CMS Energy Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	117,097	123,166	82,211	97,176	104,998	90,717	Upgrade
Market Cap Growth	-0.89%	49.82%	-15.40%	-7.45%	15.74%	26.54%	Upgrade
Enterprise Value	217,241	225,273	160,362	173,314	179,352	169,623	Upgrade
PE Ratio	21.19	20.05	19.32	22.23	13.98	23.14	Upgrade
PS Ratio	2.65	2.65	2.27	2.14	2.57	2.72	Upgrade
PB Ratio	2.33	2.28	2.09	2.42	2.62	2.88	Upgrade
P/OCF Ratio	10.17	8.40	7.34	21.50	10.36	13.69	Upgrade
EV/Sales Ratio	4.84	4.85	4.43	3.81	4.39	5.09	Upgrade
EV/EBITDA Ratio	12.84	13.48	13.38	13.53	14.06	14.50	Upgrade
EV/EBIT Ratio	21.09	22.00	23.36	22.94	24.55	24.23	Upgrade
EV/FCF Ratio	-27.03	-	-	-	-	-	Upgrade
Debt / Equity Ratio	1.92	1.90	1.93	1.89	1.74	2.04	Upgrade
Debt / EBITDA Ratio	5.80	5.87	6.03	5.63	5.19	5.24	Upgrade
Quick Ratio	0.43	0.33	0.40	0.58	0.63	0.29	Upgrade
Current Ratio	0.90	0.79	0.98	1.15	1.19	0.78	Upgrade
Asset Turnover	0.23	0.22	0.23	0.29	0.25	0.23	Upgrade
Return on Equity (ROE)	11.23%	11.22%	10.27%	10.95%	10.98%	12.47%	Upgrade
Return on Assets (ROA)	3.25%	2.98%	2.73%	2.97%	2.80%	2.98%	Upgrade
Return on Capital (ROIC)	4.53%	4.21%	3.87%	4.29%	4.29%	4.57%	Upgrade
Return on Capital Employed (ROCE)	5.40%	5.10%	4.60%	5.00%	4.90%	5.10%	Upgrade
Earnings Yield	4.72%	5.04%	5.24%	4.55%	7.18%	4.32%	Upgrade
FCF Yield	-6.86%	-3.25%	-5.37%	-8.26%	-1.36%	-5.92%	Upgrade
Dividend Yield	2.11%	7.27%	6.78%	5.83%	6.32%	6.21%	Upgrade
Payout Ratio	22.11%	62.41%	65.28%	64.99%	37.55%	61.59%	Upgrade
Buyback Yield / Dilution	-0.78%	-2.26%	-0.59%	-0.17%	-1.12%	-0.70%	Upgrade
Total Shareholder Return	1.32%	5.00%	6.20%	5.66%	5.21%	5.51%	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.