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.

Revenue
+8.02%
EPS
−131.6%
Free cash flow
+26.3%
Total debt
+11.8%

Quarter to September 2026, against a year earlier

70.50 0.48 −0.68%
Market cap
$22.2B
P/E
33.3×
Fwd P/E
19.2×
Dividend yield
4.00%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100

CMS Energy Corporation (CMS) Revenue

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CMS Energy Corporation's revenue for fiscal 2025 was $8.5B, up 13.6% from $7.5B in fiscal 2024. Over the twelve months to 30 September 2026 it was $9.0B. Over the past ten years it has ranged from $6.4B (fiscal 2016) to $8.6B (fiscal 2022); the current reading is higher than 91% of that period. CMS Energy Corporation ranks 22nd of 37 Utilities Regulated Electric companies by revenue.

Revenue, annual

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Annual newest first

Period Revenue Change
FY2025 $8.5B 13.63%
FY2024 $7.5B 0.71%
FY2023 $7.5B (13.19%)
FY2022 $8.6B 17.29%
FY2021 $7.3B 14.19%
FY2020 $6.4B (3.11%)
FY2019 $6.6B (3.62%)
FY2018 $6.9B 4.41%
FY2017 $6.6B 2.88%
FY2016 $6.4B (0.88%)

Quarterly newest first

Period Revenue Change
Sep 2026 $2.2B 19.35%
Jun 2026 $1.8B (33.00%)
Mar 2026 $2.7B 22.26%
Dec 2025 $2.2B 10.49%
43 more quarters

Against its own ten years

Low $6.4B High $8.6B
Ten-year median $6.9B
Current reading's percentile 91

Revenue against peers

What Revenue is

Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.

Reported line item

The full definition of Revenue →

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