4% | 17.9% | 19.5% | 23.8% | 17.2% | — |
| Net income | $120M | $340M | $289M | $277M | $201M | — |
| Gross margin | 37.7% | 39.4% | 40.8% | 43.3% | 38.8% | — |
| Gross profit | $690M | $1.1B | $912M | $876M | $714M | — |
| Operating income | $264M | $490M | $435M | $481M | $317M | — |
- Revenue -33% vs prior quarter ($1.8B vs $2.7B).
- Gross margin 37.7% (was 39.4% prior quarter).
- Operating margin compressed to 14.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $7.5B | $7.5B | $8.6B | — |
| Op margin | 20.2% | 19.8% | 16.6% | 14.2% | — |
| Net income | $1.1B | $1.0B | $887M | $837M | — |
| Gross margin | 41.5% | 42.7% | 38.4% | 32.1% | — |
| Gross profit | $3.5B | $3.2B | $2.9B | $2.8B | — |
| Operating income | $1.7B | $1.5B | $1.2B | $1.2B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · PG&E CEO to California Politicians: Stop Stepping on Our Stock Price
2026-10-08 · Jefferies Adjusts Price Target on CMS Energy to $71 From $74
2026-10-06 · CMS Energy to Announce 2026 Third Quarter Results on October 27
2026-10-05 · BMO Capital Adjusts Price Target on CMS Energy to $73 From $77, Keeps Outperform Rating
2026-09-30 · Scotiabank Adjusts Price Target on CMS Energy to $78 From $87, Maintains Sector Outperform Rating
2026-09-27 · CMS Energy (CMS) Stock Still Looks Cheap After Its 30% Run
2026-09-25 · America Needs More Electricity. Here’s What It Could Mean for DTE Energy
2026-09-22 · Consumers Energy Makes Improvements to 2026 Storm Response
2026-09-18 · DTE Could Be One of the Quiet Winners of the Data Center Boom
2026-09-18 · CMS Energy Stock: Is CMS Underperforming the Utility Sector?
2026-09-18 · Morgan Stanley Adjusts CMS Energy PT to $77 From $79, Maintains Equalweight Rating
2026-09-16 · DTE Is Sitting on an AI-Era Power Opportunity
Price (daily)
Full chart · RSI · MACD · patterns