8-K Announcements
6Feb 20, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) 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.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) stock price & volume — 10-year historical chart
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) 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 5.875% Junior Subordinated Notes due 2079 (CMSD) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.58B | 6.87B | 6.84B | 6.42B | 7.33B | 8.6B | 7.46B | 7.51B | 8.54B |
| Revenue Growth % | 2.88% | 4.41% | -0.41% | -6.24% | 14.19% | 17.29% | -13.19% | 0.71% | 13.63% |
| Cost of Revenue | 4.96B | 5.41B | 5.27B | 4.83B | 5.79B | 6.96B | 5.78B | 5.55B | 6.3B |
| Gross Profit | 1.62B▲ 0% | 1.47B▼ 9.7% | 1.57B▲ 7.3% | 1.59B▲ 1.0% | 1.53B▼ 3.3% | 1.64B▲ 6.6% | 1.68B▲ 2.8% | 1.97B▲ 17.1% | 2.24B▲ 13.8% |
| Gross Margin % | 24.64% | 21.32% | 22.97% | 24.73% | 20.94% | 19.03% | 22.54% | 26.2% | 26.23% |
| Gross Profit Growth % | -31.21% | -9.68% | 7.3% | 0.95% | -3.28% | 6.58% | 2.81% | 17.06% | 13.76% |
| Operating Expenses | 284M | 303M | 333M | 357M | 389M | 412M | 447M | 482M | 513M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | 2.22B | 2.1B | 2.23B | 2.27B | 2.26B | 2.35B | 2.42B | 2.73B | 2.83B |
| EBITDA Margin % | 33.71% | 30.48% | 32.59% | 35.42% | 30.84% | 27.34% | 32.36% | 36.29% | 33.18% |
| EBITDA Growth % | 14.03% | -5.59% | 6.49% | 1.88% | -0.57% | 3.98% | 2.77% | 12.92% | 3.89% |
| Depreciation & Amortization | 881M | 933M | 992M | 1.04B | 1.11B | 1.13B | 1.18B | 1.24B | 1.11B |
| D&A / Revenue % | 13.38% | 13.57% | 14.49% | 16.25% | 15.2% | 13.1% | 15.81% | 16.5% | 12.95% |
| Operating Income (EBIT) | 1.34B▲ 0% | 1.16B▼ 13.2% | 1.24B▲ 6.6% | 1.23B▼ 0.7% | 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% | 18.1% | 19.16% | 15.64% | 14.24% | 16.55% | 19.79% | 20.22% |
| Operating Income Growth % | 6.53% | -13.15% | 6.63% | -0.73% | -6.83% | 6.81% | 0.9% | 20.4% | 16.14% |
| Interest Expense | 438M | 458M | 519M | 505M | 500M | 519M | 643M | 708M | 789M |
| Interest Coverage | 3.02x | 2.69x | 2.60x | 2.60x | 2.65x | 2.74x | 2.48x | 2.59x | 2.42x |
| Interest / Revenue % | 6.65% | 6.66% | 7.58% | 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% | 829M▲ 7.1% | 809M▼ 2.4% | 823M▲ 1.7% | 902M▲ 9.6% | 954M▲ 5.8% | 1.12B▲ 17.7% | 1.25B▲ 11.1% |
| Pretax Margin % | 13.46% | 11.26% | 12.11% | 12.61% | 11.23% | 10.49% | 12.78% | 14.94% | 14.62% |
| Income Tax | 424M | 115M | 147M | 115M | 95M | 93M | 147M | 176M | 246M |
| Effective Tax Rate % | 47.86% | 14.86% | 17.73% | 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% | 9.93% | 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 | 2.86 | 3.01 | 3.34 | 3.53 |
| Diluted Shares Outstanding | 280.8M | 282.9M | 284.3M | 286.3M | 289.5M | 290M | 291.7M | 298.3M | 300.4M |
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 | 36.51B | 39.94B |
| Asset Growth % | 6.6% | 6.42% | 9.41% | 10.54% | -3.08% | 9.04% | 6.9% | 8.93% | 9.39% |
| PP&E (Net) | 16.76B | 18.13B | 18.97B | 21.05B | 22.38B | 22.74B | 25.1B | 0 | 30.68B |
| PP&E / Total Assets % | 72.72% | 73.9% | 70.7% | 70.95% | 77.83% | 72.54% | 74.88% | 0% | 76.81% |
| Total Current Assets | 2.48B | 2.47B | 2.33B | 2.4B | 2.63B | 3.43B | 2.84B | 2.79B | 3.47B |
| Cash & Equivalents | 199M | 174M | 157M | 49M | 452M | 164M | 227M | 178M | 615M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 672M | 650M | 605M | 576M | 667M | 1.12B | 938M | 0 | 0 |
| Other Current Assets | 362M | 417M | 443M | 907M | 70M | 75M | 730M | 1.55B | 1.53B |
| Long-Term Investments | 1.25B | 1.71B | 2.35B | 89M | 71M | 71M | 98M | 89M | 79M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2.56B | 2.22B | 3.18B | 6.12B | 3.68B | 5.11B | 5.48B | 33.63B | 5.71B |
| Total Liabilities | 18.57B | 19.74B | 21.78B | 23.59B | 21.57B | 23.76B | 25.39B | 27.76B | 30.68B |
| Total Debt | 10.49B | 11.78B | 13.29B | 12.42B | 12.5B | 14.34B | 15.66B | 16.59B | 18.9B |
| Net Debt | 10.29B | 11.6B | 13.14B | 12.37B | 12.05B | 14.18B | 15.43B | 16.49B | 18.28B |
| Long-Term Debt | 9.12B | 10.62B | 11.95B | 11.74B | 12.05B | 13.12B | 14.51B | 15.19B | 17.81B |
