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CMS Energy Corporation (CMS)
Utilities · Utilities - Regulated Electric · NYSE
CMS Energy Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.40B | $6.58B | $6.87B | $6.62B | $6.42B | $7.33B | $8.60B | $7.46B | $7.51B | $8.54B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $551.00M | $460.00M | $657.00M | $680.00M | $755.00M | $1.35B | $827.00M | $877.00M | $993.00M | $1.06B |
| Net margin | 8.6% | 7.0% | 9.6% | 10.3% | 11.8% | 18.5% | 9.6% | 11.8% | 13.2% | 12.4% |
Source: CMS Energy Corporation SEC filings (10-K). 18 years of history available in the interactive view.
Explore 18 years of CMS Energy Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CMS Energy Corporation financial history by metric
About CMS Energy Corporation
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
CMS Energy Corporation — frequently asked questions
What is CMS Energy Corporation's revenue?
CMS Energy Corporation (CMS) reported revenue of $8.54B for fiscal year 2025, up 13.6% from the prior year, according to its SEC filings.
Is CMS Energy Corporation profitable?
Yes. CMS earned net income of $1.06B in fiscal 2025, a net margin of 12.4%.
What is CMS's P/E ratio?
CMS Energy Corporation trades at a price-to-earnings ratio of about 20.1 based on the latest data in our nightly-refreshed cache.
How fast is CMS Energy Corporation growing?
CMS's revenue grew at roughly 5.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CMS Energy Corporation have?
As of fiscal year 2025, CMS carried roughly $17.81B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CMS Energy Corporation's market cap?
CMS Energy Corporation (CMS) has a market capitalization of about $22.44B, based on the latest data in our nightly-refreshed cache.
When does CMS Energy Corporation's fiscal year end?
CMS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from CMS Energy Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.