CMS Energy Corporation Financial Ratios — CMS/PC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	14.26	12.28	13.6	13.39	13.75	13.45	10.58	14.25	13.87	14.32	22.65	12.53	12.43	12.96	12.54
Return on Assets (%)	2.59	2.27	2.62	2.61	2.65	2.63	2.06	2.76	2.65	2.67	4.63	2.79	2.73	2.89	2.82
Return on Capital (%)	6.78	5.84	6.2	6.21	6.04	6.05	4.69	6.63	6.07	6.48	9.54	6.38	6.61	6.75	6.6
Return on Invested Capital (%)	6.46	5.62	6.02	6.18	5.85	5.92	4.66	6.14	5.18	5.61	5.19	5.16	4.47	4.99	5.02
Gross Margin (%)	26.97	29.27	30.52	29.1	33.92	36.69	38.02	34.89	36.76	40.98	36.14	32.13	38.35	42.7	41.53
EBITDA Margin (%)	23.82	25.6	26.96	25.59	29.86	32.3	33.71	30.48	31.76	35.42	30.84	27.34	32.36	36.29	35.52
Operating Margin (%)	15.42	16.04	17.39	16.05	18.25	19.63	20.33	16.91	16.83	19.16	15.64	14.24	16.55	19.79	20.22
Incremental Operating Margin (%)	43.66	- -	44.41	1.63	- -	- -	44.57	- -	18.88	- -	- -	6.16	- -	475.47	23.44
Pretax Margin (%)	9.32	9.95	11.51	10.15	12.33	12.91	13.46	11.26	11.53	12.61	11.23	10.49	12.78	14.94	14.62
Profit Margin (%)	6.38	6.11	6.88	6.64	8.1	8.61	6.99	9.56	10.27	11.76	18.46	9.74	11.89	13.35	12.54
Net Income to Common Margin (%)	6.38	6.11	6.88	6.64	8.1	8.61	6.99	9.53	10.24	11.73	18.39	9.62	11.75	13.21	12.43
Effective Tax Rate (%)	31.52	39.39	39.95	34.29	34.05	33.05	47.86	14.86	17.15	14.22	11.54	10.31	15.41	15.67	19.71
Dvd Payout Ratio (%)	50.6	66.49	59.87	61.33	61.1	62.52	81.25	61.46	68.56	67.49	71.86	68.9	79.25	69.92	70.75
Sustainable Growth Rate (%)	7.04	4.11	5.46	5.18	5.35	5.04	1.98	5.49	4.36	4.66	6.37	3.9	2.58	3.9	3.67

