CMS Energy Corporation
CMSNYSEUtilities● Active
$71.32
+$0.41(+0.58%)
Market Cap$22.0B
P/E Ratio—
52W High$80.36
52W Low$68.41
CMS Energy Corporation (CMS) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · CMS · as of 2026-06-10
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $1.07B | $1.00B | $0.89B | $0.83B | $0.75B |
| Depreciation & Amort. | $1.31B | $1.24B | $1.18B | $1.13B | $1.11B |
| Stock-Based Comp. | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Change in Working Capital | ($0.06B) | $0.26B | $0.42B | ($1.11B) | ($0.05B) |
| Net Cash from Operations | $2.23B | $2.37B | $2.31B | $0.85B | $1.82B |
| Investing Activities | |||||
| Capital Expenditure | ($3.82B) | ($3.02B) | ($3.22B) | ($2.37B) | ($2.08B) |
| Purchases of Investments | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Sales of Investments | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Net Cash from Investing | ($4.03B) | ($3.05B) | ($3.38B) | ($2.47B) | ($1.23B) |
| Financing Activities | |||||
| Common Stock Repurchased | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Dividends Paid | ($0.66B) | ($0.63B) | ($0.58B) | ($0.55B) | ($0.51B) |
| Debt Issued / Repaid | $2.39B | $0.98B | $1.49B | $1.81B | $0.10B |
| Net Cash from Financing | $2.24B | $0.61B | $1.14B | $1.32B | ($0.30B) |
| Free Cash Flow | |||||
| Free Cash Flow | ($1.59B) | ($0.65B) | ($0.91B) | ($1.52B) | ($0.26B) |
| FCF Margin %(computed) | -18.61% | -8.62% | -12.20% | -17.67% | -3.51% |
Data source: Financial Modeling Prep · Last updated: 2026-06-10 · USD · B
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About CMS Energy Corporation (CMS) Cash Flow Statement
CMS Energy Corporation generated operating cash flow of $2.23B and free cash flow of ($1.59B) for 2025 — a FCF margin of -18.61%. Capital expenditure was ($3.82B).
Frequently asked questions
CMS · 4 questionsCMS Energy Corporation generated free cash flow of ($1.59B) for 2025, down 145.2% year-over-year.
CMS free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10