Is CMS ENERGY CORP (CMS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 79.9% / 30% | 2.2% / 30% | 5.6% / 30% | 0.55% / 5% | ✗ NOT HALAL |
| DJIM | 79.9% / 33% | 2.2% / 33% | 5.6% / 33% | 0.55% / 5% | ✗ NOT HALAL |
| MSCI | 47.3% / 33% | 1.3% / 33% | 3.3% / 33% | 0.55% / 5% | ✗ NOT HALAL |
| S&P | 79.9% / 33% | 2.2% / 33% | 5.6% / 33% | 0.55% / 5% | ✗ NOT HALAL |
| FTSE | 47.3% / 33% | 1.3% / 33% | 3.3% / 50% | 0.55% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 41.5% | |
| Operating Margin | 21.7% | |
| Net Margin | 12.5% | |
| Return on Equity (ROE) | 10.9% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.2B |
| Free Cash Flow | -$1.8B |
| Total Debt | $18.9B |
| Debt-to-Equity | 194.9 |
| Current Ratio | 1.0 |
| Total Assets | $39.9B |
Price & Trading
| Last Close | $76.33 |
| 50-Day MA | $74.83 |
| 200-Day MA | $72.64 |
| Avg Volume | 3.0M |
| Beta | 0.4 |
|
52-Week Range
$67.71
| |
About CMS ENERGY CORP (CMS)
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
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Frequently Asked Questions
Is CMS ENERGY CORP (CMS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CMS ENERGY CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CMS ENERGY CORP's debt ratio?
CMS ENERGY CORP's debt ratio is 79.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 47.3%.
What are CMS ENERGY CORP's key financial metrics?
CMS ENERGY CORP has a market capitalization of $23.5B, trailing P/E ratio of 21.6, and revenue of $8.5B. The company maintains a gross margin of 41.5% and a net margin of 12.5%. Return on equity stands at 10.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.