CMS Energy Corporation (CMS) Return on Invested Capital (ROIC): 3.67%
Is CMS Energy Corporation’s return on invested capital (ROIC) high or low?
CMS Energy Corporation's return on invested capital (ROIC) of 3.67% is in line with its 5-year average of 3.68%, around the middle of its 5-year range (3.30%–3.88%).
As of Saturday, June 13, 2026. 0.81% below its 12-month average of 3.70%.
CMS Return on Invested Capital (ROIC) Chart
CMS Average Return on Invested Capital (ROIC) Chart
CMS Current vs Average Return on Invested Capital (ROIC) Chart
CMS Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
3.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.21%
CURRENT VS TTM AVG
-0.81%
CURRENT VS 3Y AVG
+1.80%
CURRENT VS 5Y AVG
-0.18%
CURRENT VS 10Y AVG
-2.68%
CURRENT VS 15Y AVG
-6.06%
CURRENT VS 20Y AVG
+14.47%
CMS Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.73B | 3.67% | 3.70% | 3.60% | 3.68% |
| Alliant Energy Corporation (LNT) | $18.88B | 4.12% | 4.10% | 4.40% | 4.42% |
| FirstEnergy Corp. (FE) | $27.20B | 4.46% | 4.06% | 3.39% | 3.56% |
| CenterPoint Energy, Inc. (CNP) | $28.06B | 3.96% | 4.05% | 3.86% | 3.63% |
| Atmos Energy Corporation (ATO) | $28.37B | 4.58% | 4.67% | 4.43% | 4.37% |
| WEC Energy Group, Inc. (WEC) | $36.95B | 5.25% | 4.70% | 4.31% | 4.21% |
| Consolidated Edison, Inc. (ED) | $39.71B | 3.24% | 3.36% | 3.27% | 3.54% |
| Public Service Enterprise Group Incorporated (PEG) | $39.72B | 4.88% | 4.64% | 4.67% | 3.59% |
| Exelon Corporation (EXC) | $47.28B | 3.97% | 3.95% | 3.68% | 3.14% |
| Xcel Energy Inc. (XEL) | $49.45B | 3.77% | 3.71% | 3.95% | 3.99% |
Capital Efficiency
ROIC
3.7%
ROE
11.7%
CMS Energy Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
CMS Energy Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The return on invested capital (ROIC) for CMS stock is 3.67%.
- Is CMS Energy Corporation's return on invested capital (ROIC) high or low?
- CMS Energy Corporation's return on invested capital (ROIC) of 3.67% is in line with its 5-year average of 3.68%, around the middle of its 5-year range (3.30%–3.88%).
- What is the TTM average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The TTM average return on invested capital (ROIC) for CMS stock is 3.70%.
- What is the 3Y average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The 3Y average return on invested capital (ROIC) for CMS stock is 3.60%.
- What is the 5Y average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The 5Y average return on invested capital (ROIC) for CMS stock is 3.68%.
- What is the 10Y average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The 10Y average return on invested capital (ROIC) for CMS stock is 3.77%.
- What is the 15Y average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The 15Y average return on invested capital (ROIC) for CMS stock is 3.91%.
- What is the 20Y average return on invested capital (ROIC) for CMS Energy Corporation (CMS)?
- The 20Y average return on invested capital (ROIC) for CMS stock is 3.21%.
CMS Energy Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 3.67% |
| 2024-12-31 | 3.73% |
| 2023-12-31 | 3.30% |
| 2022-12-31 | 3.72% |
| 2021-12-31 | 3.76% |
| 2020-12-31 | 3.88% |
| 2019-12-31 | 3.64% |
| 2018-12-31 | 4.30% |
| 2017-12-31 | 3.24% |
| 2016-12-31 | 4.15% |
| 2015-12-31 | 4.09% |
| 2014-12-31 | 4.24% |
| 2013-12-31 | 4.23% |
| 2012-12-31 | 3.80% |
| 2011-12-31 | 4.53% |
| 2010-12-31 | 4.23% |
| 2009-12-31 | 3.27% |
| 2008-12-31 | 4.03% |
| 2007-12-31 | -0.28% |
| 2006-12-31 | -0.67% |
| 2005-12-31 | -1.53% |
| 2004-12-31 | 4.05% |
| 2003-12-31 | -9.72% |
| 2002-12-31 | -0.13% |
| 2001-12-31 | -0.11% |
| 2000-12-31 | 2.21% |
| 1999-12-31 | 5.33% |
| 1998-12-31 | 5.06% |
| 1997-12-31 | 5.68% |
| 1996-12-31 | 5.49% |
Related Metrics
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.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Garrick J. Rochow