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) Total debt
CMS Energy Corporation's total debt at the end of fiscal 2025 was $18.9B, up 14.5% from $16.5B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $19.3B. Over the past ten years it has ranged from $9.2B (fiscal 2015) to $18.9B (fiscal 2025) — the current reading is the highest in ten years. CMS Energy Corporation ranks 23rd of 40 Utilities Regulated Electric companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $18.9B | 14.53% |
| FY2024 | $16.5B | 6.12% |
| FY2023 | $15.6B | 8.82% |
| FY2022 | $14.3B | 14.55% |
| FY2021 | $12.5B | 0.67% |
| FY2020 | $12.4B | (5.82%) |
| FY2019 | $13.2B | 12.65% |
| FY2018 | $11.7B | 13.21% |
| FY2017 | $10.3B | 7.07% |
| FY2016 | $9.6B | 4.47% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $19.3B | 1.17% |
| Mar 2026 | $19.1B | 0.95% |
| Dec 2025 | $18.9B | 4.56% |
| Sep 2025 | $18.1B | 0.16% |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| EIX Edison International compare | $42.4B |
| ES Eversource Energy compare | $29.1B |
| FE FirstEnergy Corporation compare | $29.0B |
| DTE DTE Energy Company compare | $27.6B |
| CNP CenterPoint Energy, Inc. compare | $24.6B |
| PPL PPL Corporation compare | $20.3B |
| CMS CMS Energy Corporation | $19.3B |
| EVRG Evergy Inc. compare | $13.8B |
| LNT Alliant Energy Corporation compare | $12.1B |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
More on CMS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement