Cms Energy Corp - Understand $cms stock

$CMS Market Cap: $20.17 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$7.476B

TTM

Gross Margin

72.32%

TTM

Net Earnings

$1.042B

TTM

Current Assets

$2.703B

Q3 2024

Current Liabilities

$2.191B

Q3 2024

Current Ratio

123.37%

Q3 2024

Total Assets

$34.82B

Q3 2024

Total Liabilities

$26.18B

Q3 2024

Book Value

$8.641B

Q3 2024

Cash

$412.0M

Q3 2024

P/E

19.36

Nov 29, 2024 EST

Free Cash Flow

-$284.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	$7.462B	$8.596B	$7.329B	$6.418B	$6.624B	$6.873B	$6.583B	$6.399B	$6.456B	$7.179B	$6.566B	$6.253B	$6.503B	$6.432B	$6.203B	$6.812B	$6.491B	$6.215B	$6.004B	$5.587B	$5.677B	$8.765B	$8.178B	$6.697B	$5.926B	$5.141B	$4.781B	$4.324B	$3.890B	$3.614B	$3.476B	$3.146B	$2.998B	$3.028B	$2.961B	$2.943B	$2.782B	$3.109B	$3.235B
YoY Change	-13.19%	17.29%	14.19%	-3.11%	-3.62%	4.41%	2.88%	-0.88%	-10.07%	9.34%	5.01%	-3.84%	1.1%	3.69%	-8.94%	4.95%	4.44%	3.51%	7.46%	-1.59%	-35.23%	7.18%	22.11%	13.01%	15.27%	7.53%	10.57%	11.16%	7.64%	3.97%	10.49%	4.94%	-0.99%	2.26%	0.61%	5.79%	-10.52%	-3.89%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	$7.462B	$8.596B	$7.329B	$6.418B	$6.624B	$6.873B	$6.583B	$6.399B	$6.456B	$7.179B	$6.566B	$6.253B	$6.503B	$6.432B	$6.203B	$6.812B	$6.491B	$6.215B	$6.004B	$5.587B	$5.677B	$8.765B	$8.178B	$6.697B	$5.926B	$5.141B	$4.781B	$4.324B	$3.890B	$3.614B	$3.476B	$3.146B	$2.998B	$3.028B	$2.961B	$2.943B	$2.782B	$3.109B	$3.235B
Cost Of Revenue	$2.352B	$3.260B	$2.477B	$2.133B	$2.340B	$2.530B	$2.339B	$2.304B	$2.450B	$3.185B	$2.705B	$2.601B	$2.876B	$2.914B	$3.029B	$3.612B	$3.579B	$2.840B	$2.737B	$2.130B	$2.786B	$5.986B	$5.622B	$3.739B	$2.533B	$2.369B	$2.175B	$1.788B	$1.511B	$1.429B	$1.416B	$1.321B	$1.279B	$1.148B	$935.0M	$987.0M	$895.0M	$1.068B	$1.278B
Gross Profit	$5.110B	$5.336B	$4.852B	$4.547B	$4.505B	$4.343B	$4.244B	$4.095B	$4.006B	$3.994B	$3.861B	$3.652B	$3.627B	$3.518B	$3.174B	$3.200B	$2.912B	$3.375B	$3.267B	$3.457B	$2.891B	$2.779B	$2.556B	$2.958B	$3.393B	$2.772B	$2.606B	$2.536B	$2.379B	$2.185B	$2.060B	$1.825B	$1.719B	$1.880B	$2.026B	$1.956B	$1.887B	$2.041B	$1.957B
Gross Profit Margin	68.48%	62.08%	66.2%	70.85%	68.01%	63.19%	64.47%	63.99%	62.05%	55.63%	58.8%	58.4%	55.77%	54.7%	51.17%	46.98%	44.86%	54.3%	54.41%	61.88%	50.92%	31.71%	31.25%	44.17%	57.26%	53.92%	54.51%	58.65%	61.16%	60.46%	59.26%	58.01%	57.34%	62.09%	68.42%	66.46%	67.83%	65.65%	60.49%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.180B	$1.126B	$1.114B	$1.043B	$989.0M	$933.0M	$881.0M	$811.0M	$750.0M	$685.0M	$628.0M	$598.0M	$546.0M	$576.0M	$570.0M	$589.0M	$545.0M	$576.0M	$525.0M	$431.0M	$428.0M	$412.0M	$408.0M	$489.0M	$595.0M	$484.0M	$467.0M	$427.0M	$416.0M	$452.0M	$431.0M	$400.0M	$314.0M	$279.0M	$274.0M	$262.0M	$259.0M	$247.0M	$219.0M
