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Side-by-side financial comparison of CMS Energy (CMS) and Expeditors International (EXPD). Click either name above to swap in a different company.
Expeditors International is the larger business by last-quarter revenue ($2.9B vs $2.1B, roughly 1.3× CMS Energy). CMS Energy runs the higher net margin — 13.5% vs 7.0%, a 6.5% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs -3.3%). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs -0.2%).
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.
Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.
CMS vs EXPD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.9B |
| Net Profit | $289.0M | $200.7M |
| Gross Margin | — | — |
| Operating Margin | 20.4% | 8.8% |
| Net Margin | 13.5% | 7.0% |
| Revenue YoY | 13.0% | -3.3% |
| Net Profit YoY | 9.1% | -14.9% |
| EPS (diluted) | $0.94 | $1.50 |
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.
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.0B | $2.9B | ||
| Q2 25 | $1.8B | $2.7B | ||
| Q1 25 | $2.4B | $2.7B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $2.1B | $2.2B |
| Q4 25 | $289.0M | $200.7M | ||
| Q3 25 | $277.0M | $222.3M | ||
| Q2 25 | $201.0M | $183.6M | ||
| Q1 25 | $304.0M | $203.8M | ||
| Q4 24 | $265.0M | $235.9M | ||
| Q3 24 | $253.0M | $229.6M | ||
| Q2 24 | $198.0M | $175.5M | ||
| Q1 24 | $287.0M | $169.2M |
| Q4 25 | 20.4% | 8.8% | ||
| Q3 25 | 24.4% | 10.0% | ||
| Q2 25 | 17.6% | 9.3% | ||
| Q1 25 | 20.6% | 10.0% | ||
| Q4 24 | 22.5% | 10.2% | ||
| Q3 24 | 21.4% | 10.1% | ||
| Q2 24 | 18.0% | 9.2% | ||
| Q1 24 | 19.2% | 9.7% |
| Q4 25 | 13.5% | 7.0% | ||
| Q3 25 | 14.0% | 7.7% | ||
| Q2 25 | 11.2% | 6.9% | ||
| Q1 25 | 12.7% | 7.6% | ||
| Q4 24 | 14.0% | 8.0% | ||
| Q3 24 | 14.8% | 7.7% | ||
| Q2 24 | 12.6% | 7.2% | ||
| Q1 24 | 13.4% | 7.7% |
| Q4 25 | $0.94 | $1.50 | ||
| Q3 25 | $0.92 | $1.64 | ||
| Q2 25 | $0.66 | $1.34 | ||
| Q1 25 | $1.01 | $1.47 | ||
| Q4 24 | $0.88 | $1.68 | ||
| Q3 24 | $0.84 | $1.63 | ||
| Q2 24 | $0.65 | $1.24 | ||
| Q1 24 | $0.96 | $1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $509.0M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $2.4B |
| Total Assets | $39.9B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $1.3B | ||
| Q3 25 | $362.0M | $1.2B | ||
| Q2 25 | $844.0M | $1.2B | ||
| Q1 25 | $465.0M | $1.3B | ||
| Q4 24 | $103.0M | $1.1B | ||
| Q3 24 | $412.0M | $1.3B | ||
| Q2 24 | $699.0M | $1.3B | ||
| Q1 24 | $802.0M | $1.4B |
| Q4 25 | $9.1B | $2.4B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | $8.4B | $2.2B | ||
| Q1 25 | $8.3B | $2.3B | ||
| Q4 24 | $8.2B | $2.2B | ||
| Q3 24 | $8.1B | $2.4B | ||
| Q2 24 | $8.0B | $2.2B | ||
| Q1 24 | $7.9B | $2.2B |
| Q4 25 | $39.9B | $4.9B | ||
| Q3 25 | $38.0B | $4.8B | ||
| Q2 25 | $37.7B | $4.8B | ||
| Q1 25 | $36.3B | $4.8B | ||
| Q4 24 | $35.9B | $4.8B | ||
| Q3 24 | $34.8B | $5.2B | ||
| Q2 24 | $34.4B | $4.8B | ||
| Q1 24 | $33.9B | $4.5B |
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 | $478.0M | $283.3M |
| Free Cash FlowOCF − Capex | — | $270.3M |
| FCF MarginFCF / Revenue | — | 9.5% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $953.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $283.3M | ||
| Q3 25 | $343.0M | $201.4M | ||
| Q2 25 | $414.0M | $179.2M | ||
| Q1 25 | $1.0B | $342.6M | ||
| Q4 24 | $403.0M | $249.7M | ||
| Q3 24 | $304.0M | $90.0M | ||
| Q2 24 | $707.0M | $126.8M | ||
| Q1 24 | $956.0M | $256.9M |
| Q4 25 | — | $270.3M | ||
| Q3 25 | $-635.0M | $190.3M | ||
| Q2 25 | $-470.0M | $163.3M | ||
| Q1 25 | $112.0M | $329.5M | ||
| Q4 24 | — | $239.7M | ||
| Q3 24 | $-502.0M | $77.7M | ||
| Q2 24 | $26.0M | $118.8M | ||
| Q1 24 | $343.0M | $246.7M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | -32.2% | 6.6% | ||
| Q2 25 | -26.1% | 6.2% | ||
| Q1 25 | 4.7% | 12.4% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | -29.3% | 2.6% | ||
| Q2 24 | 1.6% | 4.9% | ||
| Q1 24 | 16.0% | 11.2% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 49.5% | 0.4% | ||
| Q2 25 | 49.2% | 0.6% | ||
| Q1 25 | 37.0% | 0.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 47.1% | 0.4% | ||
| Q2 24 | 43.2% | 0.3% | ||
| Q1 24 | 28.6% | 0.5% |
| Q4 25 | 1.65× | 1.41× | ||
| Q3 25 | 1.24× | 0.91× | ||
| Q2 25 | 2.06× | 0.98× | ||
| Q1 25 | 3.29× | 1.68× | ||
| Q4 24 | 1.52× | 1.06× | ||
| Q3 24 | 1.20× | 0.39× | ||
| Q2 24 | 3.57× | 0.72× | ||
| Q1 24 | 3.33× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
