CMS Energy Corporation
CMSUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Oct 24, 2026
Scan Results
Daily timeframeCMS Energy Corporation operates as an energy company primarily in Michigan. With a market capitalization of $21.49B, it sits in large-cap territory. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy.
Market Cap
$21.49B
Beta
0.31
P/E (TTM)
20.89
P/E (Fwd)
16.78
EPS (TTM)
$3.33
EPS (Fwd)
$4.15
ROE
9.2%
ROA
3.0%
Cash
$241.0M
Total Debt
$19.30B
Free CF
-$2.20B
52W Change
-6.9%
Annual Financials
Cash vs Debt
Where CMS stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, CMS finished 6.04% below its 150-day moving average ($71.70) and 6.22% below its 200-day moving average ($71.84). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is CMS overbought or oversold?
At the October 20, 2026 close, CMS's RSI(14) was 76.8, in overbought territory (above 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $241.0M in cash, though total debt stands at $19.30B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$2.20B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 9.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $8.60B (2022) to $8.54B (2025).
CMS's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for CMS Energy Corporation and its sector.