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CMS Energy CMS Energy was formed as a corporation in Michigan in 1987 and is an energy company operating primarily in Michigan. It is the parent holding company of several subsidiaries, including Consumers, an electric and gas utility, and NorthStar Clean Energy, primarily a domestic independent power producer and marketer.
20.22% operating margin is above average. ROIC at 5.60%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 13.6%, still solid.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$8.82B
▲ +13.6% YoY
Net Income (TTM)
$1.11B
▲ +6.8% YoY
Op. Margin
19.53%
▲ +0.4pp YoY
ROIC
5.29%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$1.94B
▼ -5.7% YoY
Net Debt
$18.94B
Cash & Equiv.
$175M
5Y CAGR: +6.1%
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