CMS Financial Statements From 2010 to 2024

CMSD Stock  USD 24.36  0.07  0.29%   
CMS Energy financial statements provide useful quarterly and yearly information to potential CMS Energy Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CMS Energy financial statements helps investors assess CMS Energy's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CMS Energy's valuation are summarized below:
There are over one hundred nineteen available fundamental signals for CMS Energy Corp, which can be analyzed over time and compared to other ratios. Investors should ensure to validate all of CMS Energy's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable next year. As of November 29, 2024, Market Cap is expected to decline to about 2 B. In addition to that, Enterprise Value is expected to decline to about 6.7 B

CMS Energy Total Revenue

6.27 Billion

Check CMS Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CMS Energy's main balance sheet or income statement drivers, such as Total Revenue of 6.3 B, Gross Profit of 2.3 B or Operating Income of 974.7 M, as well as many indicators such as Price To Sales Ratio of 2.38, Dividend Yield of 0.0381 or PTB Ratio of 1.58. CMS financial statements analysis is a perfect complement when working with CMS Energy Valuation or Volatility modules.
  
Check out the analysis of CMS Energy Correlation against competitors.
For information on how to trade CMS Stock refer to our How to Trade CMS Stock guide.

CMS Energy Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding199.2 M291.7 M261.8 M
Slightly volatile
Total Assets19.7 B33.5 B22.5 B
Slightly volatile
Short and Long Term Debt Total9.3 B15.6 B10.5 B
Slightly volatile
Total Current Liabilities1.6 B2.9 B1.7 B
Slightly volatile
Total Stockholder Equity7.9 B7.5 B4.8 B
Slightly volatile
Property Plant And Equipment Net12.8 B25.1 B16.1 B
Slightly volatile
Net DebtB15.4 B10.3 B
Slightly volatile
Accounts Payable672.4 M809 M662 M
Slightly volatile
Cash263.6 M227 M197.5 M
Slightly volatile
Non Current Assets Total17.1 B30.7 B20 B
Slightly volatile
Non Currrent Assets OtherB5.5 B3.5 B
Slightly volatile
Cash And Short Term Investments263.6 M227 M197.5 M
Slightly volatile
Net Receivables986.6 M944 M991.4 M
Slightly volatile
Liabilities And Stockholders Equity19.7 B33.5 B22.5 B
Slightly volatile
Non Current Liabilities Total12.7 B22.5 B16 B
Slightly volatile
Inventory861.6 M938 M793.8 M
Very volatile
Other Current Assets967.2 M730 M1.3 B
Very volatile
Other Stockholder EquityB5.7 B3.2 B
Pretty Stable
Total Liabilities16 B25.4 B17.8 B
Slightly volatile
Total Current Assets2.7 B2.8 B2.5 B
Slightly volatile
Short Term Debt901.9 M1.1 B896.5 M
Pretty Stable
Common Stock2.9 MM3.2 B
Slightly volatile
Common Stock Total EquityB967.1 M302.3 M
Slightly volatile
Short Term Investments1.2 B1.2 B1.1 B
Pretty Stable
Net Tangible Assets4.5 B5.5 B4.3 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity29.6 M33.3 M36.3 M
Slightly volatile
Long Term Debt10 B13.7 B9.7 B
Slightly volatile
Long Term Debt Total10.2 B13.8 B9.8 B
Slightly volatile
Capital Surpluse5.4 B5.9 BB
Slightly volatile
Capital Lease Obligations86.5 M62.1 M99.2 M
Slightly volatile
Deferred Long Term Liabilities1.4 B1.4 B1.7 B
Slightly volatile
Long Term Investments1.2 BB1.3 B
Slightly volatile
Non Current Liabilities Other4.4 B5.6 B4.2 B
Slightly volatile
Property Plant Equipment806.3 M848.7 M8.9 B
Slightly volatile
Property Plant And Equipment Gross19.5 B30.8 B18.8 B
Slightly volatile
Other Assets2.8 B3.7 B2.6 B
Slightly volatile