YoY Change	4.8%	1.08%	6.81%	5.46%	6.0%	5.9%	8.63%	8.13%	9.49%	9.08%	5.02%	9.52%	-5.21%	1.05%	-3.23%	8.07%	-5.38%	9.71%	21.81%	0.7%	3.88%	0.98%	-16.56%	-17.82%	22.93%	3.64%	9.37%	2.64%	-7.96%	4.87%	7.75%	27.39%	12.54%	1.82%	4.58%	1.16%	4.86%	12.79%
% of Gross Profit	23.09%	21.1%	22.96%	22.94%	21.95%	21.48%	20.76%	19.8%	18.72%	17.15%	16.27%	16.37%	15.05%	16.37%	17.96%	18.41%	18.72%	17.07%	16.07%	12.47%	14.8%	14.83%	15.96%	16.53%	17.54%	17.46%	17.92%	16.84%	17.49%	20.69%	20.92%	21.92%	18.27%	14.84%	13.52%	13.39%	13.73%	12.1%	11.19%
Operating Expenses	$3.875B	$7.372B	$3.706B	$3.185B	$3.266B	$3.181B	$2.906B	$2.839B	$2.828B	$2.842B	$2.719B	$2.650B	$2.624B	$2.596B	$2.491B	$2.410B	$2.449B	$3.049B	$2.434B	$2.704B	$2.201B	$2.102B	$2.082B	$2.161B	$2.418B	$2.048B	$1.890B	$1.860B	$1.760B	$1.682B	$1.621B	$1.594B	$1.458B	$1.363B	$1.434B	$1.357B	$1.295B	$1.318B	$1.482B
YoY Change	-47.44%	98.92%	16.36%	-2.48%	2.67%	9.46%	2.36%	0.39%	-0.49%	4.52%	2.6%	0.99%	1.08%	4.22%	3.36%	-1.59%	-19.68%	25.27%	-9.99%	22.85%	4.71%	0.96%	-3.66%	-10.63%	18.07%	8.36%	1.61%	5.68%	4.64%	3.76%	1.69%	9.33%	6.97%	-4.95%	5.67%	4.79%	-1.75%	-11.07%
Operating Profit	$1.235B	$1.224B	$1.146B	$1.230B	$1.115B	$1.162B	$1.338B	$1.256B	$1.178B	$1.152B	$1.142B	$1.002B	$1.003B	$922.0M	$683.0M	$790.0M	$463.0M	$326.0M	$833.0M	$753.0M	$690.0M	$677.0M	$474.0M	$797.0M	$975.0M	$724.0M	$716.0M	$676.0M	$619.0M	$503.0M	$439.0M	$231.0M	$261.0M	$517.0M	$592.0M	$599.0M	$592.0M	$723.0M	$475.0M
YoY Change	0.9%	6.81%	-6.83%	10.31%	-4.04%	-13.15%	6.53%	6.62%	2.26%	0.88%	13.97%	-0.1%	8.79%	34.99%	-13.54%	70.63%	42.02%	-60.86%	10.62%	9.13%	1.92%	42.83%	-40.53%	-18.26%	34.67%	1.12%	5.92%	9.21%	23.06%	14.58%	90.04%	-11.49%	-49.52%	-12.67%	-1.17%	1.18%	-18.12%	52.21%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Interest Expense	$643.0M	-$519.0M	$500.0M	$505.0M	$460.0M	$458.0M	$438.0M	$435.0M	-$370.0M	-$387.0M	-$382.0M	-$367.0M	-$397.0M	-$401.0M	-$417.0M	-$398.0M	-$346.0M	-$407.0M	-$413.0M	-$610.0M	-$550.0M	-$500.0M	-$543.0M	-$502.0M	-$585.0M	-$387.0M	-$352.0M	-$304.0M	-$286.0M	-$229.0M	-$234.0M	-$212.0M	-$347.0M	-$299.0M	-$188.0M	-$248.0M	-$315.0M	-$511.0M	$456.0M
YoY Change	-223.89%	-203.8%	-0.99%	9.78%	0.44%	4.57%	0.69%	-217.57%	-4.39%	1.31%	4.09%	-7.56%	-1.0%	-3.84%	4.77%	15.03%	-14.99%	-1.45%	-32.3%	10.91%	10.0%	-7.92%	8.17%	-14.19%	51.16%	9.94%	15.79%	6.29%	24.89%	-2.14%	10.38%	-38.9%	16.05%	59.04%	-24.19%	-21.27%	-38.36%	-212.06%
