Ameren vs CMS Energy
Ameren and CMS Energy are similar in size: $8.80bn and $8.54bn of revenue in their latest fiscal years. Ameren grew faster (15.4% against 13.6%). Ameren kept more of each dollar of sales as profit: a net margin of 16.5% against 12.5%. Ameren carries less debt relative to equity (149.8% against 207.1%).
| Latest fiscal year | AmerenAEE, 2025 | CMS EnergyCMS, 2025 |
|---|---|---|
| Revenue | $8.80bn | $8.54bn |
| Revenue growth | 15.4% | 13.6% |
| Net income | $1.46bn | $1.07bn |
| Operating margin | 23.0% | 20.2% |
| Net margin | 16.5% | 12.5% |
| Return on equity | 11.4% | 12.3% |
| Free cash flow | −$775m | $2.23bn |
| Cash | $13.0m | $509m |
| Total debt | $20.07bn | $18.94bn |
| Debt to equity | 149.8% | 207.1% |
| Dividend per share | $2.84 | — |
| Dividend yield | 2.6% | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $30.84bn | $22.19bn |
| Price vs our value range | — | Within our value range |
| Moat score | 41 (Weak) | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 23 sales | 2 buys, 6 sales |