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) Operating cash flow
CMS Energy Corporation's operating cash flow for fiscal 2025 was $2.2B, down 5.70% from $2.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.1B. Over the past ten years it has ranged from $855.0M (fiscal 2022) to $2.4B (fiscal 2024); the current reading is higher than 82% of that period. CMS Energy Corporation ranks 24th of 40 Utilities Regulated Electric companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $2.2B | (5.70%) |
| FY2024 | $2.4B | 2.64% |
| FY2023 | $2.3B | 170.06% |
| FY2022 | $855.0M | (53.00%) |
| FY2021 | $1.8B | 42.55% |
| FY2020 | $1.3B | (28.72%) |
| FY2019 | $1.8B | 5.11% |
| FY2018 | $1.7B | (0.12%) |
| FY2017 | $1.7B | 4.67% |
| FY2016 | $1.6B | (0.67%) |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | $622.0M | (11.77%) |
| Mar 2026 | $705.0M | 47.49% |
| Dec 2025 | $478.0M | 39.36% |
| Sep 2025 | $343.0M | (17.15%) |
| 42 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| EIX Edison International compare | $6.4B |
| ES Eversource Energy compare | $4.4B |
| DTE DTE Energy Company compare | $3.4B |
| FE FirstEnergy Corporation compare | $3.1B |
| PPL PPL Corporation compare | $2.7B |
| CNP CenterPoint Energy, Inc. compare | $2.6B |
| CMS CMS Energy Corporation | $2.1B |
| EVRG Evergy Inc. compare | $2.0B |
| LNT Alliant Energy Corporation compare | $1.2B |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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