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Side-by-side financial comparison of CMS Energy (CMS) and Gen Digital (GEN). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Gen Digital). Gen Digital runs the higher net margin — 15.5% vs 13.5%, a 1.9% gap on every dollar of revenue. On growth, Gen Digital posted the faster year-over-year revenue change (28.5% vs 13.0%). Over the past eight quarters, Gen Digital's revenue compounded faster (13.2% 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.
Gen Digital Inc. is a multinational software company co-headquartered in both Tempe, Arizona (USA) and Prague, Czech Republic (EU). The company provides cybersecurity software, financial technology, and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. It is listed at both NASDAQ and Prague Stock Exchange. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, MoneyLion and CCleaner.
CMS vs GEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $289.0M | $192.0M |
| Gross Margin | — | 78.4% |
| Operating Margin | 20.4% | 34.9% |
| Net Margin | 13.5% | 15.5% |
| Revenue YoY | 13.0% | 28.5% |
| Net Profit YoY | 9.1% | 6.1% |
| EPS (diluted) | $0.94 | $0.31 |
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 | — | $1.2B | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.9B | $986.0M | ||
| Q3 24 | $1.7B | $974.0M | ||
| Q2 24 | $1.6B | $965.0M |
| Q1 26 | — | $192.0M | ||
| Q4 25 | $289.0M | $134.0M | ||
| Q3 25 | $277.0M | $135.0M | ||
| Q2 25 | $201.0M | — | ||
| Q1 25 | $304.0M | $142.0M | ||
| Q4 24 | $265.0M | $159.0M | ||
| Q3 24 | $253.0M | $161.0M | ||
| Q2 24 | $198.0M | $181.0M |
| Q1 26 | — | 78.4% | ||
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 78.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 80.3% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | — | 80.1% | ||
| Q2 24 | — | 80.3% |
| Q1 26 | — | 34.9% | ||
| Q4 25 | 20.4% | 35.9% | ||
| Q3 25 | 24.4% | 35.5% | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 20.6% | 41.3% | ||
| Q4 24 | 22.5% | 37.9% | ||
| Q3 24 | 21.4% | 41.3% | ||
| Q2 24 | 18.0% | 43.2% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 13.5% | 11.0% | ||
| Q3 25 | 14.0% | 10.7% | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 12.7% | 14.1% | ||
| Q4 24 | 14.0% | 16.1% | ||
| Q3 24 | 14.8% | 16.5% | ||
| Q2 24 | 12.6% | 18.8% |
| Q1 26 | — | $0.31 | ||
| Q4 25 | $0.94 | $0.21 | ||
| Q3 25 | $0.92 | $0.22 | ||
| Q2 25 | $0.66 | — | ||
| Q1 25 | $1.01 | $0.22 | ||
| Q4 24 | $0.88 | $0.26 | ||
| Q3 24 | $0.84 | $0.26 | ||
| Q2 24 | $0.65 | $0.29 |
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 | — | $8.4B |
| Stockholders' EquityBook value | $9.1B | $2.3B |
| Total Assets | $39.9B | $15.8B |
| Debt / EquityLower = less leverage | — | 3.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $465.0M | $1.0B | ||
| Q4 24 | $103.0M | $883.0M | ||
| Q3 24 | $412.0M | $737.0M | ||
| Q2 24 | $699.0M | $644.0M |
| Q1 26 | — | $8.4B | ||
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $8.5B |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $9.1B | $2.5B | ||
| Q3 25 | $8.9B | $2.4B | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.3B | $2.3B | ||
| Q4 24 | $8.2B | $2.2B | ||
| Q3 24 | $8.1B | $2.1B | ||
| Q2 24 | $8.0B | $2.0B |
| Q1 26 | — | $15.8B | ||
| Q4 25 | $39.9B | $16.1B | ||
| Q3 25 | $38.0B | $16.4B | ||
| Q2 25 | $37.7B | — | ||
| Q1 25 | $36.3B | $15.5B | ||
| Q4 24 | $35.9B | $15.4B | ||
| Q3 24 | $34.8B | $15.5B | ||
| Q2 24 | $34.4B | $15.4B |
| Q1 26 | — | 3.61× | ||
| Q4 25 | — | 3.54× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.64× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 4.06× | ||
| Q2 24 | — | 4.33× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $541.0M | ||
| Q3 25 | $343.0M | $409.0M | ||
| Q2 25 | $414.0M | — | ||
| Q1 25 | $1.0B | $473.0M | ||
| Q4 24 | $403.0M | $326.0M | ||
| Q3 24 | $304.0M | $158.0M | ||
| Q2 24 | $707.0M | $264.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $535.0M | ||
| Q3 25 | $-635.0M | $405.0M | ||
| Q2 25 | $-470.0M | — | ||
| Q1 25 | $112.0M | $470.0M | ||
| Q4 24 | — | $318.0M | ||
| Q3 24 | $-502.0M | $156.0M | ||
| Q2 24 | $26.0M | $262.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.9% | ||
| Q3 25 | -32.2% | 32.2% | ||
| Q2 25 | -26.1% | — | ||
| Q1 25 | 4.7% | 46.5% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | -29.3% | 16.0% | ||
| Q2 24 | 1.6% | 27.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | 49.5% | 0.3% | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 37.0% | 0.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 47.1% | 0.2% | ||
| Q2 24 | 43.2% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 4.04× | ||
| Q3 25 | 1.24× | 3.03× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | 3.33× | ||
| Q4 24 | 1.52× | 2.05× | ||
| Q3 24 | 1.20× | 0.98× | ||
| Q2 24 | 3.57× | 1.46× |
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% |
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
