Company / Return on Equity (ROE)
CMS Energy Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
11.7%
FY2025
5-year range
11.7% / 20.4%
FY2021-FY2025
Trend
-3.9%
vs FY2024
Sector context
#19 of 68
Utilities
What the data says
At 11.7%, CMS Energy's return on equity (roe) ranks #19 of 68 in the Utilities sector. Return on Equity (ROE) has fluctuated over the past 10 years, ranging from 10.4% in FY2017 to 20.4% in FY2021.
Based on SEC 10-K filings.
11.7% in FY2025 with a 5-year CAGR of -2.0%.
Remained stable around 11.7% over the past 2 years.
Utilities sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- -0.2pp
- 5-Year Change
- -2.0pp
- 10-Year Change
- -
Sector benchmark
#19 of 68 in UtilitiesTop 28% of 68This company 11.7% Sector average 3.5%
▼
+230.6% above sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) decreased 3.9% year-over-year.
- Currently 8.2pp above the Utilities sector average.
- Peak return on equity (roe) was recorded in FY2021.
- Lowest return on equity (roe) in the period was 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 | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | 11.7% | -3.9% |
| FY2024 | 12.2% | +3.7% |
| FY2023 | 11.8% | -1.4% |
| FY2022 | 11.9% | -41.5% |
| FY2021 | 20.4% | +48.5% |
| FY2020 | 13.7% | +1.4% |
| FY2019 | 13.6% | -2.0% |
| FY2018 | 13.8% | +33.4% |
| FY2017 | 10.4% | -20.1% |
| FY2016 | 13.0% | -2.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026