CMS Energy Past Earnings Performance

Past criteria checks 4/6

CMS Energy has been growing earnings at an average annual rate of 4.7%, while the Integrated Utilities industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 4.8% per year. CMS Energy's return on equity is 9.9%, and it has net margins of 11.7%.

Key information

4.7%

Earnings growth rate

4.1%

EPS growth rate

Integrated Utilities Industry Growth5.1%
Revenue growth rate4.8%
Return on equity9.9%
Net Margin11.7%
Last Earnings Update31 Dec 2023

Recent past performance updates

Concerns Surrounding CMS Energy's (NYSE:CMS) Performance

Feb 15
Concerns Surrounding CMS Energy's (NYSE:CMS) Performance

Recent updates

Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?

Mar 22
Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?

CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky

Mar 01
CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky

Concerns Surrounding CMS Energy's (NYSE:CMS) Performance

Feb 15
Concerns Surrounding CMS Energy's (NYSE:CMS) Performance

CMS Energy Corporation Looks Strong Going Into Q4 Earnings

Jan 25

CMS Energy Corporation's (NYSE:CMS) Business Is Yet to Catch Up With Its Share Price

Jan 23
CMS Energy Corporation's (NYSE:CMS) Business Is Yet to Catch Up With Its Share Price

An Intrinsic Calculation For CMS Energy Corporation (NYSE:CMS) Suggests It's 36% Undervalued

Dec 12
An Intrinsic Calculation For CMS Energy Corporation (NYSE:CMS) Suggests It's 36% Undervalued

CMS Energy: High Leverage A Concern, But Company Is Strong Financially

Nov 07

The Returns On Capital At CMS Energy (NYSE:CMS) Don't Inspire Confidence

Oct 17
The Returns On Capital At CMS Energy (NYSE:CMS) Don't Inspire Confidence

Is CMS Energy (NYSE:CMS) Using Too Much Debt?

Sep 29
Is CMS Energy (NYSE:CMS) Using Too Much Debt?

Calculating The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Sep 08
Calculating The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Capital Allocation Trends At CMS Energy (NYSE:CMS) Aren't Ideal

Jul 11
Capital Allocation Trends At CMS Energy (NYSE:CMS) Aren't Ideal

Does CMS Energy (NYSE:CMS) Have A Healthy Balance Sheet?

Jun 21
Does CMS Energy (NYSE:CMS) Have A Healthy Balance Sheet?

CMS Energy: Attractive Valuation And Total Return Potential

Jun 12

Does This Valuation Of CMS Energy Corporation (NYSE:CMS) Imply Investors Are Overpaying?

Jun 03
Does This Valuation Of CMS Energy Corporation (NYSE:CMS) Imply Investors Are Overpaying?

CMS Energy (NYSE:CMS) Will Pay A Larger Dividend Than Last Year At $0.4875

Apr 27
CMS Energy (NYSE:CMS) Will Pay A Larger Dividend Than Last Year At $0.4875

Some Investors May Be Worried About CMS Energy's (NYSE:CMS) Returns On Capital

Mar 31
Some Investors May Be Worried About CMS Energy's (NYSE:CMS) Returns On Capital

Is Now The Time To Put CMS Energy (NYSE:CMS) On Your Watchlist?

Mar 18
Is Now The Time To Put CMS Energy (NYSE:CMS) On Your Watchlist?

CMS Energy Corporation's (NYSE:CMS) Intrinsic Value Is Potentially 23% Below Its Share Price

Mar 03
CMS Energy Corporation's (NYSE:CMS) Intrinsic Value Is Potentially 23% Below Its Share Price

CMS Energy reports mixed Q4 earnings; raises FY23 EPS guidance and reaffirms lon-term EPS guidance

Feb 02

Is CMS Energy (NYSE:CMS) Using Too Much Debt?

Jan 17
Is CMS Energy (NYSE:CMS) Using Too Much Debt?

CMS Energy: This Michigan Utility Continues To Prove Its ESG Credentials

Jan 10

Here's What's Concerning About CMS Energy's (NYSE:CMS) Returns On Capital

Dec 07
Here's What's Concerning About CMS Energy's (NYSE:CMS) Returns On Capital

Is CMS Energy Corporation (NYSE:CMS) Worth US$60.0 Based On Its Intrinsic Value?

Nov 19
Is CMS Energy Corporation (NYSE:CMS) Worth US$60.0 Based On Its Intrinsic Value?

CMS Energy declares $0.46 dividend

Oct 21

These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt In A Risky Way

Oct 13
These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt In A Risky Way

Estimating The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Aug 13
Estimating The Fair Value Of CMS Energy Corporation (NYSE:CMS)

CMS Energy (NYSE:CMS) Will Want To Turn Around Its Return Trends

Jul 28
CMS Energy (NYSE:CMS) Will Want To Turn Around Its Return Trends

CMS Energy declares $0.46 dividend

Jul 22

Is CMS Energy (NYSE:CMS) A Risky Investment?

Jul 13
Is CMS Energy (NYSE:CMS) A Risky Investment?

Why It's Time To Redeploy From CMS Energy

May 21

A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)

May 13
A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Returns On Capital At CMS Energy (NYSE:CMS) Paint A Concerning Picture

Apr 28
Returns On Capital At CMS Energy (NYSE:CMS) Paint A Concerning Picture

Should You Be Adding CMS Energy (NYSE:CMS) To Your Watchlist Today?

Apr 12
Should You Be Adding CMS Energy (NYSE:CMS) To Your Watchlist Today?

Is CMS Energy (NYSE:CMS) A Risky Investment?

Mar 30
Is CMS Energy (NYSE:CMS) A Risky Investment?

CMS Energy's (NYSE:CMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 31
CMS Energy's (NYSE:CMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Estimating The Intrinsic Value Of CMS Energy Corporation (NYSE:CMS)

Jan 20
Estimating The Intrinsic Value Of CMS Energy Corporation (NYSE:CMS)

If You Like EPS Growth Then Check Out CMS Energy (NYSE:CMS) Before It's Too Late

Jan 07
If You Like EPS Growth Then Check Out CMS Energy (NYSE:CMS) Before It's Too Late

Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down

Dec 25
Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down

These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt Extensively

Nov 01
These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt Extensively

A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Oct 19
A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)

Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?

Oct 04
Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?

The Returns At CMS Energy (NYSE:CMS) Aren't Growing

Sep 19
The Returns At CMS Energy (NYSE:CMS) Aren't Growing

Revenue & Expenses Breakdown
Beta

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


Earnings and Revenue History

NYSE:CMS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
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
31 Dec 136,56645200
30 Sep 136,50041700
30 Jun 136,56243900
31 Mar 136,48945900

Quality Earnings: CMS has high quality earnings.

Growing Profit Margin: CMS's current net profit margins (11.7%) are higher than last year (9.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CMS's earnings have grown by 4.7% per year over the past 5 years.

Accelerating Growth: CMS's earnings growth over the past year (6.4%) exceeds its 5-year average (4.7% per year).

Earnings vs Industry: CMS earnings growth over the past year (6.4%) did not outperform the Integrated Utilities industry 7.3%.


Return on Equity

High ROE: CMS's Return on Equity (9.9%) is considered low.


Return on Assets


Return on Capital Employed


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