8-K Announcements
6Feb 20, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when CMSA posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) stock price & volume — 10-year historical chart
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $1.14vs $1.09+4.6% | $2.7Bvs $2.5B+8.2% |
| Q1 2026 | Feb 5, 2026 | $0.95vs $0.93+1.8% | $2.2Bvs $1.9B+18.6% |
| Q4 2025 | Oct 30, 2025 | $0.92vs $0.86+7.2% | $2.0Bvs $1.8B+9.5% |
| Q3 2025 | Jul 31, 2025 | $0.67vs $0.68-1.2% | $1.8Bvs $1.7B+5.8% |
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.58B | 6.87B | 6.62B | 6.42B | 7.33B | 8.6B | 7.46B | 7.51B | 8.54B |
Revenue Growth % | 2.88% | 4.41% | -3.62% | -3.11% | 14.19% | 17.29% | -13.19% | 0.71% | 13.63% |
Cost of Revenue | 4.08B | 4.47B | 4.19B | 3.79B | 4.68B | 5.83B | 4.6B | 4.31B | 3.34B |
Gross Profit | 2.5B▲ 0% | 2.4B▼ 4.2% | 2.44B▲ 1.5% | 2.63B▲ 8.0% | 2.65B▲ 0.7% | 2.76B▲ 4.3% | 2.86B▲ 3.6% | 3.21B▲ 12.1% | 5.2B▲ 62.1% |
Gross Margin % | 38.02% | 34.89% | 36.76% | 40.98% | 36.14% | 32.13% | 38.35% | 42.7% | 60.91% |
Gross Profit Growth % | 6.6% | -4.2% | 1.54% | 8.01% | 0.72% | 4.27% | 3.62% | 12.12% | 62.08% |
Operating Expenses | 1.17B | 1.24B | 1.32B | 1.4B | 1.5B | 1.54B | 1.63B | 1.72B | 3.47B |
Other Operating Expenses | - | - | - | - | - | - | - | - | - |
EBITDA | 2.22B | 2.1B | 2.1B | 2.27B | 2.26B | 2.35B | 2.42B | 2.73B | 2.88B |
EBITDA Margin % | 33.71% | 30.48% | 31.76% | 35.42% | 30.84% | 27.34% | 32.36% | 36.29% | 33.69% |
EBITDA Growth % | 7.35% | -5.59% | 0.43% | 8.03% | -0.57% | 3.98% | 2.77% | 12.92% | 5.5% |
Depreciation & Amortization | 881M | 933M | 989M | 1.04B | 1.11B | 1.13B | 1.18B | 1.24B | 1.15B |
D&A / Revenue % | 13.38% | 13.57% | 14.93% | 16.25% | 15.2% | 13.1% | 15.81% | 16.5% | 13.47% |
Operating Income (EBIT) | 1.34B▲ 0% | 1.16B▼ 13.2% | 1.11B▼ 4.0% | 1.23B▲ 10.3% | 1.15B▼ 6.8% | 1.22B▲ 6.8% | 1.24B▲ 0.9% | 1.49B▲ 20.4% | 1.73B▲ 16.1% |
Operating Margin % | 20.33% | 16.91% | 16.83% | 19.16% | 15.64% | 14.24% | 16.55% | 19.79% | 20.22% |
Operating Income Growth % | 6.53% | -13.15% | -4.04% | 10.31% | -6.83% | 6.81% | 0.9% | 20.4% | 16.14% |
Interest Expense | 438M | 458M | 460M | 505M | 500M | 519M | 643M | 708M | 789M |
Interest Coverage | 3.02x | 2.69x | 2.66x | 2.60x | 2.65x | 2.74x | 2.48x | 2.59x | 2.58x |
Interest / Revenue % | 6.65% | 6.66% | 6.94% | 7.87% | 6.82% | 6.04% | 8.62% | 9.42% | 9.24% |
Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
Pretax Income | 886M▲ 0% | 774M▼ 12.6% | 764M▼ 1.3% | 809M▲ 5.9% | 823M▲ 1.7% | 902M▲ 9.6% | 954M▲ 5.8% | 1.12B▲ 17.7% | 1.25B▲ 11.1% |
Pretax Margin % | 13.46% | 11.26% | 11.53% | 12.61% | 11.23% | 10.49% | 12.78% | 14.94% | 14.62% |
Income Tax | 424M | 115M | 131M | 115M | 95M | 93M | 147M | 176M | 246M |
Effective Tax Rate % | 47.86% | 14.86% | 17.15% | 14.22% | 11.54% | 10.31% | 15.41% | 15.67% | 19.71% |
Net Income | 460M▲ 0% | 657M▲ 42.8% | 680M▲ 3.5% | 755M▲ 11.0% | 1.35B▲ 79.2% | 837M▼ 38.1% | 887M▲ 6.0% | 1B▲ 13.1% | 1.07B▲ 6.8% |