CMS Energy Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue6.3 B7.5 B6.6 B
Slightly volatile
Gross Profit2.3 B2.9 B2.5 B
Very volatile
Operating Income974.7 M1.2 B1.1 B
Slightly volatile
EBITDA2.9 B2.8 B1.9 B
Slightly volatile
Income Tax Expense100.8 M147 M203.8 M
Slightly volatile
Depreciation And Amortization746.4 M1.2 B831.8 M
Slightly volatile
Other Operating Expenses6.3 B6.2 B5.6 B
Slightly volatile
EBIT1.7 B1.6 B855.1 M
Slightly volatile
Cost Of RevenueB4.6 B4.3 B
Slightly volatile
Total Operating Expenses1.5 B1.6 B4.3 B
Pretty Stable
Income Before TaxB954 M778.2 M
Slightly volatile
Interest Expense509.2 M643 M468.1 M
Slightly volatile
Selling General Administrative1.7 BB1.6 B
Slightly volatile
Net Income From Continuing Ops574.2 M757.9 M564.1 M
Slightly volatile
Net Income Applicable To Common Shares597.1 M782 M571.7 M
Slightly volatile
Minority Interest1.6 M1.8 MM
Slightly volatile
Tax Provision182.9 M160.2 M225 M
Slightly volatile
Interest Income470.1 M577.3 M436 M
Slightly volatile

CMS Energy Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow241.9 M182 M176.1 M
Pretty Stable
Capital Expenditures1.4 B2.6 B1.8 B
Slightly volatile
Total Cash From Operating Activities2.4 B2.3 B1.5 B
Slightly volatile
Net Income848.4 M808 M631.8 M
Slightly volatile
End Period Cash Flow263.9 M248 M200.3 M
Slightly volatile
Depreciation873.4 M1.2 B843.4 M
Slightly volatile
Net Borrowings703.6 M906.2 M667.1 M
Slightly volatile
Change To Netincome5.1 M5.4 M158.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.382.26611.7605
Slightly volatile
Dividend Yield0.03810.03420.0321
Slightly volatile
PTB Ratio1.582.24152.491
Slightly volatile
Days Sales Outstanding39.5946.175352.0594
Pretty Stable
Book Value Per Share29.327.901818.3166
Slightly volatile
Operating Cash Flow Per Share8.337.92935.8336
Pretty Stable
Stock Based Compensation To Revenue0.0020.00270.0024
Slightly volatile
Capex To Depreciation1.652.18142.1486
Pretty Stable
PB Ratio1.582.24152.491
Slightly volatile
EV To Sales4.554.33213.3539
Slightly volatile
ROIC0.0430.04520.0462
Slightly volatile
Inventory Turnover6.364.90415.7865
Slightly volatile
Days Of Inventory On Hand10674.428369.7688
Pretty Stable
Payables Turnover4.945.6866.593
Slightly volatile
Capex To Revenue0.360.34490.2703
Slightly volatile
Cash Per Share1.360.77950.7793
Slightly volatile
POCF Ratio8.747.32358.3423
Slightly volatile
Interest Coverage2.221.92072.0462
Slightly volatile
Payout Ratio0.460.65280.6108
Slightly volatile
Capex To Operating Cash Flow1.061.11481.2495
Slightly volatile
Days Payables Outstanding75.5764.192457.2008
Slightly volatile
Income Quality2.322.85772.6578
Slightly volatile
ROE0.120.11760.1282
Slightly volatile
EV To Operating Cash Flow20.7814.016.034
Slightly volatile
Return On Tangible Assets0.02780.02650.0248
Very volatile
Net Debt To EBITDA5.275.55134.9852
Slightly volatile
Current Ratio1.030.98071.4717
Very volatile
Tangible Book Value Per Share29.327.901820.673
Slightly volatile
Receivables Turnover8.977.90477.9267
Slightly volatile
Graham Number44.2442.136929.546
Slightly volatile
Shareholders Equity Per Share27.225.906617.5601
Slightly volatile
Debt To Equity2.972.06472.367
Pretty Stable
Capex Per Share5.18.83936.6459
Slightly volatile
Revenue Per Share39.625.62526.7187
Pretty Stable
Interest Debt Per Share45.5355.697140.4553
Slightly volatile
Debt To Assets0.50.46470.4535
Slightly volatile
Enterprise Value Over EBITDA11.0611.640610.5627
Slightly volatile
Short Term Coverage Ratios2.272.1621.8763
Pretty Stable
Operating Cycle160121123
Very volatile
Price Book Value Ratio1.582.24152.491
Slightly volatile
Days Of Payables Outstanding75.5764.192457.2008
Slightly volatile
Dividend Payout Ratio0.460.65280.6108
Slightly volatile
Price To Operating Cash Flows Ratio8.747.32358.3423
Slightly volatile
Pretax Profit Margin0.130.12780.1144
Slightly volatile
Ebt Per Ebit0.620.77251.2447
Slightly volatile
Operating Profit Margin0.0880.16550.1314
Slightly volatile
Effective Tax Rate0.150.15410.2645
Slightly volatile
Company Equity Multiplier6.514.44295.2559
Slightly volatile
Long Term Debt To Capitalization0.770.65790.683
Very volatile
Total Debt To Capitalization0.790.67370.7037
Very volatile
Return On Capital Employed0.05190.04030.0486
Slightly volatile
Debt Equity Ratio2.972.06472.367
Pretty Stable
Ebit Per Revenue0.0880.16550.1314
Slightly volatile
Quick Ratio0.70.65661.0005
Pretty Stable
Dividend Paid And Capex Coverage Ratio0.750.73230.7344
Slightly volatile
Net Income Per E B T0.490.92980.7188
Slightly volatile
Cash Ratio0.10.07840.1186
Pretty Stable
Cash Conversion Cycle61.4656.411264.0814
Slightly volatile
Operating Cash Flow Sales Ratio0.320.30940.2274
Slightly volatile
Days Of Inventory Outstanding10674.428369.7688
Pretty Stable
Days Of Sales Outstanding39.5946.175352.0594
Pretty Stable
Cash Flow Coverage Ratios0.0960.14820.1474
Slightly volatile
Price To Book Ratio1.582.24152.491
Slightly volatile
Fixed Asset Turnover0.280.29730.437
Slightly volatile
Capital Expenditure Coverage Ratio0.620.8970.8605
Slightly volatile
Price Cash Flow Ratio8.747.32358.3423
Slightly volatile
Enterprise Value Multiple11.0611.640610.5627
Slightly volatile
Debt Ratio0.50.46470.4535
Slightly volatile
Cash Flow To Debt Ratio0.0960.14820.1474
Slightly volatile
Price Sales Ratio2.382.26611.7605
Slightly volatile
Return On Assets0.02780.02650.0252
Slightly volatile
Asset Turnover0.430.22260.3228
Slightly volatile
Gross Profit Margin0.470.38350.3641
Slightly volatile
Price Fair Value1.582.24152.491
Slightly volatile
Return On Equity0.120.11760.1282
Slightly volatile

