Stocks · Utilities · Regulated Electric

Consumers Energy Company CMS-PB

$76.75 -0.71% Close, Oct 2, 2026 · NYSE · Market cap $22.90B

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Net debt is 6.2× EBITDA, a high level of leverage.
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. Revenue over the last four quarters was $9.00B, up 12.8% from a year earlier, slowing from 14.9% a quarter earlier.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth33Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Top 20%
  • EPS growth (TTM, YoY)Bottom 30%
  • Revenue growth, 3-year CAGRBottom 26%
  • Revenue growth accelerationBottom 33%
Quality17Very weak

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 23%
  • Gross marginBottom 22%
  • Operating marginBottom 30%
  • Cash conversion (OCF / net income)Top 29%
  • Accruals (lower is better)Top 38%
  • Net debt / EBITDA (lower is better)Bottom 14%
  • Interest coverBottom 46%
Value40Weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 26%
  • Free-cash-flow yieldTop 11%
  • EBITDA / enterprise valueBottom 25%
  • Sales / enterprise valueBottom 42%
  • P/E vs own 5-year history (lower is better)Bottom 36%
Momentum74Positive

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 34%
  • 6-month returnTop 21%
  • 1-year return vs S&P 500Top 49%
  • Distance from 52-week highTop 6%
  • Trend checklist (0–4)Top 9%
Revisions—Not enough data

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

Stability45Neutral

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 37%
  • Maximum drawdown, 3 yearsTop 21%
  • Beta vs S&P 500 (lower is better)Bottom 48%
  • Net debt / EBITDA (lower is better)Bottom 14%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)14.9%12.8%↓
EPS growth (YoY)2.0%-4.0%↓
Gross margin42.6%29.9%↓
Operating margin20.4%18.2%↓
FCF margin-13.7%16.0%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)12.8%14.9%↓Top 20%
EPS growth (TTM, YoY)-4.0%2.0%↓Bottom 30%
Gross margin29.9%42.6%↓Bottom 22%
Operating margin18.2%20.4%↓Bottom 30%
Net margin10.7%12.8%↓—
Free-cash-flow margin16.0%-13.7%↑—
Return on invested capital3.4%—Bottom 23%
Revenue growth, 3-year CAGR-0.2%—Bottom 26%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
2.51×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-3.5%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+1.6 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
6.22×
Interest cover (operating income / interest)How many times operating profit covers interest.
2.2×

Shareholder returns

Dividend yield (dividends paid, TTM)
2.86%
Net buyback yield (TTM)
-1.75%
Shareholder yield
1.11%
Share count change, 1 year
+0.0%
Share count change, 3-year CAGR
+0.0%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).

Earnings and expectations

Earnings momentum

Average 2-day reaction, last 8
-1.1%
Positive 20 days after report
3 of 8

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 28, 2026—+0.3%+0.9%+1.9%—
Apr 22, 2026—-2.2%-2.9%-3.3%-7.2%
Feb 10, 2026—-1.4%+5.2%-0.0%+0.5%
Oct 29, 2025—-1.7%-3.4%-2.1%-5.1%
Apr 23, 2025—-0.4%+2.8%+0.6%+0.4%
Feb 11, 2025—-1.7%-1.8%-1.3%-5.6%
Oct 31, 2024—-1.2%-4.8%-5.0%-9.7%
Jul 26, 2024—-0.3%+0.9%+1.5%+12.2%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 28, 2026$0.43——$1.83B
Apr 22, 2026$1.21——$2.73B
Feb 10, 2026$0.76——$2.42B
Oct 29, 2025$0.99——$2.02B
Apr 23, 2025$1.08——$2.35B
Feb 11, 2025$0.99——$2.22B
Oct 31, 2024$0.90——$1.66B
Jul 26, 2024$0.70——$1.53B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)22.6×27.6×33thBottom 26%
EV / EBITDA13.6×——Bottom 25%
EV / Sales4.68×——Bottom 42%
Free-cash-flow yield6.30%——Top 11%
Earnings yield4.42%——Bottom 26%

P/E over the past five years

Range 21.2× – 41.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
-5.8%
Earnings per share growth (TTM)
-4.0%
Change in P/E multiple
+1.7%

Most of the move came from earnings growth.

Technical state

Trend checklist

  • ✓ Price above 20-day average
  • ✓ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
3
Days above the 200-day average
0
50-day average slope (20 days)
+0.1%
200-day average slope (20 days)
-0.3%
Distance from 50-day average
+1.0%
Distance from 200-day average
-1.3%
RSI (14)
52.5
Relative volume
0.17×

Risk and drawdowns

Volatility, 60 days (annualized)
15.8%
Volatility vs own 5-year history
22th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.19
Correlation with S&P 500
0.21
Current drawdown from 1-year high
-9.2%
Maximum drawdown, 3 years
-17.8%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Feb 25, 2021Sep 29, 2026-34.6%1404 daysNot yet recovered

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$22.90B
P/E (TTM)
22.6
EPS, diluted (TTM)
$3.39
Revenue (TTM)
$9.00B
Dividend yield
5.86%
52-week range
$72.35 – $84.50
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$7.02B$8.60B$7.46B$7.51B$8.54B
Gross profit$2.63B$2.76B$2.86B$3.21B$3.55B
Operating income$1.18B$1.22B$1.24B$1.49B$1.73B
Net income$868.0M$837.0M$887.0M$1.00B$1.07B
EPS (diluted)$3.09$2.94$3.08$3.61$3.78
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$1.66B$2.22B$2.35B$1.75B$2.02B$2.42B$2.73B$1.83B
Net income$253.0M$277.0M$304.0M$188.0M$277.0M$223.0M$340.0M$120.0M
EPS (diluted)$0.90$0.95$1.01$0.67$0.99$0.76$1.21$0.43
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$1.82B$855.0M$2.43B$2.45B$2.23B
Capital expenditure-$2.21B-$2.48B-$3.20B-$3.00B$0
Free cash flow-$390.0M-$1.63B-$771.0M-$550.0M$2.23B
Dividends paid-$724.0M-$771.0M-$697.0M-$626.0M$0
Net share buybacks$26.0M$69.0M$0$286.0M$0

Cash outflows are shown as negative numbers.

Cash and short-term investments
$47.0M
Total assets
$40.91B
Total liabilities
$30.51B
Total debt
$19.30B
Net debt
$19.06B
Shareholders’ equity
$13.45B

As of Jun 30, 2026 (filed Jul 28, 2026).

Dividends

Ex-dateAmountPaid
Sep 2, 2026$1.13Oct 1, 2026
Jun 1, 2026$1.13Jul 1, 2026
Mar 2, 2026$1.13Apr 1, 2026
Dec 1, 2025$1.13Jan 1, 2026
Sep 2, 2025$1.13Oct 1, 2025
Jun 2, 2025$1.13Jul 1, 2025
Mar 3, 2025$1.13Apr 1, 2025
Dec 2, 2024$1.13Jan 1, 2025