CMS Energy Corp (CMS.PC) stock
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 operating income
Operating income is the profit from the core business after operating expenses such as R&D and selling costs, before interest and taxes.
CMS Energy's operating income for the twelve months ending Jun 30, 2026 was $1.67B, up 4.2% year over year. For fiscal 2025 it was $1.73B, up 16.1% from the year before. Over ten years it grew 3.9% a year on average. The highest annual figure on record is $1.73B in fiscal 2025.
Annual operating income
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.73B | +16.1% |
| FY2024 | Dec 31, 2024 | $1.49B | +20.4% |
| FY2023 | Dec 31, 2023 | $1.24B | +0.9% |
| FY2022 | Dec 31, 2022 | $1.22B | +6.8% |
| FY2021 | Dec 31, 2021 | $1.15B | -6.8% |
| FY2020 | Dec 31, 2020 | $1.23B | +10.3% |
| FY2019 | Dec 31, 2019 | $1.12B | -4.0% |
| FY2018 | Dec 31, 2018 | $1.16B | -13.2% |
| FY2017 | Dec 31, 2017 | $1.34B | +6.5% |
| FY2016 | Dec 31, 2016 | $1.26B | +6.6% |
| FY2015 | Dec 31, 2015 | $1.18B | +2.3% |
| FY2014 | Dec 31, 2014 | $1.15B | +0.9% |
| FY2013 | Dec 31, 2013 | $1.14B | +13.9% |
| FY2012 | Dec 31, 2012 | $1.00B | 0.0% |
| FY2011 | Dec 31, 2011 | $1.00B | +2.6% |
| FY2010 | Dec 31, 2010 | $978.00M | +40.1% |
| FY2009 | Dec 31, 2009 | $698.00M | -12.1% |
| FY2008 | Dec 31, 2008 | $794.00M | – |
Quarterly operating income
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | $264.00M | -16.7% |
| Q1 FY2026 | Mar 31, 2026 | $490.00M | -0.8% |
| Q4 FY2025 | Dec 31, 2025 | $435.00M | +2.4% |
| Q3 FY2025 | Sep 30, 2025 | $481.00M | +31.1% |
| Q2 FY2025 | Jun 30, 2025 | $317.00M | +12.0% |
| Q1 FY2025 | Mar 31, 2025 | $494.00M | +19.9% |
| Q4 FY2024 | Dec 31, 2024 | $425.00M | +4.7% |
| Q3 FY2024 | Sep 30, 2024 | $367.00M | +35.4% |
| Q2 FY2024 | Jun 30, 2024 | $283.00M | +16.0% |
| Q1 FY2024 | Mar 31, 2024 | $412.00M | +31.2% |
| Q4 FY2023 | Dec 31, 2023 | $406.00M | +49.8% |
| Q3 FY2023 | Sep 30, 2023 | $271.00M | +5.0% |
| Q2 FY2023 | Jun 30, 2023 | $244.00M | +2.1% |
| Q1 FY2023 | Mar 31, 2023 | $314.00M | -31.1% |
| Q4 FY2022 | Dec 31, 2022 | $271.00M | +32.8% |
| Q3 FY2022 | Sep 30, 2022 | $258.00M | -0.8% |
| Q2 FY2022 | Jun 30, 2022 | $239.00M | -5.2% |
| Q1 FY2022 | Mar 31, 2022 | $456.00M | +6.0% |
| Q4 FY2021 | Dec 31, 2021 | $204.00M | -33.6% |
| Q3 FY2021 | Sep 30, 2021 | $260.00M | -23.5% |
| Q2 FY2021 | Jun 30, 2021 | $252.00M | +1.6% |
| Q1 FY2021 | Mar 31, 2021 | $430.00M | +28.4% |
| Q4 FY2020 | Dec 31, 2020 | $307.00M | -1.3% |
| Q3 FY2020 | Sep 30, 2020 | $340.00M | -3.1% |
| Q2 FY2020 | Jun 30, 2020 | $248.00M | +13.8% |
| Q1 FY2020 | Mar 31, 2020 | $335.00M | -6.7% |
| Q4 FY2019 | Dec 31, 2019 | $311.00M | +24.4% |
| Q3 FY2019 | Sep 30, 2019 | $351.00M | +19.4% |
| Q2 FY2019 | Jun 30, 2019 | $218.00M | -14.5% |
| Q1 FY2019 | Mar 31, 2019 | $359.00M | -1.1% |
| Q4 FY2018 | Dec 31, 2018 | $250.00M | -34.0% |
| Q3 FY2018 | Sep 30, 2018 | $294.00M | -10.9% |
| Q2 FY2018 | Jun 30, 2018 | $255.00M | +5.8% |
| Q1 FY2018 | Mar 31, 2018 | $363.00M | -6.4% |
| Q4 FY2017 | Dec 31, 2017 | $379.00M | +35.4% |
| Q3 FY2017 | Sep 30, 2017 | $330.00M | -12.0% |
| Q2 FY2017 | Jun 30, 2017 | $241.00M | – |
| Q1 FY2017 | Mar 31, 2017 | $388.00M | – |
| Q4 FY2016 | Dec 31, 2016 | $280.00M | – |
| Q3 FY2016 | Sep 30, 2016 | $375.00M | – |