CMS
CMS EnergyPrevious close
66.20
Change
+0.21 / +0.32%
P/E (TTM) ?
20.2
Market Cap
$20.7B
1M
−6.84%
S&P 500 −0.63% over same period
Volume / Avg Volume
3.2M / 2.9M
1.14× average
Latest earnings analysisFY2026 Q2Reported 2026-07-28
CMS Energy Q2 2026: EPS $0.37, guidance reaffirmed as NorthStar exits
CMS Energy's second quarter was a step backwards: revenue of $1.808 billion slipped 1.6% and diluted EPS fell to $0.37 from $0.66 a year ago. The adjusted figure of $0.37 still beat the $0.364 consensus, and management reaffirmed 2026 guidance of $3.83 to $3.90. Read this as a cost-and-interest quarter for a regulated utility, not a broken trajectory — but there is very little slack in the numbers.
Read the full analysis →Revenue$1.81BYoY −1.60%
EPS (non-GAAP)$0.37Beatest. $0.36
Next-day move−0.01%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-28 | $1.8B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-28 | $2.7B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-05 | $8.3B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-30 | $2.0B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-31 | $1.8B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-24 | $2.4B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 28 of its 5-year rangeCheap
5-year range 18.7 – 22.7 · Median 21.0
No buybacks or dividends in the last four quarters
P/E (TTM)
20.2
P/B
2.1
P/S
2.5
Dividend Yield
3.39%
Earnings Reaction
Over the last 6 reports, the stock moved ±0.8% on average on the first trading day after, rising 2 times
Most recent −0.01%
Volatility & Correlation
1-year beta -0.19 · Correlation with S&P 500 -0.14Low beta
Annualized volatility 19% vs. 14% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 1 · $0.01MSell 0 · $0.00MNet buying $0.01M
- 07-31MADDIPATI SRIKANTHEVP/CFOBuy$0.01M200 shares · Avg price 72.46
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 1.81 | +0.6% | — | 0.12 | 0.37 |
| FY2026 Q1 | 2.68 | +11.6% | — | 0.34 | 1.10 |
| FY2025 Q4 | 2.13 | +13.0% | — | 0.29 | 0.94 |
| FY2025 Q3 | 1.98 | +15.4% | — | 0.28 | 0.92 |
| FY2025 Q2 | 1.80 | +14.1% | — | 0.20 | 0.66 |
| FY2025 Q1 | 2.40 | +11.8% | — | 0.30 | 1.01 |
| FY2024 Q4 | 1.89 | +1.6% | — | 0.27 | 0.88 |
| FY2024 Q3 | 1.71 | +4.4% | — | 0.25 | 0.84 |
| FY2024 Q2 | 1.58 | +4.1% | — | 0.20 | 0.65 |
| FY2024 Q1 | 2.14 | −4.6% | — | 0.29 | 0.96 |
| FY2023 Q4 | 1.86 | −15.6% | — | 0.31 | 1.05 |
| FY2023 Q3 | 1.64 | −16.2% | — | 0.18 | 0.60 |