Cms Energy (CMS) FCF Margin (2009 - 2026)

Cms Energy's (CMS) quarterly FCF Margin came in at 3.81% in Q1 2026, down 77.0% year-on-year from 16.56% in Q1 2025, and down 99.27% quarter-over-quarter from 522.08% in Q4 2025.

Cms Energy (CMS) FCF Margin (2009 - 2026) Analysis & Trends

Cms Energy's FCF Margin history runs 18 years deep, the most recent figure standing at 3.81% for Q1 2026.

  • On a quarterly basis, FCF Margin fell 77.0% year-over-year to 3.81% in Q1 2026; TTM through Mar 2026 was 23.48%, a 265.0% increase from a year earlier, with the FY2025 full-year figure at 18.42%, down 624.0% from the prior year.
  • FCF Margin eased to 3.81% in Q1 2026 per CMS's latest filing, from 522.08% in the prior quarter.
  • Across five years, FCF Margin topped out at 522.08% in Q4 2025 and bottomed at 88.18% in Q3 2024.
  • The 5-year median for FCF Margin is 16.56% (2022), against an average of 47.97%.
  • Across the five-year window, FCF Margin tumbled 10008 bps in 2024 and jumped 42223 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 8.21% in 2022, then soared by 155 bps to 20.92% in 2023, then soared by 377 bps to 99.85% in 2024, then jumped by 423 bps to 522.08% in 2025, then plunged by 99 bps to 3.81% in 2026.
  • Per Business Quant, the three latest CMS FCF Margin figures stand at 3.81% (Q1 2026), 522.08% (Q4 2025), and 14.55% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Fortis 460,767.51 Bn 460,767.24 Bn 1.70 Bn 76.58%
2 Dominion Energy 61.81 Bn 61.46 Bn - -42.66%
3 Xcel Energy 50.34 Bn 48.58 Bn 4.02 Bn 9.50%
4 Wec Energy 37.10 Bn 37.06 Bn 2.04 Bn 35.48%
5 Energy Co Of Parana 34.38 Bn 33.72 Bn - -
6 Ameren 31.02 Bn 31.01 Bn - -52.99%
7 Edison International 30.26 Bn 30.11 Bn - -6.12%
8 Firstenergy 28.56 Bn 28.48 Bn 2.74 Bn -6.28%
9 Hydro One 25.14 Bn 25.13 Bn - -
10 Cms Energy 22.71 Bn 22.62 Bn 2.28 Bn 3.81%

Historic Data

Download Data
DateValue
Mar 31, 2026 3.81%
Dec 31, 2025 522.08%
Sep 30, 2025 14.55%
Jun 30, 2025 41.62%
Mar 31, 2025 4.58%
Dec 31, 2024 99.85%
Sep 30, 2024 -88.18%
Jun 30, 2024 66.02%
Mar 31, 2024 15.76%
Dec 31, 2023 20.92%
Sep 30, 2023 11.89%
Jun 30, 2023 37.36%
Mar 31, 2023 38.66%
Dec 31, 2022 8.21%
Sep 30, 2022 -22.58%
Jun 30, 2022 16.56%
Mar 31, 2022 24.39%
Dec 31, 2021 77.82%
Sep 30, 2021 -25.97%
Jun 30, 2021 5.97%