CMS Energy Corporation (CMS) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric servic...
CMS Energy Corporation's revenue increased 13.6% year over year, from $7.51B to $8.54B.
Net income increased 6.8% over the same period, from $1.00B to $1.07B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 33% in total.
Total debt increased by 17.2% to $17.81B.
The debt-to-equity ratio stands at 1.95, indicating a elevated leverage profile.
Operating cash flow declined 5.7% to $2.23B.
CMS Energy Corporation maintains a healthy net profit margin of 12.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.74B+8.5% | $253.0M | $1.35B | $367.0M | $304.0M | $34.82B | $15.55B | $8.11B |
| Q4 FY2024 | $1.99B+14.1% | $265.0M | $1.49B | $425.0M | $403.0M | $35.92B | $15.19B | $8.23B |
| Q1 FY2025 | $2.45B+23.0% | $304.0M | $1.68B | $494.0M | $1.00B | $36.30B | $16.15B | $8.34B |
| Q2 FY2025 | $1.84B-24.9% | $201.0M | $1.27B | $317.0M | $414.0M | $37.70B | $16.78B | $8.39B |
| Q3 FY2025 | $2.02B+10.0% | $277.0M | $1.47B | $481.0M | $343.0M | $38.01B | $16.77B | $8.86B |
| Q4 FY2025 | $2.23B+10.5% | $289.0M | $1.60B | $435.0M | $478.0M | $39.94B | $17.81B | $9.14B |
| Q1 FY2026 | $2.73B+22.3% | $340.0M | $1.25B | $490.0M | $705.0M | $40.28B | $19.08B | $10.05B |
| Q2 FY2026 | $1.83B-33.0% | $120.0M | $1.17B | $264.0M | $622.0M | $40.91B | $19.30B | $10.40B |
Balance Sheet Summary (Q2 FY2026)
CMS Energy Corporation (CMS) Financial Statements & Revenue History
CMS Energy Corporation (CMS) is a US-listed stock operating in the Utilities sector, specifically the Electric & Other Services Combined industry trading at $68.63 with a market capitalization of $22. This page provides 42 historical financial statements for CMS Energy Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, CMS Energy Corporation reported revenue of $8.5 billion, representing 13.6% year-over-year growth. The net profit margin of 12.5% indicates moderate profitability. The debt-to-equity ratio of 1.95 indicates elevated leverage.
CMS Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows CMS Energy Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether CMS is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track CMS's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently CMS Energy Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of CMS's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use CMS Financial Data
Investors use CMS Energy Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare CMS's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how CMS's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View CMS's financial health score, earnings, and pre-market pricing.
Financial data is sourced from CMS Energy Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.CMS trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.