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Side-by-side financial comparison of CMS Energy (CMS) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $2.1B, roughly 1.8× CMS Energy). CMS Energy runs the higher net margin — 13.5% vs 1.4%, a 12.2% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 0.1%). Over the past eight quarters, Stanley Black & Decker's revenue compounded faster (0.3% 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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
CMS vs SWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.8B |
| Net Profit | $289.0M | $51.4M |
| Gross Margin | — | 31.4% |
| Operating Margin | 20.4% | — |
| Net Margin | 13.5% | 1.4% |
| Revenue YoY | 13.0% | 0.1% |
| Net Profit YoY | 9.1% | -43.6% |
| EPS (diluted) | $0.94 | $0.34 |
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 | — | ||
| Q3 25 | $2.0B | $3.8B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $1.9B | $3.7B | ||
| Q3 24 | $1.7B | $3.8B | ||
| Q2 24 | $1.6B | $4.0B | ||
| Q1 24 | $2.1B | $3.9B |
| Q4 25 | $289.0M | — | ||
| Q3 25 | $277.0M | $51.4M | ||
| Q2 25 | $201.0M | $101.9M | ||
| Q1 25 | $304.0M | $90.4M | ||
| Q4 24 | $265.0M | $194.9M | ||
| Q3 24 | $253.0M | $91.1M | ||
| Q2 24 | $198.0M | $-11.2M | ||
| Q1 24 | $287.0M | $19.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | 20.4% | — | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 22.5% | 3.4% | ||
| Q3 24 | 21.4% | 10.6% | ||
| Q2 24 | 18.0% | 9.5% | ||
| Q1 24 | 19.2% | 8.3% |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.0% | 1.4% | ||
| Q2 25 | 11.2% | 2.6% | ||
| Q1 25 | 12.7% | 2.4% | ||
| Q4 24 | 14.0% | 5.2% | ||
| Q3 24 | 14.8% | 2.4% | ||
| Q2 24 | 12.6% | -0.3% | ||
| Q1 24 | 13.4% | 0.5% |
| Q4 25 | $0.94 | — | ||
| Q3 25 | $0.92 | $0.34 | ||
| Q2 25 | $0.66 | $0.67 | ||
| Q1 25 | $1.01 | $0.60 | ||
| Q4 24 | $0.88 | $1.29 | ||
| Q3 24 | $0.84 | $0.60 | ||
| Q2 24 | $0.65 | $-0.07 | ||
| Q1 24 | $0.96 | $0.13 |
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 | $268.3M |
| Total DebtLower is stronger | — | $5.3B |
| Stockholders' EquityBook value | $9.1B | $9.0B |
| Total Assets | $39.9B | $21.8B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | $268.3M | ||
| Q2 25 | $844.0M | $311.8M | ||
| Q1 25 | $465.0M | $344.8M | ||
| Q4 24 | $103.0M | $290.5M | ||
| Q3 24 | $412.0M | $298.7M | ||
| Q2 24 | $699.0M | $318.5M | ||
| Q1 24 | $802.0M | $476.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $9.0B | ||
| Q2 25 | $8.4B | $9.1B | ||
| Q1 25 | $8.3B | $8.8B | ||
| Q4 24 | $8.2B | $8.7B | ||
| Q3 24 | $8.1B | $8.9B | ||
| Q2 24 | $8.0B | $8.7B | ||
| Q1 24 | $7.9B | $8.9B |
| Q4 25 | $39.9B | — | ||
| Q3 25 | $38.0B | $21.8B | ||
| Q2 25 | $37.7B | $22.5B | ||
| Q1 25 | $36.3B | $22.5B | ||
| Q4 24 | $35.9B | $21.8B | ||
| Q3 24 | $34.8B | $22.5B | ||
| Q2 24 | $34.4B | $22.5B | ||
| Q1 24 | $33.9B | $23.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| Free Cash FlowOCF − Capex | — | $155.3M |
| FCF MarginFCF / Revenue | — | 4.1% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 1.65× | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | — | ||
| Q3 25 | $343.0M | $221.2M | ||
| Q2 25 | $414.0M | $214.3M | ||
| Q1 25 | $1.0B | $-420.0M | ||
| Q4 24 | $403.0M | $679.1M | ||
| Q3 24 | $304.0M | $285.8M | ||
| Q2 24 | $707.0M | $573.0M | ||
| Q1 24 | $956.0M | $-431.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-635.0M | $155.3M | ||
| Q2 25 | $-470.0M | $134.7M | ||
| Q1 25 | $112.0M | $-485.0M | ||
| Q4 24 | — | $564.6M | ||
| Q3 24 | $-502.0M | $199.3M | ||
| Q2 24 | $26.0M | $485.8M | ||
| Q1 24 | $343.0M | $-496.7M |
| Q4 25 | — | — | ||
| Q3 25 | -32.2% | 4.1% | ||
| Q2 25 | -26.1% | 3.4% | ||
| Q1 25 | 4.7% | -13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | -29.3% | 5.3% | ||
| Q2 24 | 1.6% | 12.1% | ||
| Q1 24 | 16.0% | -12.8% |
| Q4 25 | — | — | ||
| Q3 25 | 49.5% | 1.8% | ||
| Q2 25 | 49.2% | 2.0% | ||
| Q1 25 | 37.0% | 1.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 47.1% | 2.3% | ||
| Q2 24 | 43.2% | 2.2% | ||
| Q1 24 | 28.6% | 1.7% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | 4.30× | ||
| Q2 25 | 2.06× | 2.10× | ||
| Q1 25 | 3.29× | -4.65× | ||
| Q4 24 | 1.52× | 3.48× | ||
| Q3 24 | 1.20× | 3.14× | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
