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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 $7.6B
LTM EBITDA $2.9B
$38.7B
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 of $7.6B and a last 12-month EBITDA of $2.9B.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.5B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $2.9B | XXX | XXX | XXX |
| Gross Margin | 37% | 38% | XXX | XXX | XXX |
| EBITDA | $2.8B | $3.1B | XXX | XXX | XXX |
| EBITDA Margin | 37% | 41% | XXX | XXX | XXX |
| Net Profit | $837M | $887M | XXX | XXX | XXX |
| Net Margin | 11% | 12% | XXX | XXX | XXX |
| Net Debt | $14.1B | $15.4B | XXX | XXX | XXX |
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As of April 15, 2025, CMS Energy's stock price is $74.
CMS Energy has current market cap of $22.0B, and EV of $38.7B.
See CMS Energy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $38.7B | $22.0B | XXX | XXX | XXX | XXX | $3.41 |
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Sign UpAs of April 15, 2025, CMS Energy has market cap of $22.0B and EV of $38.7B.
CMS Energy's trades at 5.1x LTM EV/Revenue multiple, and 13.3x LTM EBITDA.
Analysts estimate CMS Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for CMS Energy and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $38.7B | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.6x | XXX | XXX | XXX |
| P/E | 21.9x | XXX | XXX | XXX |
| P/E/Growth | 2.8x | XXX | XXX | XXX |
| EV/FCF | -47.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCMS Energy's NTM/LTM revenue growth is 5%
CMS Energy's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, CMS Energy's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate CMS Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for CMS Energy and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 46% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | XXX | XXX | XXX |
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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 |
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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 |
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Sign Up| 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 $22.0B |
| What is the current revenue of CMS Energy? | CMS Energy's last 12-month revenue is $7.6B. |
| What is the current EBITDA of CMS Energy? | CMS Energy's last 12-month EBITDA is $2.9B. |
| What is the current EV/Revenue multiple of CMS Energy? | Current revenue multiple of CMS Energy is 5.1x. |
| What is the current EV/EBITDA multiple of CMS Energy? | Current EBITDA multiple of CMS Energy is 13.3x. |
| What is the current revenue growth of CMS Energy? | CMS Energy revenue growth between 2023 and 2024 was 1%. |
| Is CMS Energy profitable? | Yes, CMS Energy is EBITDA-positive (as of the last 12 months). |
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