Cms Energy revenue and financials
$64.03Change from previous close: +0.45%Absolute change: +$0.29
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,235 | 2,370 | 2,309 | 855 | 1,819 | 1,276 | 1,790 | 1,703 | 1,705 | 1,629 |
| Depreciation and amortization | 1,306 | 1,240 | 1,180 | 1,126 | 1,114 | 1,043 | 989 | 933 | 881 | 811 |
| Capital expenditure | -3,824 | -3,018 | -3,219 | -2,374 | -2,076 | -2,311 | -2,097 | -2,074 | -1,665 | -1,672 |
| Investing cash flow | -4,038 | -3,054 | -3,386 | -2,476 | -1,233 | — | — | — | — | — |
| Financing cash flow | 2,240 | 614 | 1,143 | 1,327 | -295 | — | — | — | — | — |
| Dividends paid | -663 | -626 | -579 | -544 | -508 | — | — | — | — | — |
| Debt issued | 3,609 | 1,962 | 3,624 | 1,919 | 335 | — | — | — | — | — |
| Debt repaid | -1,215 | -980 | -2,132 | -106 | -235 | — | — | — | — | — |
| Net change in cash | 437 | -70.0 | 66.0 | -294 | 291 | — | — | — | — | — |
| Free cash flow | -1,589 | -648 | -910 | -1,519 | -257 | — | — | — | — | — |
| Levered free cash flow | -1,748 | -805 | -917 | -1,706 | -895 | — | — | — | — | — |