Net Margin % | 6.99% | 9.56% | 10.27% | 11.76% | 18.46% | 9.74% | 11.89% | 13.35% | 12.54% |
Net Income Growth % | -16.52% | 42.83% | 3.5% | 11.03% | 79.21% | -38.14% | 5.97% | 13.08% | 6.78% |
EPS (Diluted) | 1.64▲ 0% | 2.32▲ 41.5% | 2.39▲ 3.0% | 2.64▲ 10.5% | 4.66▲ 76.5% | 2.85▼ 38.8% | 3.01▲ 5.6% | 3.33▲ 10.6% | 3.53▲ 6.0% |
EPS Growth % | -17.17% | 41.46% | 3.02% | 10.46% | 76.52% | -38.84% | 5.61% | 10.63% | 6.01% |
EPS (Basic) | 1.64 | 2.33 | 2.40 | 2.65 | 4.66 | 2.84 | 3.01 | 3.34 | 3.53 |
Diluted Shares Outstanding | 280.8M | 282.9M | 284.3M | 286.3M | 289.5M | 290M | 291.7M | 298.3M | 300.57M |
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 23.05B | 24.53B | 26.84B | 29.67B | 28.75B | 31.35B | 33.52B | 35.92B | 40.39B |
Asset Growth % | 6.6% | 6.42% | 9.41% | 10.54% | -3.08% | 9.04% | 6.9% | 7.17% | 12.44% |
PP&E (Net) | 16.76B | 18.13B | 18.97B | 21.05B | 22.38B | 22.74B | 25.1B | 27.48B | 30.7B |
PP&E / Total Assets % | 72.72% | 73.9% | 70.7% | 70.95% | 77.83% | 72.54% | 74.88% | 76.52% | 76.02% |
Total Current Assets | 2.48B | 2.47B | 2.33B | 2.4B | 2.63B | 3.43B | 2.84B | 2.79B | 3.47B |
Cash & Equivalents | 182M | 153M | 140M | 32M | 452M | 164M | 227M | 103M | 615M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 672M | 650M | 605M | 576M | 667M | 1.12B | 938M | 769M | 791M |
Other Current Assets | 39M | 58M | 50M | 488M | 70M | 75M | 224M | 304M | 743M |
Long-Term Investments | 64M | 69M | 71M | 70M | 71M | 71M | 76M | 69M | 79M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 3.75B | 3.87B | 5.46B | 6.14B | 3.68B | 5.11B | 5.5B | 5.58B | 5.69B |
Total Liabilities | 18.57B | 19.74B | 21.78B | 23.59B | 21.57B | 23.76B | 25.39B | 27.17B | 30.68B |
Total Debt | 10.49B | 11.78B | 13.29B | 12.42B | 12.5B | 14.34B | 15.67B | 16.59B | 18.94B |
Net Debt | 10.3B | 11.62B | 13.15B | 12.39B | 12.05B | 14.18B | 15.44B | 16.49B | 18.32B |
Long-Term Debt | 9.12B | 10.62B | 11.95B | 11.74B | 12.05B | 13.12B | 14.51B | 15.19B | 17.83B |
Short-Term Borrowings | 1.25B | 1.07B | 1.2B | 587M | 376M | 1.11B | 1.07B | 1.26B | 959M |
Capital Lease Obligations | 113M | 91M | 141M | 92M | 80M | 108M | 93M | 140M | 154M |
Total Current Liabilities | 2.78B | 2.62B | 2.7B | 3.07B | 2.2B | 2.98B | 2.9B | 3.52B | 3.55B |
Accounts Payable | 740M | 733M | 635M | 668M | 886M | 936M | 809M | 1.09B | 1.4B |
Accrued Expenses | 463M | 492M | 541M | 558M | 622M | 660M | 754M | 810M | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 308M | 306M | 299M | 1.25B | 311M | 266M | 255M | 355M | 1.19B |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
Other Liabilities | 6.57B | 6.43B | 7.01B | 8.69B | 7.24B | 5.02B | 5.19B | 5.3B | 5.33B |
Total Equity | 4.48B▲ 0% | 4.79B▲ 7.0% | 5.05B▲ 5.5% | 6.08B▲ 20.2% | 7.19B▲ 18.3% | 7.59B▲ 5.7% | 8.13B▲ 7.0% | 8.75B▲ 7.7% | 9.71B▲ 11.0% |
Equity Growth % | 4.38% | 7.01% | 5.49% | 20.22% | 18.28% | 5.66% | 6.98% | 7.67% | 11.01% |
