CMS Energy Corporation

DB:CSG Stock Report

Market Cap: €18.9b

CMS Energy Past Earnings Performance

Past criteria checks 4/6

CMS Energy has been growing earnings at an average annual rate of 6.7%, while the Integrated Utilities industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 4.1% per year. CMS Energy's return on equity is 10.9%, and it has net margins of 13.9%.

Key information

6.7%

Earnings growth rate

5.9%

EPS growth rate

Integrated Utilities Industry Growth8.1%
Revenue growth rate4.1%
Return on equity10.9%
Net Margin13.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How CMS Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:CSG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 247,4761,037-1720
30 Jun 247,406960-1750
31 Mar 247,354959-1790
31 Dec 237,462876-1800
30 Sep 237,790738-1860
30 Jun 238,141727-1950
31 Mar 238,506678-2020
31 Dec 228,596823-2050
30 Sep 228,351772-1980
30 Jun 228,052765-1840
31 Mar 227,690778-1720
31 Dec 217,329746-1650
30 Sep 217,023763-1490
30 Jun 216,805813-1380
31 Mar 216,629783-1280
31 Dec 206,418697-1180
30 Sep 206,486730-1130
30 Jun 206,525731-1060
31 Mar 206,588696-990
31 Dec 196,624631-910
30 Sep 196,879621-900
30 Jun 196,932583-900
31 Mar 196,979629-890
31 Dec 186,873657-900
30 Sep 186,822546-820
30 Jun 186,750549-630
31 Mar 186,707502-450
31 Dec 176,583460-240
30 Sep 176,445540-200
30 Jun 176,505554-280
31 Mar 176,427586-340
31 Dec 166,399551-410
30 Sep 166,268580-310
30 Jun 166,167542-200
31 Mar 166,146485-100
31 Dec 156,456523150
30 Sep 156,70551300
30 Jun 156,64945900
31 Mar 156,76747500
31 Dec 147,17947700
30 Sep 147,15748300
30 Jun 147,17251500
31 Mar 147,11051200

Quality Earnings: CSG has a large one-off gain of $221.0M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: CSG's current net profit margins (13.9%) are higher than last year (9.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CSG's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: CSG's earnings growth over the past year (40.5%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: CSG earnings growth over the past year (40.5%) exceeded the Integrated Utilities industry 2.6%.

Return on Equity

High ROE: CSG's Return on Equity (10.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 04:03
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CMS Energy Corporation is covered by 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
David ParkerBaird
Daniel FordBarclays