CMS ENERGY CORP CMS

NYSE · stock · Electric & Other Services Combined · website · IPO 1947-02-03 · LEI

CMS ENERGY CORP financials (annual)

Revenue

Net income

Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	$8.5B	$7.5B	$7.5B	$8.6B	$7.3B	$6.4B	$6.6B	$6.9B	$6.6B	$6.4B
Operating income	$1.7B	$1.5B	$1.2B	$1.2B	$1.1B	$1.2B	$1.1B	$1.2B	$1.3B	$1.3B
Interest expense	—	—	$643.0M	$519.0M	$500.0M	$505.0M	$460.0M	$458.0M	$438.0M	$435.0M
Income tax	$246.0M	$176.0M	$147.0M	$93.0M	$95.0M	$115.0M	$131.0M	$115.0M	$424.0M	$273.0M
Net income	$1.1B	$1.0B	$887.0M	$837.0M	$1.4B	$755.0M	$680.0M	$657.0M	$460.0M	$551.0M
EPS (diluted)	$3.53	$3.33	$3.01	$2.85	$4.66	$2.64	$2.39	$2.32	$1.64	$1.98
Operating cash flow	$2.2B	$2.4B	$2.3B	$855.0M	$1.8B	$1.3B	$1.8B	$1.7B	$1.7B	$1.6B
Free cash flow	—	—	—	-$1.5B	-$257.0M	-$1.0B	-$307.0M	-$371.0M	$40.0M	-$43.0M
Cash & equivalents	$509.0M	$103.0M	$227.0M	$164.0M	$452.0M	$32.0M	$140.0M	$153.0M	$182.0M	$235.0M
Total assets	$39.9B	$35.9B	$33.5B	$31.4B	$28.8B	$29.7B	$26.8B	$24.5B	$23.1B	$21.6B
Shareholders' equity	$9.7B	$8.7B	$8.1B	$7.6B	$7.2B	$6.1B	$5.1B	$4.8B	$4.5B	$4.3B

Growth · year-over-year · Revenue CAGR 3.3%

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue growth	+13.6%	+0.7%	-13.2%	+17.3%	+14.2%	-3.1%	-3.6%	+4.4%	+2.9%	-0.9%
Net income growth	+6.8%	+13.1%	+6.0%	-38.1%	+79.2%	+11.0%	+3.5%	+42.8%	-16.5%	+5.4%
EPS growth	+6.0%	+10.6%	+5.6%	-38.8%	+76.5%	+10.5%	+3.0%	+41.5%	-17.2%	+4.8%
Free cash flow growth	—	—	—	—	—	—	—	-1027.5%	—	-156.6%

Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.