Shareholders Equity | 4.44B | 4.75B | 5.02B | 5.5B | 6.63B | 7.01B | 7.54B | 8.23B | 9.14B |
Minority Interest | 37M | 37M | 37M | 581M | 557M | 580M | 581M | 518M | 567M |
Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
Additional Paid-in Capital | 5.02B | 5.09B | 5.11B | 5.37B | 5.41B | 5.49B | 5.71B | 6.01B | 6.51B |
Retained Earnings | -531M | -271M | -25M | 214M | 1.06B | 1.35B | 1.66B | 2.04B | 2.44B |
Accumulated OCI | -50M | -65M | -73M | -86M | -59M | -52M | -46M | -41M | -36M |
Return on Assets (ROA) | 2.06% | 2.76% | 2.65% | 2.67% | 4.63% | 2.79% | 2.73% | 2.89% | 2.81% |
Return on Equity (ROE) | 10.49% | 14.17% | 13.81% | 13.56% | 20.4% | 11.32% | 11.29% | 11.89% | 11.6% |
Debt / Equity | 2.34x | 2.46x | 2.63x | 2.04x | 1.74x | 1.89x | 1.93x | 1.90x | 1.95x |
Debt / Assets | 45.5% | 48.01% | 49.53% | 41.88% | 43.48% | 45.74% | 46.75% | 46.19% | 46.89% |
Net Debt / EBITDA | 4.64x | 5.55x | 6.25x | 5.45x | 5.33x | 6.03x | 6.39x | 6.05x | 6.37x |
Book Value per Share | 15.95 | 16.94 | 17.78 | 21.23 | 24.83 | 26.19 | 27.85 | 29.33 | 32.31 |
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.71B | 1.7B | 1.79B | 1.28B | 1.82B | 855M | 2.31B | 2.37B | 2.23B |
Operating CF Growth % | 4.67% | -0.12% | 5.11% | -28.72% | 42.55% | -53% | 170.06% | 2.64% | -5.7% |
Operating CF / Revenue % | 25.9% | 24.78% | 27.02% | 19.88% | 24.82% | 9.95% | 30.94% | 31.54% | 26.17% |
Net Income | 460M | 657M | 680M | 697M | 751M | 833M | 886M | 1B | 1.07B |
Depreciation & Amortization | 881M | 933M | 992M | 1.04B | 1.11B | 1.13B | 1.18B | 1.24B | 1.31B |
Deferred Taxes | 417M | 182M | 150M | 170M | 249M | 89M | 157M | 142M | 202M |
Other Non-Cash Items | 121M | -174M | 1M | -609M | -249M | -80M | -330M | -277M | -283M |
Working Capital Changes | -174M | 105M | -33M | -25M | -46M | -1.11B | 416M | 262M | -61M |
Capital Expenditures | -1.67B | -2.07B | -2.1B | -2.31B | -2.08B | -2.37B | -3.22B | -3.02B | -3.82B |
CapEx / Revenue % | 25.29% | 30.18% | 31.76% | 36.01% | 28.33% | 27.62% | 43.14% | 40.16% | 44.78% |
CapEx / D&A | 1.89x | 2.22x | 2.12x | 2.22x | 1.86x | 2.11x | 2.73x | 2.43x | 2.93x |
CapEx Coverage (OCF/CapEx) | 1.02x | 0.82x | 0.85x | 0.55x | 0.88x | 0.36x | 0.72x | 0.79x | 0.58x |
Cash from Investing | -1.87B | -2.61B | -2.82B | -2.84B | -1.23B | -2.47B | -3.38B | -3.05B | -4.03B |
Acquisitions | 0 | 0 | 97M | 89M | 1M | 2M | 6M | 129M | 4M |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 146M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -203M | -532M | -809M | -614M | 843M | -102M | -167M | -160M | -214M |
Cash from Financing | 110M | 874M | 1.01B | 1.59B | -296M | 1.32B | 1.14B | 609M | 2.24B |
Dividends Paid | -377M | -407M | -436M | -467M | -509M | -546M | -579M | -626M | -663M |
