Cms Energy Corp. CMS
Power Generation · data as of November 13, 2026
Cms Energy Corp. (CMS) is a utility company listed in the US with a market value of about $22.1B. In the twelve months to September 30, 2026 it had revenue of $9.0B and net income of $862M, a net margin of 9.6%.
Its overall Stock Analiz score is 0.4 out of 5 (weak). The strongest part is future growth (1/5); the weakest is value (0/5).
Key numbers: a P/E of 25.2, 5-year revenue growth of 6% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 60% below the current price.
Score: 0.4 / 5
Checks passed
- Revenue growth above 10% last year
- Profitable 5 years in a row
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0B | $8.5B | $7.5B | $7.5B | $8.6B | $7.3B | $6.4B | $6.6B | $6.9B | $6.6B | $6.4B |
| Net income | $862M | $1.1B | $1.0B | $887M | $837M | $1.4B | $755M | $680M | $657M | $460M | $551M |
| Free cash flow | -$2.2B | — | — | — | -$1.5B | -$257M | -$1.0B | -$307M | -$371M | $40M | -$43M |
| EPS (diluted) | $2.79 | $3.53 | $3.33 | $3.01 | $2.85 | $4.66 | $2.64 | $2.39 | $2.32 | $1.64 | $1.98 |
| Net margin | 9.6% | 12.5% | 13.4% | 11.9% | 9.7% | 18.5% | 11.8% | 10.3% | 9.6% | 7.0% | 8.6% |
| ROIC | — | 4.9% | 5.1% | 4.5% | 5.1% | 5.3% | 5.9% | 5.1% | 6.0% | 4.7% | 6.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 13 analysts is $73.85, 5% above the current price; targets range from $68.00 to $78.00; the consensus rating is “Buy”; expected EPS is $3.88 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Cms Energy’s P/E ratio?
About 25.2, based on the last twelve months of diluted earnings per share (forward P/E about 16.5).
Is Cms Energy stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 60% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Cms Energy pay a dividend?
Yes. The dividend yield is about 3.27%, and it has paid dividends for 7 years in our data.
Is Cms Energy a good stock to buy?
We do not give buy or sell advice. Cms Energy scores 0.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.