% of Operating Profit	52.06%	-42.4%	43.63%	41.06%	41.26%	39.41%	32.74%	34.63%	-31.41%	-33.59%	-33.45%	-36.63%	-39.58%	-43.49%	-61.05%	-50.38%	-74.73%	-124.85%	-49.58%	-81.01%	-79.71%	-73.86%	-114.56%	-62.99%	-60.0%	-53.45%	-49.16%	-44.97%	-46.2%	-45.53%	-53.3%	-91.77%	-132.95%	-57.83%	-31.76%	-41.4%	-53.21%	-70.68%	96.0%
Other Income/Expense, Net	$362.0M	$197.0M	$177.0M	$84.00M	$109.0M	$70.00M	-$14.00M	$5.000M	-$12.00M	-$36.00M	-$4.000M	-$15.00M	$1.000M	$4.000M	$12.00M	$5.000M	-$5.000M	$36.00M	-$8.000M	$102.0M	-$26.00M	-$45.00M	-$34.00M	-$23.00M	$7.000M	-$46.00M	-$12.00M	-$11.00M	-$11.00M	-$3.000M	$31.00M	-$294.0M	-$151.0M	-$596.0M	$49.00M	$62.00M	$112.0M	-$578.0M	-$475.0M
YoY Change	83.76%	11.3%	110.71%	-22.94%	55.71%	-600.0%	-380.0%	-141.67%	-66.67%	800.0%	-73.33%	-1600.0%	-75.0%	-66.67%	140.0%	-200.0%	-113.89%	-550.0%	-107.84%	-492.31%	-42.22%	32.35%	47.83%	-428.57%	-115.22%	283.33%	9.09%	0.0%	266.67%	-109.68%	-110.54%	94.7%	-74.66%	-1316.33%	-20.97%	-44.64%	-119.38%	21.68%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Pretax Income	$954.0M	$902.0M	$823.0M	$809.0M	$764.0M	$774.0M	$886.0M	$826.0M	$796.0M	$729.0M	$756.0M	$622.0M	$606.0M	$590.0M	$335.0M	$440.0M	-$317.0M	-$425.0M	-$766.0M	$137.0M	$16.00M	-$433.0M	-$428.0M	-$3.000M	$355.0M	$342.0M	$352.0M	$361.0M	$322.0M	$271.0M	$236.0M	-$275.0M	-$237.0M	-$378.0M	$453.0M	$413.0M	$389.0M	-$366.0M	$456.0M
YoY Change	5.76%	9.6%	1.73%	5.89%	-1.29%	-12.64%	7.26%	3.77%	9.19%	-3.57%	21.54%	2.64%	2.71%	76.12%	-23.86%	-238.8%	-25.41%	-44.52%	-659.12%	756.25%	-103.7%	1.17%	14166.67%	-100.85%	3.8%	-2.84%	-2.49%	12.11%	18.82%	14.83%	-185.82%	16.03%	-37.3%	-183.44%	9.69%	6.17%	-206.28%	-180.26%
Income Tax	$147.0M	$93.00M	$95.00M	$115.0M	$131.0M	$115.0M	$424.0M	$273.0M	$271.0M	$250.0M	$302.0M	$245.0M	$191.0M	$224.0M	$115.0M	$139.0M	-$197.0M	-$188.0M	-$180.0M	-$5.000M	$58.00M	-$41.00M	-$94.00M	$34.00M	$63.00M	$100.0M	$108.0M	$137.0M	$118.0M	$92.00M	$81.00M	$22.00M	$25.00M	$116.0M	$141.0M	$141.0M	$144.0M	$245.0M	$186.0M
% Of Pretax Income	15.41%	10.31%	11.54%	14.22%	17.15%	14.86%	47.86%	33.05%	34.05%	34.29%	39.95%	39.39%	31.52%	37.97%	34.33%	31.59%				-3.65%	362.5%				17.75%	29.24%	30.68%	37.95%	36.65%	33.95%	34.32%				31.13%	34.14%	37.02%		40.79%
Net Earnings	$887.0M	$827.0M	$1.353B	$755.0M	$680.0M	$657.0M	$460.0M	$551.0M	$523.0M	$477.0M	$452.0M	$382.0M	$415.0M	$340.0M	$229.0M	$295.0M	-$222.0M	-$79.00M	-$84.00M	$121.0M	-$43.00M	-$650.0M	-$459.0M	$43.00M	$277.0M	$272.0M	$229.0M	$210.0M	$201.0M	$179.0M	$154.0M	-$297.0M	-$275.0M	-$492.0M	$312.0M	$272.0M	$242.0M	-$611.0M	$270.0M
