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CMS Energy Corporation (CMS)
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The market capitalization for CMS Energy Corporation (CMS) is $22.73 Billion, making it a Large Cap company. Market cap is calculated by multiplying the current stock price by the total number of shares outstanding.

Market Capitalization

$22.73B

$22.73 Billion

Calculation

Stock Price
$73.57
Shares Outstanding
308.92M
Market Cap
$22.73B

Market Cap = Price × Shares Outstanding

Size Classification

Large Cap

$10B - $1T

Companies with market capitalization between $10 billion and $1 trillion.

Market Cap Size Scale

Micro Cap

<$250M

Small Cap

$250M-$2B

Mid Cap

$2B-$10B

Large Cap

$10B-$1T

Mega Cap

>$1T

CMS Market Cap: $22.73 Billion

Related Valuation Metrics

Key Statistics

Market Cap$22.73 Billion
Stock Price$73.57
Shares Outstanding308.92M
Size CategoryLarge Cap
P/E Ratio20.16
P/B Ratio2.34
Data as of Sunday, June 14, 2026

About CMS Energy Corporation

CMS Energy Corporation (CMS) operates as a significant utility provider with its primary services concentrated in Michigan. The company's business is structured into three main divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment encompasses the full spectrum of electricity operations, from generating power using a variety of sources—including coal, wind, natural gas, renewable energies, oil, and nuclear—to its subsequent purchase, transmission, distribution, and sale to customers. Its extensive electrical grid is supported by approximately 4,636 miles of high-voltage overhead distribution lines, 23 miles of high-voltage underground distribution lines, an additional 82,474 miles of electric overhead distribution lines, and 9,395 miles of underground distribution lines. This vast network also includes 1,093 substations and 3 battery storage facilities. The Gas Utility division is responsible for procuring, transmitting, storing, distributing, and selling natural gas. This segment's infrastructure features 2,392 miles of transmission pipelines, 15 natural gas storage fields, 28,065 miles of distribution mains, and 8 compressor stations. The Enterprises segment specializes in independent power generation and energy marketing, particularly focusing on the development and operation of renewable energy projects. CMS Energy serves a considerable customer base, providing electricity to 1.9 million clients and natural gas to 1.8 million clients, spanning residential, commercial, and diverse industrial sectors. The company was established in 1987 and its corporate headquarters are situated in Jackson, Michigan.

Jackson, MI
8,324 employees
Utilities / Regulated Electric
Sector
Utilities
Industry
Regulated Electric
CEO
Garrick J. Rochow