CMS Energy Corp (CMS.PC) income statement

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 income statement

Millions of USD, except per-share data. Shares in millions.

Line item	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31	Q3 2023 2023-09-30	Q2 2023 2023-06-30	Q1 2023 2023-03-31	Q4 2022 2022-12-31	Q3 2022 2022-09-30	Q2 2022 2022-06-30	Q1 2022 2022-03-31	Q4 2021 2021-12-31	Q3 2021 2021-09-30	Q2 2021 2021-06-30	Q1 2021 2021-03-31	Q4 2020 2020-12-31	Q3 2020 2020-09-30	Q2 2020 2020-06-30	Q1 2020 2020-03-31	Q4 2019 2019-12-31	Q3 2019 2019-09-30	Q2 2019 2019-06-30	Q1 2019 2019-03-31	Q4 2018 2018-12-31	Q3 2018 2018-09-30	Q2 2018 2018-06-30	Q1 2018 2018-03-31	Q4 2017 2017-12-31	Q3 2017 2017-09-30	Q2 2017 2017-06-30	Q1 2017 2017-03-31	Q4 2016 2016-12-31	Q3 2016 2016-09-30
Revenue	1,829	2,730	2,233	2,021	1,838	2,447	1,989	1,743	1,607	2,176	1,950	1,673	1,555	2,284	2,278	2,024	1,920	2,374	2,033	1,725	1,558	2,013	1,727	1,507	1,382	1,802	1,795	1,546	1,445	2,059	1,829	1,599	1,492	1,953	1,778	1,527	1,449	1,829	1,640	1,587
Total Costs & Expenses	1,565	2,240	1,798	1,540	1,521	1,953	1,564	1,376	1,324	1,764	1,544	1,402	1,311	1,970	2,007	1,766	1,681	1,918	1,829	1,465	1,306	1,583	1,420	1,167	1,134	1,496	1,387	1,195	1,227	1,700	1,579	1,305	1,237	1,590	1,399	1,197	1,208	1,441	1,360	1,212
Operating Income	264	490	435	481	317	494	425	367	283	412	406	271	244	314	271	258	239	456	204	260	252	430	307	340	248	335	311	351	218	359	250	294	255	363	379	330	241	388	280	375
Interest Expense	210	203	201	203	199	186	180	178	173	177	172	164	160	147	139	130	126	124	126	125	125	124	127	130	127	137	75	133	131	121	121	114	112	111	110	111	110	107	111	110
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.00	1.00	1.00	1.00	1.00	0	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	1.00	3.00	2.00	4.00	2.00	2.00	3.00	2.00	5.00	2.00	1.00
Income from Equity Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.00	1.00	0	0	2.00	4.00	2.00	2.00	4.00	0	-2.00	3.00	4.00	5.00	2.00	-1.00	3.00	-1.00	4.00	3.00	5.00	3.00	3.00	4.00	1.00	5.00
Other Non-Operating Income	75	75	61	62	137	50	61	84	113	86	83	77	146	56	52	54	43	48	41	44	48	44	-15	28	32	39	28	31	27	23	-3.00	22	22	29	-47	10	9.00	14	-45	16
Pretax Income	129	362	295	340	255	358	306	273	223	321	317	184	230	223	184	182	156	380	119	179	175	350	165	238	153	270	140	249	114	261	126	202	165	281	222	229	140	295	124	281
Income Tax Expense	33	85	53	68	62	63	51	26	41	58	66	11	41	29	21	19	14	39	5.00	26	22	42	27	40	24	27	21	42	20	48	17	33	25	40	224	57	47	96	46	95
Income from Continuing Operations	117	338	286	275	198	302	262	251	195	285	306	174	194	202	168	163	145	347	114	156	158	315	138	198	129	229	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Discontinued Operations	–	–	–	–	–	–	0	0	0	–	0	0	1.00	0	0	0	0	4.00	520	30	18	34	24	12	8.00	14	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	96	277	242	272	193	295	255	247	182	263	251	173	190	194	163	163	142	345	634	183	171	342	162	210	137	243	168	207	94	213	109	169	140	241	-2.00	172	93	199	78	186
Minority Interest in Earnings	-24	-63	-47	-5.00	-8.00	-9.00	-10	-6.00	-16	-24	-58	-3.00	-8.00	-10	-8.00	-2.00	-6.00	-8.00	-5.00	-6.00	-5.00	-7.00	4.00	-8.00	1.00	0	1.00	0	1.00	0	1.00	0	1.00	0	1.00	0	1.00	0	1.00	0
Net Income	120	340	289	277	201	304	265	253	198	287	309	176	198	204	171	165	148	353	639	189	176	349	158	218	136	243	167	207	93	213	108	169	139	241	-3.00	172	92	199	77	186
Preferred Dividends	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	3.00	2.00	2.00	3.00	0	0	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	117	338	286	275	198	302	262	251	195	285	306	174	195	202	168	163	145	351	637	186	176	349	158	218	136	243	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	0.38	1.10	0.94	0.92	0.67	1.01	0.88	0.84	0.65	0.96	1.05	0.60	0.67	0.69	0.58	0.56	0.50	1.21	2.20	0.64	0.61	1.21	0.55	0.76	0.48	0.86	0.59	0.73	0.33	0.75	0.38	0.60	0.49	0.86	-0.01	0.61	0.33	0.71	0.28	0.67
EPS (Diluted)(per share)	0.37	1.10	0.94	0.92	0.66	1.01	0.88	0.84	0.65	0.96	1.04	0.60	0.67	0.69	0.58	0.56	0.50	1.21	2.20	0.64	0.61	1.21	0.55	0.76	0.48	0.85	0.58	0.73	0.33	0.75	0.38	0.59	0.49	0.86	-0.01	0.61	0.33	0.71	0.28	0.67
Shares Outstanding (Basic, Weighted)(shares)	310	306	305	300	299	298	298	298	298	297	292	291	291	291	290	290	290	289	289	289	289	289	286	286	286	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shares Outstanding (Diluted, Weighted)(shares)	311	307	306	300	299	299	299	299	299	297	293	291	291	291	290	290	290	290	290	290	289	289	286	287	287	285	285	285	284	284	283	283	283	282	281	282	280	280	279	279
Dividend per Share(per share)	0.57	0.57	0.54	0.54	0.54	0.54	0.52	0.52	0.52	0.52	0.49	0.49	0.49	0.49	0.46	0.46	0.46	0.46	0.44	0.44	0.44	0.44	0.41	0.41	0.41	0.41	0.38	0.38	0.38	0.38	0.36	0.36	0.36	0.36	0.33	0.33	0.33	0.33	0.31	0.31
EBITDA	572	902	777	769	605	882	751	640	556	780	716	533	499	667	567	501	481	801	486	510	496	768	587	566	470	651	571	566	434	657	494	500	459	642	608	523	438	650	494	558
Provision for Credit Losses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.00	–	–	–	13	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 18.9%
Net margin: 11.6%
Return on equity, FY2025: 12.3%

Financial strength

Current ratio: 0.94
Debt to equity: 1.95
Debt to assets: 46.5%
Cash to current liabilities: 7.9%

Valuation

P/E ratio: 4.7
Price to sales: 0.56
Price to book: 0.50
Dividend yield: 13.76%