CMS Energy Corporation
CMSNYSEUtilities● Active
$71.14
$-0.90(-1.24%)
Market Cap$22.0B
P/E Ratio—
52W High$80.36
52W Low$68.41
CMS Energy Corporation (CMS) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · CMS · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $8.54B | $7.51B | $7.46B | $8.60B | $7.33B |
| Cost of Revenue | $3.34B | $4.31B | $4.60B | $5.83B | $4.68B |
| Gross Profit | $5.20B | $3.21B | $2.86B | $2.76B | $2.65B |
| Gross Margin %(computed) | 60.91% | 42.70% | 38.35% | 32.13% | 36.14% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $3.47B | $0.00B | $0.00B | $0.00B | $0.00B |
| Total Operating Expenses | $3.47B | $1.72B | $1.63B | $1.54B | $1.50B |
| Operating Income | $1.73B | $1.49B | $1.24B | $1.22B | $1.15B |
| Operating Margin %(computed) | 20.22% | 19.79% | 16.55% | 14.24% | 15.64% |
| Interest Income | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Interest Expense | $0.79B | $0.71B | $0.64B | $0.52B | $0.50B |
| Income Before Tax | $1.25B | $1.12B | $0.95B | $0.90B | $0.82B |
| Income Tax Expense | $0.25B | $0.18B | $0.15B | $0.09B | $0.10B |
| Net Income | $1.07B | $1.00B | $0.89B | $0.84B | $1.35B |
| Net Margin %(computed) | 12.54% | 13.35% | 11.89% | 9.74% | 18.46% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $3.53 | $3.34 | $3.01 | $2.84 | $4.66 |
| Wtd Avg Shares | 0.30B | 0.30B | 0.29B | 0.29B | 0.29B |
| EBITDA | $3.19B | $3.07B | $2.78B | $2.55B | $2.44B |
| EBITDA Margin %(computed) | 37.32% | 40.86% | 37.22% | 29.63% | 33.25% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About CMS Energy Corporation (CMS) Income Statement
CMS Energy Corporation (CMS) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, CMS reported revenue of $8.54B, gross profit of $5.20B (gross margin 60.91%), and net income of $1.07B — a net profit margin of 12.54%.
Frequently asked questions
CMS · 4 questionsCMS Energy Corporation (CMS) reported revenue of $8.54B for 2025, up 13.6% year-over-year.
CMS revenueCMS salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08