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 revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $5.64B | $5.06B | $4.75B | $5.42B | $4.96B | $4.37B | $4.44B | $4.56B | $4.45B | $4.38B | 66.0% | +11.4% |
| Gas Utility | $2.49B | $2.14B | $2.42B | $2.73B | $2.06B | $1.82B | $1.94B | $1.90B | $1.77B | $1.69B | 29.2% | +16.6% |
| NorthStar Clean Energy | $408.00M | $316.00M | $297.00M | $445.00M | $308.00M | $229.00M | – | – | – | – | 4.8% | +29.1% |
| Enterprises | – | – | – | – | $308.00M | $229.00M | $248.00M | $252.00M | $229.00M | $215.00M | – | – |
| Ener Bank | – | – | – | – | – | $262.00M | $221.00M | $157.00M | $132.00M | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utility | $1.10B | $982.00M | $772.00M | $789.00M | – | – | – | – | – | – | +11.9% |
| Gas Utility | $671.00M | $534.00M | $498.00M | $446.00M | – | – | – | – | – | – | +25.7% |
| NorthStar Clean Energy | -$28.00M | -$10.00M | -$19.00M | $2.00M | – | – | – | – | – | – | +180.0% |
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.