Cms Energy revenue and financials

CMS · NYSE · USD

$64.03+0.45%+$0.29

Close · October 5, 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 revenue1,8292,7302,2332,0211,8382,4471,9891,7431,6072,1761,9501,673
Cost of revenue1,1391,6551,3211,1451,124———————
Gross profit6901,075912876714———————
Operating income264490435481317———————
EBIT314541484529364536467409324456451316
EBITDA622953626817652924599682597824636578
Interest expense210204209203199———————
Pre-tax income129362295340255358306273223321317184
Income tax33.085.053.068.062.063.051.026.041.058.066.011.0
Net income120340289277201304265253198287309176
Net income to common shareholders117338286275198302262251195285306174
Basic EPS0.381.100.940.920.661.010.880.840.650.961.050.60
Diluted EPS0.371.100.940.920.661.010.880.840.650.961.050.60
Average shares (basic)310306306300299298299298298297293291
Average shares (diluted)311307306300299299299299299297293291
Dividend per share0.570.570.540.540.540.540.520.520.520.520.490.49