CMSNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS.PC, CMSA, CMSC, CMSD

CMS ENERGY CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026

$67.37−1.33 (-1.94%)

Close on Oct 19, 2026

Market cap: $20.94B
P/E (TTM): 20.2
Dividend yield: 3.22%

CMS ENERGY CORP income statement

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

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	8,539	7,515	7,462	8,596	7,329	6,418	6,624	6,873	6,583	6,399	6,456	7,179	6,566	6,253	6,503	6,432	6,205	6,807
Operating Expenses	–	–	–	–	–	–	–	–	–	–	–	6,027	5,424	5,250	5,500	5,454	5,507	6,013
Total Costs & Expenses	6,812	6,028	6,227	7,372	6,183	5,188	5,509	5,711	5,245	5,143	5,278	6,027	5,424	–	–	–	–	–
Operating Income	1,727	1,487	1,235	1,224	1,146	1,230	1,115	1,162	1,338	1,256	1,178	1,152	1,142	1,003	1,003	978	698	794
Interest Expense	789	708	643	519	500	505	460	458	438	435	396	407	398	389	415	431	435	400
Interest & Investment Income	–	–	–	5.00	3.00	4.00	7.00	11	12	6.00	12	5.00	3.00	5.00	9.00	19	18	24
Income from Equity Investments	5.00	7.00	7.00	3.00	10	5.00	10	9.00	15	13	14	15	13	17	9.00	11	-2.00	5.00
Other Non-Operating Income	310	344	362	197	177	84	109	70	-14	5.00	14	-16	12	8.00	18	43	72	46
Pretax Income	1,248	1,123	954	902	823	809	764	774	886	826	796	729	756	622	–	–	–	–
Income Tax Expense	246	176	147	93	95	115	131	115	424	273	271	250	302	245	191	224	115	139
Income from Continuing Operations	1,061	993	876	823	746	697	631	–	–	–	–	477	452	375	413	347	198	283
Income from Discontinued Operations	0	0	1.00	4.00	602	58	49	–	–	–	–	–	–	7.00	2.00	-23	20	1.00
Net Income incl. Noncontrolling Interests	1,002	947	808	813	1,330	752	682	659	462	553	525	479	454	384	417	343	240	302
Minority Interest in Earnings	-69	-56	-79	-24	-23	-3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	11	7.00
Net Income	1,071	1,003	887	837	1,353	755	680	657	460	551	523	477	452	382	415	340	229	295
Preferred Dividends	10	10	10	10	5.00	0	0	–	–	–	–	–	–	–	0	8.00	11	–
Net Income to Common	1,061	993	877	827	1,348	755	680	–	–	–	–	–	452	382	415	324	218	284
EPS (Basic)(per share)	3.53	3.34	3.01	2.85	4.66	2.65	2.40	2.33	1.64	1.99	1.90	1.76	1.71	1.46	1.66	1.40	0.96	1.25
EPS (Diluted)(per share)	3.53	3.33	3.01	2.85	4.66	2.64	2.39	2.32	1.64	1.98	1.89	1.74	1.66	1.42	1.58	1.28	0.91	1.20
Shares Outstanding (Basic, Weighted)(shares)	300	298	291	290	289	285	283	–	–	–	–	–	–	–	–	–	–	–
Shares Outstanding (Diluted, Weighted)(shares)	301	298	292	290	290	286	284	283	281	279	277	275	272	269	263	253	238	–
Dividend per Share(per share)	2.17	2.06	1.95	1.84	1.74	1.63	1.53	1.43	1.33	1.24	1.16	1.08	1.02	0.96	0.84	0.66	0.50	0.36
EBITDA	3,033	2,727	2,415	2,350	2,260	2,273	2,104	2,095	2,219	2,067	1,928	1,837	1,770	1,601	1,549	1,554	1,268	1,383
Provision for Credit Losses	–	–	–	–	–	60	38	25	20	19	8.00	8.00	4.00	4.00	4.00	–	–	–

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: 20.2
Price to sales: 2.38
Price to book: 2.14
Dividend yield: 3.22%