vs
Side-by-side financial comparison of CMS Energy (CMS) and HAEMONETICS CORP (HAE). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.6× HAEMONETICS CORP). CMS Energy runs the higher net margin — 13.5% vs 7.3%, a 6.2% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 4.8%). Over the past eight quarters, HAEMONETICS CORP's revenue compounded faster (99.2% 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.
Haemonetics Corporation is a global provider of blood and plasma supplies and services. The company was founded in Natick, Massachusetts by Dr. Allen (Jack) Latham in the 1970s.
CMS vs HAE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.3B |
| Net Profit | $289.0M | $97.3M |
| Gross Margin | — | 14.9% |
| Operating Margin | 20.4% | 83.4% |
| Net Margin | 13.5% | 7.3% |
| Revenue YoY | 13.0% | 4.8% |
| Net Profit YoY | 9.1% | -42.0% |
| EPS (diluted) | $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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.1B | $339.0M | ||
| Q3 25 | $2.0B | $327.3M | ||
| Q2 25 | $1.8B | $321.4M | ||
| Q1 25 | $2.4B | $330.6M | ||
| Q4 24 | $1.9B | $348.5M | ||
| Q3 24 | $1.7B | $345.5M | ||
| Q2 24 | $1.6B | $336.2M |
| Q1 26 | — | $97.3M | ||
| Q4 25 | $289.0M | $44.7M | ||
| Q3 25 | $277.0M | $38.7M | ||
| Q2 25 | $201.0M | $34.0M | ||
| Q1 25 | $304.0M | $58.0M | ||
| Q4 24 | $265.0M | $37.5M | ||
| Q3 24 | $253.0M | $33.8M | ||
| Q2 24 | $198.0M | $38.4M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 59.7% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.5% | ||
| Q3 24 | — | 54.2% | ||
| Q2 24 | — | 52.0% |
| Q1 26 | — | 83.4% | ||
| Q4 25 | 20.4% | 19.9% | ||
| Q3 25 | 24.4% | 17.9% | ||
| Q2 25 | 17.6% | 16.8% | ||
| Q1 25 | 20.6% | 21.6% | ||
| Q4 24 | 22.5% | 16.9% | ||
| Q3 24 | 21.4% | 15.0% | ||
| Q2 24 | 18.0% | 11.8% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 13.5% | 13.2% | ||
| Q3 25 | 14.0% | 11.8% | ||
| Q2 25 | 11.2% | 10.6% | ||
| Q1 25 | 12.7% | 17.5% | ||
| Q4 24 | 14.0% | 10.8% | ||
| Q3 24 | 14.8% | 9.8% | ||
| Q2 24 | 12.6% | 11.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.95 | ||
| Q3 25 | $0.92 | $0.81 | ||
| Q2 25 | $0.66 | $0.70 | ||
| Q1 25 | $1.01 | $1.17 | ||
| Q4 24 | $0.88 | $0.74 | ||
| Q3 24 | $0.84 | $0.66 | ||
| Q2 24 | $0.65 | $0.74 |
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 | $245.4M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $9.1B | $796.3M |
| Total Assets | $39.9B | $2.4B |
| Debt / EquityLower = less leverage | — | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.4M | ||
| Q4 25 | $509.0M | $363.4M | ||
| Q3 25 | $362.0M | $296.4M | ||
| Q2 25 | $844.0M | $292.9M | ||
| Q1 25 | $465.0M | $306.8M | ||
| Q4 24 | $103.0M | $320.8M | ||
| Q3 24 | $412.0M | $299.3M | ||
| Q2 24 | $699.0M | $344.4M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $796.3M | ||
| Q4 25 | $9.1B | $911.5M | ||
| Q3 25 | $8.9B | $849.2M | ||
| Q2 25 | $8.4B | $882.3M | ||
| Q1 25 | $8.3B | $820.8M | ||
| Q4 24 | $8.2B | $906.9M | ||
| Q3 24 | $8.1B | $878.9M | ||
| Q2 24 | $8.0B | $905.4M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $39.9B | $2.5B | ||
| Q3 25 | $38.0B | $2.4B | ||
| Q2 25 | $37.7B | $2.5B | ||
| Q1 25 | $36.3B | $2.5B | ||
| Q4 24 | $35.9B | $2.5B | ||
| Q3 24 | $34.8B | $2.5B | ||
| Q2 24 | $34.4B | $2.5B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.49× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $293.2M |
| Free Cash FlowOCF − Capex | — | $209.9M |
| FCF MarginFCF / Revenue | — | 15.7% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 1.65× | 3.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $417.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $293.2M | ||
| Q4 25 | $478.0M | $93.6M | ||
| Q3 25 | $343.0M | $111.3M | ||
| Q2 25 | $414.0M | $17.4M | ||
| Q1 25 | $1.0B | $116.6M | ||
| Q4 24 | $403.0M | $43.8M | ||
| Q3 24 | $304.0M | $48.8M | ||
| Q2 24 | $707.0M | $-27.4M |
| Q1 26 | — | $209.9M | ||
| Q4 25 | — | $87.2M | ||
| Q3 25 | $-635.0M | $106.3M | ||
| Q2 25 | $-470.0M | $13.6M | ||
| Q1 25 | $112.0M | $100.9M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | $-502.0M | $39.4M | ||
| Q2 24 | $26.0M | $-33.1M |
| Q1 26 | — | 15.7% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | -32.2% | 32.5% | ||
| Q2 25 | -26.1% | 4.2% | ||
| Q1 25 | 4.7% | 30.5% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | -29.3% | 11.4% | ||
| Q2 24 | 1.6% | -9.8% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | 49.5% | 1.5% | ||
| Q2 25 | 49.2% | 1.2% | ||
| Q1 25 | 37.0% | 4.7% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 47.1% | 2.7% | ||
| Q2 24 | 43.2% | 1.7% |
| Q1 26 | — | 3.01× | ||
| Q4 25 | 1.65× | 2.09× | ||
| Q3 25 | 1.24× | 2.88× | ||
| Q2 25 | 2.06× | 0.51× | ||
| Q1 25 | 3.29× | 2.01× | ||
| Q4 24 | 1.52× | 1.17× | ||
| Q3 24 | 1.20× | 1.44× | ||
| Q2 24 | 3.57× | -0.71× |
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% |
HAE
Segment breakdown not available.
