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CMS Energy Corporation CMS
$ 71.11 0.83%
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Quarterly report 2026-Q2
added 07-28-2026

CMS Energy Corporation Income Statement 2025-2007 | CMS

Brief overview of financial results at CMS Energy Corporation

The figures are compared over a five-year interval. CMS Energy Corporation reported revenue of 6.4 billion dollars in 2020 and 8.5 billion dollars by 2025. The five-year change reached +33%, while CAGR stood at 5.9%. The direction is positive, but the growth rate is not particularly high.

EBITDA was $2.3 billion at the beginning and $3 billion at the end of the period (+33.4%). There was no major divergence between EBITDA and revenue. EBITDA margin was 35.4% at the start and 35.5% at the end. EBITDA as a share of revenue remained steady.

The net result moved from $755 million to $1.1 billion, or +41.9%. There was no meaningful strengthening in net profitability.

Market capitalization changed from 15.5 billion dollars to 22.2 billion dollars (+42.7%). Higher capitalization indicates improving investor confidence.

Financial takeaway

The results point to consistent and sustainable progress. The constructive conclusion rests on revenue expansion, a stronger final result and a steady EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement CMS Energy Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

22.2 B 20.5 B 16.4 B 17.7 B 18.3 B 15.5 B 19.3 B 14.5 B 12.4 B 11.7 B 10.7 B 10.2 B 7.22 B 6.69 B 5.46 B 3.57 B 2.71 B - -

Shares

300 M 298 M 291 M 290 M 289 M 285 M 283 M 282 M 280 M 278 M 276 M 271 M 265 M 261 M 251 M 250 M 228 M - -

Historical Prices

73.8 69 56.1 61 63.5 54.5 64.4 47.3 39.4 36.4 32.2 30.3 21.7 19.3 15.6 14.3 11.9 15.5 18.2

Net Income

1.07 B 1 B 887 M 837 M 1.35 B 755 M 680 M 657 M 460 M 551 M 523 M 477 M 452 M 382 M 415 M 340 M 229 M 295 M -

Revenue

8.54 B 7.52 B 7.46 B 8.6 B 7.33 B 6.42 B 6.84 B 6.87 B 6.58 B 6.4 B 6.46 B 7.18 B 6.57 B 6.25 B 6.5 B 6.43 B 6.2 B 6.81 B -

Gross Profit

- - - - - - 2.56 B 2.4 B 2.5 B 2.39 B 2.18 B 2.09 B 2 B 1.83 B 2.99 B - - - -

Operating Income

1.73 B 1.49 B 1.24 B 1.22 B 1.15 B 1.23 B 1.12 B 1.16 B 1.34 B 1.26 B 1.18 B 1.15 B 1.14 B 1 B 1 B 978 M 698 M 794 M -

Interest Expense

- - 643 M 519 M 500 M 505 M 460 M 458 M 438 M 435 M 396 M 407 M 398 M 389 M 415 M 431 M 435 M 400 M -

EBITDA

3.03 B 2.73 B 2.42 B 2.35 B 2.26 B 2.27 B 2.23 B 2.1 B 2.22 B 2.11 B 1.91 B 1.84 B 1.77 B 1.6 B 1.55 B 1.55 B 1.27 B 1.38 B -

Operating Expenses

- - - - - - 1.32 B 1.24 B 1.16 B 1.09 B 1.01 B 937 M 862 M 827 M 1.99 B 5.45 B 5.51 B 6.01 B -

All numbers in USD currency

Quarterly Income Statement CMS Energy Corporation

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Shares

310 M 306 M 306 M 300 M 298 M 298 M 299 M 298 M 298 M 296 M 294 M 291 M 291 M 291 M 291 M 290 M 290 M 289 M 290 M 289 M 289 M 289 M 289 M 286 M 286 M 289 M 284 M 284 M 284 M 284 M 283 M 283 M 283 M 283 M 282 M 282 M 282 M 282 M 279 M 279 M 279 M 279 M 277 M 277 M 277 M 277 M 275 M 275 M 275 M 275 M 266 M 266 M 266 M 266 M 264 M 264 M 264 M 264 M 254 M 254 M 254 M 254 M 230 M 228 M

Net Income

120 M 340 M - 277 M 201 M 304 M - 253 M 198 M 287 M - 176 M 198 M 204 M - 165 M 148 M 353 M 639 M 189 M 176 M 349 M 158 M 218 M 136 M 243 M 167 M 207 M 93 M 213 M 108 M 169 M 139 M 241 M -3 M 172 M 92 M 199 M 77 M 186 M 124 M 164 M 106 M 148 M 67 M 202 M 96 M 94 M 83 M 204 M 102 M 126 M 80 M 144 M 67 M 148 M 100 M 67 M 41 M 139 M 100 M 135 M 145 M 82 M

Revenue

1.83 B 2.73 B - 2.02 B 1.84 B 2.45 B - 1.74 B 1.61 B 2.18 B - 1.67 B 1.56 B 2.28 B - 2.02 B 1.92 B 2.37 B 2.03 B 1.72 B 1.56 B 2.01 B 1.73 B 1.51 B 1.38 B 1.8 B 1.8 B 1.55 B 1.44 B 2.06 B 1.83 B 1.6 B 1.49 B 1.95 B 1.78 B 1.53 B 1.45 B 1.83 B 1.64 B 1.59 B 1.37 B 1.8 B 1.51 B 1.49 B 1.35 B 2.11 B 1.76 B 1.43 B 1.47 B 2.52 B 1.74 B 1.44 B 1.41 B 1.98 B 1.67 B 1.51 B 1.33 B 1.74 B 1.62 B 1.46 B 1.36 B 2.06 B 1.44 B 1.34 B

Operating Income

264 M 490 M - 481 M 317 M 494 M - 367 M 283 M 412 M - 271 M 244 M 314 M - 258 M 239 M 456 M 204 M 260 M 252 M 430 M 307 M 340 M 248 M 335 M 311 M 351 M 218 M 359 M 250 M 294 M 255 M 363 M 379 M 330 M 241 M 388 M 280 M 375 M 275 M 326 M 245 M 317 M 204 M 397 M 273 M 236 M 235 M 408 M 264 M 317 M 232 M 329 M 212 M 343 M 260 M 188 M 174 M 316 M 207 M 306 M 319 M 262 M

Interest Expense

- - - - - - - - - 177 M - 164 M 160 M 147 M - 130 M 126 M 124 M - 125 M 125 M 124 M - 130 M 127 M 137 M - 133 M 131 M 121 M - 114 M 112 M 111 M - 111 M 110 M 107 M - 110 M 108 M 106 M - 101 M 103 M 101 M - 101 M 101 M 101 M - 99 M 102 M 98 M - 96 M 98 M 99 M - 104 M 104 M 105 M 102 M 117 M

EBITDA

572 M 902 M - 769 M 605 M 882 M - 640 M 556 M 780 M - 533 M 499 M 667 M - 501 M 481 M 801 M 204 M 510 M 496 M 768 M 307 M 566 M 470 M 651 M 311 M 566 M 434 M 657 M 250 M 500 M 459 M 642 M 379 M 523 M 438 M 650 M 280 M 558 M 451 M 564 M 245 M 490 M 373 M 619 M 273 M 389 M 386 M 607 M 264 M 462 M 369 M 510 M 212 M 481 M 562 M 360 M 174 M 720 M 491 M 468 M 755 M 565 M

Operating Expenses

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1.17 B 1.15 B 1.71 B - 1.19 B 1.23 B 2.12 B - 1.13 B 1.17 B 1.65 B - 1.16 B 1.07 B 1.56 B - 1.15 B 1.16 B 1.75 B 1.12 B 1.08 B

All numbers in USD currency

The income statement is one of the three key financial reports of a company CMS Energy Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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