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Side-by-side financial comparison of Agilent Technologies (A) and CMS Energy (CMS). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 13.5%, a 3.4% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 7.0%). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs -0.2%).
Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...
CMS Energy Corporation is an American energy company based in Jackson, Michigan, that is focused principally on utility operations in Michigan. Its principal business is Consumers Energy, a public utility that provides electricity and natural gas to more than 6 million of Michigan's 10 million residents. Its non-utility businesses are focused primarily on domestic independent power production. Consumers Energy has operated since 1886.
A vs CMS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.1B |
| Net Profit | $305.0M | $289.0M |
| Gross Margin | 52.6% | — |
| Operating Margin | 19.6% | 20.4% |
| Net Margin | 17.0% | 13.5% |
| Revenue YoY | 7.0% | 13.0% |
| Net Profit YoY | -4.1% | 9.1% |
| EPS (diluted) | $1.07 | $0.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.6B |
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $289.0M | ||
| Q3 25 | $336.0M | $277.0M | ||
| Q2 25 | $215.0M | $201.0M | ||
| Q1 25 | $318.0M | $304.0M | ||
| Q4 24 | $351.0M | $265.0M | ||
| Q3 24 | $282.0M | $253.0M | ||
| Q2 24 | $308.0M | $198.0M |
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 20.4% | ||
| Q3 25 | 20.7% | 24.4% | ||
| Q2 25 | 18.0% | 17.6% | ||
| Q1 25 | 22.4% | 20.6% | ||
| Q4 24 | 24.0% | 22.5% | ||
| Q3 24 | 21.1% | 21.4% | ||
| Q2 24 | 23.1% | 18.0% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 13.5% | ||
| Q3 25 | 19.3% | 14.0% | ||
| Q2 25 | 12.9% | 11.2% | ||
| Q1 25 | 18.9% | 12.7% | ||
| Q4 24 | 20.6% | 14.0% | ||
| Q3 24 | 17.9% | 14.8% | ||
| Q2 24 | 19.6% | 12.6% |
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $0.94 | ||
| Q3 25 | $1.18 | $0.92 | ||
| Q2 25 | $0.75 | $0.66 | ||
| Q1 25 | $1.11 | $1.01 | ||
| Q4 24 | $1.23 | $0.88 | ||
| Q3 24 | $0.97 | $0.84 | ||
| Q2 24 | $1.05 | $0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $509.0M |
| Total DebtLower is stronger | $3.0B | — |
| Stockholders' EquityBook value | $6.9B | $9.1B |
| Total Assets | $12.8B | $39.9B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $509.0M | ||
| Q3 25 | $1.5B | $362.0M | ||
| Q2 25 | $1.5B | $844.0M | ||
| Q1 25 | $1.5B | $465.0M | ||
| Q4 24 | $1.3B | $103.0M | ||
| Q3 24 | $1.8B | $412.0M | ||
| Q2 24 | $1.7B | $699.0M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $9.1B | ||
| Q3 25 | $6.4B | $8.9B | ||
| Q2 25 | $6.1B | $8.4B | ||
| Q1 25 | $6.0B | $8.3B | ||
| Q4 24 | $5.9B | $8.2B | ||
| Q3 24 | $5.9B | $8.1B | ||
| Q2 24 | $6.2B | $8.0B |
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $39.9B | ||
| Q3 25 | $12.2B | $38.0B | ||
| Q2 25 | $12.2B | $37.7B | ||
| Q1 25 | $11.9B | $36.3B | ||
| Q4 24 | $11.8B | $35.9B | ||
| Q3 24 | $11.0B | $34.8B | ||
| Q2 24 | $10.9B | $34.4B |
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $268.0M | $478.0M |
| Free Cash FlowOCF − Capex | $175.0M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 5.2% | — |
| Cash ConversionOCF / Net Profit | 0.88× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $993.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $478.0M | ||
| Q3 25 | $362.0M | $343.0M | ||
| Q2 25 | $221.0M | $414.0M | ||
| Q1 25 | $431.0M | $1.0B | ||
| Q4 24 | $481.0M | $403.0M | ||
| Q3 24 | $452.0M | $304.0M | ||
| Q2 24 | $333.0M | $707.0M |
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | — | ||
| Q3 25 | $259.0M | $-635.0M | ||
| Q2 25 | $107.0M | $-470.0M | ||
| Q1 25 | $334.0M | $112.0M | ||
| Q4 24 | $388.0M | — | ||
| Q3 24 | $360.0M | $-502.0M | ||
| Q2 24 | $230.0M | $26.0M |
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 14.9% | -32.2% | ||
| Q2 25 | 6.4% | -26.1% | ||
| Q1 25 | 19.9% | 4.7% | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 22.8% | -29.3% | ||
| Q2 24 | 14.6% | 1.6% |
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.9% | 49.5% | ||
| Q2 25 | 6.8% | 49.2% | ||
| Q1 25 | 5.8% | 37.0% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.8% | 47.1% | ||
| Q2 24 | 6.5% | 43.2% |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 1.65× | ||
| Q3 25 | 1.08× | 1.24× | ||
| Q2 25 | 1.03× | 2.06× | ||
| Q1 25 | 1.36× | 3.29× | ||
| Q4 24 | 1.37× | 1.52× | ||
| Q3 24 | 1.60× | 1.20× | ||
| Q2 24 | 1.08× | 3.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
