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Side-by-side financial comparison of CMS Energy (CMS) and Intuit (INTU). Click either name above to swap in a different company.

Intuit is the larger business by last-quarter revenue ($3.9B vs $2.1B, roughly 1.8× CMS Energy). CMS Energy runs the higher net margin — 13.5% vs 11.5%, a 2.1% gap on every dollar of revenue. On growth, Intuit posted the faster year-over-year revenue change (18.3% vs 13.0%). Over the past eight quarters, Intuit's revenue compounded faster (7.1% 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.

Intuit Inc. is an American multinational business software company that specializes in financial software. Headquartered in Mountain View, California, the company is led by CEO Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting software QuickBooks, the credit monitoring and personal finance service Credit Karma, and the email marketing platform Mailchimp. As of 2019, more than 95% of its revenue and earnings originated from its op...

CMS vs INTU — Head-to-Head

Bigger by revenue
INTU
INTU
1.8× larger
INTU
$3.9B
$2.1B
CMS
Growing faster (revenue YoY)
INTU
INTU
+5.4% gap
INTU
18.3%
13.0%
CMS
Higher net margin
CMS
CMS
2.1% more per $
CMS
13.5%
11.5%
INTU
Faster 2-yr revenue CAGR
INTU
INTU
Annualised
INTU
7.1%
-0.2%
CMS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CMS
CMS
INTU
INTU
Revenue
$2.1B
$3.9B
Net Profit
$289.0M
$446.0M
Gross Margin
Operating Margin
20.4%
13.7%
Net Margin
13.5%
11.5%
Revenue YoY
13.0%
18.3%
Net Profit YoY
9.1%
126.4%
EPS (diluted)
$0.94
$1.59

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.

