CMS Energy Corp (CMS) stock

CMSNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS.PC, CMSA, CMSC, CMSD

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 7/3012% above fair value

$69.62−0.16 (-0.23%)

Close on Nov 11, 2026Market cap $21.80BP/E 24.9Yield 3.12%

CMS Energy statistics

79 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: Aug 7, 2026
Fundamentals through: Sep 30, 2026
Share price as of: –

Share statisticsIndustry

Shares Outstanding: 314M; 137M
Shares Change (YoY): 3.32%; 2.02%
Shares Change (QoQ): 0.00%; 0.04%
Float: 312M; 118M
Shares Held by Insiders: 0.58%; 1.37%
Shares Held by Institutions: 100.7%; 80.3%

Short sellingIndustry

Short Interest: 18M; –
Short Interest Change: 0.02%; -1.80%
Days to Cover: 3.97; 4.52

Stock price statisticsIndustry

52-Week High: $80.36; –
52-Week Low: $62.28; –
20-Day Moving Average: $69.32; –
50-Day Moving Average: $67.04; –
200-Day Moving Average: $72.52; –
Average True Range (14): $1.34; –
Price Change (1 Week): -1.92%; 0.18%
Price Change (1 Month): 5.01%; 2.92%
Price Change (3 Months): -1.26%; -2.26%
Price Change (6 Months): -4.38%; -2.09%
Price Change (YTD): -0.44%; 4.67%
Price Change (1 Year): -6.00%; 2.01%
Price Change (3 Years): 25.2%; 37.8%
Price Change (5 Years): 16.0%; 23.1%
Price Change (10 Years): 75.1%; 54.4%
Average Volume (10 Days): 4M; –
Average Volume (20 Days): 4M; –
Average Volume (90 Days): 4M; –
Relative Volume: 0.75; 0.94
Relative Strength Index (14): 55.5; 53.8
Volatility (1 Year): 17.7%; 25.4%
Beta (5 Years): 0.28; 0.45

MarginsIndustry

Operating Margin: 13.8%; 20.0%
Pretax Margin: 7.50%; 14.6%
Profit Margin: 9.72%; 10.9%
EBITDA Margin: 28.9%; 33.2%

Returns on capitalIndustry

Return on Equity (ROE): 9.38%; 9.32%
Return on Assets (ROA): 2.19%; 2.64%
Return on Invested Capital (ROIC): 3.45%; 5.77%
Return on Capital Employed (ROCE): 3.23%; 4.78%

Financial positionIndustry

Current Ratio: 0.95; 0.90
Quick Ratio: 0.13; 0.39
Debt / Equity: 2.06; 1.30
Debt / EBITDA: 7.72; 4.88
Net Debt / EBITDA: 7.55; 4.68
Interest Coverage: 1.49; 2.41

GrowthIndustry

Revenue Growth (YoY): 8.20%; 7.96%
Net Income Growth (YoY): -16.7%; 12.1%
EPS Growth (YoY): -19.3%; 10.4%
Revenue Growth (3Y CAGR): -0.22%; 3.90%
Revenue Growth (5Y CAGR): 5.88%; 7.80%
EPS Growth (3Y CAGR): 7.39%; 6.07%
EPS Growth (5Y CAGR): 5.98%; 6.26%

EfficiencyIndustry

Asset Turnover: 0.23; 0.23
Revenue Per Employee: $1.07M; $1.11M
Profits Per Employee: $104.43K; $118.50K
Employee Count: 8,350; 1,444

Income statement (TTM)Industry

Revenue: $8.98B; $2.34B
Operating Income: $1.24B; $370.54M
Pretax Income: $673.00M; $279.10M
Net Income: $872.00M; $140.26M
EBITDA: $2.60B; $664.06M
EPS (Diluted): $2.80; $2.12

Balance sheetIndustry

Cash & Short-Term Investments: $451.00M; $51.50M
Total Debt: $20.04B; $4.67B
Net Cash (Debt): -$19.59B; -$2.57B
Net Cash Per Share: -$62.47; -$23.93
Equity (Book Value): $9.73B; $2.20B
Book Value Per Share: $31.01; $18.60
Tangible Book Value: $9.73B; $1.44B
Working Capital: -$182.00M; -$14.10M

Cash flow (TTM)Industry

Operating Cash Flow: $2.28B; $516.26M

Dividends and yieldsIndustry

Dividend Per Share: $2.17; $1.98
Dividend Growth (YoY): 5.34%; 5.10%
Years of Dividend Growth: 17; 11

Taxes and interestIndustry

Interest Expense: $828.00M; $204.10M
Income Tax: $149.00M; $44.44M
Effective Tax Rate: 22.1%; 16.0%

Scores and fair valueIndustry

Graham Number: $44.20; $47.70
Piotroski F-Score: 5; 5

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

Period	CMS	S&P 500	Difference	CMS per year	S&P 500 per year
1 month	+6.3%	-2.4%	+8.7 pts
3 months	0.0%	-1.2%	+1.2 pts
Year to date	+1.9%	+12.3%	−10.4 pts
1 year	-4.8%	+12.4%	−17.2 pts
3 years	+36.5%	+78.8%	−42.3 pts	+10.9%	+21.4%
5 years	+34.4%	+75.2%	−40.8 pts	+6.1%	+11.9%
10 years	+134.1%	+311.1%	−177.0 pts	+8.9%	+15.2%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

18M CMS shares were sold short on Oct 30, 2026, up 0.0% from the previous report. At recent volumes it would take 4.0 days to buy them back. Over the last 20 sessions, 69.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	18,279,069	+0.0%	4,609,753	4.0
Oct 15, 2026	18,276,124	+5.4%	4,128,874	4.4
Sep 30, 2026	17,334,557	+6.0%	4,262,677	4.1
Sep 15, 2026	16,354,988	+3.9%	2,928,901	5.6
Aug 31, 2026	15,738,780	-3.8%	3,275,364	4.8
Aug 14, 2026	16,365,188	-1.4%	3,855,970	4.2
Jul 31, 2026	16,591,680	-18.6%	4,095,736	4.0
Jul 15, 2026	20,375,115	-2.0%	2,880,415	7.1
Jun 30, 2026	20,783,480	+24.6%	3,556,411	5.8
Jun 15, 2026	16,673,789	+10.3%	4,138,510	4.0
May 29, 2026	15,120,545	+7.3%	2,719,805	5.6
May 15, 2026	14,090,627	-12.0%	2,540,998	5.5