Financial Statements · From SEC 10-K & 10-Q XBRL Filings
CMS Energy Corporation Revenue & Financial Statements
CMS Energy Corporation reported revenue of $8.5B for the fiscal year ended December 31, 2025, up 16.7% year over year, with net income of $1.0B and diluted EPS of $3.53.
- Company
- CMS Energy Corporation CMS · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 7.1B | 8.3B | 7.3B | 7.3B | 8.5B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | 1.1B | 1.2B | 1.2B | 1.5B | 1.7B |
| Pretax income | 823.0M | 902.0M | 954.0M | 1.1B | 1.2B |
| Net income | 1.4B | 844.0M | 893.0M | 1.0B | 1.0B |
| Diluted EPS | 4.66 | 2.85 | 3.01 | 3.33 | 3.53 |
| EBITDA | 2.3B | 2.4B | 2.4B | 2.7B | 3.0B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.1B | 1.6B | 1.7B | 1.9B | 2.4B | 1.8B | 2.0B | 2.2B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 412.0M | 283.0M | 367.0M | 425.0M | 494.0M | 317.0M | 481.0M | 435.0M |
| Pretax income | 321.0M | 223.0M | 273.0M | 306.0M | 358.0M | 255.0M | 340.0M | 295.0M |
| Net income | 288.0M | 198.0M | 253.0M | 269.0M | 304.0M | 201.0M | 277.0M | 242.0M |
| Diluted EPS | 0.96 | 0.65 | 0.84 | 0.88 | 1.01 | 0.66 | 0.92 | 0.94 |
| EBITDA | 780.0M | 556.0M | 640.0M | 751.0M | 882.0M | 605.0M | 769.0M | 777.0M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 28.8B | 31.4B | 33.5B | 35.9B | 39.9B |
| Current assets | 2.6B | 3.4B | 2.8B | 2.8B | 3.5B |
| Cash & equivalents | 452.0M | 164.0M | 227.0M | 103.0M | 509.0M |
| Total liabilities | — | — | — | — | — |
| Current liabilities | 2.2B | 3.0B | 2.9B | 3.5B | 3.5B |
| Long-term debt | 12.0B | 13.1B | 14.5B | 15.2B | 17.8B |
| Total debt | 12.4B | 14.2B | 15.5B | 16.4B | 18.8B |
| Stockholders’ equity | 6.6B | 7.0B | 7.5B | 8.2B | 9.1B |
| Net debt | 12.0B | 14.0B | 15.3B | 16.3B | 18.2B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1.8B | 855.0M | 2.3B | 2.4B | 2.2B |
| Investing cash flow | (1.2B) | (2.5B) | (3.4B) | (3.1B) | (4.0B) |
| Financing cash flow | (295.0M) | 1.3B | 1.1B | 614.0M | 2.2B |
| Capital expenditure | 2.1B | 2.4B | — | — | — |
| Free cash flow | (257.0M) | (1.5B) | — | — | — |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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