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Side-by-side financial comparison of CMS Energy (CMS) and V F CORP (VFC). Click either name above to swap in a different company.
V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.1B, roughly 1.3× CMS Energy). CMS Energy runs the higher net margin — 13.5% vs 10.5%, a 3.1% gap on every dollar of revenue. On growth, CMS Energy posted the faster year-over-year revenue change (13.0% vs 1.5%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
CMS vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.9B |
| Net Profit | $289.0M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | 20.4% | 10.1% |
| Net Margin | 13.5% | 10.5% |
| Revenue YoY | 13.0% | 1.5% |
| Net Profit YoY | 9.1% | 79.3% |
| EPS (diluted) | $0.94 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.7B | $2.8B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $2.1B | $2.4B |
| Q4 25 | $289.0M | $300.8M | ||
| Q3 25 | $277.0M | $189.8M | ||
| Q2 25 | $201.0M | $-116.4M | ||
| Q1 25 | $304.0M | $-150.8M | ||
| Q4 24 | $265.0M | $167.8M | ||
| Q3 24 | $253.0M | $52.2M | ||
| Q2 24 | $198.0M | $-258.9M | ||
| Q1 24 | $287.0M | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 20.4% | 10.1% | ||
| Q3 25 | 24.4% | 11.2% | ||
| Q2 25 | 17.6% | -4.9% | ||
| Q1 25 | 20.6% | 2.2% | ||
| Q4 24 | 22.5% | 8.0% | ||
| Q3 24 | 21.4% | 9.9% | ||
| Q2 24 | 18.0% | -12.6% | ||
| Q1 24 | 19.2% | -15.0% |
| Q4 25 | 13.5% | 10.5% | ||
| Q3 25 | 14.0% | 6.8% | ||
| Q2 25 | 11.2% | -6.6% | ||
| Q1 25 | 12.7% | -7.5% | ||
| Q4 24 | 14.0% | 5.9% | ||
| Q3 24 | 14.8% | 1.9% | ||
| Q2 24 | 12.6% | -13.6% | ||
| Q1 24 | 13.4% | -17.6% |
| Q4 25 | $0.94 | $0.76 | ||
| Q3 25 | $0.92 | $0.48 | ||
| Q2 25 | $0.66 | $-0.30 | ||
| Q1 25 | $1.01 | $-0.37 | ||
| Q4 24 | $0.88 | $0.43 | ||
| Q3 24 | $0.84 | $0.13 | ||
| Q2 24 | $0.65 | $-0.67 | ||
| Q1 24 | $0.96 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $9.1B | $1.8B |
| Total Assets | $39.9B | $10.4B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $509.0M | $1.5B | ||
| Q3 25 | $362.0M | $419.1M | ||
| Q2 25 | $844.0M | $642.4M | ||
| Q1 25 | $465.0M | $429.4M | ||
| Q4 24 | $103.0M | $1.4B | ||
| Q3 24 | $412.0M | $492.2M | ||
| Q2 24 | $699.0M | $637.4M | ||
| Q1 24 | $802.0M | $674.6M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.7B |
| Q4 25 | $9.1B | $1.8B | ||
| Q3 25 | $8.9B | $1.5B | ||
| Q2 25 | $8.4B | $1.3B | ||
| Q1 25 | $8.3B | $1.5B | ||
| Q4 24 | $8.2B | $1.7B | ||
| Q3 24 | $8.1B | $1.4B | ||
| Q2 24 | $8.0B | $1.4B | ||
| Q1 24 | $7.9B | $1.7B |
| Q4 25 | $39.9B | $10.4B | ||
| Q3 25 | $38.0B | $10.6B | ||
| Q2 25 | $37.7B | $10.2B | ||
| Q1 25 | $36.3B | $9.4B | ||
| Q4 24 | $35.9B | $10.6B | ||
| Q3 24 | $34.8B | $12.2B | ||
| Q2 24 | $34.4B | $11.5B | ||
| Q1 24 | $33.9B | $11.6B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 1.65× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $478.0M | $1.0B | ||
| Q3 25 | $343.0M | $-227.0M | ||
| Q2 25 | $414.0M | $-145.5M | ||
| Q1 25 | $1.0B | $-171.1M | ||
| Q4 24 | $403.0M | $918.1M | ||
| Q3 24 | $304.0M | $-301.6M | ||
| Q2 24 | $707.0M | $19.8M | ||
| Q1 24 | $956.0M | — |
| Q4 25 | — | $977.9M | ||
| Q3 25 | $-635.0M | $-253.5M | ||
| Q2 25 | $-470.0M | $-173.7M | ||
| Q1 25 | $112.0M | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | $-502.0M | $-322.4M | ||
| Q2 24 | $26.0M | $-5.4M | ||
| Q1 24 | $343.0M | — |
| Q4 25 | — | 34.0% | ||
| Q3 25 | -32.2% | -9.0% | ||
| Q2 25 | -26.1% | -9.9% | ||
| Q1 25 | 4.7% | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | -29.3% | -11.7% | ||
| Q2 24 | 1.6% | -0.3% | ||
| Q1 24 | 16.0% | — |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 49.5% | 0.9% | ||
| Q2 25 | 49.2% | 1.6% | ||
| Q1 25 | 37.0% | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 47.1% | 0.8% | ||
| Q2 24 | 43.2% | 1.3% | ||
| Q1 24 | 28.6% | — |
| Q4 25 | 1.65× | 3.36× | ||
| Q3 25 | 1.24× | -1.20× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 1.52× | 5.47× | ||
| Q3 24 | 1.20× | -5.78× | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
