CMS Energy Corporation (CMS)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,003,000 | 1,047,000 | 970,000 | 970,000 | 887,000 | 749,000 | 738,000 | 688,000 | 837,000 | 1,305,000 | 1,329,000 | 1,357,000 | 1,353,000 | 872,000 | 901,000 | 861,000 | 755,000 | 764,000 | 753,000 | 710,000 |
| Total stockholders’ equity | US$ in thousands | 8,230,000 | 8,111,000 | 8,003,000 | 7,946,000 | 7,544,000 | 7,186,000 | 7,145,000 | 7,080,000 | 7,015,000 | 6,913,000 | 6,878,000 | 6,854,000 | 6,631,000 | 6,090,000 | 5,797,000 | 5,727,000 | 5,496,000 | 5,320,000 | 5,214,000 | 5,185,000 |
| ROE | 12.19% | 12.91% | 12.12% | 12.21% | 11.76% | 10.42% | 10.33% | 9.72% | 11.93% | 18.88% | 19.32% | 19.80% | 20.40% | 14.32% | 15.54% | 15.03% | 13.74% | 14.36% | 14.44% | 13.69% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,003,000K ÷ $8,230,000K
= 12.19%
The return on equity (ROE) of CMS Energy Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. The ROE started at 13.69% in March 2020 and showed a slight increase to 14.44% in June 2020. It then remained relatively stable around the mid-teen percentages until March 2021 when it increased significantly to 15.03%.
From June 2021 to September 2022, the ROE continued to increase, peaking at 20.40% in December 2021. However, it started to decline thereafter, reaching 11.93% by December 2022. The downward trend continued into March 2023 and June 2023, with ROE at 9.72% and 10.33%, respectively.
There was a slight increase in the ROE in September and December 2023, reaching 10.42% and 11.76%, before showing a more consistent level between 12% and 13% from March 2024 to December 2024.
Overall, the ROE performance of CMS Energy Corporation has displayed fluctuations with periods of both growth and decline. Investors and stakeholders should closely monitor the company's performance to assess its ability to generate returns for shareholders relative to its equity investments.
Peer comparison
Dec 31, 2024