CMS Energy Corp (CMSD) income statement

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

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/304% below fair value

$19.76+0.06 (+0.30%)

Close on Oct 30, 2026Market cap $6.14BP/E 5.9Yield 10.98%

CMS Energy Corp income statement

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

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	8,813	8,822	8,539	8,295	8,017	7,786	7,515	7,476	7,406	7,354	7,462	7,790	8,141	8,506	8,596	8,351	8,052	7,690	7,329	7,023	6,805	6,629	6,418	6,486	6,525	6,588	6,624	6,879	6,932	6,979	6,873	6,822	6,750	6,707	6,583	6,445	6,505	6,427	6,399	6,268
Total Costs & Expenses	7,143	7,099	6,812	6,578	6,414	6,217	6,028	6,008	6,034	6,021	6,227	6,690	7,054	7,424	7,372	7,194	6,893	6,518	6,183	5,774	5,476	5,304	5,188	5,184	5,212	5,305	5,509	5,701	5,811	5,821	5,711	5,531	5,423	5,394	5,245	5,206	5,221	5,109	5,143	5,032
Operating Income	1,670	1,723	1,727	1,717	1,603	1,569	1,487	1,468	1,372	1,333	1,235	1,100	1,087	1,082	1,224	1,157	1,159	1,172	1,146	1,249	1,329	1,325	1,230	1,234	1,245	1,215	1,115	1,178	1,121	1,158	1,162	1,291	1,327	1,313	1,338	1,239	1,284	1,318	1,256	1,221
Interest Expense	817	806	789	768	743	717	708	700	686	673	643	610	576	542	519	506	501	500	500	501	506	508	505	469	472	476	460	506	487	468	458	447	444	442	438	439	438	436	435	415
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.00	4.00	3.00	3.00	3.00	3.00	4.00	4.00	4.00	5.00	6.00	7.00	7.00	8.00	8.00	10	11	10	11	9.00	12	12	10	10	6.00	13
Income from Equity Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.00	3.00	6.00	8.00	10	12	8.00	4.00	5.00	5.00	10	14	10	9.00	3.00	5.00	9.00	11	15	14	15	11	13	13	13	17
Other Non-Operating Income	273	335	310	310	332	308	344	366	359	392	362	331	308	205	197	186	176	181	177	121	105	89	84	127	130	125	109	78	69	64	70	26	14	1.00	-14	-12	-6.00	1.00	5.00	48
Pretax Income	1,126	1,252	1,248	1,259	1,192	1,160	1,123	1,134	1,045	1,052	954	821	819	745	902	837	834	853	823	869	928	906	809	801	812	773	764	750	703	754	774	870	897	872	886	788	840	883	826	869
Income Tax Expense	239	268	246	244	202	181	176	191	176	176	147	102	110	83	93	77	84	92	95	117	131	133	115	112	114	110	131	127	118	123	115	322	346	368	424	246	284	295	273	287
Income from Continuing Operations	1,016	1,097	1,061	1,037	1,013	1,010	993	1,037	960	959	876	738	727	678	823	769	762	775	746	767	809	780	697	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Discontinued Operations	–	–	–	–	–	–	0	–	–	–	1.00	1.00	1.00	0	4.00	524	554	572	602	106	88	78	58	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	887	984	1,002	1,015	990	979	947	943	869	877	808	720	710	662	813	1,284	1,304	1,333	1,330	858	885	851	752	758	755	712	682	623	585	631	659	548	551	504	462	542	556	588	553	582
Minority Interest in Earnings	-139	-123	-69	-32	-33	-41	-56	-104	-101	-93	-79	-29	-28	-26	-24	-21	-25	-24	-23	-14	-16	-10	-3.00	-6.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	–
Net Income	1,026	1,107	1,071	1,047	1,023	1,020	1,003	1,047	970	970	887	749	738	688	837	1,305	1,329	1,357	1,353	872	901	861	755	764	753	710	680	621	583	629	657	546	549	502	460	540	554	586	551	580
Preferred Dividends	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	9.00	10	7.00	5.00	3.00	0	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	1,016	1,097	1,061	1,037	1,013	1,010	993	1,037	960	960	877	739	728	678	827	1,296	1,319	1,350	1,348	869	901	861	755	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	3.34	3.63	3.53	3.48	3.40	3.38	3.34	3.50	3.26	3.28	3.01	2.54	2.50	2.33	2.85	4.47	4.55	4.66	4.66	3.01	3.13	3.00	2.65	2.69	2.66	2.51	2.40	2.19	2.06	2.22	2.33	1.94	1.95	1.79	1.64	1.93	1.99	2.11	1.99	2.10
EPS (Diluted)(per share)	3.33	3.62	3.53	3.47	3.39	3.38	3.33	3.49	3.25	3.27	3.01	2.54	2.50	2.33	2.85	4.47	4.55	4.66	4.66	3.01	3.13	3.00	2.64	2.67	2.64	2.49	2.39	2.19	2.05	2.21	2.32	1.93	1.95	1.79	1.64	1.93	1.99	2.11	1.98	2.09
Shares Outstanding (Basic, Weighted)(shares)	305	302	300	299	298	298	298	296	294	293	291	291	290	290	290	289	289	289	289	288	287	286	285	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shares Outstanding (Diluted, Weighted)(shares)	306	303	301	299	299	299	298	297	295	293	292	291	291	290	290	290	290	290	290	289	288	287	286	286	285	285	284	284	284	283	283	282	282	281	281	280	280	279	279	278
Dividend per Share(per share)	2.23	2.20	2.17	2.14	2.12	2.09	2.06	2.03	2.01	1.98	1.95	1.92	1.90	1.87	1.84	1.82	1.79	1.77	1.74	1.71	1.69	1.66	1.63	1.61	1.58	1.56	1.53	1.51	1.48	1.46	1.43	1.41	1.38	1.36	1.33	1.31	1.29	1.26	1.24	1.22
EBITDA	3,020	3,053	3,033	3,007	2,878	2,829	2,727	2,692	2,585	2,528	2,415	2,266	2,234	2,216	2,350	2,269	2,278	2,293	2,260	2,361	2,417	2,391	2,273	2,258	2,258	2,222	2,104	2,151	2,085	2,110	2,095	2,209	2,232	2,211	2,219	2,105	2,140	2,153	2,067	2,004

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: 5.9
Price to sales: 0.70
Price to book: 0.63
Dividend yield: 10.98%