Switch theme
Sign up to access all valuation multiples
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
1987
8.3K+
LTM Revenue $7.7B
LTM EBITDA $3.0B
$37.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
CMS Energy has a last 12-month revenue (LTM) of $7.7B and a last 12-month EBITDA of $3.0B.
In the most recent fiscal year, CMS Energy achieved revenue of $7.5B and an EBITDA of $3.1B.
CMS Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
See CMS Energy valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $7.7B | XXX | $7.5B | XXX | XXX | XXX |
| Gross Profit | $5.0B | XXX | $3.2B | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $3.0B | XXX | $3.1B | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 41% | XXX | XXX | XXX |
| EBIT | $1.7B | XXX | $1.5B | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $16.4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, CMS Energy's stock price is $70.
CMS Energy has current market cap of $21.0B, and EV of $37.7B.
See CMS Energy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37.7B | $21.0B | XXX | XXX | XXX | XXX | $3.44 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, CMS Energy has market cap of $21.0B and EV of $37.7B.
CMS Energy's trades at 5.0x EV/Revenue multiple, and 12.3x EV/EBITDA.
Equity research analysts estimate CMS Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CMS Energy has a P/E ratio of 20.4x.
See valuation multiples for CMS Energy and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21.0B | XXX | $21.0B | XXX | XXX | XXX |
| EV (current) | $37.7B | XXX | $37.7B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.8x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 22.5x | XXX | 25.4x | XXX | XXX | XXX |
| EV/Gross Profit | 7.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 20.4x | XXX | 20.9x | XXX | XXX | XXX |
| EV/FCF | -201.9x | XXX | -46.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCMS Energy's last 12 month revenue growth is 6%
CMS Energy's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.
CMS Energy's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CMS Energy's rule of X is 52% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for CMS Energy and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | 43% | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CMS Energy acquired XXX companies to date.
Last acquisition by CMS Energy was XXXXXXXX, XXXXX XXXXX XXXXXX . CMS Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was CMS Energy founded? | CMS Energy was founded in 1987. |
| Where is CMS Energy headquartered? | CMS Energy is headquartered in United States of America. |
| How many employees does CMS Energy have? | As of today, CMS Energy has 8.3K+ employees. |
| Who is the CEO of CMS Energy? | CMS Energy's CEO is Mr. Garrick J. Rochow. |
| Is CMS Energy publicy listed? | Yes, CMS Energy is a public company listed on NYS. |
| What is the stock symbol of CMS Energy? | CMS Energy trades under CMS ticker. |
| When did CMS Energy go public? | CMS Energy went public in 1987. |
| Who are competitors of CMS Energy? | Similar companies to CMS Energy include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of CMS Energy? | CMS Energy's current market cap is $21.0B |
| What is the current revenue of CMS Energy? | CMS Energy's last 12 months revenue is $7.7B. |
| What is the current revenue growth of CMS Energy? | CMS Energy revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of CMS Energy? | Current revenue multiple of CMS Energy is 4.9x. |
| Is CMS Energy profitable? | Yes, CMS Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CMS Energy? | CMS Energy's last 12 months EBITDA is $3.0B. |
| What is CMS Energy's EBITDA margin? | CMS Energy's last 12 months EBITDA margin is 38%. |
| What is the current EV/EBITDA multiple of CMS Energy? | Current EBITDA multiple of CMS Energy is 12.8x. |
| What is the current FCF of CMS Energy? | CMS Energy's last 12 months FCF is -$187M. |
| What is CMS Energy's FCF margin? | CMS Energy's last 12 months FCF margin is -2%. |
| What is the current EV/FCF multiple of CMS Energy? | Current FCF multiple of CMS Energy is -201.9x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