YoY Change	7.26%	-38.88%	79.21%	11.03%	3.5%	42.83%	-16.52%	5.35%	9.64%	5.53%	18.32%	-7.95%	22.06%	48.47%	-22.37%	-232.88%	181.01%	-5.95%	-169.42%	-381.4%	-93.38%	41.61%	-1167.44%	-84.48%	1.84%	18.78%	9.05%	4.48%	12.29%	16.23%	-151.85%	8.0%	-44.11%	-257.69%	14.71%	12.4%	-139.61%	-326.3%
Net Earnings / Revenue	11.89%	9.62%	18.46%	11.76%	10.27%	9.56%	6.99%	8.61%	8.1%	6.64%	6.88%	6.11%	6.38%	5.29%	3.69%	4.33%	-3.42%	-1.27%	-1.4%	2.17%	-0.76%	-7.42%	-5.61%	0.64%	4.67%	5.29%	4.79%	4.86%	5.17%	4.95%	4.43%	-9.44%	-9.17%	-16.25%	10.54%	9.24%	8.7%	-19.65%	8.35%
Basic Earnings Per Share	$3.01	$2.85	$4.66	$2.65	$2.40	$2.33	$1.64	$1.99
Diluted Earnings Per Share	$3.01	$2.852M	$4.66	$2.64	$2.39	$2.32	$1.64	$1.98	$1.892M	$1.737M	$1.662M	$1.422M	$1.576M	$1.344M	$962.6K	$1.249M	-$988.9K	-$359.3K	-$396.6K	$703.1K	-$285.9K	-$4.676M	-$3.512M	$380.2K	$2.415M	$2.537M	$2.320M	$2.265M	$2.258M	$2.081M	$1.901M	-$3.717M	-$3.438M	-$6.074M	$3.805M	$3.309M	$2.834M	-$6.943M	$3.065M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Cash & Short-Term Investments	$227.0M	$164.0M	$452.0M	$168.0M	$140.0M	$153.0M	$182.0M	$235.0M	$266.0M	$207.0M	$172.0M	$93.00M	$161.0M	$247.0M	$90.00M	$207.0M	$348.0M	$249.0M	$847.0M	$778.0M	$532.0M	$351.0M	$127.0M	$182.0M	$132.0M	$101.0M	$69.00M	$56.00M	$56.00M	$79.00M	$28.00M	$445.0M	$484.0M	$79.00M	$43.00M	$122.0M	$32.00M	$82.00M
YoY Change	38.41%	-63.72%	169.05%	20.0%	-8.5%	-15.93%	-22.55%	-11.65%	28.5%	20.35%	84.95%	-42.24%	-34.82%	174.44%	-56.52%	-40.52%	39.76%	-70.6%	8.87%	46.24%	51.57%	176.38%	-30.22%	37.88%	30.69%	46.38%	23.21%	0.0%	-29.11%	182.14%	-93.71%	-8.06%	512.66%	83.72%	-64.75%	281.25%	-60.98%
Cash & Equivalents	$227.0M	$164.0M	$452.0M	$168.0M	$140.0M	$153.0M	$182.0M	$235.0M	$266.0M	$207.0M	$172.0M	$93.00M	$161.0M	$247.0M	$90.00M	$207.0M	$348.0M	$249.0M	$847.0M	$669.0M	$532.0M	$351.0M	$127.0M	$182.0M	$132.0M	$101.0M	$69.00M	$56.00M	$56.00M	$79.00M	$28.00M	$123.0M	$151.0M	$79.00M	$43.00M	$122.0M	$32.00M	$82.00M
Short-Term Investments																				$109.0M	$0.00									$0.00	$0.00	$322.0M	$333.0M	$0.00	$0.00	$0.00	$0.00	$0.00
Other Short-Term Assets	$2.612B	$3.269B	$565.0M	$503.0M	$441.0M	$438.0M	$377.0M	$367.0M	$347.0M	$441.0M	$486.0M	$339.0M	$289.0M	$276.0M	$304.0M	$270.0M	$291.0M	$940.0M	$899.0M	$610.0M	$610.0M	$981.0M	$998.0M	$1.414B	$296.0M	$225.0M	$273.0M	$283.0M	$254.0M	$250.0M	$243.0M	$230.0M	$200.0M	$449.0M	$344.0M	$118.0M	$123.0M	$183.0M
YoY Change	-20.1%	478.58%	12.33%	14.06%	0.68%	16.18%	2.72%	5.76%	-21.32%	-9.26%	43.36%	17.3%	4.71%	-9.21%	12.59%	-7.22%	-69.04%	4.56%	47.38%	0.0%	-37.82%	-1.7%	-29.42%	377.7%	31.56%	-17.58%	-3.53%	11.42%	1.6%	2.88%	5.65%	15.0%	-55.46%	30.52%	191.53%	-4.07%	-32.79%
