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Side-by-side financial comparison of CMS Energy (CMS) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× PERRIGO Co plc). CMS Energy runs the higher net margin — 13.5% vs -127.8%, a 141.3% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs -2.5%). Over the past eight quarters, PERRIGO Co plc's revenue compounded faster (1.3% 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.
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
CMS vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $289.0M | $-1.4B |
| Gross Margin | — | 32.6% |
| Operating Margin | 20.4% | -116.0% |
| Net Margin | 13.5% | -127.8% |
| Revenue YoY | 13.0% | -2.5% |
| Net Profit YoY | 9.1% | -3093.9% |
| EPS (diluted) | $0.94 | $-10.23 |
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 | $1.1B | ||
| Q3 25 | $2.0B | $1.0B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $289.0M | $-1.4B | ||
| Q3 25 | $277.0M | $7.5M | ||
| Q2 25 | $201.0M | $-8.4M | ||
| Q1 25 | $304.0M | $-6.4M | ||
| Q4 24 | $265.0M | $-44.4M | ||
| Q3 24 | $253.0M | $-21.0M | ||
| Q2 24 | $198.0M | $-108.4M | ||
| Q1 24 | $287.0M | $2.0M |
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 36.1% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 37.2% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | — | 33.1% |
| Q4 25 | 20.4% | -116.0% | ||
| Q3 25 | 24.4% | 7.0% | ||
| Q2 25 | 17.6% | 4.3% | ||
| Q1 25 | 20.6% | 4.5% | ||
| Q4 24 | 22.5% | 10.0% | ||
| Q3 24 | 21.4% | 7.4% | ||
| Q2 24 | 18.0% | -2.5% | ||
| Q1 24 | 19.2% | -5.1% |
| Q4 25 | 13.5% | -127.8% | ||
| Q3 25 | 14.0% | 0.7% | ||
| Q2 25 | 11.2% | -0.8% | ||
| Q1 25 | 12.7% | -0.6% | ||
| Q4 24 | 14.0% | -3.9% | ||
| Q3 24 | 14.8% | -1.9% | ||
| Q2 24 | 12.6% | -10.2% | ||
| Q1 24 | 13.4% | 0.2% |
| Q4 25 | $0.94 | $-10.23 | ||
| Q3 25 | $0.92 | $0.05 | ||
| Q2 25 | $0.66 | $-0.06 | ||
| Q1 25 | $1.01 | $-0.05 | ||
| Q4 24 | $0.88 | $-0.32 | ||
| Q3 24 | $0.84 | $-0.15 | ||
| Q2 24 | $0.65 | $-0.79 | ||
| Q1 24 | $0.96 | $0.01 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $2.9B |
| Total Assets | $39.9B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | $432.1M | ||
| Q2 25 | $844.0M | $454.2M | ||
| Q1 25 | $465.0M | $409.9M | ||
| Q4 24 | $103.0M | $558.8M | ||
| Q3 24 | $412.0M | $1.5B | ||
| Q2 24 | $699.0M | $542.8M | ||
| Q1 24 | $802.0M | $658.5M |
| Q4 25 | $9.1B | $2.9B | ||
| Q3 25 | $8.9B | $4.4B | ||
| Q2 25 | $8.4B | $4.5B | ||
| Q1 25 | $8.3B | $4.4B | ||
| Q4 24 | $8.2B | $4.3B | ||
| Q3 24 | $8.1B | $4.6B | ||
| Q2 24 | $8.0B | $4.5B | ||
| Q1 24 | $7.9B | $4.7B |
| Q4 25 | $39.9B | $8.5B | ||
| Q3 25 | $38.0B | $10.1B | ||
| Q2 25 | $37.7B | $10.1B | ||
| Q1 25 | $36.3B | $9.8B | ||
| Q4 24 | $35.9B | $9.6B | ||
| Q3 24 | $34.8B | $11.2B | ||
| Q2 24 | $34.4B | $10.4B | ||
| Q1 24 | $33.9B | $10.6B |
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 | $175.4M |
| Free Cash FlowOCF − Capex | — | $148.6M |
| FCF MarginFCF / Revenue | — | 13.4% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $175.4M | ||
| Q3 25 | $343.0M | $51.7M | ||
| Q2 25 | $414.0M | $75.9M | ||
| Q1 25 | $1.0B | $-64.5M | ||
| Q4 24 | $403.0M | $312.6M | ||
| Q3 24 | $304.0M | $42.2M | ||
| Q2 24 | $707.0M | $9.5M | ||
| Q1 24 | $956.0M | $-1.4M |
| Q4 25 | — | $148.6M | ||
| Q3 25 | $-635.0M | $29.8M | ||
| Q2 25 | $-470.0M | $56.7M | ||
| Q1 25 | $112.0M | $-90.0M | ||
| Q4 24 | — | $274.9M | ||
| Q3 24 | $-502.0M | $15.1M | ||
| Q2 24 | $26.0M | $-18.9M | ||
| Q1 24 | $343.0M | $-26.5M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | -32.2% | 2.9% | ||
| Q2 25 | -26.1% | 5.4% | ||
| Q1 25 | 4.7% | -8.6% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | -29.3% | 1.4% | ||
| Q2 24 | 1.6% | -1.8% | ||
| Q1 24 | 16.0% | -2.4% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | 49.5% | 2.1% | ||
| Q2 25 | 49.2% | 1.8% | ||
| Q1 25 | 37.0% | 2.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 47.1% | 2.5% | ||
| Q2 24 | 43.2% | 2.7% | ||
| Q1 24 | 28.6% | 2.3% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | 6.89× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
