CMSCMS Energy

$69.22

$68.1352 weeks$79.32

Price

$69.22-3.8%1Y

1M-6.7%1Y-3.8%

Prices are end-of-day closes. This is a research view, the focus is on the fundamentals, quality and valuation below, not intraday price.

Smart Score

Above average

8/10

Value47

Quality83

Momentum55

Growth68

Strongest Quality, weakest Value · ranked vs Utilities peers. The five questions below judge the company on its own terms.

What they do

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. Consumers’ customer base consists of a mix of primarily residential, commercial, and diversified industrial customers.

In the company’s own words · 10-K filed Feb 10, 2026 · SEC EDGAR

P/E (TTM)20.8

Market Cap$22.67B

1Y Return-3.8%

5Y Return+31%

Business segments

Q2 2026 · $1.37B

The company’s own SEC segment disclosure.

Residential Utility Services$629.0M46%
Commercial Utility Service$467.0M34%
Industrial Utility Service$188.0M14%
Other Utility Service$89.0M6%

CMS Energy (CMS) reported revenue of $1.83B in Q2 2026 (quarter ended June 30, 2026), down 0.5% from the same quarter a year earlier. That came with net income of $120M (6.6% of revenue). For the full year FY2025, revenue was $8.54B (+14% year on year) and net income $1.07B. Its largest product in 2026-Q2 was Residential Utility Services at $629M, 46% of the disclosed total, just ahead of Commercial Utility Service at 34%.

Raw charts

10 series · TTM

As reported to the SEC, without any scoring.

Utilities - Regulated Electric

Ranks #11 of 37 by Smart Score