Company / FCF Margin
CMS Energy FCF Margin History
FY2016-FY2022 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
-17.7%
FY2022
5-year range
-17.7% / -3.5%
FY2018-FY2022
Trend
-403.4%
vs FY2021
Sector context
#42 of 51
Utilities
What the data says
FCF Margin changed -403% YoY in FY2022, a notable deviation from the 6-year average annual change of -226%.
Based on SEC 10-K filings.
-17.7% in FY2022 with a 5-year CAGR of -18.3%.
Declined from -16.1% to -17.7% over the past 2 years.
Utilities sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -13.0pp
- 5-Year Change
- -18.3pp
- 10-Year Change
- -
Sector benchmark
Bottom 18% in UtilitiesTop 82% of 51This company -17.7% Sector average -5.9%
▼
-201.4% below sector average
Key checks
Key Insights
- In FY2022, fcf margin decreased 403.4% year-over-year.
- Currently 11.8pp below the Utilities sector average.
- Peak fcf margin was recorded in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.52 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | - | - |
| FY2022 | -17.7% | -403.4% |
| FY2021 | -3.5% | +78.2% |
| FY2020 | -16.1% | -248.4% |
| FY2019 | -4.6% | +14.3% |
| FY2018 | -5.4% | -985.2% |
| FY2017 | 0.6% | +191.0% |
| FY2016 | -0.7% | -156.8% |
As of FY2022 · SEC 10-K · Updated Feb 28, 2026