CMS Energy Corporation (CMS)
NYSE: CMS · Real-Time Price · USD
72.57
-0.60 (-0.82%)
May 29, 2026, 4:00 PM EDT - Market closed
CMS Energy Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 8,822 | 8,539 | 7,515 | 7,462 | 8,596 | 7,329 | |
Revenue Growth (YoY) | 13.31% | 13.63% | 0.71% | -13.19% | 17.29% | 14.19% |
Fuel and Purchased Power Expense | 3,255 | 3,266 | 2,668 | 2,913 | 4,165 | 3,070 |
Operations and Maintenance Expenses | 1,770 | 1,727 | 1,638 | 1,687 | 1,669 | 1,610 |
Gross Profit | 3,797 | 3,546 | 3,209 | 2,862 | 2,762 | 2,649 |
Depreciation & Amortization Expenses | 1,330 | 1,306 | 1,240 | 1,180 | 1,126 | 1,114 |
Taxes Other than Income Tax | 524 | 513 | 482 | 447 | 412 | 389 |
Operating Income | 1,723 | 1,727 | 1,487 | 1,235 | 1,224 | 1,146 |
Interest Expense | -816 | -789 | -720 | -625 | -499 | -482 |
Other Non-Operating Income (Expense) | 335 | 310 | 344 | 362 | 197 | 177 |
Total Non-Operating Income (Expense) | -471 | -479 | -364 | -281 | -322 | -323 |
Pretax Income | 1,252 | 1,248 | 1,123 | 954 | 902 | 823 |
Provision for Income Taxes | 268 | 246 | 176 | 147 | 93 | 95 |
Net Income | 1,097 | 1,061 | 993 | 877 | 827 | 1,348 |
Minority Interest in Earnings | -123 | -69 | -56 | -79 | -24 | -23 |
Net Income Attributable to Preferred Dividends | 10 | 10 | 10 | 10 | 10 | 5 |
Earnings From Discontinued Operations | - | - | - | 1 | 4 | 602 |
Net Income to Common | 1,097 | 1,061 | 993 | 877 | 827 | 1,348 |
Net Income Growth | 8.61% | 6.85% | 13.23% | 6.05% | -38.65% | 78.54% |
Shares Outstanding (Basic) | 303 | 300 | 298 | 291 | 290 | 289 |
Shares Outstanding (Diluted) | 303 | 301 | 298 | 292 | 290 | 290 |
Shares Change (YoY) | 1.45% | 0.91% | 2.26% | 0.59% | 0.17% | 1.12% |
EPS (Basic) | 3.62 | 3.53 | 3.34 | 3.01 | 2.84 | 2.58 |
EPS (Diluted) | 3.62 | 3.53 | 3.33 | 3.01 | 2.84 | 2.58 |
EPS Growth | 7.42% | 6.01% | 10.63% | 5.99% | 10.08% | 5.74% |
Shares Outstanding | 308.9 | 306.4 | 298.79 | 294.44 | 291.27 | 289.76 |
Free Cash Flow | -2,035 | -1,589 | -648 | -98 | -1,519 | -257 |
Free Cash Flow Per Share | -6.71 | -5.28 | -2.17 | -0.34 | -5.24 | -0.89 |
Dividends Per Share | 2.197 | 2.170 | 2.060 | 1.950 | 1.840 | 1.740 |
Dividend Growth | 1.27% | 5.34% | 5.64% | 5.98% | 5.75% | 6.75% |
Gross Margin | 43.04% | 41.53% | 42.70% | 38.35% | 32.13% | 36.14% |
Operating Margin | 19.53% | 20.22% | 19.79% | 16.55% | 14.24% | 15.64% |
Profit Margin | 11.15% | 11.73% | 12.60% | 10.81% | 9.41% | 9.93% |
FCF Margin | -23.07% | -18.61% | -8.62% | -1.31% | -17.67% | -3.51% |
EBITDA | 3,053 | 3,033 | 2,727 | 2,415 | 2,350 | 2,260 |
EBITDA Margin | 34.61% | 35.52% | 36.29% | 32.36% | 27.34% | 30.84% |
EBIT | 1,723 | 1,727 | 1,487 | 1,235 | 1,224 | 1,146 |
EBIT Margin | 19.53% | 20.22% | 19.79% | 16.55% | 14.24% | 15.64% |
Effective Tax Rate | 21.41% | 19.71% | 15.67% | 15.41% | 10.31% | 11.54% |