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CMS Energy Corporation (CMS)
NYSE: CMS · Real-Time Price · USD
69.00
-0.59 (-0.85%)
At close: Oct 27, 2026, 4:00 PM EDT
68.32
-0.68 (-0.99%)
Pre-market: Oct 28, 2026, 4:52 AM EDT

CMS Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
2,1831,8292,7302,2332,0211,8382,4471,9891,7431,6072,1761,9501,6731,5552,284-2,0241,9202,3742,033
Revenue Growth
8.02%-0.49%11.56%12.27%15.95%14.37%12.45%2.00%4.18%3.34%-4.73%--17.34%-19.01%-3.79%-17.33%23.23%17.93%17.72%
Net Income
121117338286275198302262251195285306174195202-163145351637
Earnings Per Share
0.390.371.100.940.920.661.010.880.840.650.961.050.600.670.69-0.560.501.212.20
EPS Growth
-57.50%-43.94%8.91%6.63%9.24%1.54%5.21%-16.10%40.48%-2.99%39.13%-6.78%34.00%-43.13%--12.96%-17.90%0.47%297.24%

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Electric Utility Operating
1,7741,3381,3681,3011,6791,3591,2991,2551,4481,2261,1321,1751,3511,1281,0911,2591,5941,3251,2411,245
Gas Utility Operating
2643881,2448232343871,0496532133079657002443571,1199212924771,042702
NorthStar Clean Energy Operating
14510311810910892998182747975787074981381189186
Revenue (Total)
2,1831,8292,7302,2332,0211,8382,4471,9891,7431,6072,1761,9501,6731,5552,2842,2782,0241,9202,3742,033

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
45124117550936284446510341269980222715738957116416877446452
Total Debt
20,20719,30119,08118,92318,07718,04516,96916,59016,16715,76815,80615,66915,46715,12214,48414,34013,75512,43012,47312,502
Net Cash (Debt)
-19,756-19,060-18,906-18,414-17,715-17,201-16,504-16,487-15,755-15,069-15,004-15,442-15,310-14,733-13,913-14,176-13,587-12,353-12,027-12,050
Net Cash Growth
--------------------
Net Cash Per Share
-63.68-61.33-61.56-60.22-58.97-57.51-55.18-55.20-52.73-50.48-50.48-52.76-52.54-50.58-47.78--46.84-42.58-41.49-41.59

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
4716227054783434141,0004033047079564051996651,040--392352707336
Capital Expenditures
2,006-967-1,039-1,074-978-884-888-918-806-681-613-608-614-1,380-617--650-568-520-634
Free Cash Flow
2,477-345-334-596-635-470112-515-50226343-203-415-715423--1,042-216187-298
Free Cash Flow Growth
-------67.35%----18.91%---126.20%----52.78%-

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Pretax Margin
-5.18%7.05%13.26%13.21%16.82%13.87%14.63%15.38%15.66%13.88%14.75%16.26%11.00%14.79%9.76%-8.99%8.13%16.01%5.85%
Profit Margin
5.54%6.40%12.38%12.81%13.61%10.77%12.34%13.17%14.40%12.13%13.10%15.69%10.40%12.54%8.84%-8.05%7.55%14.79%31.33%
FCF Margin
113.47%-18.86%-12.23%-26.69%-31.42%-25.57%4.58%-25.89%-28.80%1.62%15.76%-10.41%-24.81%-45.98%18.52%--51.48%-11.25%7.88%-14.66%

Dividends
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Dividend Per Share
-0.5700.5700.5420.5420.5420.5420.5150.5150.5150.5150.4870.4870.4870.487-0.4600.4600.4600.435
Dividend Per Share Growth
-5.07%5.07%5.34%5.34%5.34%5.34%5.64%5.64%5.64%5.64%-5.98%5.98%5.98%-5.75%5.75%5.75%6.75%
Dividend Yield
-2.95%2.84%3.12%2.97%3.06%2.78%3.09%2.88%3.37%3.28%3.39%2.75%2.44%2.29%-3.12%2.65%2.52%2.67%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
22.9523.2621.7820.0621.1520.4622.2420.0520.3518.5218.7719.3227.1330.6035.10-13.0414.8515.0313.98
Forward PE
15.0819.3220.0219.2119.5618.6820.9119.3119.7417.1018.0816.5915.5116.5619.7921.4019.8122.9324.3324.66
P/FCF Ratio
16.46-------------------
PS Ratio
2.202.682.712.492.642.592.892.652.822.402.452.272.812.922.87-2.022.432.642.57