Dividend Payout Ratio % | 81.96% | 61.95% | 64.12% | 61.85% | 37.62% | 65.23% | 65.28% | 62.41% | 61.9% |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Stock Issued | 83M | 41M | 12M | 253M | 250M | 69M | 192M | 286M | 525M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 782M | -137M | -11M | 32M | -33M | -20M |
Net Change in Cash | -55M▲ 0% | -25M▲ 54.5% | -17M▲ 32.0% | -108M▼ 535.3% | 427M▲ 495.4% | -294M▼ 168.9% | 66M▲ 122.4% | -70M▼ 206.1% | 437M▲ 724.3% |
Exchange Rate Effect | -2M | 4M | 1M | -136M | 136M | 0 | 0 | 0 | 0 |
Cash at Beginning | 254M | 199M | 174M | 157M | 49M | 476M | 182M | 248M | 178M |
Cash at End | 199M | 174M | 157M | 49M | 476M | 182M | 248M | 178M | 615M |
Free Cash Flow | 40M▲ 0% | -371M▼ 1027.5% | -314M▲ 15.4% | -1.03B▼ 229.6% | -257M▲ 75.2% | -1.52B▼ 491.1% | -910M▲ 40.1% | -648M▲ 28.8% | -1.59B▼ 145.2% |
FCF Growth % | 193.02% | -1027.5% | 15.36% | -229.62% | 75.17% | -491.05% | 40.09% | 28.79% | -145.22% |
FCF Margin % | 0.61% | -5.4% | -4.74% | -16.13% | -3.51% | -17.67% | -12.2% | -8.62% | -18.61% |
FCF / Net Income % | 8.7% | -56.47% | -46.18% | -137.09% | -18.99% | -181.48% | -102.59% | -64.61% | -148.37% |
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 13.33% | 10.49% | 14.17% | 13.81% | 13.56% | 20.4% | 11.32% | 11.29% | 11.89% | 11.6% |
EBITDA Margin | 32.3% | 33.71% | 30.48% | 31.76% | 35.42% | 30.84% | 27.34% | 32.36% | 36.29% | 33.69% |
Net Debt / EBITDA | 4.74x | 4.64x | 5.55x | 6.25x | 5.45x | 5.33x | 6.03x | 6.39x | 6.05x | 6.37x |
Interest Coverage | 2.90x | 3.02x | 2.69x | 2.66x | 2.60x | 2.65x | 2.74x | 2.48x | 2.59x | 2.58x |
CapEx / Revenue | 26.13% | 25.29% | 30.18% | 31.76% | 36.01% | 28.33% | 27.62% | 43.14% | 40.16% | 44.78% |
Dividend Payout Ratio | 62.98% | 81.96% | 61.95% | 64.12% | 61.85% | 37.62% | 65.23% | 65.28% | 62.41% | 61.9% |
Debt / Equity | 2.34x | 2.34x | 2.46x | 2.63x | 2.04x | 1.74x | 1.89x | 1.93x | 1.90x | 1.95x |
EPS Growth | 4.76% | -17.17% | 41.46% | 3.02% | 10.46% | 76.52% | -38.84% | 5.61% | 10.63% | 6.01% |
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 20, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) stock FAQ — growth, dividends, profitability & financials explained
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) reported $8.54B in revenue for fiscal year 2025. This represents a 97% increase from $4.32B in 1996.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) grew revenue by 13.6% over the past year. This is steady growth.
Yes, CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) is profitable, generating $1.07B in net income for fiscal year 2025 (12.5% net margin).
Yes, CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) pays a dividend with a yield of 10.45%. This makes it attractive for income-focused investors.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) had negative free cash flow of $1.59B in fiscal year 2025, likely due to heavy capital investments.
CMS Energy Corporation 5.6% JRSUB NT 78 (CMSA) has a dividend payout ratio of 62%. This suggests the dividend is well-covered and sustainable.