Inventory	$938.0M	$1.117B	$667.0M	$576.0M	$605.0M	$650.0M	$672.0M	$626.0M	$778.0M	$918.0M	$881.0M	$1.084B	$1.187B	$1.175B	$1.319B	$1.405B	$1.334B	$1.342B	$1.275B	$1.030B	$891.0M	$624.0M	$731.0M	$467.0M	$430.0M	$361.0M	$319.0M	$302.0M	$304.0M	$347.0M	$343.0M	$311.0M	$334.0M	$326.0M	$280.0M	$303.0M	$376.0M	$395.0M
Prepaid Expenses
Receivables	$944.0M	$1.580B	$943.0M	$882.0M	$903.0M	$994.0M	$1.044B	$833.0M	$785.0M	$892.0M	$924.0M	$865.0M	$879.0M	$991.0M	$948.0M	$850.0M	$839.0M	$564.0M	$899.0M	$581.0M	$436.0M	$783.0M	$704.0M	$1.440B	$959.0M	$720.0M	$495.0M	$373.0M	$296.0M	$156.0M	$149.0M	$183.0M	$304.0M	$172.0M	$121.0M	$286.0M	$303.0M	$474.0M
Other Receivables	$0.00	$0.00	$0.00	$275.0M	$242.0M	$233.0M	$200.0M	$219.0M	$144.0M	$139.0M	$63.00M	$41.00M	$49.00M	$70.00M	$81.00M	$95.00M	$68.00M	$48.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.839B	$3.433B	$2.627B	$2.404B	$2.331B	$2.468B	$2.475B	$2.280B	$2.320B	$2.597B	$2.526B	$2.422B	$2.565B	$2.759B	$2.742B	$2.827B	$2.880B	$3.143B	$3.920B	$2.999B	$2.469B	$2.739B	$2.560B	$3.503B	$1.817B	$1.407B	$1.156B	$1.014B	$910.0M	$832.0M	$763.0M	$1.169B	$1.322B	$1.026B	$788.0M	$829.0M	$834.0M	$1.134B
YoY Change	-17.3%	30.68%	9.28%	3.13%	-5.55%	-0.28%	8.55%	-1.72%	-10.67%	2.81%	4.29%	-5.58%	-7.03%	0.62%	-3.01%	-1.84%	-8.37%	-19.82%	30.71%	21.47%	-9.86%	6.99%	-26.92%	92.79%	29.14%	21.71%	14.0%	11.43%	9.38%	9.04%	-34.73%	-11.57%	28.85%	30.2%	-4.95%	-0.6%	-26.46%
Property, Plant & Equipment	$25.07B	$22.71B	$22.38B	$21.07B	$18.97B	$18.13B	$16.76B	$15.72B	$14.71B	$12.74B	$11.62B	$11.55B	$10.63B	$10.07B	$9.682B	$9.181B	$8.728B	$7.708B	$7.845B	$8.742B	$6.890B	$6.103B	$5.848B	$7.831B	$8.121B	$6.040B	$5.144B	$5.280B	$5.074B	$4.814B	$4.583B	$4.326B	$4.121B	$4.033B	$3.839B	$3.780B	$3.768B	$3.801B
YoY Change	10.39%	1.5%	6.19%	11.07%	4.67%	8.14%	6.66%	6.87%	15.43%	9.66%	0.57%	8.63%	5.6%	4.0%	5.46%	5.19%	13.23%	-1.75%	-10.26%	26.88%	12.9%	4.36%	-25.32%	-3.57%	34.45%	17.42%	-2.58%	4.06%	5.4%	5.04%	5.94%	4.97%	2.18%	5.05%	1.56%	0.32%	-0.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$76.00M	$71.00M	$71.00M	$70.00M	$71.00M	$69.00M	$64.00M	$65.00M	$64.00M	$61.00M	$59.00M	$57.00M	$50.00M	$49.00M	$9.000M	$11.00M	$11.00M	$1.168B	$1.280B	$1.327B	$1.965B	$1.905B	$2.542B	$3.551B	$2.598B	$2.630B	$2.232B	$1.389B	$1.122B	$500.0M	$421.0M	$338.0M	$340.0M	$383.0M	$250.0M	$214.0M	$167.0M	$0.00
YoY Change	7.04%	0.0%	1.43%	-1.41%	2.9%	7.81%	-1.54%	1.56%	4.92%	3.39%	3.51%	14.0%	2.04%	444.44%	-18.18%	0.0%	-99.06%	-8.75%	-3.54%	-32.47%	3.15%	-25.06%	-28.41%	36.68%	-1.22%	17.83%	60.69%	23.8%	124.4%	18.76%	24.56%	-0.59%	-11.23%	53.2%	16.82%	28.14%
