NYSE:CMS
Cms Energy Corp.
Cms Energy Corp.'s revenue grew 13.6% in fiscal 2025 to $8.5B while operating margin rose to 20.2%. The diluted share count rose 0.9%.Summary generated from Cms Energy Corp.'s SEC filings. Latest annual report filed Feb 10, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$8.5B
Revenue growth+13.6%
Revenue, 5-yr CAGR+5.9%
Gross marginn/a
Operating margin20.2%
Net margin12.5%
ROIC5.3%
Return on equity12.3%
Debt / equity2.05
Free cash flown/a
FCF marginn/a
Share count change+0.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 7,329 | 8,596 | 7,462 | 7,515 | 8,539 |
| Operating income | 1,146 | 1,224 | 1,235 | 1,487 | 1,727 |
| Net income | 1,353 | 837 | 887 | 1,003 | 1,071 |
| Free cash flow | −257 | −1,519 | n/a | n/a | n/a |
Recent filings
- 4Insider transaction report
Aug 3, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 28, 2026 - 8-KResults of operations and financial condition
Jul 28, 2026 - 4Insider transaction report
Jun 16, 2026 - 8-KDirector or officer change
Jun 3, 2026 - 8-KOther events
May 13, 2026 - 8-KAmendment to articles or bylaws
May 13, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 28, 2026