CMS Energy (CSG) Ratios
CMS Energy Ratios
DE:CSG's free cash flow for Q3 2026 was $-468.00M. For the 2026 fiscal year, DE:CSG's free cash flow was decreased by $-939.00M and operating cash flow was $471.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.98 | 0.79 | 0.98 | 1.15 | 1.19 |
| Quick Ratio | 0.76 | 0.57 | 0.66 | 0.78 | 0.89 |
| Cash Ratio | 0.17 | 0.03 | 0.08 | 0.05 | 0.21 |
| Solvency Ratio | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 |
| Operating Cash Flow Ratio | 0.63 | 0.67 | 0.80 | 0.29 | 0.83 |
| Short-Term Operating Cash Flow Coverage | 2.33 | 1.89 | 2.16 | 0.77 | 4.84 |
| Net Current Asset Value | $ -27.20B | $ -24.38B | $ -22.55B | $ -20.32B | $ -18.94B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.47 | 0.46 | 0.47 | 0.46 | 0.43 |
| Debt-to-Equity Ratio | 2.07 | 2.02 | 2.08 | 2.04 | 1.89 |
| Debt-to-Capital Ratio | 0.67 | 0.67 | 0.68 | 0.67 | 0.65 |
| Long-Term Debt-to-Capital Ratio | 0.66 | 0.65 | 0.66 | 0.65 | 0.64 |
| Financial Leverage Ratio | 4.42 | 4.36 | 4.44 | 4.47 | 4.34 |
| Debt Service Coverage Ratio | 1.77 | 1.47 | 1.54 | 1.51 | 2.67 |
| Interest Coverage Ratio | 2.19 | 2.10 | 1.92 | 2.36 | 2.29 |
| Debt to Market Cap | 0.89 | 0.83 | 0.92 | 0.78 | 0.66 |
| Interest Debt Per Share | 65.64 | 58.13 | 56.02 | 51.33 | 44.99 |
| Net Debt to EBITDA | 5.48 | 5.37 | 5.56 | 5.57 | 4.94 |
| Profitability Margins | |||||
| Gross Profit Margin | 60.91% | 42.70% | 38.35% | 32.13% | 36.14% |
| EBIT Margin | 23.86% | 24.36% | 21.40% | 16.53% | 18.05% |
| EBITDA Margin | 39.15% | 40.86% | 37.22% | 29.63% | 33.25% |
| Operating Profit Margin | 20.22% | 19.79% | 16.55% | 14.24% | 15.64% |
| Pretax Profit Margin | 14.62% | 14.94% | 12.78% | 10.49% | 11.23% |
| Net Profit Margin | 12.54% | 13.35% | 11.89% | 9.74% | 18.46% |
| Continuous Operations Profit Margin | 11.73% | 12.60% | 10.81% | 9.41% | 9.93% |
| Net Income Per EBT | 85.82% | 89.31% | 92.98% | 92.79% | 164.40% |
| EBT Per EBIT | 72.26% | 75.52% | 77.25% | 73.69% | 71.82% |
| Return on Assets (ROA) | 2.65% | 2.79% | 2.65% | 2.67% | 4.71% |
| Return on Equity (ROE) | 11.71% | 12.19% | 11.76% | 11.93% | 20.40% |
| Return on Capital Employed (ROCE) | 4.69% | 4.59% | 4.03% | 4.31% | 4.32% |
| Return on Invested Capital (ROIC) | 3.67% | 3.73% | 3.30% | 3.72% | 3.76% |
| Return on Tangible Assets | 2.65% | 2.79% | 2.65% | 2.67% | 4.71% |
| Earnings Yield | 5.10% | 5.06% | 5.25% | 4.57% | 7.20% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.45 | 7.07 | 7.90 | 5.44 | 7.77 |
| Payables Turnover | 2.38 | 3.94 | 5.69 | 6.23 | 5.28 |
| Inventory Turnover | 4.22 | 5.60 | 4.90 | 5.22 | 7.02 |
| Fixed Asset Turnover | 0.28 | 0.27 | 0.30 | 0.38 | 0.33 |
| Asset Turnover | 0.21 | 0.21 | 0.22 | 0.27 | 0.25 |
| Working Capital Turnover Ratio | -21.16 | -19.10 | 38.07 | 19.74 | -59.34 |
| Cash Conversion Cycle | -10.48 | 24.17 | 56.41 | 78.41 | 29.88 |
| Days of Sales Outstanding | 56.55 | 51.63 | 46.18 | 67.09 | 46.96 |
| Days of Inventory Outstanding | 86.50 | 65.18 | 74.43 | 69.88 | 52.02 |
| Days of Payables Outstanding | 153.53 | 92.65 | 64.19 | 58.56 | 69.10 |
| Operating Cycle | 143.05 | 116.81 | 120.60 | 136.97 | 98.98 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 7.44 | 7.96 | 7.93 | 2.95 | 6.29 |
| Free Cash Flow Per Share | -5.29 | -2.18 | -3.13 | -5.25 | -0.89 |
| Dividend Paid and CapEx Coverage Ratio | 0.50 | 0.65 | 0.61 | 0.29 | 0.70 |
| Capital Expenditure Coverage Ratio | 0.58 | 0.79 | 0.72 | 0.36 | 0.88 |
| Operating Cash Flow Coverage Ratio | 0.12 | 0.14 | 0.15 | 0.06 | 0.15 |
| Operating Cash Flow to Sales Ratio | 0.26 | 0.32 | 0.31 | 0.10 | 0.25 |
| Free Cash Flow Yield | -7.56% | -3.27% | -5.38% | -8.29% | -1.37% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 19.81 | 19.78 | 19.06 | 21.90 | 13.89 |
| Price-to-Sales (P/S) Ratio | 2.46 | 2.64 | 2.27 | 2.13 | 2.57 |
| Price-to-Book (P/B) Ratio | 2.30 | 2.41 | 2.24 | 2.61 | 2.84 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -13.23 | -30.61 | -18.58 | -12.07 | -73.15 |
| Price-to-Operating Cash Flow Ratio | 9.40 | 8.37 | 7.32 | 21.44 | 10.34 |
| Price-to-Earnings Growth (PEG) Ratio | 3.48 | 1.80 | 3.18 | -0.56 | 0.18 |
| Enterprise Value Multiple | 11.77 | 11.83 | 11.65 | 12.76 | 12.66 |
| Enterprise Value | 39.34B | 36.32B | 32.35B | 32.51B | 30.85B |
| EV to EBITDA | 11.77 | 11.83 | 11.65 | 12.76 | 12.66 |
| EV to Sales | 4.61 | 4.83 | 4.34 | 3.78 | 4.21 |
| EV to Free Cash Flow | -24.76 | -56.05 | -35.55 | -21.40 | -120.04 |
| EV to Operating Cash Flow | 17.60 | 15.33 | 14.01 | 38.02 | 16.96 |
| Tangible Book Value Per Share | 32.31 | 29.40 | 27.90 | 26.23 | 24.87 |
| Shareholders’ Equity Per Share | 30.42 | 27.65 | 25.91 | 24.23 | 22.94 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.20 | 0.16 | 0.15 | 0.10 | 0.12 |
| Revenue Per Share | 28.41 | 25.25 | 25.63 | 29.69 | 25.36 |
| Net Income Per Share | 3.56 | 3.37 | 3.05 | 2.89 | 4.68 |
| Tax Burden | 0.86 | 0.89 | 0.93 | 0.93 | 1.64 |
| Interest Burden | 0.61 | 0.61 | 0.60 | 0.63 | 0.62 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 2.09 | 2.36 | 2.61 | 1.03 | 2.42 |
Currency in USD