CMS Energy Corp (CMS.PC) revenue by segment
CMS.PCNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS, CMSA, CMSC, CMSD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/304% below fair value
$15.77+0.06 (+0.38%)
Close on Oct 30, 2026Market cap $4.90BP/E 4.7Yield 13.76%
CMS Energy Corp revenue by segment
By business segment
| Revenue | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $5.69B | $5.71B | $5.64B | $5.59B | $5.36B | $5.23B | $5.06B | $4.98B | $4.88B | $4.79B | $4.75B | $4.83B | 64.5% | +6.1% |
| Gas Utility | $2.69B | $2.69B | $2.49B | $2.32B | $2.30B | $2.22B | $2.14B | $2.19B | $2.22B | $2.27B | $2.42B | $2.64B | 30.5% | +16.8% |
| NorthStar Clean Energy | $438.00M | $427.00M | $408.00M | $380.00M | $354.00M | $336.00M | $316.00M | $310.00M | $306.00M | $302.00M | $297.00M | $320.00M | 5.0% | +23.7% |
| Operating income | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $1.01B | $1.08B | $1.10B | $1.15B | $1.04B | $1.02B | $982.00M | – | – | – | – | – | -2.9% |
| Gas Utility | $700.00M | $693.00M | $671.00M | $618.00M | $616.00M | $594.00M | $534.00M | – | – | – | – | – | +13.6% |
| NorthStar Clean Energy | -$24.00M | -$31.00M | -$28.00M | -$29.00M | -$37.00M | -$30.00M | -$10.00M | – | – | – | – | – | -35.1% |
By product or service
By region
From the segment and revenue-disaggregation notes of CMS Energy's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.