CMS Energy Corporation
CMS · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 8.60B | 2.76B | 1.22B | 837.00M | 2.84 |
| 2023 FY | 7.46B | 2.86B | 1.24B | 887.00M | 3.01 |
| 2024 FY | 7.52B | 3.21B | 1.49B | 1.00B | 3.34 |
| 2025 FY | 8.54B | 5.20B | 1.73B | 1.07B | 3.53 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 31.35B | 23.76B | 164.00M | 14.34B | 7.02B |
| 2023 FY | 33.52B | 25.39B | 227.00M | 15.67B | 7.54B |
| 2024 FY | 35.92B | 27.17B | 103.00M | 16.59B | 8.23B |
| 2025 FY | 40.39B | 30.68B | 615.00M | 18.94B | 9.14B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 855.00M | -2.37B | -1.52B | -546.00M | -294.00M |
| 2023 FY | 2.31B | -3.22B | -910.00M | -579.00M | 66.00M |
| 2024 FY | 2.37B | -3.02B | -648.00M | -626.00M | -70.00M |
| 2025 FY | 2.24B | -3.82B | -1.59B | -663.00M | 437.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 18.33B | 32.51B | — | — | — |
| 2023 FY | 16.91B | 32.35B | — | — | — |
| 2024 FY | 19.84B | 36.32B | — | — | — |
| 2025 FY | 21.02B | 39.34B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 1.84B | 714.00M | 317.00M | 201.00M | 0.66 |
| 2025 Q3 | 2.02B | 588.00M | 481.00M | 277.00M | 0.92 |
| 2025 Q4 | 2.23B | 2.86B | 435.00M | 289.00M | 0.94 |
| 2026 Q1 | 2.73B | 1.54B | 490.00M | 340.00M | 1.13 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 37.70B | 28.73B | 844.00M | 18.05B | 8.39B |
| 2025 Q3 | 38.01B | 28.58B | 362.00M | 18.07B | 8.86B |
| 2025 Q4 | 40.39B | 30.68B | 615.00M | 18.90B | 9.14B |
| 2026 Q1 | 40.29B | 30.23B | 263.00M | 19.08B | 9.47B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 414.00M | -884.00M | -470.00M | -165.00M | 399.00M |
| 2025 Q3 | 343.00M | -978.00M | -635.00M | -165.00M | -493.00M |
| 2025 Q4 | 478.00M | -1.07B | -596.00M | -167.00M | 183.00M |
| 2026 Q1 | 705.00M | -1.04B | -334.00M | -178.00M | -352.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 20.68B | 37.88B | — | — | — |
| 2025 Q3 | 21.87B | 39.58B | — | — | — |
| 2025 Q4 | 21.02B | 39.30B | — | — | — |
| 2026 Q1 | 23.32B | 42.13B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |