CMS Energy Corporation

CMS Energy Corporation's next confirmed earnings release is scheduled for October 27, 2026.

As of June 30, 2026, CMS Energy Corporation has 313.60M shares outstanding.

As of June 30, 2026, CMS Energy Corporation maintains a current ratio of 0.94, meaning it holds 0.9x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 185.60, indicating elevated leverage, while an interest coverage ratio of 3.66 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, CMS Energy Corporation posted a return on equity (ROE) of 11.47, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 4.57 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 2.61, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 6.40, useful for judging operating efficiency across full business cycles. The company generates approximately 924,554.31 in revenue per employee across its workforce of 8,343.50, a quick read on workforce productivity versus industry peers. Inventory turnover of 6.74 indicates how many times CMS Energy Corporation sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, CMS Energy Corporation recorded 209.20M in income tax expense. That works out to an effective tax rate of 21.23, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 985.59M, leaving 898.06M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

These figures are as of the close on October 22, 2026.

Over the twelve months ended June 30, 2026, CMS Energy Corporation generated 7.71B in revenue and converted that into 898.06M in net income, yielding earnings per share of 2.53. EBITDA reached 2.64B, while operating income came in at 1.46B.

As of June 30, 2026, CMS Energy Corporation holds 210.95M in cash and equivalents against 16.89B in total debt, resulting in a net debt position of 16.46B. Total book value stands at 8.36B, with working capital of -172.43M providing operational flexibility.

CMS Energy Corporation produced 1.88B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -168.93M in capital expenditures, free cash flow totaled 1.71B - equivalent to 5.58 per share.

Over the twelve months ended June 30, 2026, CMS Energy Corporation posted a gross margin of 40.32, reflecting its pricing power and cost economics. The operating margin of 18.95 and net profit margin of 11.64 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, CMS Energy Corporation paid dividends of 1.97 per share. The dividend payout ratio of 92.14 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth.