CMS Energy Corporation (CMS)
NYSE · Utilities · Regulated Electric
Profile
CMS Energy Corporation
- Exchange
- NYSE
- Ticker
- CMS
- Sector
- Utilities
- Industry
- Regulated Electric
- Country
- US
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
Key facts
CMS Energy Corporation: key facts
- CMS Energy Corporation (NYSE: CMS) is a Regulated Electric company in the Utilities sector.
- In fiscal 2025, CMS Energy Corporation reported revenue of $8.5B and net income of $1.1B.
- Revenue grew 3.9% a year over the last 4 fiscal years.
- Free cash flow was positive in 0 of the last 5 fiscal years.
- Net income was positive in 5 of the last 5 fiscal years.
- Over the last twelve months, revenue was $9.0B and net income was $872.0M.
MonkScore
CMS Energy Corporation's MonkScore
MonkScore
MonkScore range: 10–20
as of October 2026
Sector rank: 167 of 208 in Utilities
How this score is madeDisclaimer
Pillar ranges
- Growth20–30
- Profitability20–30
- Quality10–20
- Market Conviction50–60
- Safety0–10
The MonkScore runs from 0 to 100. Each range is one of ten 10-point groups, from 0–10 to 90–100.
Each pillar's range uses the same ten groups. The exact score and the pillar scores are in the MonkStreet app.
Fundamentals
Figures from the statements
CMS Energy Corporation's annual figures and the last twelve months, in USD. Last report: 30 September 2026.
| Figure | Last 12 months | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $9.0B | $8.5B | $7.5B | $7.5B | $8.6B | $7.3B |
| Gross profit | $6.9B | $5.2B | $3.2B | $2.9B | $2.8B | $2.6B |
| Operating income | $1.2B | $1.7B | $1.5B | $1.2B | $1.2B | $1.1B |
| Net income | $872.0M | $1.1B | $1.0B | $887.0M | $837.0M | $1.4B |
| Operating cash flow | $2.3B | $2.2B | $2.4B | $2.3B | $855.0M | $1.8B |
| Capital expenditure | -$4.0B | -$3.8B | -$3.0B | -$3.2B | -$2.4B | -$2.1B |
| Free cash flow | -$1.7B | -$1.6B | -$648.0M | -$910.0M | -$1.5B | -$257.0M |
| Total debt | $20.2B | $18.9B | $16.6B | $15.7B | $14.3B | $12.5B |
| Cash | $451.0M | $615.0M | $103.0M | $227.0M | $164.0M | $452.0M |
Revenue growth a year
- 1-year
- 13.6%
- 3-year
- -0.2%
- 4-year
- 3.9%
Compound growth between fiscal years.
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Page built on 31 October 2026.