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Side-by-side financial comparison of CMS Energy (CMS) and Floor & Decor Holdings, Inc. (FND). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× Floor & Decor Holdings, Inc.). CMS Energy runs the higher net margin — 13.5% vs 3.5%, a 10.1% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 2.0%). Over the past eight quarters, Floor & Decor Holdings, Inc.'s revenue compounded faster (1.5% 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.
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States.
CMS vs FND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $289.0M | $39.3M |
| Gross Margin | — | 43.5% |
| Operating Margin | 20.4% | 4.6% |
| Net Margin | 13.5% | 3.5% |
| Revenue YoY | 13.0% | 2.0% |
| Net Profit YoY | 9.1% | -17.2% |
| EPS (diluted) | $0.94 | $0.36 |
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 | $1.1B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $289.0M | $39.3M | ||
| Q3 25 | $277.0M | $57.3M | ||
| Q2 25 | $201.0M | $63.2M | ||
| Q1 25 | $304.0M | $48.9M | ||
| Q4 24 | $265.0M | $47.5M | ||
| Q3 24 | $253.0M | $51.7M | ||
| Q2 24 | $198.0M | $56.7M | ||
| Q1 24 | $287.0M | $50.0M |
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 43.5% | ||
| Q2 24 | — | 43.3% | ||
| Q1 24 | — | 42.8% |
| Q4 25 | 20.4% | 4.6% | ||
| Q3 25 | 24.4% | 6.1% | ||
| Q2 25 | 17.6% | 6.7% | ||
| Q1 25 | 20.6% | 5.5% | ||
| Q4 24 | 22.5% | 5.3% | ||
| Q3 24 | 21.4% | 5.9% | ||
| Q2 24 | 18.0% | 6.3% | ||
| Q1 24 | 19.2% | 5.4% |
| Q4 25 | 13.5% | 3.5% | ||
| Q3 25 | 14.0% | 4.9% | ||
| Q2 25 | 11.2% | 5.2% | ||
| Q1 25 | 12.7% | 4.2% | ||
| Q4 24 | 14.0% | 4.3% | ||
| Q3 24 | 14.8% | 4.6% | ||
| Q2 24 | 12.6% | 5.0% | ||
| Q1 24 | 13.4% | 4.6% |
| Q4 25 | $0.94 | $0.36 | ||
| Q3 25 | $0.92 | $0.53 | ||
| Q2 25 | $0.66 | $0.58 | ||
| Q1 25 | $1.01 | $0.45 | ||
| Q4 24 | $0.88 | $0.44 | ||
| Q3 24 | $0.84 | $0.48 | ||
| Q2 24 | $0.65 | $0.52 | ||
| Q1 24 | $0.96 | $0.46 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $2.4B |
| Total Assets | $39.9B | $5.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $465.0M | — | ||
| Q4 24 | $103.0M | — | ||
| Q3 24 | $412.0M | — | ||
| Q2 24 | $699.0M | — | ||
| Q1 24 | $802.0M | — |
| Q4 25 | $9.1B | $2.4B | ||
| Q3 25 | $8.9B | $2.4B | ||
| Q2 25 | $8.4B | $2.3B | ||
| Q1 25 | $8.3B | $2.2B | ||
| Q4 24 | $8.2B | $2.2B | ||
| Q3 24 | $8.1B | $2.1B | ||
| Q2 24 | $8.0B | $2.0B | ||
| Q1 24 | $7.9B | $2.0B |
| Q4 25 | $39.9B | $5.5B | ||
| Q3 25 | $38.0B | $5.5B | ||
| Q2 25 | $37.7B | $5.4B | ||
| Q1 25 | $36.3B | $5.4B | ||
| Q4 24 | $35.9B | $5.1B | ||
| Q3 24 | $34.8B | $4.9B | ||
| Q2 24 | $34.4B | $4.8B | ||
| Q1 24 | $33.9B | $4.7B |
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 | $124.1M |
| Free Cash FlowOCF − Capex | — | $45.1M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 7.0% |
| Cash ConversionOCF / Net Profit | 1.65× | 3.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $124.1M | ||
| Q3 25 | $343.0M | $102.5M | ||
| Q2 25 | $414.0M | $84.1M | ||
| Q1 25 | $1.0B | $71.2M | ||
| Q4 24 | $403.0M | $101.4M | ||
| Q3 24 | $304.0M | $160.3M | ||
| Q2 24 | $707.0M | $194.0M | ||
| Q1 24 | $956.0M | $147.5M |
| Q4 25 | — | $45.1M | ||
| Q3 25 | $-635.0M | $24.5M | ||
| Q2 25 | $-470.0M | $-10.0M | ||
| Q1 25 | $112.0M | $4.4M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $-502.0M | $36.5M | ||
| Q2 24 | $26.0M | $80.0M | ||
| Q1 24 | $343.0M | $35.8M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | -32.2% | 2.1% | ||
| Q2 25 | -26.1% | -0.8% | ||
| Q1 25 | 4.7% | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | -29.3% | 3.3% | ||
| Q2 24 | 1.6% | 7.1% | ||
| Q1 24 | 16.0% | 3.3% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 49.5% | 6.6% | ||
| Q2 25 | 49.2% | 7.8% | ||
| Q1 25 | 37.0% | 5.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 47.1% | 11.1% | ||
| Q2 24 | 43.2% | 10.1% | ||
| Q1 24 | 28.6% | 10.2% |
| Q4 25 | 1.65× | 3.15× | ||
| Q3 25 | 1.24× | 1.79× | ||
| Q2 25 | 2.06× | 1.33× | ||
| Q1 25 | 3.29× | 1.46× | ||
| Q4 24 | 1.52× | 2.14× | ||
| Q3 24 | 1.20× | 3.10× | ||
| Q2 24 | 3.57× | 3.42× | ||
| Q1 24 | 3.33× | 2.95× |
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% |
FND
| Laminate And Vinyl | $310.1M | 27% |
| Tile | $259.1M | 23% |
| Installation Materials And Tools | $218.4M | 19% |
| Decorative Accessories And Wall Tile | $177.0M | 16% |
| Wood | $83.2M | 7% |
| Natural Stone | $46.8M | 4% |
| Adjacent Categories | $26.6M | 2% |
| Other | $8.5M | 1% |
