Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on equity (ROE) high or low?
The return on equity (ROE) of 11.69% is 14% below its 5-year average of 13.62%, near the low end of its 5-year range (11.69%–20.40%).
As of the fiscal period ended Wednesday, December 31, 2025. 2.18% below its 12-month average of 11.95%.
Annual fiscal-year return on equity; no daily interpolation.
RETURN ON EQUITY (ROE)
11.69%
RETURN ON EQUITY (ROE) AVG TTM
11.95%
RETURN ON EQUITY (ROE) AVG 3Y
11.90%
RETURN ON EQUITY (ROE) AVG 5Y
13.62%
RETURN ON EQUITY (ROE) AVG 10Y
13.25%
RETURN ON EQUITY (ROE) AVG 15Y
12.62%
RETURN ON EQUITY (ROE) AVG 20Y
12.25%
CURRENT VS TTM AVG
-2.18%
CURRENT VS 3Y AVG
-1.74%
CURRENT VS 5Y AVG
-14.18%
CURRENT VS 10Y AVG
-11.74%
CURRENT VS 15Y AVG
-7.33%
CURRENT VS 20Y AVG
-4.54%
SECTOR MEDIAN · UTILITIES
9.44%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+23.83%
vs the sector median at left
CMS Energy Corporation
Market Cap
$22.93B
Return on Equity (ROE)
11.69%
TTM Avg
11.95%
3Y Avg
11.90%
5Y Avg
13.62%
Market Cap
$26.43B
Return on Equity (ROE)
4.90%
TTM Avg
48.40%
3Y Avg
30.44%
5Y Avg
35.48%
Market Cap
$19.37B
Return on Equity (ROE)
8.68%
TTM Avg
8.57%
3Y Avg
8.16%
5Y Avg
8.21%
Market Cap
$26.92B
Return on Equity (ROE)
9.98%
TTM Avg
10.21%
3Y Avg
10.18%
5Y Avg
11.50%
Market Cap
$27.13B
Return on Equity (ROE)
8.12%
TTM Avg
7.13%
3Y Avg
6.25%
5Y Avg
4.20%
Market Cap
$18.68B
Return on Equity (ROE)
11.06%
TTM Avg
10.45%
3Y Avg
10.55%
5Y Avg
10.73%
Market Cap
$28.08B
Return on Equity (ROE)
10.58%
TTM Avg
7.92%
3Y Avg
5.45%
5Y Avg
6.46%
Market Cap
$28.36B
Return on Equity (ROE)
9.53%
TTM Avg
9.49%
3Y Avg
9.75%
5Y Avg
7.58%
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.93B | 11.69% | 11.95% | 11.90% | 13.62% |
| NiSource Inc (NI)vs › | $21.58B | 9.96% | 9.30% | 9.46% | 7.66% |
| NRG Energy, Inc. (NRG)vs › | $26.43B | 4.90% | 48.40% | 30.44% | 35.48% |
| Evergy, Inc. (EVRG)vs › | $19.37B | 8.68% | 8.57% | 8.16% | 8.21% |
| American Water Works Company, Inc. (AWK)vs › | $26.92B | 9.98% | 10.21% | 10.18% | 11.50% |
| PPL Corporation (PPL)vs › | $27.13B | 8.12% | 7.13% | 6.25% | 4.20% |
| Alliant Energy Corporation (LNT)vs › | $18.68B | 11.06% | 10.45% | 10.55% | 10.73% |
| Eversource Energy (ES)vs › | $28.08B | 10.58% | 7.92% | 5.45% | 6.46% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.36B | 9.53% | 9.49% | 9.75% | 7.58% |
| FirstEnergy Corp. (FE)vs › | $28.62B | 8.88% | 8.00% | 7.64% | 10.04% |
ROE
11.7%
ROA
2.8%
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2025-12-31 | 11.71% |
| 2024-12-31 | 12.19% |
| 2023-12-31 | 11.76% |
| 2022-12-31 | 11.93% |
| 2021-12-31 | 20.40% |
| 2020-12-31 | 13.74% |
| 2019-12-31 | 13.55% |
| 2018-12-31 | 13.82% |
| 2017-12-31 | 10.36% |
| 2016-12-31 | 12.96% |
| 2015-12-31 | 13.28% |
| 2014-12-31 | 13.00% |
| 2013-12-31 | 13.09% |
| 2012-12-31 | 11.96% |
| 2011-12-31 | 13.71% |
| 2010-12-31 | 12.17% |
| 2009-12-31 | 8.06% |
| 2008-12-31 | 10.90% |
| 2007-12-31 | -9.03% |
| 2006-12-31 | -3.17% |
| 2005-12-31 | -3.25% |
| 2004-12-31 | 5.19% |
| 2003-12-31 | -2.84% |
| 2002-12-31 | -57.37% |
| 2001-12-31 | -24.29% |
| 2000-12-31 | 1.52% |
| 1999-12-31 | 11.28% |
| 1998-12-31 | 12.86% |
| 1997-12-31 | 12.34% |
| 1996-12-31 | 13.16% |
