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Side-by-side financial comparison of CMS Energy (CMS) and PINTEREST, INC. (PINS). 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× PINTEREST, INC.). PINTEREST, INC. runs the higher net margin — 21.0% vs 13.5%, a 7.5% gap on every dollar of revenue. On growth, PINTEREST, INC. posted the faster year-over-year revenue change (14.3% vs 13.0%). Over the past eight quarters, PINTEREST, INC.'s revenue compounded faster (33.5% 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.

Pinterest is an American social media service for publishing and discovery of information in the form of digital pinboards. This includes recipes, home, style, motivation, and inspiration on the Internet using image sharing. Pinterest, Inc. was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp, and is headquartered in San Francisco.

CMS vs PINS — Head-to-Head

Bigger by revenue
CMS
CMS
1.6× larger
CMS
$2.1B
$1.3B
PINS
Growing faster (revenue YoY)
PINS
PINS
+1.3% gap
PINS
14.3%
13.0%
CMS
Higher net margin
PINS
PINS
7.5% more per $
PINS
21.0%
13.5%
CMS
Faster 2-yr revenue CAGR
PINS
PINS
Annualised
PINS
33.5%
-0.2%
CMS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMS
CMS
PINS
PINS
Revenue
$2.1B
$1.3B
Net Profit
$289.0M
$277.1M
Gross Margin
82.8%
Operating Margin
20.4%
22.8%
Net Margin
13.5%
21.0%
Revenue YoY
13.0%
14.3%
Net Profit YoY
9.1%
-85.0%
EPS (diluted)
$0.94
$0.41

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
PINS
PINS
Q4 25
$2.1B
$1.3B
Q3 25
$2.0B
$1.0B
Q2 25
$1.8B
$998.2M
Q1 25
$2.4B
$855.0M
Q4 24
$1.9B
$1.2B
Q3 24
$1.7B
$898.4M
Q2 24
$1.6B
$853.7M
Q1 24
$2.1B
$740.0M
Net Profit
CMS
CMS
PINS
PINS
Q4 25
$289.0M
$277.1M
Q3 25
$277.0M
$92.1M
Q2 25
$201.0M
$38.8M
Q1 25
$304.0M
$8.9M
Q4 24
$265.0M
$1.8B
Q3 24
$253.0M
$30.6M
Q2 24
$198.0M
$8.9M
Q1 24
$287.0M
$-24.8M
Gross Margin
CMS
CMS
PINS
PINS
Q4 25
82.8%
Q3 25
79.8%
Q2 25
79.7%
Q1 25
76.7%
Q4 24
82.9%
Q3 24
79.1%
Q2 24
78.3%
Q1 24
75.5%
Operating Margin
CMS
CMS
PINS
PINS
Q4 25
20.4%
22.8%
Q3 25
24.4%
5.6%
Q2 25
17.6%
-0.4%
Q1 25
20.6%
-4.1%
Q4 24
22.5%
22.7%
Q3 24
21.4%
-0.7%
Q2 24
18.0%
-2.5%
Q1 24
19.2%
-7.4%
Net Margin
CMS
CMS
PINS
PINS
Q4 25
13.5%
21.0%
Q3 25
14.0%
8.8%
Q2 25
11.2%
3.9%
Q1 25
12.7%
1.0%
Q4 24
14.0%
160.1%
Q3 24
14.8%
3.4%
Q2 24
12.6%
1.0%
Q1 24
13.4%
-3.4%
EPS (diluted)
CMS
CMS
PINS
PINS
Q4 25
$0.94
$0.41
Q3 25
$0.92
$0.13
Q2 25
$0.66
$0.06
Q1 25
$1.01
$0.01
Q4 24
$0.88
$2.66
Q3 24
$0.84
$0.04
Q2 24
$0.65
$0.01
Q1 24
$0.96
$-0.04

Balance Sheet & Financial Strength

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

Metric
CMS
CMS
PINS
PINS
Cash + ST InvestmentsLiquidity on hand
$509.0M
$969.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.1B
$4.7B
Total Assets
$39.9B
$5.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMS
CMS
PINS
PINS
Q4 25
$509.0M
$969.3M
Q3 25
$362.0M
$1.1B
Q2 25
$844.0M
$1.2B
Q1 25
$465.0M
$1.3B
Q4 24
$103.0M
$1.1B
Q3 24
$412.0M
$1.0B
Q2 24
$699.0M
$1.4B
Q1 24
$802.0M
$1.6B
Stockholders' Equity
CMS
CMS
PINS
PINS
Q4 25
$9.1B
$4.7B
Q3 25
$8.9B
$4.8B
Q2 25
$8.4B
$4.8B
Q1 25
$8.3B
$4.7B
Q4 24
$8.2B
$4.8B
Q3 24
$8.1B
$2.9B
Q2 24
$8.0B
$3.2B
Q1 24
$7.9B
$3.1B
Total Assets
CMS
CMS
PINS
PINS
Q4 25
$39.9B
$5.5B
Q3 25
$38.0B
$5.5B
Q2 25
$37.7B
$5.4B
Q1 25
$36.3B
$5.3B
Q4 24
$35.9B
$5.3B
Q3 24
$34.8B
$3.5B
Q2 24
$34.4B
$3.7B
Q1 24
$33.9B
$3.7B

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
PINS
PINS
Operating Cash FlowLast quarter
$478.0M
$391.2M
Free Cash FlowOCF − Capex
$380.4M
FCF MarginFCF / Revenue
28.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.65×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMS
CMS
PINS
PINS
Q4 25
$478.0M
$391.2M
Q3 25
$343.0M
$321.7M
Q2 25
$414.0M
$207.7M
Q1 25
$1.0B
$363.7M
Q4 24
$403.0M
$254.0M
Q3 24
$304.0M
$248.0M
Q2 24
$707.0M
$106.4M
Q1 24
$956.0M
$356.1M
Free Cash Flow
CMS
CMS
PINS
PINS
Q4 25
$380.4M
Q3 25
$-635.0M
$318.4M
Q2 25
$-470.0M
$196.7M
Q1 25
$112.0M
$356.4M
Q4 24
$250.2M
Q3 24
$-502.0M
$244.1M
Q2 24
$26.0M
$101.6M
Q1 24
$343.0M
$344.0M
FCF Margin
CMS
CMS
PINS
PINS
Q4 25
28.8%
Q3 25
-32.2%
30.3%
Q2 25
-26.1%
19.7%
Q1 25
4.7%
41.7%
Q4 24
21.7%
Q3 24
-29.3%
27.2%
Q2 24
1.6%
11.9%
Q1 24
16.0%
46.5%
Capex Intensity
CMS
CMS
PINS
PINS
Q4 25
0.8%
Q3 25
49.5%
0.3%
Q2 25
49.2%
1.1%
Q1 25
37.0%
0.9%
Q4 24
0.3%
Q3 24
47.1%
0.4%
Q2 24
43.2%
0.6%
Q1 24
28.6%
1.6%
Cash Conversion
CMS
CMS
PINS
PINS
Q4 25
1.65×
1.41×
Q3 25
1.24×
3.49×
Q2 25
2.06×
5.36×
Q1 25
3.29×
40.77×
Q4 24
1.52×
0.14×
Q3 24
1.20×
8.12×
Q2 24
3.57×
11.98×
Q1 24
3.33×

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%

PINS
PINS

United States And Canada$944.3M72%
Other$375.0M28%

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