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Side-by-side financial comparison of CMS Energy (CMS) and WEIBO Corp (WB). Click either name above to swap in a different company.

CMS Energy is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.7× WEIBO Corp). WEIBO Corp runs the higher net margin — 35.7% vs 13.5%, a 22.2% gap on every dollar of revenue. Over the past eight quarters, WEIBO Corp's revenue compounded faster (22.6% 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.

Weibo Corporation is a Chinese social network company known for the microblogging website Sina Weibo. It is based in Beijing, China.

CMS vs WB — Head-to-Head

Bigger by revenue
CMS
CMS
1.7× larger
CMS
$2.1B
$1.3B
WB
Higher net margin
WB
WB
22.2% more per $
WB
35.7%
13.5%
CMS
Faster 2-yr revenue CAGR
WB
WB
Annualised
WB
22.6%
-0.2%
CMS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CMS
CMS
WB
WB
Revenue
$2.1B
$1.3B
Net Profit
$289.0M
$458.3M
Gross Margin
Operating Margin
20.4%
29.1%
Net Margin
13.5%
35.7%
Revenue YoY
13.0%
Net Profit YoY
9.1%
EPS (diluted)
$0.94

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.

Revenue
CMS
CMS
WB
WB
Q4 25
$2.1B
Q3 25
$2.0B
$1.3B
Q2 25
$1.8B
$841.7M
Q1 25
$2.4B
$396.9M
Q4 24
$1.9B
Q3 24
$1.7B
$1.3B
Q2 24
$1.6B
$833.4M
Q1 24
$2.1B
$395.5M
Net Profit
CMS
CMS
WB
WB
Q4 25
$289.0M
Q3 25
$277.0M
$458.3M
Q2 25
$201.0M
$234.8M
Q1 25
$304.0M
$108.1M
Q4 24
$265.0M
Q3 24
$253.0M
$297.4M
Q2 24
$198.0M
$164.6M
Q1 24
$287.0M
$51.1M
Operating Margin
CMS
CMS
WB
WB
Q4 25
20.4%
Q3 25
24.4%
29.1%
Q2 25
17.6%
30.4%
Q1 25
20.6%
27.8%
Q4 24
22.5%
Q3 24
21.4%
29.0%
Q2 24
18.0%
28.2%
Q1 24
19.2%
25.2%
Net Margin
CMS
CMS
WB
WB
Q4 25
13.5%
Q3 25
14.0%
35.7%
Q2 25
11.2%
27.9%
Q1 25
12.7%
27.2%
Q4 24
14.0%
Q3 24
14.8%
22.9%
Q2 24
12.6%
19.8%
Q1 24
13.4%
12.9%
EPS (diluted)
CMS
CMS
WB
WB
Q4 25
$0.94
Q3 25
$0.92
Q2 25
$0.66
Q1 25
$1.01
Q4 24
$0.88
Q3 24
$0.84
Q2 24
$0.65
Q1 24
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMS
CMS
WB
WB
Cash + ST InvestmentsLiquidity on hand
$509.0M
$1.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$9.1B
$3.9B
Total Assets
$39.9B
$6.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMS
CMS
WB
WB
Q4 25
$509.0M
Q3 25
$362.0M
$1.1B
Q2 25
$844.0M
$1.2B
Q1 25
$465.0M
$1.2B
Q4 24
$103.0M
Q3 24
$412.0M
Q2 24
$699.0M
$1.9B
Q1 24
$802.0M
$2.1B
Stockholders' Equity
CMS
CMS
WB
WB
Q4 25
$9.1B
Q3 25
$8.9B
$3.9B
Q2 25
$8.4B
$3.6B
Q1 25
$8.3B
$3.5B
Q4 24
$8.2B
Q3 24
$8.1B
Q2 24
$8.0B
$3.4B
Q1 24
$7.9B
$3.3B
Total Assets
CMS
CMS
WB
WB
Q4 25
$39.9B
Q3 25
$38.0B
$6.9B
Q2 25
$37.7B
$6.5B
Q1 25
$36.3B
$6.7B
Q4 24
$35.9B
Q3 24
$34.8B
Q2 24
$34.4B
$7.1B
Q1 24
$33.9B
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMS
CMS
WB
WB
Operating Cash FlowLast quarter
$478.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMS
CMS
WB
WB
Q4 25
$478.0M
Q3 25
$343.0M
Q2 25
$414.0M
Q1 25
$1.0B
Q4 24
$403.0M
Q3 24
$304.0M
Q2 24
$707.0M
Q1 24
$956.0M
Free Cash Flow
CMS
CMS
WB
WB
Q4 25
Q3 25
$-635.0M
Q2 25
$-470.0M
Q1 25
$112.0M
Q4 24
Q3 24
$-502.0M
Q2 24
$26.0M
Q1 24
$343.0M
FCF Margin
CMS
CMS
WB
WB
Q4 25
Q3 25
-32.2%
Q2 25
-26.1%
Q1 25
4.7%
Q4 24
Q3 24
-29.3%
Q2 24
1.6%
Q1 24
16.0%
Capex Intensity
CMS
CMS
WB
WB
Q4 25
Q3 25
49.5%
Q2 25
49.2%
Q1 25
37.0%
Q4 24
Q3 24
47.1%
Q2 24
43.2%
Q1 24
28.6%
Cash Conversion
CMS
CMS
WB
WB
Q4 25
1.65×
Q3 25
1.24×
Q2 25
2.06×
Q1 25
3.29×
Q4 24
1.52×
Q3 24
1.20×
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
CMS

Electric Utility$1.3B59%
Gas Utility$803.0M38%
North Star Clean Energy$77.0M4%

WB
WB

Income from operations$373.2M29%
Shares used in computing diluted net income per share attributable to Weibos shareholders$268.1M21%
Shares used in computing basic net income per share attributable to Weibos shareholders$238.6M19%
Value-added services$186.1M14%
Less: Income tax expenses$113.2M9%
Investment related income, net$45.0M4%
Product development$16.7M1%
General and administrative$10.6M1%
Sales and marketing$7.1M1%
Accretion to redeemable non-controlling interests$3.0M0%

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