Cms Energy revenue and financials
$64.25Change from previous close: +0.79%Absolute change: +$0.51
In the fiscal year ended December 2025, Cms Energy reported revenue of $8.54B (+13.63% year over year). Net income was $1.07B, a net margin of 12.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +13.63%
- 2025 vs 2024
- Net income growth
- +6.78%
- 2025 vs 2024
- Net margin
- 12.5%
- 2024: 13.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,539 | 7,515 | 7,462 | 8,596 | 7,329 | 6,418 | 6,624 | 6,873 | 6,583 | 6,399 |
| Cost of revenue | 4,993 | 4,306 | 4,600 | 5,834 | — | — | — | — | — | — |
| Gross profit | 3,546 | 3,209 | 2,862 | 2,762 | — | — | — | — | — | — |
| Operating income | 1,727 | 1,487 | 1,235 | 1,224 | 1,146 | 1,230 | 1,115 | 1,162 | 1,338 | 1,256 |
| EBIT | 2,046 | 1,831 | 1,597 | 1,421 | — | — | — | — | — | — |
| EBITDA | 3,352 | 3,071 | 2,777 | 2,547 | — | — | — | — | — | — |
| Interest expense | 798 | 708 | 643 | 519 | 500 | 505 | 460 | 458 | 438 | 435 |
| Pre-tax income | 1,248 | 1,123 | 954 | 902 | — | — | — | — | — | — |
| Income tax | 246 | 176 | 147 | 93.0 | 95.0 | 115 | 131 | 115 | 424 | 273 |
| Net income | 1,071 | 1,003 | 887 | 837 | 1,353 | 755 | 680 | 657 | 460 | 551 |
| Net income to common shareholders | 1,061 | 993 | 877 | 827 | — | — | — | — | — | — |
| Basic EPS | 3.53 | 3.34 | 3.01 | 2.85 | 4.66 | 2.65 | 2.40 | 2.33 | 1.64 | 1.99 |
| Diluted EPS | 3.53 | 3.33 | 3.01 | 2.85 | 4.66 | 2.64 | 2.39 | 2.32 | 1.64 | 1.98 |
| Average shares (basic) | 306 | 299 | 294 | 291 | — | — | — | — | — | — |
| Average shares (diluted) | 301 | 298 | 292 | 290 | 290 | 286 | 284 | 283 | 281 | 279 |