Revenue
CMS
CMS
INTU
INTU
Q4 25
$2.1B
$3.9B
Q3 25
$2.0B
$3.8B
Q2 25
$1.8B
$7.8B
Q1 25
$2.4B
$4.0B
Q4 24
$1.9B
$3.3B
Q3 24
$1.7B
$3.2B
Q2 24
$1.6B
$6.7B
Q1 24
$2.1B
$3.4B
Net Profit
CMS
CMS
INTU
INTU
Q4 25
$289.0M
$446.0M
Q3 25
$277.0M
$381.0M
Q2 25
$201.0M
$2.8B
Q1 25
$304.0M
$471.0M
Q4 24
$265.0M
$197.0M
Q3 24
$253.0M
$-20.0M
Q2 24
$198.0M
$2.4B
Q1 24
$287.0M
$353.0M
Operating Margin
CMS
CMS
INTU
INTU
Q4 25
20.4%
13.7%
Q3 25
24.4%
8.8%
Q2 25
17.6%
48.0%
Q1 25
20.6%
15.0%
Q4 24
22.5%
8.3%
Q3 24
21.4%
-4.7%
Q2 24
18.0%
46.1%
Q1 24
19.2%
10.9%
Net Margin
CMS
CMS
INTU
INTU
Q4 25
13.5%
11.5%
Q3 25
14.0%
9.9%
Q2 25
11.2%
36.4%
Q1 25
12.7%
11.9%
Q4 24
14.0%
6.0%
Q3 24
14.8%
-0.6%
Q2 24
12.6%
35.5%
Q1 24
13.4%
10.4%
EPS (diluted)
CMS
CMS
INTU
INTU
Q4 25
$0.94
$1.59
Q3 25
$0.92
$1.28
Q2 25
$0.66
$10.02
Q1 25
$1.01
$1.67
Q4 24
$0.88
$0.70
Q3 24
$0.84
$-0.09
Q2 24
$0.65
$8.42
Q1 24
$0.96
$1.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMS
CMS
INTU
INTU
Cash + ST InvestmentsLiquidity on hand
$509.0M
$3.5B
Total DebtLower is stronger
$6.1B
Stockholders' EquityBook value
$9.1B
$19.3B
Total Assets
$39.9B
$33.2B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMS
CMS
INTU
INTU
Q4 25
$509.0M
$3.5B
Q3 25
$362.0M
$2.9B
Q2 25
$844.0M
$5.4B
Q1 25
$465.0M
$2.4B
Q4 24
$103.0M
$2.9B
Q3 24
$412.0M
$3.6B
Q2 24
$699.0M
$4.2B
Q1 24
$802.0M
$1.5B
Total Debt
CMS
CMS
INTU
INTU
Q4 25
$6.1B
Q3 25
$6.0B
Q2 25
$6.4B
Q1 25
$6.3B
Q4 24
$6.1B
Q3 24
$6.0B
Q2 24
$6.0B
Q1 24
$6.0B
Stockholders' Equity
CMS
CMS
INTU
INTU
Q4 25
$9.1B
$19.3B
Q3 25
$8.9B
$19.7B
Q2 25
$8.4B
$20.1B
Q1 25
$8.3B
$17.9B
Q4 24
$8.2B
$18.1B
Q3 24
$8.1B
$18.4B
Q2 24
$8.0B
$18.8B
Q1 24
$7.9B
$16.9B
Total Assets
CMS
CMS
INTU
INTU
Q4 25
$39.9B
$33.2B
Q3 25
$38.0B
$37.0B
Q2 25
$37.7B
$36.6B
Q1 25
$36.3B
$31.7B
Q4 24
$35.9B
$33.2B
Q3 24
$34.8B
$32.1B
Q2 24
$34.4B
$31.6B
Q1 24
$33.9B
$29.7B
Debt / Equity
CMS
CMS
INTU
INTU
Q4 25
0.32×
Q3 25
0.30×
Q2 25
0.32×
Q1 25
0.35×
Q4 24
0.34×
Q3 24
0.33×
Q2 24
0.32×
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMS
CMS
INTU
INTU
Operating Cash FlowLast quarter
$478.0M
$637.0M
Free Cash FlowOCF − Capex
$599.0M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
1.65×
1.43×
TTM Free Cash FlowTrailing 4 quarters
$6.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMS
CMS
INTU
INTU
Q4 25
$478.0M
$637.0M
Q3 25
$343.0M
$381.0M
Q2 25
$414.0M
$4.4B
Q1 25
$1.0B
$1.1B
Q4 24
$403.0M
$362.0M
Q3 24
$304.0M
$417.0M
Q2 24
$707.0M
$4.0B
Q1 24
$956.0M
$613.0M
Free Cash Flow
CMS
CMS
INTU
INTU
Q4 25
$599.0M
Q3 25
$-635.0M
$366.0M
Q2 25
$-470.0M
$4.4B
Q1 25
$112.0M
$1.0B
Q4 24
$329.0M
Q3 24
$-502.0M
$400.0M
Q2 24
$26.0M
$3.9B
Q1 24
$343.0M
$550.0M
FCF Margin
CMS
CMS
INTU
INTU
Q4 25
15.4%
Q3 25
-32.2%
9.6%
Q2 25
-26.1%
56.2%
Q1 25
4.7%
26.2%
Q4 24
10.0%
Q3 24
-29.3%
12.6%
Q2 24
1.6%
57.7%
Q1 24
16.0%
16.2%
Capex Intensity
CMS
CMS
INTU
INTU
Q4 25
1.0%
Q3 25
49.5%
0.4%
Q2 25
49.2%
0.5%
Q1 25
37.0%
0.8%
Q4 24
1.0%
Q3 24
47.1%
0.5%
Q2 24
43.2%
0.9%
Q1 24
28.6%
1.9%
Cash Conversion
CMS
CMS
INTU
INTU
Q4 25
1.65×
1.43×
Q3 25
1.24×
1.00×
Q2 25
2.06×
1.56×
Q1 25
3.29×
2.27×
Q4 24
1.52×
1.84×
Q3 24
1.20×
Q2 24
3.57×
1.65×
Q1 24
3.33×
1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMS
CMS

Electric Utility$1.3B59%
Gas Utility$803.0M38%
North Star Clean Energy$77.0M4%

INTU
INTU

Quick Books Online Accounting$1.2B32%
Product And Other$779.0M20%
Credit Karma$616.0M16%
Turbo Tax$581.0M15%
Quick Books Desktop Accounting$408.0M11%
Pro Tax$290.0M7%

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