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

69.31 1.37 −1.94%
Market cap
$22.2B
P/E
32.7×
Fwd P/E
19.2×
Dividend yield
4.07%
F-score
5/9
Altman Z
0.86
Beneish M
−2.41
Dividend safety
27/100

CMS Energy Corporation (CMS) Revenue growth

Alert me on Revenue growth

CMS Energy Corporation's revenue growth over the twelve months to 30 September 2026 was 8.20%, down 5.4 percentage points from fiscal 2025 (13.6%). Over the past ten years it has ranged from −13.2% (fiscal 2023) to 17.3% (fiscal 2022); the current reading is higher than 82% of that period. That is in line with the Utilities Regulated Electric industry median of 7.91% and in line with the Utilities sector median of 8.09%.

Revenue growth, annual

Embed this chart

Annual newest first

Period Revenue growth Change (points)
FY2025 13.6% 12.92
FY2024 0.71% 13.90
FY2023 −13.2% (30.48)
FY2022 17.3% 3.10
FY2021 14.2% 17.30
FY2020 −3.11% 0.51
FY2019 −3.62% (8.03)
FY2018 4.41% 1.53
FY2017 2.88% 3.76
FY2016 −0.88% 9.19

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 8.02% 8.51
Jun 2026 −0.49% (12.06)
Mar 2026 11.6% (0.70)
Dec 2025 12.3% (3.68)
43 more quarters

Against its own ten years

Low −13.2% High 17.3%
Ten-year median 0.71%
Current reading's percentile 82

Revenue growth against peers

Company Revenue growth
DTE DTE Energy Company compare 12.4%
FE FirstEnergy Corporation compare 12.2%
EVRG Evergy Inc. compare 8.54%
CMS CMS Energy Corporation 8.20%
CNP CenterPoint Energy, Inc. compare 7.78%
PPL PPL Corporation compare 7.54%
LNT Alliant Energy Corporation compare 5.36%
ES Eversource Energy compare 4.62%
EIX Edison International compare 2.60%
Utilities Regulated Electric industry median 7.91%
Utilities sector median 8.09%
Market median 7.71%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

More on CMS