Saturday 17 October 2026 Export CMS’s income statement to Excel — free account

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
ROE Full definition →	+8 more TTM periods Free account	11.77%	11.78%	11.84%	10.74%
Piotroski F-Score Full definition →		5	5	5	5
ROA Full definition →		2.85%	2.80%	2.86%	2.59%
ROIC Full definition →		3.96%	3.86%	3.73%	3.56%
Return on Tangible Assets Full definition →		3.53%	3.47%	3.54%	3.16%
Average Days of Receivables Full definition →		41.10	56.55	58.59	42.37
Free Cash Flow per Share Full definition →		(5.03)	(5.29)	(6.64)	(6.16)
Free Cash Flow Full definition →		(1,508.00)	(1,589.00)	(2,035.00)	(1,910.00)
Capital Expenditures Full definition →		(3,668.00)	(3,824.00)	(3,975.00)	(4,058.00)
Other line items
Cash ROIC Full definition →		(5.40%)	(5.44%)	(6.92%)	(6.36%)
Accounts Receivable Turnover Full definition →		9.55	7.16	7.22	9.00
Accounts Payable Turnover Full definition →		2.99	2.62	3.18	2.88
Inventory Turnover Full definition →		3.52	4.19	5.69	4.39
Average Days of Payables Full definition →		133.31	156.91	130.03	131.05
Days of Inventory on Hand Full definition →		104.77	88.40	67.43	87.86
Tax Rate Full definition →		(0.19)	(0.20)	(0.21)	(0.21)
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		25.82%	26.23%	26.00%	26.89%
Share Based Compensation of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Interest Coverage Full definition →		2.19	2.16	2.10	1.99
Operating CF/Net income Full definition →		2.08	2.11	1.77	2.11
Depreciation/Fixed assets Full definition →		0.04	0.04	0.04	0.04
Capex/Depreciation Full definition →		(2.84)	(2.93)	(2.99)	(3.01)
Revenue per Share Full definition →		27.68	28.43	28.79	28.41
Operating CF per Share Full definition →		7.21	7.44	6.33	6.92
Capex per Share Full definition →		(12.24)	(12.73)	(12.97)	(13.08)
Capex to Sales Full definition →		0.44	0.45	0.45	0.46

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Columns are period end dates

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