CMS Income Statement Research

CMS Stock

USD 60.00 0.45 0.76%

Most accounts from CMS Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CMS Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out CMS Energy Valuation and CMS Energy Correlation analysis.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

At this time, CMS Energy's Tax Provision is comparatively stable compared to the past year.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.At this time, CMS Energy's Tax Provision is comparatively stable compared to the past year.

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	2.8B	2.9B	2.3B
Total Revenue	7.3B	8.6B	7.5B	6.3B

Gross Profit Total Revenue

CMS Energy income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Minority Interest	Extraordinary Items	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Discontinued Operations
Interest Expense		0.76	-0.21	-0.78	-0.63	-0.15	0.97	-0.51	0.69	0.81	0.57	0.22	0.93	0.57	0.26	0.17	-0.11	0.68	0.56	-0.51	0.22	-0.72	0.69	-0.55
Total Revenue	0.76		-0.26	-0.85	-0.78	-0.54	0.82	-0.4	0.72	0.94	0.91	0.6	0.76	0.5	0.05	0.15	0.08	0.57	0.34	-0.44	0.21	-0.28	0.48	-0.39
Gross Profit	-0.21	-0.26		0.29	0.54	0.51	-0.19	-0.26	0.17	-0.23	-0.46	-0.2	-0.26	0.32	0.2	0.32	-0.52	0.3	0.26	-0.25	0.26	-0.23	0.31	-0.19
Operating Income	-0.78	-0.85	0.29		0.85	0.58	-0.82	0.5	-0.64	-0.8	-0.7	-0.55	-0.72	-0.63	-0.3	-0.31	0.13	-0.55	-0.44	0.46	-0.31	0.31	-0.47	0.17
Ebit	-0.63	-0.78	0.54	0.85		0.83	-0.67	0.16	-0.47	-0.66	-0.7	-0.76	-0.69	-0.25	-0.14	-0.08	-0.39	-0.25	-0.1	0.14	0.15	-0.02	-0.1	-0.09
Ebitda	-0.15	-0.54	0.51	0.58	0.83		-0.21	-0.17	-0.18	-0.31	-0.53	-0.77	-0.24	0.1	-0.05	0.08	-0.54	0.14	0.28	-0.17	0.25	-0.53	0.36	-0.51
Net Income	0.97	0.82	-0.19	-0.82	-0.67	-0.21		-0.6	0.77	0.87	0.66	0.36	0.94	0.65	0.24	0.26	-0.08	0.77	0.62	-0.62	0.23	-0.69	0.73	-0.57
Income Tax Expense	-0.51	-0.4	-0.26	0.5	0.16	-0.17	-0.6		-0.52	-0.55	-0.3	-0.07	-0.32	-0.77	-0.27	-0.58	0.55	-0.81	-0.84	0.95	-0.51	0.64	-0.76	0.48
Depreciation And Amortization	0.69	0.72	0.17	-0.64	-0.47	-0.18	0.77	-0.52		0.64	0.57	0.51	0.74	0.77	0.31	0.52	-0.13	0.88	0.63	-0.66	0.29	-0.54	0.74	-0.42
Other Operating Expenses	0.81	0.94	-0.23	-0.8	-0.66	-0.31	0.87	-0.55	0.64		0.88	0.45	0.77	0.58	-0.03	0.21	-0.07	0.62	0.48	-0.54	0.27	-0.47	0.63	-0.6
Cost Of Revenue	0.57	0.91	-0.46	-0.7	-0.7	-0.53	0.66	-0.3	0.57	0.88		0.62	0.61	0.38	-0.11	0.1	0.19	0.43	0.24	-0.37	0.19	-0.14	0.37	-0.36
Total Operating Expenses	0.22	0.6	-0.2	-0.55	-0.76	-0.77	0.36	-0.07	0.51	0.45	0.62		0.42	0.28	0.13	0.2	0.48	0.27	0.03	-0.15	-0.1	0.21	0.04	0.18
Income Before Tax	0.93	0.76	-0.26	-0.72	-0.69	-0.24	0.94	-0.32	0.74	0.77	0.61	0.42		0.51	0.22	0.13	0.12	0.64	0.44	-0.38	0.06	-0.62	0.61	-0.52
Total Other Income Expense Net	0.57	0.5	0.32	-0.63	-0.25	0.1	0.65	-0.77	0.77	0.58	0.38	0.28	0.51		0.39	0.7	-0.6	0.89	0.82	-0.8	0.65	-0.7	0.89	-0.51
Minority Interest	0.26	0.05	0.2	-0.3	-0.14	-0.05	0.24	-0.27	0.31	-0.03	-0.11	0.13	0.22	0.39		0.12	-0.26	0.38	0.31	-0.29	0.35	-0.34	0.27	0.07
Extraordinary Items	0.17	0.15	0.32	-0.31	-0.08	0.08	0.26	-0.58	0.52	0.21	0.1	0.2	0.13	0.7	0.12		-0.4	0.55	0.56	-0.62	0.35	-0.32	0.59	-0.07
Selling General Administrative	-0.11	0.08	-0.52	0.13	-0.39	-0.54	-0.08	0.55	-0.13	-0.07	0.19	0.48	0.12	-0.6	-0.26	-0.4		-0.4	-0.51	0.45	-0.71	0.52	-0.56	0.38
Net Income From Continuing Ops	0.68	0.57	0.3	-0.55	-0.25	0.14	0.77	-0.81	0.88	0.62	0.43	0.27	0.64	0.89	0.38	0.55	-0.4		0.84	-0.89	0.47	-0.78	0.92	-0.64
Non Operating Income Net Other	0.56	0.34	0.26	-0.44	-0.1	0.28	0.62	-0.84	0.63	0.48	0.24	0.03	0.44	0.82	0.31	0.56	-0.51	0.84		-0.87	0.55	-0.77	0.83	-0.55
Tax Provision	-0.51	-0.44	-0.25	0.46	0.14	-0.17	-0.62	0.95	-0.66	-0.54	-0.37	-0.15	-0.38	-0.8	-0.29	-0.62	0.45	-0.89	-0.87		-0.53	0.66	-0.82	0.52
Interest Income	0.22	0.21	0.26	-0.31	0.15	0.25	0.23	-0.51	0.29	0.27	0.19	-0.1	0.06	0.65	0.35	0.35	-0.71	0.47	0.55	-0.53		-0.49	0.57	-0.36
Net Interest Income	-0.72	-0.28	-0.23	0.31	-0.02	-0.53	-0.69	0.64	-0.54	-0.47	-0.14	0.21	-0.62	-0.7	-0.34	-0.32	0.52	-0.78	-0.77	0.66	-0.49		-0.9	0.79
Reconciled Depreciation	0.69	0.48	0.31	-0.47	-0.1	0.36	0.73	-0.76	0.74	0.63	0.37	0.04	0.61	0.89	0.27	0.59	-0.56	0.92	0.83	-0.82	0.57	-0.9		-0.78
Discontinued Operations	-0.55	-0.39	-0.19	0.17	-0.09	-0.51	-0.57	0.48	-0.42	-0.6	-0.36	0.18	-0.52	-0.51	0.07	-0.07	0.38	-0.64	-0.55	0.52	-0.36	0.79	-0.78

