Companies: 10,795·Total market cap: $144.5T
CMS Energy Corporation

CMS Energy Corporation

CMSNYSEUtilities● Active
$71.63
$-0.41(-0.56%)
Market Cap$22.1B
P/E Ratio—
52W High$80.36
52W Low$68.41
Cash on HandFinancialsRevenue

CMS Energy Corporation (CMS) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

CMS · cash on hand · updated Dec 31, 2025

Core cash position

Cash & Short-Term Investments (CCE + ST Investments)
$615.0M▲ +497.1% vs prior year
FY · as of Dec 31, 2025 · Reported in USD
Cash & Cash Equiv. (CCE)
$615.0M
cashAndCashEquivalents
Short-Term Investments
$0
shortTermInvestments
YoY Change vs Prior Year
+497.1%
vs prior fiscal year
Latest Quarter
$263.0M
Q1 2026
Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash & ST Investments$615.0MCash on Hand
Total Debt$18.94BTotal Debt
Net Cash / Net Debt−$18.32BNet Debt Position
Cash vs Debt Ratio
Cash 3%Debt 97%

CMS Energy Corporation carries a net debt position of $18.32B. Total debt ($18.94B) exceeds cash on hand ($615.0M). CMS Energy Corporation cash vs debt ratio: 3% cash / 97% debt.

Net Cash = Cash & ST Investments − Total Debt$615.0M − $18.94B = −$18.32B

Cash on hand history

YoY Increase
YoY Decrease
Latest Year
CMS annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

DateCash & ST InvestmentsYoY Change
Dec 31, 2025Latest$615.0M+497.1%
Dec 31, 2024$103.0M-54.6%
Dec 31, 2023$227.0M+38.4%
Dec 31, 2022$164.0M-63.7%
Dec 31, 2021$452.0M+1312.5%
CMS cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Utilities Sector Cash Reserves Comparison

#CompanyCash & ST Inv.Cash/MCap
#1
GE Vernova Inc.
GE Vernova Inc.
GEV
$8.85B3.5%#2
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$2.81B1.6%#3
The Southern Company
The Southern Company
SO
$1.64B1.6%
#4
CMS Energy Corporation
CMS Energy CorporationYOU
CMS
$615.0M2.8%
#5
Duke Energy Corporation
Duke Energy Corporation
DUK
$245.0M0.3%
Utilities sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

CMS Energy Corporation (CMS) cash on hand as of December 31, 2025 is $615.0M, comprising $615.0M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as CMS Energy Corporation cash and short-term investments on the balance sheet (10-K filing). Also referred to as CMS Energy Corporation cash reserves or cash position.

CMS Energy Corporation annual cash on hand history shows increased +497.1% in 2025: increased +497.1% in 2025. CMS Energy Corporation cash reserves in 2025 reflect the company's capital allocation strategy.

CMS Energy Corporation carries total debt of $18.94B against cash of $615.0M, resulting in a net debt position of -$18.32B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.
Financial statementsFree cash flowNet incomeRevenueMarket capP/E ratioEarningsPrice history

Frequently asked questions

CMS cash on hand · 5 questions

As of December 31, 2025, CMS Energy Corporation (CMS) has $615,000,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $615,000,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $263,000,000. Data sourced from the annual 10-K filing via FMP.

CMS cash on handCMS cash reservesCMS cash 2025how much cash does CMS have

▸ Source: FMP /balance-sheet-statement · US GAAP · CMS Energy Corporation · CMS Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025