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Side-by-side financial comparison of CMS Energy (CMS) and INSPERITY, INC. (NSP). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.3× INSPERITY, INC.). On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 3.4%). Over the past eight quarters, CMS Energy's revenue compounded faster (-0.2% CAGR vs -3.8%).
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.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
CMS vs NSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.7B |
| Net Profit | $289.0M | — |
| Gross Margin | — | 10.3% |
| Operating Margin | 20.4% | -2.8% |
| Net Margin | 13.5% | — |
| Revenue YoY | 13.0% | 3.4% |
| Net Profit YoY | 9.1% | — |
| EPS (diluted) | $0.94 | $-0.87 |
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 | $1.7B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $2.1B | $1.8B |
| Q4 25 | $289.0M | — | ||
| Q3 25 | $277.0M | $-20.0M | ||
| Q2 25 | $201.0M | $-5.0M | ||
| Q1 25 | $304.0M | $51.0M | ||
| Q4 24 | $265.0M | — | ||
| Q3 24 | $253.0M | $3.0M | ||
| Q2 24 | $198.0M | $18.0M | ||
| Q1 24 | $287.0M | $79.0M |
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 20.4% | -2.8% | ||
| Q3 25 | 24.4% | -1.5% | ||
| Q2 25 | 17.6% | -0.4% | ||
| Q1 25 | 20.6% | 3.7% | ||
| Q4 24 | 22.5% | -0.9% | ||
| Q3 24 | 21.4% | 0.1% | ||
| Q2 24 | 18.0% | 1.4% | ||
| Q1 24 | 19.2% | 6.0% |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.0% | -1.2% | ||
| Q2 25 | 11.2% | -0.3% | ||
| Q1 25 | 12.7% | 2.7% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.8% | 0.2% | ||
| Q2 24 | 12.6% | 1.1% | ||
| Q1 24 | 13.4% | 4.4% |
| Q4 25 | $0.94 | $-0.87 | ||
| Q3 25 | $0.92 | $-0.53 | ||
| Q2 25 | $0.66 | $-0.14 | ||
| Q1 25 | $1.01 | $1.35 | ||
| Q4 24 | $0.88 | $-0.21 | ||
| Q3 24 | $0.84 | $0.07 | ||
| Q2 24 | $0.65 | $0.48 | ||
| Q1 24 | $0.96 | $2.08 |
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 | $682.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $46.0M |
| Total Assets | $39.9B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $682.0M | ||
| Q3 25 | $362.0M | $521.0M | ||
| Q2 25 | $844.0M | $511.0M | ||
| Q1 25 | $465.0M | $684.0M | ||
| Q4 24 | $103.0M | $1.2B | ||
| Q3 24 | $412.0M | $596.0M | ||
| Q2 24 | $699.0M | $850.0M | ||
| Q1 24 | $802.0M | $801.0M |
| Q4 25 | $9.1B | $46.0M | ||
| Q3 25 | $8.9B | $87.0M | ||
| Q2 25 | $8.4B | $112.0M | ||
| Q1 25 | $8.3B | $119.0M | ||
| Q4 24 | $8.2B | $97.0M | ||
| Q3 24 | $8.1B | $125.0M | ||
| Q2 24 | $8.0B | $142.0M | ||
| Q1 24 | $7.9B | $140.0M |
| Q4 25 | $39.9B | $2.2B | ||
| Q3 25 | $38.0B | $2.0B | ||
| Q2 25 | $37.7B | $2.0B | ||
| Q1 25 | $36.3B | $2.1B | ||
| Q4 24 | $35.9B | $2.6B | ||
| Q3 24 | $34.8B | $1.9B | ||
| Q2 24 | $34.4B | $2.1B | ||
| Q1 24 | $33.9B | $2.1B |
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 | $255.0M |
| Free Cash FlowOCF − Capex | — | $246.0M |
| FCF MarginFCF / Revenue | — | 14.7% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $255.0M | ||
| Q3 25 | $343.0M | $-11.0M | ||
| Q2 25 | $414.0M | $-79.0M | ||
| Q1 25 | $1.0B | $-443.0M | ||
| Q4 24 | $403.0M | $619.0M | ||
| Q3 24 | $304.0M | $-150.0M | ||
| Q2 24 | $707.0M | $20.0M | ||
| Q1 24 | $956.0M | $31.0M |
| Q4 25 | — | $246.0M | ||
| Q3 25 | $-635.0M | $-20.0M | ||
| Q2 25 | $-470.0M | $-86.0M | ||
| Q1 25 | $112.0M | $-449.0M | ||
| Q4 24 | — | $606.0M | ||
| Q3 24 | $-502.0M | $-164.0M | ||
| Q2 24 | $26.0M | $14.0M | ||
| Q1 24 | $343.0M | $26.0M |
| Q4 25 | — | 14.7% | ||
| Q3 25 | -32.2% | -1.2% | ||
| Q2 25 | -26.1% | -5.2% | ||
| Q1 25 | 4.7% | -24.1% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | -29.3% | -10.5% | ||
| Q2 24 | 1.6% | 0.9% | ||
| Q1 24 | 16.0% | 1.4% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 49.5% | 0.6% | ||
| Q2 25 | 49.2% | 0.4% | ||
| Q1 25 | 37.0% | 0.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 47.1% | 0.9% | ||
| Q2 24 | 43.2% | 0.4% | ||
| Q1 24 | 28.6% | 0.3% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | -8.69× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | -50.00× | ||
| Q2 24 | 3.57× | 1.11× | ||
| Q1 24 | 3.33× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
