# CMS Energy Corporation (CMS)

- Sector: Utilities · Industry: Utilities Regulated Electric
- SEC CIK: 0000811156 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000811156))
- Full page: https://inspectstocks.com/stocks/cms
- Data as of: price 2026-09-28; newest filing used 2026-07-28; latest fiscal period ended 2026-06-30

## Grade

**B** on the balance-sheet rubric used for lenders, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $1B |  |
| Earnings growing overall | passed | $1B | $738M |
| Earnings growing recently | failed | $1B | $1.1B |
| Earns well on its assets | passed | 2.5% |  |
| Book value per share growing | passed | $30.38 | $24.19 |

Business quality (the + / − mark): 3 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 11.6% |  |
| Healthy profit margin | passed | 11.6% |  |
| Strong operating margin | passed | 18.9% |  |
| Good return on equity | failed | 11.2% |  |
| Debt under control | failed | 2.07 |  |
| Turns sales into cash | failed | -14.6% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $8.8B |
| Net income, trailing twelve months | $1B |
| Net margin | 11.6% |
| Operating margin | 18.9% |
| Return on equity | 11.2% |
| Debt to equity | 2.07 |
| Diluted EPS, trailing twelve months | $3.33 |
| Share price | $62.61 |
| Market value | $19.6B |
| Price / earnings | 18.8x |
| Price / sales | 2.2x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/cms)
- [Financial statements](https://inspectstocks.com/stocks/cms/financials)
- [Competitors](https://inspectstocks.com/stocks/cms/peers)
- [Earnings](https://inspectstocks.com/stocks/cms/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.