CMS Energy (CMS) reported $8.5B in revenue for fiscal 2025, +13.6% year on year. That ranks #559 by revenue among 2853 SEC filers and #37 in Utilities. Net income was $1.1B, a net margin of 12.5%. Revenue has grown 2.0% a year on average since 2011 ($6.5B then). The fiscal 2025 balance sheet shows $39.9B in total assets, $509M in cash and $17.8B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $8.5B | +13.6% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $1.7B | +16.1% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $1.1B | +6.8% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $2.2B | −5.7% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $2.4B | +14.4% | FY20222022-12-31 |
| Total assetsAssets | $39.9B | +11.2% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $9.1B | +11.1% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $509M | +394.2% | FY20252025-12-31 |
| Long-term debtLongTermDebtNoncurrent | $17.8B | +17.2% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $2.7B | $340M | Open → |
| Q2 20262026-06-30 | $1.8B | $120M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 42 of 82 companies compared | 12.5% | |
| Operating marginRank 49 of 79 companies compared | 20.2% | |
| Cash as share of revenueRank 30 of 82 companies compared | 6.0% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- CMS Energy Corp
- Ticker
- CMS
- Exchange
- NYSE
- SIC classification
- Electric & Other Services Combined (4931)
- Fiscal year end
- 12-31
- CIK
- 0000811156
Filings
- 10-QJul 28, 2026Open filing →
- 10-QApr 28, 2026Open filing →
- 10-KFeb 10, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| PPLPPL | $9.2B | $1.2B |
| AmerenAEE | $8.8B | $1.5B |
| FortisFTS | $8.7B | $1.4B |
| CMS EnergyCMS | $8.5B | $1.1B |
| UgiUGI | $7.3B | $678M |
| NiSourceNI | $6.5B | $930M |
| Hydro OneHRNNF | $6.5B | $966M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=CMS Energy — Key figures |url=https://companiesranked.com/en/company/cms-energy |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). CMS Energy — Key figures. CompaniesRanked. https://companiesranked.com/en/company/cms-energyBibTeX
@misc{companiesranked-en-company-cms-energy-2026,
author = {{CompaniesRanked}},
title = {{CMS Energy — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/cms-energy}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0000811156-26-000004 · February 10, 2026
{{cite web |title=CMS Energy — Key figures — 10-K (0000811156-26-000004) |url=https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-10}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.