CMS ENERGY CORP financials

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CMS CIK 0000811156

Source: EDGAR filings · Built 2026-06-02T02:41:16Z

Custom taxonomy namespace: ffd

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow — — — -1.53B -264.00M -1.04B
EBITDA 3.03B 2.73B 2.42B 2.35B 2.26B 2.27B
Working Capital -76.00M -731.00M -56.00M 448.00M 423.00M -670.00M
Net Debt 18.41B 16.42B 15.35B 14.16B 12.07B 12.38B
Operating Margin 20.79% 20.31% 17.01% 14.71% 16.20% 19.72%
Net Margin 12.90% 13.70% 12.22% 10.06% 19.12% 12.10%
Return on Equity (ROE) 11.71% 12.19% 11.76% 11.93% 20.40% 13.74%
Return on Assets (ROA) 2.68% 2.79% 2.65% 2.67% 4.71% 2.54%
Current Ratio 0.98× 0.79× 0.98× 1.15× 1.19× 0.78×
Debt-to-Equity 2.07× 2.01× 2.06× 2.04× 1.89× 2.26×
Effective Tax Rate 19.71% 15.67% 15.41% 10.31% 11.54% 14.22%
Cash Conversion Ratio 2.09× 2.36× 2.60× 1.02× 1.34× 1.69×
Accruals Ratio -0.03× -0.04× -0.04× -0.00× -0.02× -0.02×
CapEx Coverage — — — 0.36× 0.87× 0.55×
Free Cash Flow Per Share — — — $-5.28 $-0.91 $-3.64

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 19.81× 20.02× 19.29× 22.22× 13.96× 23.11×
EV / EBITDA 13.13× 13.33× 13.43× 13.87× 13.68× 13.20×
P/S 2.58× 2.72× 2.35× 2.22× 2.66× 2.83×
P/B 2.40× 2.49× 2.34× 2.72× 2.94× 3.21×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 8.30B 7.32B 7.26B 8.32B 7.08B 6.24B
Revenues 8.54B 7.51B 7.46B 8.60B 7.33B 6.42B
Operating Income (Loss) 1.73B 1.49B 1.24B 1.22B 1.15B 1.23B
Income Tax Expense (Benefit) 246.00M 176.00M 147.00M 93.00M 95.00M 115.00M
Net Income (Loss) Attributable to Parent 1.07B 1.00B 887.00M 837.00M 1.35B 755.00M
Earnings Per Share, Basic $3.53 $3.34 $3.01 $2.85 $4.66 $2.65
Weighted Average Number of Shares Outstanding, Basic 300.40M 297.60M 291.20M 289.50M 289.00M 285.00M
Earnings Per Share, Diluted $3.53 $3.33 $3.01 $2.85 $4.66 $2.64
Weighted Average Number of Shares Outstanding, Diluted 301.00M 298.30M 291.70M 290.00M 289.50M 286.30M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 509.00M 103.00M 227.00M 164.00M 452.00M 32.00M
Assets, Current 3.47B 2.79B 2.84B 3.43B 2.63B 2.40B
Assets 39.94B 35.92B 33.52B 31.35B 28.75B 29.67B
Liabilities, Current 3.55B 3.52B 2.90B 2.98B 2.20B 3.07B
Long-term Debt, Excluding Current Maturities 17.81B 15.19B 14.51B 13.12B 12.05B 11.74B
Stockholders' Equity Attributable to Parent 9.14B 8.23B 7.54B 7.01B 6.63B 5.50B
Common Stock, Shares, Outstanding 306.40M 298.80M 294.40M 291.30M 289.80M 288.90M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 2.23B 2.37B 2.31B 855.00M 1.82B 1.28B
Payments to Acquire Property, Plant, and Equipment — — — 2.37B 2.08B 2.31B
Net Cash Provided by (Used in) Investing Activities -4.04B -3.05B -3.39B -2.48B -1.23B -2.87B
Net Cash Provided by (Used in) Financing Activities 2.24B 614.00M 1.14B 1.33B -295.00M 1.62B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (CMS CIK 0000811156), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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