Other Assets	$5.606B	$5.207B	$3.647B	$3.488B	$3.181B	$2.221B	$2.563B	$2.444B	$2.183B	$2.308B	$1.939B	$2.580B	$2.742B	$2.342B	$2.526B	$2.696B	$2.405B	$3.090B	$2.595B	$2.386B	$2.097B	$3.717B	$4.953B	$1.320B	$1.784B	$1.167B	$976.0M	$932.0M	$1.037B	$1.232B	$1.197B	$1.015B	$411.0M	$2.475B	$3.737B	$3.480B	$3.223B	$3.732B
YoY Change	7.66%	42.77%	4.56%	9.65%	43.22%	-13.34%	4.87%	11.96%	-5.42%	19.03%	-24.84%	-5.91%	17.08%	-7.28%	-6.31%	12.1%	-22.17%	19.08%	8.76%	13.78%	-43.58%	-24.95%	275.23%	-26.01%	52.87%	19.57%	4.72%	-10.13%	-15.83%	2.92%	17.93%	146.96%	-83.39%	-33.77%	7.39%	7.97%	-13.64%
Total Long-Term Assets	$30.68B	$27.92B	$26.13B	$27.26B	$24.51B	$22.06B	$20.58B	$19.34B	$17.98B	$16.59B	$14.89B	$14.71B	$13.89B	$12.86B	$12.51B	$12.07B	$11.31B	$12.23B	$12.12B	$12.87B	$11.37B	$12.04B	$14.22B	$13.75B	$13.65B	$9.903B	$8.352B	$7.601B	$7.233B	$6.546B	$6.201B	$5.679B	$4.872B	$6.891B	$7.826B	$7.474B	$7.158B	$7.533B
YoY Change	9.88%	6.87%	-4.17%	11.25%	11.08%	7.22%	6.37%	7.58%	8.39%	11.4%	1.23%	5.92%	8.01%	2.74%	3.64%	6.74%	-7.49%	0.88%	-5.84%	13.23%	-5.59%	-15.29%	3.4%	0.75%	37.79%	18.57%	9.88%	5.09%	10.49%	5.56%	9.19%	16.56%	-29.3%	-11.95%	4.71%	4.41%	-4.98%
Total Assets	$33.52B	$31.35B	$28.75B	$29.67B	$26.84B	$24.53B	$23.05B	$21.62B	$20.30B	$19.19B	$17.42B	$17.13B	$16.45B	$15.62B	$15.26B	$14.90B	$14.19B	$15.37B	$16.04B	$15.87B	$13.84B	$14.78B	$16.78B	$17.25B	$15.46B	$11.31B	$9.508B	$8.615B	$8.143B	$7.378B	$6.964B	$6.848B	$6.194B	$7.917B	$8.614B	$8.303B	$7.992B	$8.667B
YoY Change
Accounts Payable	$809.0M	$936.0M	$886.0M	$678.0M	$635.0M	$733.0M	$740.0M	$610.0M	$642.0M	$688.0M	$595.0M	$521.0M	$584.0M	$501.0M	$509.0M	$516.0M	$431.0M	$483.0M	$613.0M	$392.0M	$343.0M	$549.0M	$649.0M	$1.094B	$836.0M	$580.0M	$478.0M	$411.0M	$359.0M	$244.0M	$217.0M	$248.0M	$234.0M	$304.0M	$239.0M	$175.0M	$209.0M	$217.0M
YoY Change	-13.57%	5.64%	30.68%	6.77%	-13.37%	-0.95%	21.31%	-4.98%	-6.69%	15.63%	14.2%	-10.79%	16.57%	-1.57%	-1.36%	19.72%	-10.77%	-21.21%	56.38%	14.29%	-37.52%	-15.41%	-40.68%	30.86%	44.14%	21.34%	16.3%	14.48%	47.13%	12.44%	-12.5%	5.98%	-23.03%	27.2%	36.57%	-16.27%	-3.69%
Accrued Expenses	$200.0M	$126.0M	$122.0M	$135.0M	$148.0M	$98.00M	$136.0M	$119.0M	$132.0M	$114.0M	$108.0M	$101.0M	$131.0M	$121.0M	$117.0M	$114.0M	$122.0M	$163.0M	$145.0M	$145.0M	$130.0M	$131.0M	$135.0M	$159.0M	$148.0M	$76.00M	$63.00M	$55.00M	$67.00M	$281.0M	$301.0M	$385.0M	$506.0M	$431.0M	$363.0M	$387.0M	$368.0M	$321.0M
YoY Change	58.73%	3.28%	-9.63%	-8.78%	51.02%	-27.94%	14.29%	-9.85%	15.79%	5.56%	6.93%	-22.9%	8.26%	3.42%	2.63%	-6.56%	-25.15%	12.41%	0.0%	11.54%	-0.76%	-2.96%	-15.09%	7.43%	94.74%	20.63%	14.55%	-17.91%	-76.16%	-6.64%	-21.82%	-23.91%	17.4%	18.73%	-6.2%	5.16%	14.64%
Deferred Revenue
YoY Change
