Cms Energy revenue and financials

CMS · NYSE · USD

$64.37+0.53%+$0.34

Close · October 6, 2026

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%.

Annual revenue · 2025: $8.54B
  1. $6.4B2016
  2. $6.58B2017
  3. $6.87B2018
  4. $6.62B2019
  5. $6.42B2020
  6. $7.33B2021
  7. $8.6B2022
  8. $7.46B2023
  9. $7.52B2024
  10. $8.54B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets40,90540,28539,94138,00837,69936,29535,92034,81734,35533,90133,51732,513
Current assets2,8663,0253,4722,7453,1932,7822,7902,7032,9853,0912,8392,449
Cash and equivalents241175509362844465103412699802227157
Receivables1,0231,4161,323934936———————
Inventory824642791903736———————
Net property, plant and equipment32,32931,53330,70229,69028,84727,90327,48526,67125,87725,28025,09824,694
Long-term investments63.065.061.064.062.0———————
Current liabilities3,0633,5923,5483,0523,1962,6273,5212,1912,5282,2952,8952,719
Accounts payable1,2231,2311,3951,1411,139———————
Long-term debt18,17217,45617,80716,77416,781———————
Total debt19,30119,07818,89818,07318,045———————
Total liabilities30,50630,23430,23028,57728,72827,37227,17226,17625,81425,39525,39224,755
Total equity (incl. minority)10,39910,0519,7119,4318,9718,9238,7488,6418,5418,5068,1257,758
Retained earnings2,5462,6052,4432,3232,2102,1742,0351,9281,8301,7891,6581,495
Minority interest625585567567577588518530538560581572