CMS Energy Corporation (CMS)

CMS Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	451	509	103	227	164	452
Accounts Receivable	1,152	1,323	1,063	944	1,580	943
Inventory	933	791	769	938	1,117	667
Prepaid Expenses	466	639	551	506	497	495
Restricted Cash	102	106	75	21	18	24
Other Current Assets	102	104	229	203	57	46
Total Current Assets	3,206	3,472	2,790	2,839	3,433	2,627
Property, Plant & Equipment	31,940	30,702	27,485	25,098	22,744	22,378
Regulatory Assets	3,381	3,355	3,569	3,683	3,595	2,259
Long-Term Investments	41	61	69	76	71	71
Other Long-Term Assets	3,115	2,351	2,007	1,821	1,510	1,418
Total Assets	41,683	39,941	35,920	33,517	31,353	28,753

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,332	1,404	1,093	809	936	886
Accrued Expenses	227	890	810	754	660	622
Short-Term Debt	-	-	65	93	20	-
Current Portion of Long-Term Debt	1,258	950	1,191	975	1,090	376
Current Portion of Leases	-	9	7	9	13	9
Current Income Taxes Payable	225	47	53	49	48	138
Other Current Liabilities	346	248	302	206	218	173
Total Current Liabilities	3,388	3,548	3,521	2,895	2,985	2,204
Long-Term Debt	18,743	17,810	15,194	14,508	13,122	12,046
Long-Term Leases	206	154	133	84	95	71
Pension & Post-Retirement Benefits	92	135	133	118	108	196
Long-Term Deferred Tax Liabilities	3,474	3,370	3,047	2,741	2,536	2,322
Other Long-Term Liabilities	5,485	5,213	5,144	5,046	4,912	4,726
Total Liabilities	31,388	30,230	27,172	25,392	23,758	21,565

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Preferred Equity	224	224	224	224	224	224
Common Stock	3	3	3	3	3	3
Additional Paid-In Capital	7,046	6,510	6,009	5,705	5,490	5,406
Retained Earnings	2,488	2,443	2,035	1,658	1,350	1,057
Comprehensive Income & Other	-35	-36	-41	-46	-52	-59
Total Common Equity	9,502	8,920	8,006	7,320	6,791	6,407
Minority Interest	569	567	518	581	580	557
Shareholders' Equity	10,295	9,711	8,748	8,125	7,595	7,188
Total Liabilities & Equity	41,683	39,941	35,920	33,517	31,353	28,753

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	20,207	18,923	16,590	15,669	14,340	12,502
Net Cash (Debt)	-19,756	-18,414	-16,487	-15,442	-14,176	-12,050
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-63.88	-61.18	-55.27	-52.94	-48.88	-41.62
Filing Date Shares Outstanding	313.63	306.42	298.79	294.44	291.26	289.76
Total Common Shares Outstanding	313.6	306.41	298.79	294.44	291.27	289.76
Working Capital	-182	-76	-731	-56	448	423
Book Value Per Share	30.30	29.11	26.79	24.86	23.32	22.11
Tangible Book Value	9,502	8,920	8,006	7,320	6,791	6,407
Tangible Book Value Per Share	30.30	29.11	26.79	24.86	23.32	22.11
Machinery	-	32,320	29,734	28,108	25,761	25,176
Construction In Progress	3,108	3,052	2,098	944	1,182	961

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error