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) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

CMS · shares outstanding · updated Jun 8, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
300.6M▲ +1.00% YoY Change
FY · as of Dec 31, 2025 · Reported in USD
vs 297.6M in FY 2024
Diluted Shares Outstanding
300.6M
incl. options, RSUs, convertibles
Dilution Spread
+0.00%
Diluted vs Basic
YoY Change
+1.00%
year-over-year
Float (Free Float)
98.4M
publicly tradable shares
31.9% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-08

Shares Outstanding Growth Rate

3-Year CAGRincreasing
+1.3%
2022 → 2025
5-Year CAGRincreasing
+1.1%
2020 → 2025
10-Year CAGRincreasing
+0.9%
2015 → 2025
ⓘ

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 300.6M
300.6M
+1.00%
FY 2024
Diluted Shares: 298.3M
297.6M
+2.20%
FY 2023
Diluted Shares: 291.7M
291.2M
+0.59%
FY 2022
Diluted Shares: 290.0M
289.5M
+0.17%
FY 2021
Diluted Shares: 289.5M
289.0M
+1.40%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Utilities sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Utilities sector.

#SymbolCompanyShares (Basic)vs CMS
#1
NextEra Energy, Inc.NEE
NextEra Energy, Inc.
2.089B+595.0%
#2
The Southern CompanySO
The Southern Company
1.103B+267.0%
#3
National Grid plcNGG
National Grid plc
989.2M+229.1%
#4
Duke Energy CorporationDUK
Duke Energy Corporation
777.0M+158.5%
#5
Constellation Energy CorporationCEG
Constellation Energy Corporation
313.0M+4.1%
#6
CMS Energy CorporationCMS
CMS Energy CorporationYOU
300.6M—
#7
GE Vernova Inc.GEV
GE Vernova Inc.
272.0M-9.5%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

CMS Energy Corporation (CMS) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, CMS Energy Corporation reports 300.6M basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

CMS Energy Corporation's basic shares outstanding (300.6M) represents currently issued shares. Diluted shares outstanding (300.6M) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +0.00%.

Shares Outstanding vs. Float (Free Float)

CMS Energy Corporation's float is 98.4M (31.9% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float98.4M(31.9%)
Outstanding308.9M

ⓘ Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · USD

About shares outstanding & methodology

CMS Energy Corporation (CMS) shares outstanding history from 2006 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

CMS Energy Corporation shares outstanding for the fiscal year ending December 31, 2025 were 300.6M, a 1.00% increase year-over-year. CMS Energy Corporation FY 2025 shares outstanding were 300.6M, a +1.00% increase from FY 2024.

CMS Energy Corporation is a leading company operating in the Utilities sector. The company's share count trajectory — with a 10-year CAGR of +0.9% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.
Market capSplitsEarningsFinancials (Income)Cash on handFree cash flowNet incomePrice history

Frequently asked questions

CMS shares outstanding · 4 questions

As of December 31, 2025, CMS Energy Corporation (CMS) has approximately 300.6M basic shares outstanding and 300.6M diluted shares outstanding. This represents a +1.00% year-over-year increase from FY 2024 (297.6M). The increase may reflect equity compensation issuances or secondary offerings.

CMS shares outstandinghow many shares does CMS haveCMS basic shares 2025CMS diluted shares

▸ Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · CMS Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-08