CMS (CMS Energy) Interest Expense: $-815 Mil (TTM As of Mar. 2026)


CMS CMS Energy Corp CMS
75 GF Score
Price $78.81
GF Value $76.06
Valuation Fairly Valued
! 11 Warning Signs
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What is CMS Energy Interest Expense?

CMS Energy CMS +2.22% 75 Interest Expense is $-815 Mil as of Mar. 2026. GuruFocus rates CMS with a GF Score™ of 75/100 and a GF Value™ of $76.06 (Fairly Valued). The stock has 11 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CMS Energy's interest expense for the three months ended in Mar. 2026 was $ -204 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-815 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CMS Energy's Operating Income for the three months ended in Mar. 2026 was $ 490 Mil. CMS Energy's Interest Expense for the three months ended in Mar. 2026 was $ -204 Mil. CMS Energy's Interest Coverage for the quarter that ended in Mar. 2026 was 2.40. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CMS Energy  (NYSE:CMS) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CMS Energy's Interest Expense for the three months ended in Mar. 2026 was $-204 Mil. Its Operating Income for the three months ended in Mar. 2026 was $490 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $17,718 Mil.

CMS Energy's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*490/-204
=2.40

* 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.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CMS Energy Corp interest coverage is 2.11, which is low.

CMS Energy Interest Expense Historical Data

* Premium members only.

The historical data trend for CMS Energy's Interest Expense 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.

CMS Energy Interest Expense Chart

CMS Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -500.00 -519.00 -643.00 -708.00 -798.00

CMS Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -187.00 -199.00 -203.00 -209.00 -204.00
CMS
75GF Score
CMS Energy Corp CMS
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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CMS Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-815 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-815 Mil mean?
CMS Energy (CMS) has a Interest Expense of $-815 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on CMS Energy and its competitors.
Is CMS Energy's Interest Expense too high?
CMS Energy's current Interest Expense is $-815 Mil. Overall, CMS Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Interest Expense compare to ES and EVRG?
CMS Energy's Interest Expense of $-815 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Utilities - Regulated company?
A good Interest Expense depends on the Utilities - Regulated industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on CMS Energy and its competitors. CMS Energy's current Interest Expense is $-815 Mil. 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 (CMS) is currently considered Fairly Valued. The stock's GF Value™ is $76.06, compared to a current price of $78.81 — trading 3.6% above its estimated fair value. The current Interest Expense is $-815 Mil. CMS Energy's overall GF Score™ is 75/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For CMS Energy (CMS), the current Interest Expense is $-815 Mil 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 (CMS) Overvalued in 2026?

Based on GuruFocus' analysis, CMS Energy stock appears to be overvalued. The current stock price of $78.81 is trading 3.6% above its estimated GF Value™ of $76.06. GuruFocus considers CMS Energy to be Fairly Valued.

Key valuation signals for CMS:

  • Interest Expense: $-815 Mil
  • GF Value™: $76.06 vs. price of $78.81 (3.6% above fair value)
  • GF Score™: 75/100 with 11 warning signs

No single metric tells the full story. See the CMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CMS Energy Business Description

Address One Energy Plaza, Jackson, MI, USA, 49201
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.
75GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$78.81
Price
$76.06
GF Value