Cms Energy (CMS) Return on Capital Employed (2010 - 2026)

Cms Energy's (CMS) quarterly Return on Capital Employed came in at 4.72% in Q1 2026, up 3.0% year-on-year from 4.58% in Q1 2025, and down 3.22% quarter-over-quarter from 4.87% in Q4 2025.

Cms Energy (CMS) Return on Capital Employed (2010 - 2026) Analysis & Trends

Cms Energy's Return on Capital Employed history runs 17 years deep, the most recent figure standing at 4.72% for Q1 2026.

  • On a quarterly basis, Return on Capital Employed rose 3.0% year-over-year to 4.72% in Q1 2026; TTM through Mar 2026 was 4.72%, a 3.0% increase from a year earlier, with the FY2025 full-year figure at 5.02%, up 26.0% from the prior year.
  • Return on Capital Employed retreated to 4.72% in Q1 2026 per CMS's latest filing, from 4.87% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 4.93% in Q3 2025 and bottomed at 3.71% in Q3 2023.
  • The 5-year median for Return on Capital Employed is 4.37% (2022), against an average of 4.38%.
  • Across the five-year window, Return on Capital Employed plunged 64 bps in 2023 and soared 82 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 4.39% in 2022, then dropped by 7 bps to 4.1% in 2023, then increased by 14 bps to 4.67% in 2024, then gained by 4 bps to 4.87% in 2025, then decreased by 3 bps to 4.72% in 2026.
  • Per Business Quant, the three latest CMS Return on Capital Employed figures stand at 4.72% (Q1 2026), 4.87% (Q4 2025), and 4.93% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Fortis 462,782.01 Bn 462,783.29 Bn 1.70 Bn 8.29%
2 Dominion Energy 62.80 Bn 67.01 Bn - 4.34%
3 Xcel Energy 50.41 Bn 48.65 Bn 4.02 Bn 3.52%
4 Wec Energy 37.36 Bn 37.32 Bn 2.04 Bn 4.84%
5 Energy Co Of Parana 34.84 Bn 34.18 Bn - 1,879.92%
6 Ameren 31.32 Bn 31.43 Bn - 4.73%
7 Edison International 30.65 Bn 30.49 Bn - 8.68%
8 Firstenergy 28.61 Bn 29.98 Bn 2.74 Bn 5.84%
9 Hydro One 25.14 Bn 25.13 Bn - -
10 Cms Energy 22.72 Bn 23.22 Bn 2.28 Bn 4.72%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.72%
Dec 31, 2025 4.87%
Sep 30, 2025 4.93%
Jun 30, 2025 4.74%
Mar 31, 2025 4.69%
Dec 31, 2024 4.67%
Sep 30, 2024 4.53%
Jun 30, 2024 4.34%
Mar 31, 2024 4.24%
Dec 31, 2023 4.10%
Sep 30, 2023 3.71%
Jun 30, 2023 3.74%
Mar 31, 2023 3.81%
Dec 31, 2022 4.39%
Sep 30, 2022 4.25%
Jun 30, 2022 4.37%
Mar 31, 2022 4.35%
Dec 31, 2021 4.18%
Sep 30, 2021 4.63%
Jun 30, 2021 4.97%