CMSCMS ENERGY CORP
Electric & Other Services Combined
- Revenue
- $8.3B
- 13% YoY
- Operating margin
- 20.8%
- 2.4% YoY
- EBITDA
- $3.0B
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.5×
- $7.7B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear209% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear11% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.1B | $8.3B | $7.3B | $7.3B | $8.3B | 13% |
| Operating income | $1.1B | $1.2B | $1.2B | $1.5B | $1.7B | 16% |
| Net income | $1.4B | $837M | $887M | $1.0B | $1.1B | 6.8% |
| Operating cash flow | $1.8B | $855M | $2.3B | $2.4B | $2.2B | 5.7% |
| Capex | $2.1B | $2.4B | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $153K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $153K
Pay vs performance
No pay-versus-performance disclosure yet.