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Side-by-side financial comparison of CMS Energy (CMS) and JETBLUE AIRWAYS CORP (JBLU). Click either name above to swap in a different company.
JETBLUE AIRWAYS CORP is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.0× CMS Energy). CMS Energy runs the higher net margin — 13.5% vs -14.2%, a 27.8% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 4.7%). Over the past eight quarters, CMS Energy's revenue compounded faster (-0.2% CAGR vs -3.9%).
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.
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.
CMS vs JBLU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.2B |
| Net Profit | $289.0M | $-319.0M |
| Gross Margin | — | — |
| Operating Margin | 20.4% | -10.0% |
| Net Margin | 13.5% | -14.2% |
| Revenue YoY | 13.0% | 4.7% |
| Net Profit YoY | 9.1% | — |
| EPS (diluted) | $0.94 | $-0.86 |
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 | — | $2.2B | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.7B | $2.4B | ||
| Q2 24 | $1.6B | $2.4B |
| Q1 26 | — | $-319.0M | ||
| Q4 25 | $289.0M | $-177.0M | ||
| Q3 25 | $277.0M | $-143.0M | ||
| Q2 25 | $201.0M | $-74.0M | ||
| Q1 25 | $304.0M | $-208.0M | ||
| Q4 24 | $265.0M | $-44.0M | ||
| Q3 24 | $253.0M | $-60.0M | ||
| Q2 24 | $198.0M | $25.0M |
| Q1 26 | — | -10.0% | ||
| Q4 25 | 20.4% | -4.5% | ||
| Q3 25 | 24.4% | -4.3% | ||
| Q2 25 | 17.6% | 0.3% | ||
| Q1 25 | 20.6% | -8.1% | ||
| Q4 24 | 22.5% | 0.7% | ||
| Q3 24 | 21.4% | -1.6% | ||
| Q2 24 | 18.0% | 2.3% |
| Q1 26 | — | -14.2% | ||
| Q4 25 | 13.5% | -7.9% | ||
| Q3 25 | 14.0% | -6.2% | ||
| Q2 25 | 11.2% | -3.1% | ||
| Q1 25 | 12.7% | -9.7% | ||
| Q4 24 | 14.0% | -1.9% | ||
| Q3 24 | 14.8% | -2.5% | ||
| Q2 24 | 12.6% | 1.0% |
| Q1 26 | — | $-0.86 | ||
| Q4 25 | $0.94 | $-0.47 | ||
| Q3 25 | $0.92 | $-0.39 | ||
| Q2 25 | $0.66 | $-0.21 | ||
| Q1 25 | $1.01 | $-0.59 | ||
| Q4 24 | $0.88 | $-0.09 | ||
| Q3 24 | $0.84 | $-0.17 | ||
| Q2 24 | $0.65 | $0.07 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $1.8B |
| Total Assets | $39.9B | $16.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $509.0M | $2.2B | ||
| Q3 25 | $362.0M | $2.6B | ||
| Q2 25 | $844.0M | $3.1B | ||
| Q1 25 | $465.0M | $3.5B | ||
| Q4 24 | $103.0M | $3.6B | ||
| Q3 24 | $412.0M | $4.0B | ||
| Q2 24 | $699.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.7B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $5.0B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $9.1B | $2.1B | ||
| Q3 25 | $8.9B | $2.3B | ||
| Q2 25 | $8.4B | $2.4B | ||
| Q1 25 | $8.3B | $2.4B | ||
| Q4 24 | $8.2B | $2.6B | ||
| Q3 24 | $8.1B | $2.6B | ||
| Q2 24 | $8.0B | $2.7B |
| Q1 26 | — | $16.6B | ||
| Q4 25 | $39.9B | $16.6B | ||
| Q3 25 | $38.0B | $16.6B | ||
| Q2 25 | $37.7B | $16.9B | ||
| Q1 25 | $36.3B | $17.1B | ||
| Q4 24 | $35.9B | $16.8B | ||
| Q3 24 | $34.8B | $16.6B | ||
| Q2 24 | $34.4B | $14.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.42× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | — | 2.98× | ||
| Q2 24 | — | 1.86× |
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 | — | 6.3% |
| 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 | $49.0M | ||
| Q3 25 | $343.0M | $-142.0M | ||
| Q2 25 | $414.0M | $-115.0M | ||
| Q1 25 | $1.0B | $114.0M | ||
| Q4 24 | $403.0M | $-17.0M | ||
| Q3 24 | $304.0M | $-29.0M | ||
| Q2 24 | $707.0M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-287.0M | ||
| Q3 25 | $-635.0M | $-411.0M | ||
| Q2 25 | $-470.0M | $-412.0M | ||
| Q1 25 | $112.0M | $-62.0M | ||
| Q4 24 | — | $-368.0M | ||
| Q3 24 | $-502.0M | $-302.0M | ||
| Q2 24 | $26.0M | $-441.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -12.8% | ||
| Q3 25 | -32.2% | -17.7% | ||
| Q2 25 | -26.1% | -17.5% | ||
| Q1 25 | 4.7% | -2.9% | ||
| Q4 24 | — | -16.2% | ||
| Q3 24 | -29.3% | -12.8% | ||
| Q2 24 | 1.6% | -18.2% |
| Q1 26 | — | 6.3% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | 49.5% | 11.6% | ||
| Q2 25 | 49.2% | 12.6% | ||
| Q1 25 | 37.0% | 8.2% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 47.1% | 11.5% | ||
| Q2 24 | 43.2% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 3.57× | -0.56× |
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% |
JBLU
Segment breakdown not available.