Short-Term Debt	$93.00M	$20.00M	$0.00	$0.00	$90.00M	$97.00M	$170.0M	$398.0M	$249.0M	$60.00M	$170.0M	$110.0M	$0.00	$0.00	$40.00M	$0.00	$1.000M	$2.000M	$0.00	$0.00	$0.00	$458.0M	$416.0M	$403.0M	$230.0M	$328.0M	$382.0M	$333.0M	$341.0M	$339.0M	$259.0M	$215.0M	$708.0M	$337.0M	$228.0M	$287.0M	$462.0M	$290.0M
YoY Change	365.0%			-100.0%	-7.22%	-42.94%	-57.29%	59.84%	315.0%	-64.71%	54.55%			-100.0%		-100.0%	-50.0%				-100.0%	10.1%	3.23%	75.22%	-29.88%	-14.14%	14.71%	-2.35%	0.59%	30.89%	20.47%	-69.63%	110.09%	47.81%	-20.56%	-37.88%	59.31%
Long-Term Debt Due	$5.000M	$9.000M	$6.000M	$1.493B	$1.117B	$996.0M	$1.103B	$886.0M	$706.0M	$540.0M	$562.0M	$541.0M	$1.057B	$750.0M	$694.0M	$514.0M	$919.0M	$563.0M	$510.0M	$508.0M	$575.0M	$697.0M	$1.062B	$707.0M	$1.111B	$293.0M	$643.0M	$409.0M	$207.0M	$64.00M	$368.0M	$132.0M	$293.0M	$103.0M	$125.0M	$439.0M	$223.0M	$270.0M
YoY Change	-44.44%	50.0%	-99.6%	33.66%	12.15%	-9.7%	24.49%	25.5%	30.74%	-3.91%	3.88%	-48.82%	40.93%	8.07%	35.02%	-44.07%	63.23%	10.39%	0.39%	-11.65%	-17.5%	-34.37%	50.21%	-36.36%	279.18%	-54.43%	57.21%	97.58%	223.44%	-82.61%	178.79%	-54.95%	184.47%	-17.6%	-71.53%	96.86%	-17.41%
Total Short-Term Liabilities	$1.822B	$1.866B	$2.204B	$3.074B	$2.704B	$2.624B	$2.784B	$2.655B	$2.302B	$2.014B	$1.945B	$1.797B	$2.338B	$2.021B	$1.954B	$1.863B	$2.473B	$2.156B	$2.134B	$1.755B	$1.636B	$2.889B	$3.671B	$4.261B	$3.066B	$1.807B	$2.075B	$1.723B	$1.510B	$1.221B	$1.416B	$1.270B	$1.988B	$1.421B	$1.354B	$1.453B	$1.477B	$1.407B
YoY Change	-2.36%	-15.34%	-28.3%	13.68%	3.05%	-5.75%	4.86%	15.33%	14.3%	3.55%	8.24%	-23.14%	15.69%	3.43%	4.88%	-24.67%	14.7%	1.03%	21.6%	7.27%	-43.37%	-21.3%	-13.85%	38.98%	69.67%	-12.92%	20.43%	14.11%	23.67%	-13.77%	11.5%	-36.12%	39.9%	4.95%	-6.81%	-1.62%	4.98%
Long-Term Debt	$15.64B	$14.31B	$12.09B	$13.69B	$12.01B	$10.68B	$9.214B	$8.750B	$8.518B	$8.139B	$7.239B	$6.863B	$6.207B	$6.636B	$6.092B	$6.221B	$5.788B	$6.420B	$7.286B	$7.263B	$6.762B	$5.473B	$5.911B	$6.824B	$6.516B	$4.831B	$3.347B	$2.945B	$3.012B	$2.817B	$2.520B	$2.823B	$2.009B	$3.389B	$3.289B	$3.114B	$3.269B	$3.317B
YoY Change	9.32%	18.33%	-11.65%	13.95%	12.42%	15.95%	5.3%	2.72%	4.66%	12.43%	5.48%	10.57%	-6.46%	8.93%	-2.07%	7.48%	-9.84%	-11.89%	0.32%	7.41%	23.55%	-7.41%	-13.38%	4.73%	34.88%	44.34%	13.65%	-2.22%	6.92%	11.79%	-10.73%	40.52%	-40.72%	3.04%	5.62%	-4.74%	-1.45%
Other Long-Term Liabilities	$7.927B	$7.583B	$5.059B	$4.965B	$5.412B	$4.942B	$5.305B	$3.640B	$3.487B	$3.643B	$3.125B	$4.218B	$3.800B	$3.684B	$4.041B	$3.947B	$2.327B	$2.915B	$2.244B	$2.206B	$1.879B	$3.031B	$3.870B	$2.531B	$1.813B	$1.173B	$1.020B	$1.091B	$1.156B
