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Side-by-side financial comparison of CMS Energy (CMS) and CHART INDUSTRIES INC (GTLS). 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 2.0× CHART INDUSTRIES INC). CMS Energy runs the higher net margin — 13.5% vs 5.0%, a 8.6% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs -2.5%). Over the past eight quarters, CHART INDUSTRIES INC's revenue compounded faster (6.6% 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.
Oricon Inc. , established in 1999, is the holding company at the head of a Japanese corporate group that supplies statistics and information on music and the music industry in Japan and Western music. It started as Original Confidence Inc. , which was founded by Sōkō Koike in November 1967 and became known for its music charts. Oricon Inc. was originally set up as a subsidiary of Original Confidence and took over the latter's Oricon record charts in April 2002.
CMS vs GTLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $289.0M | $53.6M |
| Gross Margin | — | 33.3% |
| Operating Margin | 20.4% | 11.6% |
| Net Margin | 13.5% | 5.0% |
| Revenue YoY | 13.0% | -2.5% |
| Net Profit YoY | 9.1% | -32.7% |
| EPS (diluted) | $0.94 | $1.06 |
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 | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $2.1B | $950.7M |
| Q4 25 | $289.0M | $53.6M | ||
| Q3 25 | $277.0M | $-138.5M | ||
| Q2 25 | $201.0M | $76.1M | ||
| Q1 25 | $304.0M | $49.5M | ||
| Q4 24 | $265.0M | $79.6M | ||
| Q3 24 | $253.0M | $69.0M | ||
| Q2 24 | $198.0M | $58.6M | ||
| Q1 24 | $287.0M | $11.3M |
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 33.8% | ||
| Q1 24 | — | 31.8% |
| Q4 25 | 20.4% | 11.6% | ||
| Q3 25 | 24.4% | -8.0% | ||
| Q2 25 | 17.6% | 15.7% | ||
| Q1 25 | 20.6% | 15.2% | ||
| Q4 24 | 22.5% | 17.0% | ||
| Q3 24 | 21.4% | 16.8% | ||
| Q2 24 | 18.0% | 16.1% | ||
| Q1 24 | 19.2% | 11.9% |
| Q4 25 | 13.5% | 5.0% | ||
| Q3 25 | 14.0% | -12.6% | ||
| Q2 25 | 11.2% | 7.0% | ||
| Q1 25 | 12.7% | 4.9% | ||
| Q4 24 | 14.0% | 7.2% | ||
| Q3 24 | 14.8% | 6.5% | ||
| Q2 24 | 12.6% | 5.6% | ||
| Q1 24 | 13.4% | 1.2% |
| Q4 25 | $0.94 | $1.06 | ||
| Q3 25 | $0.92 | $-3.23 | ||
| Q2 25 | $0.66 | $1.53 | ||
| Q1 25 | $1.01 | $0.94 | ||
| Q4 24 | $0.88 | $1.57 | ||
| Q3 24 | $0.84 | $1.33 | ||
| Q2 24 | $0.65 | $1.10 | ||
| Q1 24 | $0.96 | $0.10 |
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 | $366.0M |
| Total DebtLower is stronger | — | $3.7B |
| Stockholders' EquityBook value | $9.1B | $3.2B |
| Total Assets | $39.9B | $9.8B |
| Debt / EquityLower = less leverage | — | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $366.0M | ||
| Q3 25 | $362.0M | $399.2M | ||
| Q2 25 | $844.0M | $342.3M | ||
| Q1 25 | $465.0M | $296.2M | ||
| Q4 24 | $103.0M | $308.6M | ||
| Q3 24 | $412.0M | $310.2M | ||
| Q2 24 | $699.0M | $247.4M | ||
| Q1 24 | $802.0M | $191.9M |
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $9.1B | $3.2B | ||
| Q3 25 | $8.9B | $3.2B | ||
| Q2 25 | $8.4B | $3.4B | ||
| Q1 25 | $8.3B | $3.0B | ||
| Q4 24 | $8.2B | $2.8B | ||
| Q3 24 | $8.1B | $3.0B | ||
| Q2 24 | $8.0B | $2.7B | ||
| Q1 24 | $7.9B | $2.7B |
| Q4 25 | $39.9B | $9.8B | ||
| Q3 25 | $38.0B | $9.8B | ||
| Q2 25 | $37.7B | $9.7B | ||
| Q1 25 | $36.3B | $9.3B | ||
| Q4 24 | $35.9B | $9.1B | ||
| Q3 24 | $34.8B | $9.5B | ||
| Q2 24 | $34.4B | $9.3B | ||
| Q1 24 | $33.9B | $9.2B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $88.8M |
| Free Cash FlowOCF − Capex | — | $66.2M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $202.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $88.8M | ||
| Q3 25 | $343.0M | $118.0M | ||
| Q2 25 | $414.0M | $145.9M | ||
| Q1 25 | $1.0B | $-60.0M | ||
| Q4 24 | $403.0M | $281.4M | ||
| Q3 24 | $304.0M | $200.6M | ||
| Q2 24 | $707.0M | $116.1M | ||
| Q1 24 | $956.0M | $-95.1M |
| Q4 25 | — | $66.2M | ||
| Q3 25 | $-635.0M | $94.7M | ||
| Q2 25 | $-470.0M | $122.0M | ||
| Q1 25 | $112.0M | $-80.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | $-502.0M | $174.5M | ||
| Q2 24 | $26.0M | $88.0M | ||
| Q1 24 | $343.0M | $-141.2M |
| Q4 25 | — | 6.1% | ||
| Q3 25 | -32.2% | 8.6% | ||
| Q2 25 | -26.1% | 11.3% | ||
| Q1 25 | 4.7% | -8.0% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | -29.3% | 16.4% | ||
| Q2 24 | 1.6% | 8.5% | ||
| Q1 24 | 16.0% | -14.9% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 49.5% | 2.1% | ||
| Q2 25 | 49.2% | 2.2% | ||
| Q1 25 | 37.0% | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 47.1% | 2.5% | ||
| Q2 24 | 43.2% | 2.7% | ||
| Q1 24 | 28.6% | 4.8% |
| Q4 25 | 1.65× | 1.66× | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 2.06× | 1.92× | ||
| Q1 25 | 3.29× | -1.21× | ||
| Q4 24 | 1.52× | 3.54× | ||
| Q3 24 | 1.20× | 2.91× | ||
| Q2 24 | 3.57× | 1.98× | ||
| Q1 24 | 3.33× | -8.42× |
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% |
GTLS
| Repair Service And Leasing Segment | $330.4M | 31% |
| Heat Transfer Systems Segment | $325.8M | 30% |
| Specialty Products Segment | $259.5M | 24% |
| Transferred Over Time | $94.4M | 9% |
| Transferred At Point In Time | $69.5M | 6% |