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	7,264	7,514	7,971	8,739	9,473	10,034	10,487	11,777	13,247	12,391	12,474	14,309	15,643	16,566	18,898
ST Debt	1,057	651	732	600	955	1,284	1,273	1,093	1,220	591	382	1,119	1,073	1,260	956
LT Debt	6,207	6,863	7,239	8,139	8,518	8,750	9,214	10,684	12,027	11,800	12,092	13,190	14,570	15,306	17,942
Total Debt/EBITDA	4.69	4.69	4.5	4.76	4.91	4.85	4.73	5.62	6.3	5.45	5.52	6.09	6.48	6.07	6.23
Net Debt/EBITDA	4.48	4.54	4.33	4.58	4.71	4.69	4.6	5.52	6.19	5.41	5.3	5.99	6.36	6	6.02
Total Debt/EBIT	7.24	7.49	6.98	7.59	8.04	7.99	7.84	10.14	11.88	10.07	10.88	11.69	12.67	11.14	10.94
Net Debt/EBIT	6.92	7.25	6.71	7.3	7.72	7.71	7.63	9.94	11.69	10	10.45	11.5	12.43	11	10.57
EBITDA to Interest Expense	3.73	4.12	4.45	4.51	4.87	4.75	5.07	4.57	4.57	4.5	4.52	4.53	3.76	3.85	3.8
EBITDA-CapEx/Interest Expense	3.6	3.99	4.31	4.35	4.58	4.51	4.8	4.26	4.3	4.25	4.25	4.32	2.23	3.63	3.53
EBIT to Interest Expense	2.42	2.58	2.87	2.83	2.97	2.89	3.05	2.54	2.42	2.44	2.29	2.36	1.92	2.1	2.16
Interest Expense	415	389	398	407	396	435	438	458	460	505	500	519	643	708	798
Common Equity/Total Assets	18.41	18.64	19.83	19.13	19.4	19.67	19.27	19.39	18.7	18.53	22.28	21.66	21.84	22.29	22.33
Long-Term Debt/Equity (%)	202.05	211.95	207.36	219.56	214.29	203.96	205.76	222.95	237.92	194.17	168.22	173.67	179.32	174.97	184.76
Long-Term Debt/Capital (%)	60.05	63.83	63.16	65.39	63.34	61.09	61.57	64.48	65.71	63.89	61.5	60.22	61.3	60.46	62.71
Long-Term Debt/Total Assets (%)	37.73	40.06	41.57	42.42	41.96	40.47	39.97	43.56	44.81	39.78	42.05	42.07	43.47	42.61	44.92
Total Debt/Equity (%)	236.46	232.06	228.33	235.74	238.31	233.89	234.19	245.76	262.06	203.9	173.54	188.4	192.53	189.37	194.6
Total Debt/Capital (%)	70.28	69.88	69.54	70.22	70.44	70.05	70.08	71.08	72.38	67.09	63.44	65.33	65.82	65.44	66.06
Total Debt/Total Assets (%)	44.15	43.86	45.77	45.55	46.67	46.41	45.5	48.01	49.36	41.77	43.38	45.64	46.67	46.12	47.31
Net Debt to Equity	225.78	224.46	219.45	226.84	228.65	225.85	228.09	241.13	257.78	202.45	166.61	185.35	188.97	186.91	187.97
Net Debt/Capital (%)	68.17	68.19	67.86	68.71	68.95	68.77	69.09	70.39	71.75	66.73	62.34	64.75	65.22	64.86	64.96
EBITDA	1,549	1,601	1,770	1,837	1,928	2,067	2,219	2,095	2,104	2,273	2,260	2,350	2,415	2,727	3,033
EBITDA-CapEx	1,495	1,552	1,714	1,771	1,813	1,960	2,104	1,949	1,977	2,144	2,127	2,243	1,436	2,567	2,819
Operating Income (Loss)	1,003	1,003	1,142	1,152	1,178	1,256	1,338	1,162	1,115	1,230	1,146	1,224	1,235	1,487	1,727