CMS Energy Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market CapB3.5 B3.6 B
Very volatile
Enterprise Value6.7 BB9.4 B
Very volatile

CMS Fundamental Market Drivers

Cash And Short Term Investments227 M

About CMS Energy Financial Statements

CMS Energy stakeholders use historical fundamental indicators, such as CMS Energy's revenue or net income, to determine how well the company is positioned to perform in the future. Although CMS Energy investors may analyze each financial statement separately, they are all interrelated. For example, changes in CMS Energy's assets and liabilities are reflected in the revenues and expenses on CMS Energy's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CMS Energy Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue733.5 M770.2 M
Total Revenue7.5 B6.3 B
Cost Of Revenue4.6 BB
Capex To Revenue 0.34  0.36 
Revenue Per Share 25.63  39.60 
Ebit Per Revenue 0.17  0.09 

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When determining whether CMS Energy Corp is a strong investment it is important to analyze CMS Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CMS Energy's future performance. For an informed investment choice regarding CMS Stock, refer to the following important reports:
Check out the analysis of CMS Energy Correlation against competitors.
For information on how to trade CMS Stock refer to our How to Trade CMS Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CMS Energy. If investors know CMS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CMS Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CMS Energy Corp is measured differently than its book value, which is the value of CMS that is recorded on the company's balance sheet. Investors also form their own opinion of CMS Energy's value that differs from its market value or its book value, called intrinsic value, which is CMS Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMS Energy's market value can be influenced by many factors that don't directly affect CMS Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CMS Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMS Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMS Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.