GPGrossPatternRESEARCH SYSTEM
SEC CHECK OPERATIONAL
GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

CMS · Jun 30, 2026

CMS ENERGY CORP. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 4[email protected]
Inspectable configuration

State dimensions

Filing0000811156-26-000028General Corporate
Debt relative to revenue100thOwn-history percentile · N=20
Evidence method

Level · gp.fundamentals.debt_to_revenue

1052.88% · OPTIONAL · VALID

Capex intensity100thOwn-history percentile · N=20
Evidence method

Level · gp.fundamentals.capex_revenue_ratio

53.48% · OPTIONAL · VALID

Operating cash generation70thOwn-history percentile · N=20
Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

34.40% · OPTIONAL · VALID

Revenue growth25thOwn-history percentile · N=20
Evidence method

Yoy · gp.fundamentals.revenue

0.56% · CORE · VALID

Operating margin15thOwn-history percentile · N=20
Evidence method

Level · gp.fundamentals.operating_margin

14.60% · CORE · VALID

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History42 statesSelf-history eligible
Sep 30, 20215/5 normalizedLevel 3Dec 31, 20215/5 normalizedLevel 3Mar 31, 20225/5 normalizedLevel 3Jun 30, 20225/5 normalizedLevel 3Sep 30, 20225/5 normalizedLevel 3Dec 31, 20225/5 normalizedLevel 3Mar 31, 20235/5 normalizedLevel 3Jun 30, 20234/4 normalizedLevel 3Sep 30, 20234/4 normalizedLevel 3Dec 31, 20234/4 normalizedLevel 3Mar 31, 20244/4 normalizedLevel 3Jun 30, 20244/4 normalizedLevel 3Sep 30, 20244/4 normalizedLevel 3Dec 31, 20244/4 normalizedLevel 3Mar 31, 20255/5 normalizedLevel 3Jun 30, 20255/5 normalizedLevel 3Sep 30, 20255/5 normalizedLevel 3Dec 31, 20254/4 normalizedLevel 3Mar 31, 20265/5 normalizedLevel 3Jun 30, 20265/5 normalizedLevel 4
Period transition

What moved in the state?

Balance Sheet Leverage Increased
Previous
704.90%
Current
1052.88%
Delta
347.98%
Capex Intensity Increased
Previous
38.84%
Current
53.48%
Delta
14.64%
Cash Generation Increased
Previous
26.36%
Current
34.40%
Delta
8.05%
Growth Decreased
Previous
11.55%
Current
0.56%
Delta
-11.00%
Profitability Decreased
Previous
18.32%
Current
14.60%
Delta
-3.72%
Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Jun 30, 2018
Similarity
96%
Compared
4 dimensions
Coverage
80%
Growth 2.8 · Profitability 8.1 · Capex Intensity 0.0 · Balance Sheet Leverage 0.0
Jun 30, 2019
Similarity
90%
Compared
4 dimensions
Coverage
80%
Growth 17.3 · Profitability 9.1 · Capex Intensity 5.9 · Balance Sheet Leverage 0.0
Jun 30, 2017
Similarity
85%
Compared
3 dimensions
Coverage
60%
Profitability 3.9 · Capex Intensity 22.2 · Balance Sheet Leverage 11.1
Jun 30, 2023
Similarity
84%
Compared
4 dimensions
Coverage
80%
Growth 25.0 · Profitability 10.0 · Cash Generation 15.0 · Balance Sheet Leverage 10.0
Jun 30, 2024
Similarity
70%
Compared
4 dimensions
Coverage
80%
Growth 35.0 · Profitability 40.0 · Cash Generation 25.0 · Balance Sheet Leverage 10.0
Research Graph

Related governed research

Analogous To · CMS state analogue 4 →Analogous To · CMS state analogue 5 →Compared To · Electric & Other Services Combined peers →Analogous To · CMS state analogue 1 →Analogous To · CMS state analogue 2 →Analogous To · CMS state analogue 3 →Has State · CMS ENERGY CORP →Transitioned To · CMS Fundamental State →Transitioned To · CMS BALANCE_SHEET_LEVERAGE_INCREASED →Transitioned To · CMS CAPEX_INTENSITY_INCREASED →Transitioned To · CMS CASH_GENERATION_INCREASED →Transitioned To · CMS GROWTH_DECREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.