YoY Change	4.54%	49.89%	1.89%	-8.26%	9.51%	-6.84%	45.74%	4.39%	-4.28%	16.58%	-25.91%	11.0%	3.15%	-8.83%	2.38%	69.62%	-20.17%	29.9%	1.72%	17.4%	-38.01%	-21.68%	52.9%	39.6%	54.56%	15.0%	-6.51%	-5.62%
Total Long-Term Liabilities	$23.57B	$21.89B	$17.15B	$18.65B	$17.42B	$15.63B	$14.52B	$12.39B	$12.01B	$11.78B	$10.36B	$11.08B	$10.01B	$10.32B	$10.13B	$10.17B	$8.115B	$9.335B	$9.530B	$9.469B	$8.641B	$8.504B	$9.781B	$9.355B	$8.329B	$6.004B	$4.367B	$4.036B	$4.168B	$2.817B	$2.520B	$2.823B	$2.009B	$3.389B	$3.289B	$3.114B	$3.269B	$3.317B
YoY Change	7.66%	27.64%	-8.05%	7.05%	11.5%	7.62%	17.18%	3.21%	1.89%	13.68%	-6.47%	10.73%	-3.03%	1.85%	-0.34%	25.3%	-13.07%	-2.05%	0.64%	9.58%	1.61%	-13.06%	4.55%	12.32%	38.72%	37.49%	8.2%	-3.17%	47.96%	11.79%	-10.73%	40.52%	-40.72%	3.04%	5.62%	-4.74%	-1.45%
Total Liabilities	$25.97B	$24.34B	$22.12B	$24.17B	$21.82B	$19.77B	$18.61B	$17.37B	$16.36B	$15.52B	$13.96B	$13.94B	$13.42B	$12.82B	$12.42B	$12.18B	$11.77B	$12.83B	$13.41B	$13.50B	$11.95B	$12.78B	$14.30B	$14.45B	$12.32B	$8.463B	$7.090B	$6.457B	$6.318B	$5.915B	$5.835B	$5.958B	$4.971B	$6.359B	$6.478B	$6.321B	$6.207B	$5.822B
YoY Change	6.72%	10.02%	-8.47%	10.78%	10.34%	6.26%	7.14%	6.16%	5.45%	11.12%	0.18%	3.82%	4.69%	3.29%	1.91%	3.52%	-8.29%	-4.34%	-0.6%	12.95%	-6.48%	-10.66%	-1.06%	17.32%	45.56%	19.37%	9.8%	2.2%	6.81%	1.37%	-2.06%	19.86%	-21.83%	-1.84%	2.48%	1.84%	6.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	291.2M shares	289.5M shares	289.0M shares	285.0M shares	283.0M shares
Diluted Shares Outstanding	291.7M shares	290.0M shares	289.5M shares	286.3M shares	284.3M shares	282.9M shares	280.8M shares	278.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $20.168 Billion

About CMS ENERGY CORP

CMS Energy Corp. engages in the provision of electric and natural gas activities. The company is headquartered in Jackson, Michigan and currently employs 8,356 full-time employees. The firm manages its businesses by the nature of services each provides, and operates principally in three segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan. The Gas Utility segment consists of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan. NorthStar Clean Energy segment consists of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production. Its gas transmission, storage, and distribution system consists of over 2,371 miles of transmission lines with 15 gas storage fields with a total storage capacity of 309 billion cubic feet (bcf).

Industry: Electric & Other Services Combined Peers: AMEREN CORP AVISTA CORP BLACK HILLS CORP /SD/ CENTERPOINT ENERGY INC DOMINION ENERGY, INC DTE ENERGY CO NISOURCE INC. NORTHWESTERN CORP PUBLIC SERVICE ENTERPRISE GROUP INC WEC ENERGY GROUP, INC.