CMS Energy Corporation (CMS) — Financial statements
Income statement, balance sheet, and cash flow for CMS Energy Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,539↑13.6% | 7,515↑0.7% | 7,462↓13.2% | 8,596↑17.3% | 7,329 | |
| Cost of Revenue | 3,338↓22.5% | 4,306↓6.4% | 4,600↓21.2% | 5,834↑24.7% | 4,680 | |
| Gross Profit | 5,201↑62.1% | 3,209↑12.1% | 2,862↑3.6% | 2,762↑4.3% | 2,649 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 3,474 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,474 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 0.00↓100.0% | 1,722↑5.8% | 1,627↑5.8% | 1,538↑2.3% | 1,503 | |
| Operating Expenses | 3,474↑101.7% | 1,722↑5.8% | 1,627↑5.8% | 1,538↑2.3% | 1,503 | |
| Total Costs & Expenses | 6,812↑13.0% | 6,028↓3.2% | 6,227↓15.5% | 7,372↑19.2% | 6,183 | |
| Operating Results | ||||||
| Operating Income | 1,727↑16.1% | 1,487↑20.4% | 1,235↑0.9% | 1,224↑6.8% | 1,146 | |
| Depreciation & Amortization | 1,150↓7.3% | 1,240↑5.1% | 1,180↑4.8% | 1,126↑1.1% | 1,114 | |
| EBITDA | 3,187↑3.8% | 3,071↑10.6% | 2,777↑9.0% | 2,547↑4.5% | 2,437 | |
| EBIT | 2,037↑11.3% | 1,831↑14.7% | 1,597↑12.4% | 1,421↑7.4% | 1,323 | |
| Interest & Other Income | ||||||
| Net Interest Income | -789↓11.4% | -708↓10.1% | -643↓23.9% | -519↓4.4% | -497 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 3 | |
| Interest Expense | 789↑11.4% | 708↑10.1% | 643↑23.9% | 519↑3.8% | 500 | |
| Non-Operating Income | -310↑9.9% | -344↑5.0% | -362↓83.8% | -197↓11.3% | -177 | |
| Other Income / Expenses | -479↓31.6% | -364↓29.5% | -281↑12.7% | -322↑0.3% | -323 | |
| Income Before Tax | 1,248↑11.1% | 1,123↑17.7% | 954↑5.8% | 902↑9.6% | 823 | |
| Income Tax Expense | 246↑39.8% | 176↑19.7% | 147↑58.1% | 93↓2.1% | 95 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,002↑5.8% | 947↑17.3% | 807↓0.2% | 809↑11.1% | 728 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 1↓75.0% | 4↓99.3% | 602 | |
| Net Income | 1,071↑6.8% | 1,003↑13.1% | 887↑6.0% | 837↓38.1% | 1,353 | |
| Bottom-Line Net Income | 1,061↑6.8% | 993↑13.2% | 877↑6.0% | 827↓38.6% | 1,348 | |
| EPS (Basic) | 3.53↑5.7% | 3.34↑11.0% | 3.01↑6.0% | 2.84↓39.1% | 4.66 | |
| EPS (Diluted) | 3.53↑6.0% | 3.33↑10.6% | 3.01↑5.6% | 2.85↓38.8% | 4.66 | |
| Weighted Average Shares | 301↑1.0% | 298↑2.2% | 291↑0.6% | 290↑0.2% | 289 | |
| Weighted Average Diluted Shares | 301↑0.8% | 298↑2.3% | 292↑0.6% | 290↑0.2% | 290 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.