vs
Side-by-side financial comparison of CMS Energy (CMS) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× LOGITECH INTERNATIONAL S.A.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 13.5%, a 4.1% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 6.1%). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% 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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
CMS vs LOGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.4B |
| Net Profit | $289.0M | $251.0M |
| Gross Margin | — | 43.2% |
| Operating Margin | 20.4% | 20.1% |
| Net Margin | 13.5% | 17.7% |
| Revenue YoY | 13.0% | 6.1% |
| Net Profit YoY | 9.1% | 25.4% |
| EPS (diluted) | $0.94 | $1.69 |
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 | $1.4B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $2.1B | $1.0B |
| Q4 25 | $289.0M | $251.0M | ||
| Q3 25 | $277.0M | $170.7M | ||
| Q2 25 | $201.0M | $146.0M | ||
| Q1 25 | $304.0M | $144.1M | ||
| Q4 24 | $265.0M | $200.1M | ||
| Q3 24 | $253.0M | $145.5M | ||
| Q2 24 | $198.0M | $141.8M | ||
| Q1 24 | $287.0M | $167.6M |
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
| Q4 25 | 20.4% | 20.1% | ||
| Q3 25 | 24.4% | 16.1% | ||
| Q2 25 | 17.6% | 14.1% | ||
| Q1 25 | 20.6% | 10.5% | ||
| Q4 24 | 22.5% | 17.5% | ||
| Q3 24 | 21.4% | 14.4% | ||
| Q2 24 | 18.0% | 14.1% | ||
| Q1 24 | 19.2% | 12.9% |
| Q4 25 | 13.5% | 17.7% | ||
| Q3 25 | 14.0% | 14.4% | ||
| Q2 25 | 11.2% | 12.7% | ||
| Q1 25 | 12.7% | 14.3% | ||
| Q4 24 | 14.0% | 14.9% | ||
| Q3 24 | 14.8% | 13.0% | ||
| Q2 24 | 12.6% | 13.0% | ||
| Q1 24 | 13.4% | 16.6% |
| Q4 25 | $0.94 | $1.69 | ||
| Q3 25 | $0.92 | $1.15 | ||
| Q2 25 | $0.66 | $0.98 | ||
| Q1 25 | $1.01 | $0.94 | ||
| Q4 24 | $0.88 | $1.32 | ||
| Q3 24 | $0.84 | $0.95 | ||
| Q2 24 | $0.65 | $0.92 | ||
| Q1 24 | $0.96 | $1.07 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $2.3B |
| Total Assets | $39.9B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $1.8B | ||
| Q3 25 | $362.0M | $1.4B | ||
| Q2 25 | $844.0M | $1.5B | ||
| Q1 25 | $465.0M | $1.5B | ||
| Q4 24 | $103.0M | $1.5B | ||
| Q3 24 | $412.0M | $1.4B | ||
| Q2 24 | $699.0M | $1.5B | ||
| Q1 24 | $802.0M | $1.5B |
| Q4 25 | $9.1B | $2.3B | ||
| Q3 25 | $8.9B | $2.1B | ||
| Q2 25 | $8.4B | $2.2B | ||
| Q1 25 | $8.3B | $2.1B | ||
| Q4 24 | $8.2B | $2.1B | ||
| Q3 24 | $8.1B | $2.1B | ||
| Q2 24 | $8.0B | $2.2B | ||
| Q1 24 | $7.9B | $2.2B |
| Q4 25 | $39.9B | $4.1B | ||
| Q3 25 | $38.0B | $3.7B | ||
| Q2 25 | $37.7B | $3.7B | ||
| Q1 25 | $36.3B | $3.5B | ||
| Q4 24 | $35.9B | $3.7B | ||
| Q3 24 | $34.8B | $3.6B | ||
| Q2 24 | $34.4B | $3.7B | ||
| Q1 24 | $33.9B | $3.6B |
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 | $480.5M |
| Free Cash FlowOCF − Capex | — | $465.6M |
| FCF MarginFCF / Revenue | — | 32.8% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $480.5M | ||
| Q3 25 | $343.0M | $228.8M | ||
| Q2 25 | $414.0M | $125.0M | ||
| Q1 25 | $1.0B | $129.7M | ||
| Q4 24 | $403.0M | $370.9M | ||
| Q3 24 | $304.0M | $166.0M | ||
| Q2 24 | $707.0M | $176.0M | ||
| Q1 24 | $956.0M | $239.1M |
| Q4 25 | — | $465.6M | ||
| Q3 25 | $-635.0M | $212.3M | ||
| Q2 25 | $-470.0M | $108.8M | ||
| Q1 25 | $112.0M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | $-502.0M | $151.5M | ||
| Q2 24 | $26.0M | $161.4M | ||
| Q1 24 | $343.0M | $228.8M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | -32.2% | 17.9% | ||
| Q2 25 | -26.1% | 9.5% | ||
| Q1 25 | 4.7% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | -29.3% | 13.6% | ||
| Q2 24 | 1.6% | 14.8% | ||
| Q1 24 | 16.0% | 22.6% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 49.5% | 1.4% | ||
| Q2 25 | 49.2% | 1.4% | ||
| Q1 25 | 37.0% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 47.1% | 1.3% | ||
| Q2 24 | 43.2% | 1.3% | ||
| Q1 24 | 28.6% | 1.0% |
| Q4 25 | 1.65× | 1.91× | ||
| Q3 25 | 1.24× | 1.34× | ||
| Q2 25 | 2.06× | 0.86× | ||
| Q1 25 | 3.29× | 0.90× | ||
| Q4 24 | 1.52× | 1.85× | ||
| Q3 24 | 1.20× | 1.14× | ||
| Q2 24 | 3.57× | 1.24× | ||
| Q1 24 | 3.33× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
