CMS ENERGY CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that CMS ENERGY CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.54B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $7.52B | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | $7.46B | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | $8.60B | Feb 11, 2025 |
| FY2021 | Dec 31, 2021 | $2.03B | Feb 10, 2022 |
| FY2021 | Sep 30, 2021 | $1.73B | Feb 10, 2022 |
| FY2021 | Jun 30, 2021 | $1.56B | Feb 10, 2022 |
| FY2021 | Mar 31, 2021 | $2.01B | Feb 10, 2022 |
| FY2021 | Dec 31, 2020 | $1.73B | Feb 10, 2022 |
| FY2021 | Sep 30, 2020 | $1.51B | Feb 10, 2022 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.31B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $7.32B | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | $7.26B | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | $8.32B | Feb 11, 2025 |
| FY2023 | Dec 31, 2021 | $7.08B | Feb 8, 2024 |
| FY2022 | Dec 31, 2020 | $6.24B | Feb 9, 2023 |
| FY2021 | Dec 31, 2019 | $6.40B | Feb 10, 2022 |
| FY2020 | Dec 31, 2018 | $6.50B | Feb 11, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.07B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $1.00B | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | $887.00M | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | $837.00M | Feb 11, 2025 |
| FY2021 | Dec 31, 2021 | $639.00M | Feb 10, 2022 |
| FY2021 | Sep 30, 2021 | $189.00M | Feb 10, 2022 |
| FY2021 | Jun 30, 2021 | $176.00M | Feb 10, 2022 |
| FY2021 | Mar 31, 2021 | $349.00M | Feb 10, 2022 |
| FY2020 | Dec 31, 2020 | $158.00M | Feb 11, 2021 |
| FY2020 | Sep 30, 2020 | $218.00M | Feb 11, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.73B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $1.49B | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | $1.24B | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | $1.22B | Feb 11, 2025 |
| FY2021 | Dec 31, 2021 | $204.00M | Feb 10, 2022 |
| FY2021 | Sep 30, 2021 | $260.00M | Feb 10, 2022 |
| FY2021 | Jun 30, 2021 | $252.00M | Feb 10, 2022 |
| FY2021 | Mar 31, 2021 | $430.00M | Feb 10, 2022 |
| FY2021 | Dec 31, 2020 | $307.00M | Feb 10, 2022 |
| FY2021 | Sep 30, 2020 | $340.00M | Feb 10, 2022 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.24B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $2.37B | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | $2.31B | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | $855.00M | Feb 11, 2025 |
| FY2023 | Dec 31, 2021 | $1.82B | Feb 8, 2024 |
| FY2022 | Dec 31, 2020 | $1.28B | Feb 9, 2023 |
| FY2021 | Dec 31, 2019 | $1.79B | Feb 10, 2022 |
| FY2020 | Dec 31, 2018 | $1.70B | Feb 11, 2021 |
| FY2019 | Dec 31, 2017 | $1.71B | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $1.63B | Feb 5, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $2.37B | Feb 9, 2023 |
| FY2022 | Dec 31, 2021 | $2.08B | Feb 9, 2023 |
| FY2022 | Dec 31, 2020 | $2.31B | Feb 9, 2023 |
| FY2021 | Dec 31, 2019 | $2.10B | Feb 10, 2022 |
| FY2020 | Dec 31, 2018 | $2.07B | Feb 11, 2021 |
| FY2019 | Dec 31, 2017 | $1.67B | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $1.67B | Feb 5, 2019 |
| FY2017 | Dec 31, 2015 | $1.56B | Feb 14, 2018 |
| FY2016 | Dec 31, 2014 | $1.58B | Feb 7, 2017 |
| FY2015 | Dec 31, 2013 | $1.33B | Feb 11, 2016 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $39.94B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $35.92B | Feb 10, 2026 |
| FY2024 | Dec 31, 2023 | $33.52B | Feb 11, 2025 |
| FY2023 | Dec 31, 2022 | $31.35B | Feb 8, 2024 |
| FY2023 | Dec 31, 2021 | $28.75B | Feb 8, 2024 |
| FY2022 | Dec 31, 2020 | $29.67B | Feb 9, 2023 |
| FY2021 | Dec 31, 2019 | $26.84B | Feb 10, 2022 |
| FY2020 | Dec 31, 2018 | $24.53B | Feb 11, 2021 |
| FY2019 | Dec 31, 2017 | $23.05B | Feb 6, 2020 |
| FY2018 | Dec 31, 2016 | $21.62B | Feb 5, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.14B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $8.23B | Feb 10, 2026 |
| FY2024 | Dec 31, 2023 | $7.54B | Feb 11, 2025 |
| FY2023 | Dec 31, 2022 | $7.02B | Feb 8, 2024 |
| FY2022 | Dec 31, 2021 | $6.63B | Feb 9, 2023 |
| FY2021 | Dec 31, 2020 | $5.50B | Feb 10, 2022 |
| FY2020 | Dec 31, 2019 | $5.02B | Feb 11, 2021 |
| FY2019 | Dec 31, 2018 | $4.76B | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $4.44B | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | $4.25B | Feb 14, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.44B | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $2.04B | Feb 10, 2026 |
| FY2024 | Dec 31, 2023 | $1.66B | Feb 11, 2025 |
| FY2023 | Dec 31, 2022 | $1.35B | Feb 8, 2024 |
| FY2022 | Dec 31, 2021 | $1.06B | Feb 9, 2023 |
| FY2021 | Dec 31, 2020 | $214.00M | Feb 10, 2022 |
| FY2020 | Dec 31, 2019 | ($25.00M) | Feb 11, 2021 |
| FY2019 | Dec 31, 2018 | ($271.00M) | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | ($531.00M) | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | ($616.00M) | