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Side-by-side financial comparison of BRINKS CO (BCO) 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 $1.4B, roughly 1.5× BRINKS CO). CMS Energy runs the higher net margin — 13.5% vs 4.9%, a 8.6% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 9.1%). Over the past eight quarters, BRINKS CO's revenue compounded faster (5.6% CAGR vs -0.2%).

The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.

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.

BCO vs CMS — Head-to-Head

Bigger by revenue
CMS
CMS
1.5× larger
CMS
$2.1B
$1.4B
BCO
Growing faster (revenue YoY)
CMS
CMS
+3.9% gap
CMS
13.0%
9.1%
BCO
Higher net margin
CMS
CMS
8.6% more per $
CMS
13.5%
4.9%
BCO
Faster 2-yr revenue CAGR
BCO
BCO
Annualised
BCO
5.6%
-0.2%
CMS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BCO
BCO
CMS
CMS
Revenue
$1.4B
$2.1B
Net Profit
$68.1M
$289.0M
Gross Margin
27.7%
Operating Margin
13.1%
20.4%
Net Margin
4.9%
13.5%
Revenue YoY
9.1%
13.0%
Net Profit YoY
76.9%
9.1%
EPS (diluted)
$1.62
$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.

Revenue
BCO
BCO
CMS
CMS
Q4 25
$1.4B
$2.1B
Q3 25
$1.3B
$2.0B
Q2 25
$1.3B
$1.8B
Q1 25
$1.2B
$2.4B
Q4 24
$1.3B
$1.9B
Q3 24
$1.3B
$1.7B
Q2 24
$1.3B
$1.6B
Q1 24
$1.2B
$2.1B
Net Profit
BCO
BCO
CMS
CMS
Q4 25
$68.1M
$289.0M
Q3 25
$36.3M
$277.0M
Q2 25
$43.7M
$201.0M
Q1 25
$51.6M
$304.0M
Q4 24
$38.5M
$265.0M
Q3 24
$28.9M
$253.0M
Q2 24
$46.2M
$198.0M
Q1 24
$49.3M
$287.0M
Gross Margin
BCO
BCO
CMS
CMS
Q4 25
27.7%
Q3 25
25.8%
Q2 25
24.9%
Q1 25
24.6%
Q4 24
26.1%
Q3 24
25.0%
Q2 24
25.2%
Q1 24
25.0%
Operating Margin
BCO
BCO
CMS
CMS
Q4 25
13.1%
20.4%
Q3 25
11.4%
24.4%
Q2 25
10.3%
17.6%
Q1 25
9.6%
20.6%
Q4 24
8.3%
22.5%
Q3 24
8.9%
21.4%
Q2 24
9.3%
18.0%
Q1 24
9.8%
19.2%
Net Margin
BCO
BCO
CMS
CMS
Q4 25
4.9%
13.5%
Q3 25
2.7%
14.0%
Q2 25
3.4%
11.2%
Q1 25
4.1%
12.7%
Q4 24
3.0%
14.0%
Q3 24
2.3%
14.8%
Q2 24
3.7%
12.6%
Q1 24
4.0%
13.4%
EPS (diluted)
BCO
BCO
CMS
CMS
Q4 25
$1.62
$0.94
Q3 25
$0.86
$0.92
Q2 25
$1.03
$0.66
Q1 25
$1.18
$1.01
Q4 24
$0.87
$0.88
Q3 24
$0.65
$0.84
Q2 24
$1.02
$0.65
Q1 24
$1.09
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCO
BCO
CMS
CMS
Cash + ST InvestmentsLiquidity on hand
$1.7B
$509.0M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$277.7M
$9.1B
Total Assets
$7.3B
$39.9B
Debt / EquityLower = less leverage
14.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCO
BCO
CMS
CMS
Q4 25
$1.7B
$509.0M
Q3 25
$1.3B
$362.0M
Q2 25
$1.4B
$844.0M
Q1 25
$1.2B
$465.0M
Q4 24
$1.4B
$103.0M
Q3 24
$1.2B
$412.0M
Q2 24
$1.2B
$699.0M
Q1 24
$1.1B
$802.0M
Total Debt
BCO
BCO
CMS
CMS
Q4 25
$4.0B
Q3 25
$3.8B
Q2 25
$3.9B
Q1 25
$3.7B
Q4 24
$3.7B
Q3 24
$3.7B
Q2 24
$3.6B
Q1 24
$3.4B
Stockholders' Equity
BCO
BCO
CMS
CMS
Q4 25
$277.7M
$9.1B
Q3 25
$268.5M
$8.9B
Q2 25
$254.6M
$8.4B
Q1 25
$205.8M
$8.3B
Q4 24
$184.9M
$8.2B
Q3 24
$277.1M
$8.1B
Q2 24
$320.5M
$8.0B
Q1 24
$396.4M
$7.9B
Total Assets
BCO
BCO
CMS
CMS
Q4 25
$7.3B
$39.9B
Q3 25
$7.0B
$38.0B
Q2 25
$7.1B
$37.7B
Q1 25
$6.6B
$36.3B
Q4 24
$6.6B
$35.9B
Q3 24
$6.7B
$34.8B
Q2 24
$6.6B
$34.4B
Q1 24
$6.7B
$33.9B
Debt / Equity
BCO
BCO
CMS
CMS
Q4 25
14.31×
Q3 25
14.05×
Q2 25
15.48×
Q1 25
18.19×
Q4 24
20.26×
Q3 24
13.39×
Q2 24
11.26×
Q1 24
8.67×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCO
BCO
CMS
CMS
Operating Cash FlowLast quarter
$478.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCO
BCO
CMS
CMS
Q4 25
$478.0M
Q3 25
$122.1M
$343.0M
Q2 25
$414.0M
Q1 25
$-60.2M
$1.0B
Q4 24
$369.8M
$403.0M
Q3 24
$58.4M
$304.0M
Q2 24
$-66.1M
$707.0M
Q1 24
$63.9M
$956.0M
Free Cash Flow
BCO
BCO
CMS
CMS
Q4 25
Q3 25
$77.4M
$-635.0M
Q2 25
$-470.0M
Q1 25
$-119.1M
$112.0M
Q4 24
$307.2M
Q3 24
$7.4M
$-502.0M
Q2 24
$-122.8M
$26.0M
Q1 24
$11.7M
$343.0M
FCF Margin
BCO
BCO
CMS
CMS
Q4 25
Q3 25
5.8%
-32.2%
Q2 25
-26.1%
Q1 25
-9.6%
4.7%
Q4 24
24.3%
Q3 24
0.6%
-29.3%
Q2 24
-9.8%
1.6%
Q1 24
0.9%
16.0%
Capex Intensity
BCO
BCO
CMS
CMS
Q4 25
3.5%
Q3 25
3.3%
49.5%
Q2 25
4.0%
49.2%
Q1 25
4.7%
37.0%
Q4 24
5.0%
Q3 24
4.1%
47.1%
Q2 24
4.5%
43.2%
Q1 24
4.2%
28.6%
Cash Conversion
BCO
BCO
CMS
CMS
Q4 25
1.65×
Q3 25
3.36×
1.24×
Q2 25
2.06×
Q1 25
-1.17×
3.29×
Q4 24
9.61×
1.52×
Q3 24
2.02×
1.20×
Q2 24
-1.43×
3.57×
Q1 24
1.30×
3.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BCO
BCO

Segment breakdown not available.

CMS
CMS

Electric Utility$1.3B59%
Gas Utility$803.0M38%
North Star Clean Energy$77.0M4%

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