Click cells to compare fundamentals

CMS Energy Account Relationship Matchups

CMS Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	458M	519M	561M	500M	643M	675.2M
Total Revenue	6.8B	6.7B	7.3B	8.6B	7.5B	6.3B
Gross Profit	2.6B	2.8B	2.6B	2.8B	2.9B	2.3B
Operating Income	356M	398M	209M	295M	1.2B	974.7M
Ebit	356M	398M	209M	295M	1.6B	871.4M
Ebitda	1.3B	1.4B	1.3B	1.4B	2.8B	2.9B
Net Income	680M	755M	728M	837M	887M	931.4M
Income Tax Expense	115M	147M	133M	95M	93M	100.8M
Income Before Tax	829M	885M	823M	902M	954M	1.0B
Minority Interest	37M	581M	23M	24M	29M	42.0M
Extraordinary Items	31M	35M	602M	4M	4.6M	4.4M
Tax Provision	178M	133M	95M	93M	102M	149.7M
Interest Income	502M	561M	500M	519M	596.9M	341.1M
Net Interest Income	(512M)	(561M)	(500M)	(519M)	(643M)	(675.2M)

Pair Trading with CMS Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CMS Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CMS Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with CMS Stock

0.8	D	Dominion Energy Financial Report 3rd of May 2024	Pair Corr
0.85	ES	Eversource Energy Financial Report 1st of May 2024	Pair Corr
0.79	FE	FirstEnergy Earnings Call This Week	Pair Corr

Moving against CMS Stock

0.67	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.45	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to CMS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMS Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CMS Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CMS Energy to buy it.

The correlation of CMS Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CMS Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CMS Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CMS Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether CMS Energy is a strong investment it is important to analyze CMS Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CMS Energy's future performance. For an informed investment choice regarding CMS Stock, refer to the following important reports:

How To Invest In CMS

Details

Is CMS Stock a good investment?

Details

What is CMS Energy's Net Worth?

Details

Largest Multi-Utilities Companies

View

Largest Utilities - Regulated Electric Companies

View

Check out CMS Energy Valuation and CMS Energy Correlation analysis.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for CMS Stock analysis

When running CMS Energy's price analysis, check to measure CMS Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CMS Energy is operating at the current time. Most of CMS Energy's value examination focuses on studying past and present price action to predict the probability of CMS Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMS Energy's price. Additionally, you may evaluate how the addition of CMS Energy to your portfolios can decrease your overall portfolio volatility.

	Stocks Directory Find actively traded stocks across global markets
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	CEOs Directory Screen CEOs from public companies around the world
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	FinTech Suite Use AI to screen and filter profitable investment opportunities

Is CMS Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CMS Energy. If investors know CMS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CMS Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.805

Dividend Share

1.923

Earnings Share

3.01

Revenue Per Share

25.625

Quarterly Revenue Growth

(0.14)

The market value of CMS Energy is measured differently than its book value, which is the value of CMS that is recorded on the company's balance sheet. Investors also form their own opinion of CMS Energy's value that differs from its market value or its book value, called intrinsic value, which is CMS Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMS Energy's market value can be influenced by many factors that don't directly affect CMS Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CMS Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMS Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMS Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

CMS Income Statement Research

CMS Energy income statement Correlations

CMS Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CMS Energy income statement Accounts

Pair Trading with CMS Energy

Moving together with CMS Stock

Moving against CMS Stock

Complementary Tools for CMS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Income	+ 0.97	Interest Expense
Tax Provision	+ 0.95	Income Tax Expense
Other Operating Expenses	+ 0.94	Total Revenue
Income Before Tax	+ 0.94	Net Income
Income Before Tax	+ 0.93	Interest Expense
Reconciled Depreciation	+ 0.92	Net Income From Continuing Ops

Reconciled Depreciation	- 0.9	Net Interest Income
Tax Provision	- 0.89	Net Income From Continuing Ops
Tax Provision	- 0.87	Non Operating Income Net Other
Operating Income	- 0.85	Total Revenue
Non Operating Income Net Other	- 0.84	Income Tax Expense
Reconciled Depreciation	- 0.82	Tax Provision