CMS Energy Corporation

CMS Utilities Utilities Regulated Electric

CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 43.9%, free cash flow grew 26.6% and total debt rose 6.96%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years; insiders bought in the last twelve months.

68.93 1.99 +2.97%
Market cap
$21.0B
P/E
20.7×
Fwd P/E
18.6×
Dividend yield
3.27%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100

CMS Energy Corporation 10-K filed Feb 10, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 11:30 AM ET · Document on sec.gov · Filing index

What changed

Item 1A, Risk Factors, against the 10-K filed Feb 11, 2025: 4 added · 34 modified

38 more changes in this Item, word by word, in Powerpack.

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