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

CMS Energy Corporation

CMSNYSEUtilities● Active
$70.91
$-1.13(-1.56%)
Market Cap$21.9B
P/E Ratio—
52W High$80.36
52W Low$68.41
Overview

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

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 IncomeNet LossNet Margin %★ First Profit: 2011

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

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$1.07B▲ +6.8%12.5%
FY2024$1.00B▲ +13.1%13.3%
FY2023$887.0M▲ +6.0%11.9%
FY2022$837.0M▼ 38.1%9.7%
FY2021$1.35B▲ +79.2%18.5%

Net income vs peers (Utilities)

#CompanyNet IncomeYoY
#1
CMS Energy Corporation
CMS Energy CorporationYOU
CMS
$1.07B+6.8%
#2
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$6.83B-1.6%#3
Duke Energy Corporation
Duke Energy Corporation
DUK
$4.97B+10.2%#4
GE Vernova Inc.
GE Vernova Inc.
GEV
$4.88B+214.7%#5
The Southern Company
The Southern Company
SO
$4.34B-1.4%#6
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$2.32B-38.1%
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.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree 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