CMS Energy Corporation

CMSNYSEUtilities● Active

$71.62

$-0.42(-0.58%)

Market Cap$22.1B

P/E Ratio—

52W High$80.36

52W Low$68.41

Avg Volume2.8M

Open$70.80

Beta0.35

Net Income Financials Revenue

CMS Energy Corporation (CMS) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

CMS · net income · updated Jun 8, 2026

Core profitability metrics

CMS · net income · margin · TTM · CAGR

Net income was $1.07B for FY2025 (fiscal year ending 2025-12-31), up 6.8% year-over-year. Net profit margin was 12.5%. Based on available data, CMS Energy Corporation has been profitable since at least 2011.

FY2025 Net Income$1.07B▲ +6.8% YoY

Trailing 12M (TTM)$1.11Btrailing 4 quarters sum

Net Profit Margin12.5%$1.07B ÷ $8.54B

YoY Change+6.8%—

5-Year CAGR+7.2%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · CMS net income history · CMS profit margin

Annual net income data

CMS · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$1.07B▲ +6.8%12.5%$8.54B

FY2024$1.00B▲ +13.1%13.3%$7.51B

FY2023$887.0M▲ +6.0%11.9%$7.46B

FY2022$837.0M▼ 38.1%9.7%$8.60B

FY2021$1.35B▲ +79.2%18.5%$7.33B

Net income vs peers (Utilities)

CMS vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

CMS Energy CorporationYOU

CMS

$1.07B+6.8%12.5%

16%

Duke Energy Corporation

Constellation Energy Corporation

CEG

$2.32B-38.1%9.1%

34%

Utilities · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

CMS Energy Corporation (CMS) reported net income of $1.07B for FY2025 (fiscal year ending 2025-12-31), up 6.8% year-over-year. The net profit margin was 12.5% — meaning the company kept $0.13 of every dollar of revenue as profit.

Based on available data, CMS Energy Corporation has been profitable since at least 2011. Net income reached a peak of $1.35B in FY2021. Data available for 15 fiscal years.

CMS Energy Corporation's net profit margin was 12.5% for FY2025, based on the latest annual results.

Investors sometimes search for "CMS Energy Corporation net worth" — the company's market capitalization is a separate figure from CMS net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

CMS net income · 5 questions

CMS Energy Corporation is profitable. The company reported net income of $1.07B for FY2025, a net profit margin of 12.5%. Net income was up 6.8% year-over-year. Based on available data, CMS Energy Corporation has been profitable since at least 2011.

is CMS profitabledoes CMS make a profitCMS profitabilityCMS profitable company

▸ Source: FMP /income-statement · GAAP · CMS Energy Corporation · CMS Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026