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.07	0.05	0.09	0.11	0.12	0.09	0.07	0.06	0.05	0.01	0.21	0.05	0.08	0.03	0.14
Current Ratio	1.1	1.35	1.3	1.33	1.01	0.86	0.89	0.94	0.86	0.78	1.19	1.15	0.98	0.79	0.98
Quick Ratio	0.47	0.57	0.6	0.63	0.51	0.47	0.51	0.53	0.48	0.29	0.63	0.58	0.4	0.33	0.52
CFO/Avg Current Liab	0.54	0.6	0.76	0.76	0.77	0.66	0.63	0.63	0.67	0.44	0.69	0.33	0.79	0.74	0.63
Common Equity/Total Assets	18.41	18.64	19.83	19.13	19.4	19.67	19.27	19.39	18.7	18.53	22.28	21.66	21.84	22.29	22.33
Long-Term Debt/Equity (%)	202.05	211.95	207.36	219.56	214.29	203.96	205.76	222.95	237.92	194.17	168.22	173.67	179.32	174.97	184.76
Long-Term Debt/Capital (%)	60.05	63.83	63.16	65.39	63.34	61.09	61.57	64.48	65.71	63.89	61.5	60.22	61.3	60.46	62.71
Long-Term Debt/Total Assets (%)	37.73	40.06	41.57	42.42	41.96	40.47	39.97	43.56	44.81	39.78	42.05	42.07	43.47	42.61	44.92
Total Debt/Equity (%)	236.46	232.06	228.33	235.74	238.31	233.89	234.19	245.76	262.06	203.9	173.54	188.4	192.53	189.37	194.6
Total Debt/Capital (%)	70.28	69.88	69.54	70.22	70.44	70.05	70.08	71.08	72.38	67.09	63.44	65.33	65.82	65.44	66.06
Total Debt/Total Assets (%)	44.15	43.86	45.77	45.55	46.67	46.41	45.5	48.01	49.36	41.77	43.38	45.64	46.67	46.12	47.31
CFO/Total Liabilities	8.74	8.93	10.2	9.57	10.05	9.4	9.18	8.63	8.22	5.41	8.43	3.6	9.09	8.72	7.39
CFO/CapEx	21.65	25.33	25.38	22.44	14.26	15.22	14.83	11.66	14.09	9.89	13.68	7.99	2.36	14.81	10.44
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.99	7.17	7.34	7.91	7.7	7.97	7.06	6.8	7.04	7.23	8.13	6.89	5.98	7.58	7.25
Days Sales Outstanding	52.2	50.9	49.72	46.17	47.41	45.8	51.7	53.69	51.82	50.47	44.9	52.97	61.07	48.13	50.33
Inventory Turnover	4.02	3.9	4.64	5.66	5.03	5.77	6.29	6.77	6.68	6.41	7.53	6.54	4.48	5.05	6.4
Days Inventory Outstanding	90.77	93.71	78.61	64.5	72.56	63.25	58.06	53.91	54.68	56.9	48.47	55.81	81.53	72.35	57.02
Accounts Payable Turnover	8.85	7.82	7.81	7.99	6.2	6.29	6.17	6.05	6.06	5.77	6.18	6.97	5.11	4.38	4.04
Accounts Payable Turnover Days	41.25	46.68	46.72	45.67	58.83	58.04	59.18	60.37	60.25	63.26	59.02	52.36	71.41	83.24	90.25
Cash Conversion Cycle	101.72	97.92	81.61	65	61.13	51.01	50.58	47.24	46.25	44.11	34.35	56.42	71.18	37.24	17.1
Inventory to Cash Days	-38.57	-42.8	-28.88	-18.34	-25.15	-17.45	-6.36	-0.22	-2.85	-6.43	-3.58	-2.84	-20.46	-24.21	-6.69
Inventories	1,187	1,084	881	918	778	626	672	650	605	576	667	1,117	938	769	791
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1,187	1,084	881	918	778	626	672	650	605	576	667	1,117	938	769	791

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	161	93	172	207	266	235	182	153	140	32	452	164	227	103	509
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	224	224	224	224	224
+ Minority/Non Controlling Interest	44	44	37	37	37	37	37	37	37	581	557	580	581	518	567
+ Total Debt	7,264	7,514	7,971	8,739	9,473	10,034	10,487	11,777	13,247	12,391	12,474	14,309	15,643	16,566	18,898
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	10,336	10,752	11,462	12,446	13,448	14,324	14,965	16,569	18,302	18,468	19,662	21,904	23,768	25,314	28,609
Total Debt/Capital (%)	70.28	69.88	69.54	70.22	70.44	70.05	70.08	71.08	72.38	67.09	63.44	65.33	65.82	65.44	66.06
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	6,503	6,253	6,566	7,179	6,456	6,399	6,583	6,873	6,624	6,418	7,329	8,596	7,462	7,515	8,539
TTM EBITDA	1,549	1,601	1,770	1,837	1,928	2,067	2,219	2,095	2,104	2,273	2,260	2,350	2,415	2,727	3,033
TTM Operating Income	1,003	1,003	1,142	1,152	1,178	1,256	1,338	1,162	1,115	1,230	1,146	1,224	1,235	1,487	1,727
TTM Cash Flow to Firm	1,453	1,477	1,660	1,748	1,901	1,920	1,933	2,093	2,171	1,709	2,261	1,320	2,853	2,967	2,876
TTM Free Cash Flow to Firm	1,399	1,428	1,604	1,682	1,786	1,813	1,818	1,947	2,044	1,580	2,128	1,213	1,874	2,807	2,662

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.09	16	17.51	18.07	16.06
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25	17.67	19.87	18.7	17.45
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.8	25.05	21.26	21.68	19.62
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Per Share Data Items (USD)

Per-Share Data API ChatGPT

No data availableFinancial data will appear here once available