CMS Energy Corporation (CMS)

CMS Energy Revenue

CMS Energy had revenue of $1.83B in the quarter ending June 30, 2026, a decrease of -0.49%. This brings the company's total for the last twelve months to $8.81B, up 9.93% year-over-year. In the year 2025, CMS Energy had annual revenue of $8.54B with 13.63% growth. That makes CMS Energy the 1,652nd largest company in the world by revenue and 502nd in the United States.

• Revenue (ttm): $8.81B
• Revenue Growth: +9.93%
• P/S Ratio: 2.48
• Revenue / Employee: $1,055,449
• Employees: 8,350
• Market Cap: 21.83B

Revenue Chart

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Revenue by Segment

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• Electric Utility Operating 5.64B 66.0%
• Gas Utility Operating 2.49B 29.2%
• NorthStar Clean Energy Operating 408.00M 4.8%

Fiscal year ended Dec 31, 2025 See the full CMS Energy breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	8.54B	1.02B	13.63%
Dec 31, 2024	7.52B	53.00M	0.71%
Dec 31, 2023	7.46B	-1.13B	-13.19%
Dec 31, 2022	8.60B	1.27B	17.29%
Dec 31, 2021	7.33B	911.00M	14.19%
Dec 31, 2020	6.42B	-206.00M	-3.11%
Dec 31, 2019	6.62B	-249.00M	-3.62%
Dec 31, 2018	6.87B	290.00M	4.41%
Dec 31, 2017	6.58B	184.00M	2.88%
Dec 31, 2016	6.40B	-57.00M	-0.88%
Dec 31, 2015	6.46B	-723.00M	-10.07%
Dec 31, 2014	7.18B	613.00M	9.34%
Dec 31, 2013	6.57B	313.00M	5.01%
Dec 31, 2012	6.25B	-250.00M	-3.84%
Dec 31, 2011	6.50B	71.00M	1.10%
Dec 31, 2010	6.43B	227.00M	3.66%
Dec 31, 2009	6.21B	-602.00M	-8.84%
Dec 31, 2008	6.81B	356.00M	5.52%
Dec 31, 2007	6.45B	325.00M	5.31%
Dec 31, 2006	6.13B	247.00M	4.20%
Dec 31, 2005	5.88B	-	-

Data Source: Fiscal.ai Last updated: Jul 28, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 27, 2026

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