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Side-by-side financial comparison of CMS Energy (CMS) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.
CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.8× UPBOUND GROUP, INC.). CMS Energy runs the higher net margin — 13.5% vs 1.7%, a 11.9% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 10.9%). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
CMS vs UPBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $289.0M | $19.7M |
| Gross Margin | — | 49.0% |
| Operating Margin | 20.4% | 4.8% |
| Net Margin | 13.5% | 1.7% |
| Revenue YoY | 13.0% | 10.9% |
| Net Profit YoY | 9.1% | -36.3% |
| EPS (diluted) | $0.94 | $0.35 |
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 | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $2.4B | $1.2B | ||
| 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 | $19.7M | ||
| Q3 25 | $277.0M | $13.2M | ||
| Q2 25 | $201.0M | $15.5M | ||
| Q1 25 | $304.0M | $24.8M | ||
| Q4 24 | $265.0M | $31.0M | ||
| Q3 24 | $253.0M | $30.9M | ||
| Q2 24 | $198.0M | $33.9M | ||
| Q1 24 | $287.0M | $27.7M |
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 48.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 47.1% | ||
| Q3 24 | — | 47.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | 20.4% | 4.8% | ||
| Q3 25 | 24.4% | 4.5% | ||
| Q2 25 | 17.6% | 4.4% | ||
| Q1 25 | 20.6% | 5.3% | ||
| Q4 24 | 22.5% | 7.3% | ||
| Q3 24 | 21.4% | 6.6% | ||
| Q2 24 | 18.0% | 7.5% | ||
| Q1 24 | 19.2% | 5.6% |
| Q4 25 | 13.5% | 1.7% | ||
| Q3 25 | 14.0% | 1.1% | ||
| Q2 25 | 11.2% | 1.3% | ||
| Q1 25 | 12.7% | 2.1% | ||
| Q4 24 | 14.0% | 2.9% | ||
| Q3 24 | 14.8% | 2.9% | ||
| Q2 24 | 12.6% | 3.2% | ||
| Q1 24 | 13.4% | 2.5% |
| Q4 25 | $0.94 | $0.35 | ||
| Q3 25 | $0.92 | $0.22 | ||
| Q2 25 | $0.66 | $0.26 | ||
| Q1 25 | $1.01 | $0.42 | ||
| Q4 24 | $0.88 | $0.55 | ||
| Q3 24 | $0.84 | $0.55 | ||
| Q2 24 | $0.65 | $0.61 | ||
| Q1 24 | $0.96 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.1B | $695.7M |
| Total Assets | $39.9B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $120.5M | ||
| Q3 25 | $362.0M | $107.0M | ||
| Q2 25 | $844.0M | $106.8M | ||
| Q1 25 | $465.0M | $107.3M | ||
| Q4 24 | $103.0M | $60.9M | ||
| Q3 24 | $412.0M | $85.1M | ||
| Q2 24 | $699.0M | $82.5M | ||
| Q1 24 | $802.0M | $84.8M |
| Q4 25 | $9.1B | $695.7M | ||
| Q3 25 | $8.9B | $687.3M | ||
| Q2 25 | $8.4B | $685.5M | ||
| Q1 25 | $8.3B | $679.2M | ||
| Q4 24 | $8.2B | $629.0M | ||
| Q3 24 | $8.1B | $611.8M | ||
| Q2 24 | $8.0B | $596.3M | ||
| Q1 24 | $7.9B | $578.3M |
| Q4 25 | $39.9B | $3.3B | ||
| Q3 25 | $38.0B | $3.2B | ||
| Q2 25 | $37.7B | $3.1B | ||
| Q1 25 | $36.3B | $3.0B | ||
| Q4 24 | $35.9B | $2.6B | ||
| Q3 24 | $34.8B | $2.6B | ||
| Q2 24 | $34.4B | $2.6B | ||
| Q1 24 | $33.9B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | — | $24.0M |
| FCF MarginFCF / Revenue | — | 2.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.65× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $41.6M | ||
| Q3 25 | $343.0M | $118.4M | ||
| Q2 25 | $414.0M | $7.8M | ||
| Q1 25 | $1.0B | $137.7M | ||
| Q4 24 | $403.0M | $-61.9M | ||
| Q3 24 | $304.0M | $106.2M | ||
| Q2 24 | $707.0M | $15.0M | ||
| Q1 24 | $956.0M | $45.4M |
| Q4 25 | — | $24.0M | ||
| Q3 25 | $-635.0M | $97.9M | ||
| Q2 25 | $-470.0M | $-10.4M | ||
| Q1 25 | $112.0M | $127.2M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | $-502.0M | $88.3M | ||
| Q2 24 | $26.0M | $613.0K | ||
| Q1 24 | $343.0M | $33.6M |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -32.2% | 8.4% | ||
| Q2 25 | -26.1% | -0.9% | ||
| Q1 25 | 4.7% | 10.8% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | -29.3% | 8.3% | ||
| Q2 24 | 1.6% | 0.1% | ||
| Q1 24 | 16.0% | 3.1% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 49.5% | 1.8% | ||
| Q2 25 | 49.2% | 1.6% | ||
| Q1 25 | 37.0% | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 47.1% | 1.7% | ||
| Q2 24 | 43.2% | 1.3% | ||
| Q1 24 | 28.6% | 1.1% |
| Q4 25 | 1.65× | 2.11× | ||
| Q3 25 | 1.24× | 8.96× | ||
| Q2 25 | 2.06× | 0.50× | ||
| Q1 25 | 3.29× | 5.56× | ||
| Q4 24 | 1.52× | -2.00× | ||
| Q3 24 | 1.20× | 3.44× | ||
| Q2 24 | 3.57× | 0.44× | ||
| Q1 24 | 3.33× | 1.64× |
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% |
UPBD
Segment breakdown not available.
