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Side-by-side financial comparison of CMS Energy (CMS) and PRICESMART INC (PSMT). 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× PRICESMART INC). CMS Energy runs the higher net margin — 13.5% vs 2.9%, a 10.6% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 9.9%). Over the past eight quarters, PRICESMART INC's revenue compounded faster (3.5% 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.
PRICESMART INCPSMTEarnings & Financial Report
PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.
CMS vs PSMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.4B |
| Net Profit | $289.0M | $40.2M |
| Gross Margin | — | 17.7% |
| Operating Margin | 20.4% | 4.6% |
| Net Margin | 13.5% | 2.9% |
| Revenue YoY | 13.0% | 9.9% |
| Net Profit YoY | 9.1% | 7.3% |
| EPS (diluted) | $0.94 | $1.29 |
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 | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | $289.0M | $40.2M | ||
| Q3 25 | $277.0M | $31.5M | ||
| Q2 25 | $201.0M | $35.2M | ||
| Q1 25 | $304.0M | $43.8M | ||
| Q4 24 | $265.0M | $37.4M | ||
| Q3 24 | $253.0M | $29.1M | ||
| Q2 24 | $198.0M | $32.5M | ||
| Q1 24 | $287.0M | $39.3M |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 20.4% | 4.6% | ||
| Q3 25 | 24.4% | 4.0% | ||
| Q2 25 | 17.6% | 4.3% | ||
| Q1 25 | 20.6% | 4.8% | ||
| Q4 24 | 22.5% | 4.6% | ||
| Q3 24 | 21.4% | 4.0% | ||
| Q2 24 | 18.0% | 4.1% | ||
| Q1 24 | 19.2% | 4.9% |
| Q4 25 | 13.5% | 2.9% | ||
| Q3 25 | 14.0% | 2.4% | ||
| Q2 25 | 11.2% | 2.7% | ||
| Q1 25 | 12.7% | 3.2% | ||
| Q4 24 | 14.0% | 3.0% | ||
| Q3 24 | 14.8% | 2.4% | ||
| Q2 24 | 12.6% | 2.6% | ||
| Q1 24 | 13.4% | 3.0% |
| Q4 25 | $0.94 | $1.29 | ||
| Q3 25 | $0.92 | $1.02 | ||
| Q2 25 | $0.66 | $1.14 | ||
| Q1 25 | $1.01 | $1.45 | ||
| Q4 24 | $0.88 | $1.21 | ||
| Q3 24 | $0.84 | $0.94 | ||
| Q2 24 | $0.65 | $1.08 | ||
| Q1 24 | $0.96 | $1.31 |
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 | $320.6M |
| Total DebtLower is stronger | — | $180.3M |
| Stockholders' EquityBook value | $9.1B | $1.3B |
| Total Assets | $39.9B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $320.6M | ||
| Q3 25 | $362.0M | $314.2M | ||
| Q2 25 | $844.0M | $262.4M | ||
| Q1 25 | $465.0M | $247.3M | ||
| Q4 24 | $103.0M | $222.2M | ||
| Q3 24 | $412.0M | $225.5M | ||
| Q2 24 | $699.0M | $228.2M | ||
| Q1 24 | $802.0M | $264.2M |
| Q4 25 | — | $180.3M | ||
| Q3 25 | — | $186.6M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $107.1M | ||
| Q4 24 | — | $115.6M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $135.1M | ||
| Q1 24 | — | $140.0M |
| Q4 25 | $9.1B | $1.3B | ||
| Q3 25 | $8.9B | $1.2B | ||
| Q2 25 | $8.4B | $1.2B | ||
| Q1 25 | $8.3B | $1.2B | ||
| Q4 24 | $8.2B | $1.2B | ||
| Q3 24 | $8.1B | $1.1B | ||
| Q2 24 | $8.0B | $1.1B | ||
| Q1 24 | $7.9B | $1.1B |
| Q4 25 | $39.9B | $2.4B | ||
| Q3 25 | $38.0B | $2.3B | ||
| Q2 25 | $37.7B | $2.1B | ||
| Q1 25 | $36.3B | $2.1B | ||
| Q4 24 | $35.9B | $2.1B | ||
| Q3 24 | $34.8B | $2.0B | ||
| Q2 24 | $34.4B | $2.0B | ||
| Q1 24 | $33.9B | $2.0B |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
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 | $71.2M |
| Free Cash FlowOCF − Capex | — | $32.6M |
| FCF MarginFCF / Revenue | — | 2.4% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $71.2M | ||
| Q3 25 | $343.0M | $82.1M | ||
| Q2 25 | $414.0M | $52.8M | ||
| Q1 25 | $1.0B | $87.9M | ||
| Q4 24 | $403.0M | $38.5M | ||
| Q3 24 | $304.0M | $41.8M | ||
| Q2 24 | $707.0M | $38.1M | ||
| Q1 24 | $956.0M | $86.6M |
| Q4 25 | — | $32.6M | ||
| Q3 25 | $-635.0M | $25.6M | ||
| Q2 25 | $-470.0M | $14.0M | ||
| Q1 25 | $112.0M | $53.2M | ||
| Q4 24 | — | $10.3M | ||
| Q3 24 | $-502.0M | $15.2M | ||
| Q2 24 | $26.0M | $-308.0K | ||
| Q1 24 | $343.0M | $16.4M |
| Q4 25 | — | 2.4% | ||
| Q3 25 | -32.2% | 1.9% | ||
| Q2 25 | -26.1% | 1.1% | ||
| Q1 25 | 4.7% | 3.9% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | -29.3% | 1.2% | ||
| Q2 24 | 1.6% | -0.0% | ||
| Q1 24 | 16.0% | 1.3% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | 49.5% | 4.2% | ||
| Q2 25 | 49.2% | 2.9% | ||
| Q1 25 | 37.0% | 2.5% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 47.1% | 2.2% | ||
| Q2 24 | 43.2% | 3.1% | ||
| Q1 24 | 28.6% | 5.4% |
| Q4 25 | 1.65× | 1.77× | ||
| Q3 25 | 1.24× | 2.60× | ||
| Q2 25 | 2.06× | 1.50× | ||
| Q1 25 | 3.29× | 2.01× | ||
| Q4 24 | 1.52× | 1.03× | ||
| Q3 24 | 1.20× | 1.44× | ||
| Q2 24 | 3.57× | 1.17× | ||
| Q1 24 | 3.33× | 2.20× |
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% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
