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CMS Energy Corporation (CMS)
NYSE: CMS · Real-Time Price · USD
63.15
-1.12 (-1.74%)
At close: Sep 23, 2026, 4:00 PM EDT
63.02
-0.13 (-0.21%)
After-hours: Sep 23, 2026, 7:45 PM EDT

CMS Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
8,8138,5397,5157,4628,5967,329
Revenue Growth
9.93%13.63%0.71%-13.19%17.29%14.19%
Net Income
1,0161,0619938778271,348
Earnings Per Share
3.323.533.333.012.854.66
EPS Growth
-1.91%6.01%10.63%5.47%-38.75%76.32%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Electric Utility Operating
5,6865,6385,0614,7455,4194,958
Gas Utility Operating
2,6892,4932,1382,4202,7322,063
NorthStar Clean Energy Operating
438408316297445308
Revenue (Total)
8,8138,5397,5157,4628,5967,329

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
241509103227164452
Total Debt
19,30118,92316,59015,66914,34012,502
Net Cash (Debt)
-19,060-18,414-16,487-15,442-14,176-12,050
Net Cash Growth
------
Net Cash Per Share
-62.30-61.18-55.27-52.94-48.88-41.62

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,1482,2352,3702,3098551,819
Capital Expenditures
-4,058-3,824-3,018-3,219-2,374-2,076
Free Cash Flow
-1,910-1,589-648-910-1,519-257
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
12.78%14.62%14.94%12.78%10.49%11.23%
Profit Margin
11.53%12.43%13.21%11.75%9.62%18.39%
FCF Margin
-21.67%-18.61%-8.62%-12.20%-17.67%-3.51%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.2802.1702.0601.9501.8401.740
Dividend Per Share Growth
5.13%5.34%5.64%5.98%5.75%6.75%
Dividend Yield
3.61%3.18%3.26%3.66%3.27%3.10%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.9920.0620.0519.3222.2313.98
Forward PE
15.1019.2119.3116.5921.4024.66
PS Ratio
2.252.492.652.272.142.57