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.
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CMS Energy Corporation (CMS) EBITDA
CMS Energy Corporation's EBITDA for fiscal 2025 was $3.0B, up 11.2% from $2.7B in fiscal 2024. Over the twelve months to 30 June 2026 it was $3.0B. Over the past ten years it has ranged from $1.9B (fiscal 2015) to $3.0B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 4 consecutive fiscal years. CMS Energy Corporation ranks 23rd of 40 Utilities Regulated Electric companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $3.0B | 11.22% |
| FY2024 | $2.7B | 12.92% |
| FY2023 | $2.4B | 2.77% |
| FY2022 | $2.4B | 3.98% |
| FY2021 | $2.3B | (0.57%) |
| FY2020 | $2.3B | 8.03% |
| FY2019 | $2.1B | 0.43% |
| FY2018 | $2.1B | (5.59%) |
| FY2017 | $2.2B | 7.35% |
| FY2016 | $2.1B | 7.21% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $572.0M | (36.59%) |
| Mar 2026 | $902.0M | 16.09% |
| Dec 2025 | $777.0M | 1.04% |
| Sep 2025 | $769.0M | 27.11% |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| EIX Edison International compare | $9.8B |
| ES Eversource Energy compare | $5.3B |
| DTE DTE Energy Company compare | $4.2B |
| CNP CenterPoint Energy, Inc. compare | $3.9B |
| PPL PPL Corporation compare | $3.8B |
| FE FirstEnergy Corporation compare | $3.7B |
| CMS CMS Energy Corporation | $3.0B |
| EVRG Evergy Inc. compare | $2.9B |
| LNT Alliant Energy Corporation compare | $1.8B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on CMS
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement