CMS Energy Corporation (CMS)
NYSE: CMS · Real-Time Price · USD
69.27
-0.28 (-0.40%)
Nov 10, 2026, 9:40 AM EST - Market open
CMS Energy Financials Overview
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 | Sep '26 Sep 30, 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 |
Revenue Revenue Growth | 8,975 | 8,539 | 7,515 | 7,462 | 8,596 | 7,329 |
Revenue Growth | 8.20% | 13.63% | 0.71% | -13.19% | 17.29% | 14.19% |
Net Income Net Income Growth | 862 | 1,061 | 993 | 877 | 827 | 1,348 |
Earnings Per Share EPS Growth | 2.79 | 3.53 | 3.33 | 3.01 | 2.85 | 4.66 |
EPS Growth | -19.53% | 6.01% | 10.63% | 5.47% | -38.75% | 76.32% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 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 |
Electric Utility Operating Electric Utility Operating Growth | 5,781 | 5,638 | 5,061 | 4,745 | 5,419 | 4,958 |
Gas Utility Operating Gas Utility Operating Growth | 2,719 | 2,493 | 2,138 | 2,420 | 2,732 | 2,063 |
NorthStar Clean Energy Operating NorthStar Clean Energy Operating Growth | 475 | 408 | 316 | 297 | 445 | 308 |
Revenue (Total) Revenue (Total) Growth | 8,975 | 8,539 | 7,515 | 7,462 | 8,596 | 7,329 |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 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 |
Cash & Investments Cash & Investments Growth | 451 | 509 | 103 | 227 | 164 | 452 |
Total Debt Total Debt Growth | 20,207 | 18,923 | 16,590 | 15,669 | 14,340 | 12,502 |
Net Cash (Debt) Net Cash Growth | -19,756 | -18,414 | -16,487 | -15,442 | -14,176 | -12,050 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -63.88 | -61.18 | -55.27 | -52.94 | -48.88 | -41.62 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 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 |
Operating Cash Flow Operating Cash Flow Growth | 2,276 | 2,235 | 2,370 | 2,309 | 855 | 1,819 |
Capital Expenditures CapEx Growth | -4,019 | -3,824 | -3,018 | -3,219 | -2,374 | -2,076 |
Free Cash Flow Free Cash Flow Growth | -1,743 | -1,589 | -648 | -910 | -1,519 | -257 |
Free Cash Flow Growth | - | - | - | - | - | - |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 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 |
Pretax Margin | 7.50% | 14.62% | 14.94% | 12.78% | 10.49% | 11.23% |
Profit Margin | 9.60% | 12.43% | 13.21% | 11.75% | 9.62% | 18.39% |
FCF Margin | -19.42% | -18.61% | -8.62% | -12.20% | -17.67% | -3.51% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 10, 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 |
Dividend Per Share Dividend Per Share Growth | 2.280 | 2.170 | 2.060 | 1.950 | 1.840 | 1.740 |
Dividend Per Share Growth | 5.07% | 5.34% | 5.64% | 5.98% | 5.75% | 6.75% |
Dividend Yield | 3.29% | 3.12% | 3.09% | 3.39% | 2.92% | 2.67% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 10, 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 |
PE Ratio | 24.81 | 20.06 | 20.05 | 19.32 | 22.23 | 13.98 |
Forward PE | 17.12 | 19.21 | 19.31 | 16.59 | 21.40 | 24.66 |
PS Ratio | 2.43 | 2.49 | 2.65 | 2.27 | 2.14 | 2.57 |