FCF Margin % is calculated as Free Cash Flow divided by its Revenue. CMS Energy's Free Cash Flow for the
three
months ended in Mar. 2026 was €-222 Mil. CMS Energy's Revenue for the
three
months ended in Mar. 2026 was €2,361 Mil. Therefore, CMS Energy's FCF Margin % for the quarter that ended in Mar. 2026 was -9.41%.
The historical rank and industry rank for CMS Energy's FCF Margin % or its related term are showing as below:
FRA:CSG'
s FCF Margin % Range Over the Past 10 Years
Min: -25.94 Med: -9.14 Max: -1.14
Current: -25.94
During the past 13 years, the highest FCF Margin % of CMS Energy was -1.14%. The lowest was -25.94%. And the median was -9.14%.
FRA:CSG's FCF Margin % is ranked worse than 90.58% of 499
companies
in the Utilities - Regulated industry
Industry Median: 2.36
vs FRA:CSG: -25.94
CMS Energy FCF Margin % Related Terms
CMS Energy FCF Margin % Historical Data
* Premium members only.
The historical data trend for CMS Energy's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Electric subindustry, CMS Energy's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CMS Energy FCF Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's FCF Margin % distribution charts can be found below:
* The bar in red indicates where CMS Energy's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CMS Energy (FRA:CSG) has a FCF Margin % of -9.41% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on CMS Energy and its competitors. According to the industry distribution chart, CMS Energy ranks #452 out of 499 companies in the Utilities - Regulated industry, placing it in the top 90.6%.
Is CMS Energy's FCF Margin % too high?
CMS Energy's current FCF Margin % is -9.41%. Based on the distribution chart, CMS Energy ranks #452 out of 499 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CMS Energy has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's FCF Margin % compare to ES and EVRG?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #452 out of 499 companies for FCF Margin %. This places CMS Energy in the lower half of its industry. The industry median FCF Margin % is 2.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Regulated company?
The median FCF Margin % among Utilities - Regulated companies is 2.36, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median FCF Margin % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current FCF Margin % is -9.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (FRA:CSG) is currently considered Fairly Valued. The stock's GF Value™ is €64.63, compared to a current price of €64.04 — trading 0.9% below its estimated fair value. The current FCF Margin % is -9.41%. CMS Energy's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For CMS Energy (FRA:CSG), the current FCF Margin % is -9.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CMS Energy (FRA:CSG) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be undervalued.
The current stock price of €64.04 is trading 0.9% below its estimated GF Value™ of €64.63.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for FRA:CSG:
FCF Margin %: -9.41%
GF Value™: €64.63 vs. price of €64.04 (0.9% below fair value)
No single metric tells the full story. See the FRA:CSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
76GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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