Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The enterprise value (EV) is $41.14B as of Wednesday, July 29, 2026.
ENTERPRISE VALUE (EV)
$41.14B
CMS Energy Corporation
Market Cap
$22.97B
Enterprise Value (EV)
$41.14B
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| CMS Energy Corporation (CMS) | $22.97B | $41.14B |
| NiSource Inc (NI)vs › | $21.92B | $38.62B |
| Evergy, Inc. (EVRG)vs › | $19.75B | $35.60B |
| Alliant Energy Corporation (LNT)vs › | $19.06B | $30.78B |
| NRG Energy, Inc. (NRG)vs › | $26.91B | $50.04B |
| American Water Works Company, Inc. (AWK)vs › | $26.96B | $42.68B |
| PPL Corporation (PPL)vs › | $27.33B | $46.32B |
| Eversource Energy (ES)vs › | $28.35B | $58.42B |
| FirstEnergy Corp. (FE)vs › | $28.72B | $56.26B |
| CenterPoint Energy, Inc. (CNP)vs › | $28.85B | $30.58B |
Market Cap
$22.97B
Total Debt
$18.79B
Cash
$615.00M
Enterprise Value
$41.14B
Why use EV instead of Market Cap?
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
