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CMS Energy $CMS

Utilities · Multi-Utilities · NYSE/NASDAQ

S&P 500 Russell 1000 Michigan
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$66.82
+0.52 (+0.78%)
As of Oct 15, 2026, 1:16 AM EDT
Price history
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CMS Energy (CMS) is trading up at $66.82 (+0.78%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Utilities sector.

CMS Energy revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$8.60B$4.30B$0FY2016 revenue: $6.40BFY2016 net income: $551.0M · Net margin 8.6%'16FY2017 revenue: $6.58BFY2017 net income: $460.0M · Net margin 7.0%'17FY2018 revenue: $6.87BFY2018 net income: $657.0M · Net margin 9.6%'18FY2019 revenue: $6.62BFY2019 net income: $680.0M · Net margin 10.3%'19FY2020 revenue: $6.42BFY2020 net income: $755.0M · Net margin 11.8%'20FY2021 revenue: $7.33BFY2021 net income: $1.35B · Net margin 18.5%'21FY2022 revenue: $8.60BFY2022 net income: $837.0M · Net margin 9.7%'22FY2023 revenue: $7.46BFY2023 net income: $887.0M · Net margin 11.9%'23FY2024 revenue: $7.51BFY2024 net income: $1.00B · Net margin 13.3%'24FY2025 revenue: $8.54BFY2025 net income: $1.07B · Net margin 12.5%'250%5%10%15%20%FY2016 net margin: 8.6%FY2017 net margin: 7.0%FY2018 net margin: 9.6%FY2019 net margin: 10.3%FY2020 net margin: 11.8%FY2021 net margin: 18.5%FY2022 net margin: 9.7%FY2023 net margin: 11.9%FY2024 net margin: 13.3%FY2025 net margin: 12.5%
CMS Energy annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$6.40B$6.58B$6.87B$6.62B$6.42B$7.33B$8.60B$7.46B$7.51B$8.54B
Growth (year over year)−0.9%+2.9%+4.4%−3.6%−3.1%+14.2%+17.3%−13.2%+0.7%+13.6%
Operating income$1.26B$1.34B$1.16B$1.11B$1.23B$1.15B$1.22B$1.24B$1.49B$1.73B
Operating margin19.6%20.3%16.9%16.8%19.2%15.6%14.2%16.6%19.8%20.2%
Net income$551.0M$460.0M$657.0M$680.0M$755.0M$1.35B$837.0M$887.0M$1.00B$1.07B
Net margin8.6%7.0%9.6%10.3%11.8%18.5%9.7%11.9%13.3%12.5%
EPS (diluted)$1.98$1.64$2.32$2.39$2.64$4.66$2.85$3.01$3.33$3.53
Balance sheet
Cash and equivalents$235.0M$182.0M$153.0M$140.0M$32.0M$452.0M$164.0M$227.0M$103.0M$509.0M
Total assets$21.6B$23.1B$24.5B$26.8B$29.7B$28.8B$31.4B$33.5B$35.9B$39.9B
Total liabilities$17.3B$18.6B$19.7B$21.8B$23.6B$21.6B$23.8B$25.4B$27.2B$30.2B
Long-term debt$8.64B$9.12B$10.6B$12.0B$11.7B$12.0B$13.1B$14.5B$15.2B$17.8B
Shareholders' equity$4.25B$4.44B$4.75B$5.02B$5.50B$6.63B$7.01B$7.54B$8.23B$9.14B
Cash flow
Operating cash flow$1.63B$1.71B$1.70B$1.79B$1.28B$1.82B$855.0M$2.31B$2.37B$2.23B
Capital expenditure$1.67B$1.67B$2.07B$2.10B$2.31B$2.08B$2.37B———
Free cash flow−$43.0M$40.0M−$371.0M−$307.0M−$1.03B−$257.0M−$1.52B———

From CMS Energy's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About CMS Energy

CMS Energy Corporation is an American energy company based in Jackson, Michigan, that is focused principally on utility operations in Michigan. Its principal business is Consumers Energy, a public utility that provides electricity and natural gas to more than 6 million of Michigan's 10 million residents. Its non-utility businesses are focused primarily on domestic independent power production. Consumers Energy has operated since 1886.

Source: Wikipedia — CMS Energy

Headquarters
Jackson, Michigan From SEC filings, Oct 2026

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