| Short-Term Borrowings | 1.27B | 1.09B | 1.23B | 598M | 376M | 1.11B | 1.08B | 1.26B | 950M |
| Capital Lease Obligations | 91M | 69M | 113M | 81M | 80M | 108M | 84M | 133M | 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 | 917M | 1.4B |
| Accrued Expenses | 0 | 0 | 0 | 0 | 622M | 660M | 0 | 0 | 0 |
| Deferred Revenue | 360M | 398M | 1.86B | 2.09B | 0 | 0 | 84M | 0 | 0 |
| Other Current Liabilities | 411M | 400M | -1.02B | -286M | 311M | 266M | 1.01B | 1.34B | 1.19B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K |
| Other Liabilities | 6.57B | 6.43B | 7.01B | 6.71B | 7.24B | 7.56B | 5.16B | 5.28B | 6.45B |
| 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 | 0 | 0 | 0 | 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% | 2.86% | 2.8% |
| 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% | 46.72% | 45.44% | 47.31% |
| Net Debt / EBITDA | 4.64x | 5.54x | 5.89x | 5.44x | 5.33x | 6.03x | 6.39x | 6.05x | 6.45x |
| Book Value per Share | 15.95 | 16.94 | 17.78 | 21.23 | 24.83 | 26.19 | 27.85 | 29.33 | 32.33 |
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) cash flow — operating, investing & free cash flow history
| Line item | 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% | 26.15% | 19.88% | 24.82% | 9.95% | 30.94% | 31.54% | 26.17% |
| Net Income | 460M | 657M | 680M | 158M | 751M | 833M | 886M | 1B | 1.07B |
| Depreciation & Amortization | 881M | 933M | 992M | 1.04B | 1.11B | 1.13B | 1.05B | 1.24B | 0 |
| Deferred Taxes | 417M | 182M | 150M | 170M | 249M | 89M | 0 | 0 | 0 |
| Other Non-Cash Items | 1.95B | 1.64B | 1M | -81M | -271M | -106M | -76M | -135M | 1.23B |
| 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% | 30.74% | 36.01% | 28.33% | 27.62% | 43.14% | 0% | 0% |
| CapEx / D&A | 1.89x | 2.22x | 2.12x | 2.22x | 1.86x | 2.11x | 3.05x | 0.00x | - |
| CapEx Coverage (OCF/CapEx) | 1.02x | 0.82x | 0.85x | 0.55x | 0.88x | 0.36x | 0.72x | - | - |
| Cash from Investing | -1.87B | -2.61B | -2.82B | -2.84B | -1.23B | -2.47B | -3.38B | -3.05B | -4.04B |
| Acquisitions | 0 | 0 | 97M | 89M | 1M | 2M | 0 | 0 | 0 |
| 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 | -161M | -3.05B | -4.04B |
| Cash from Financing | 110M | 874M | 1.01B | 1.59B | -296M | 1.32B | 1.14B | 614M | 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 | -28M | -16M |
| 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 | 257M | 204M | 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% | -4.59% | -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 5.875% Junior Subordinated Notes due 2079 (CMSD) 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 | 30.41% | 33.71% | 30.48% | 32.59% | 35.42% | 30.84% | 27.34% | 32.36% | 36.29% | 33.18% |
| Net Debt / EBITDA | 5.03x | 4.64x | 5.54x | 5.89x | 5.44x | 5.33x | 6.03x | 6.39x | 6.05x | 6.45x |
| Interest Coverage | 3.00x | 3.02x | 2.69x | 2.60x | 2.60x | 2.65x | 2.74x | 2.48x | 2.59x | 2.42x |
| CapEx / Revenue | 26.13% | 25.29% | 30.18% | 30.74% | 36.01% | 28.33% | 27.62% | 43.14% | 0% | 0% |
| 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 5.875% Junior Subordinated Notes due 2079 (CMSD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 20, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) stock FAQ — growth, dividends, profitability & financials explained
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) reported $8.54B in revenue for fiscal year 2025. This represents a 38% increase from $6.20B in 2009.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) grew revenue by 13.6% over the past year. This is steady growth.
Yes, CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) is profitable, generating $1.07B in net income for fiscal year 2025 (12.5% net margin).
Yes, CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) pays a dividend with a yield of 9.42%. This makes it attractive for income-focused investors.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) generated $2.23B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) has a dividend payout ratio of 62%. This suggests the dividend is well-covered and sustainable.
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates