CMS

NYSE · Utilities

Cms Energy Corp

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$75.44

+0.10 (+0.13%)

As of Mar 25, 9:39 PM ET ·

Financial Highlights (FY 2026)

Revenue

8.58B

Net Income

1.13B

Gross Margin

31.9%

Profit Margin

13.2%

Rev Growth

-0.1%

D/E Ratio

2.07

Revenue & Net Income

Margin Trends

	FY 2026	FY 2025	FY 2024	FY 2023
Gross Margin	31.9%	31.9%	38.8%	38.8%
Operating Margin	22.1%	19.9%	14.5%	12.9%
Profit Margin	13.2%	12.5%	14.6%	14.0%

Income Statement

	FY 2026	FY 2025	FY 2024	FY 2023
Revenue	8.58B	8.59B	7.82B	9.39B
Gross Profit	2.73B	2.74B	3.04B	3.65B
Operating Income	1.90B	1.71B	1.13B	1.21B
Net Income	1.13B	1.02B	1.14B	1.32B
Gross Margin	31.9%	31.9%	38.8%	38.8%
Operating Margin	22.1%	19.9%	14.5%	12.9%
Profit Margin	13.2%	12.5%	14.6%	14.0%
Rev Growth	-0.1%	-0.1%	-0.7%	+12.7%

Balance Sheet

	FY 2026	FY 2025	FY 2024	FY 2023
Total Debt	7.79B	7.79B	1.93B	1.73B
Total Equity	3.77B	3.77B	14.46B	14.33B
D/E Ratio	2.07	2.07	0.13	0.12

Cash Flow

	FY 2026	FY 2025	FY 2024	FY 2023
EBITDA	3.49B	3.32B	1.58B	1.87B
Free Cash Flow	—	—	833.75M	1.05B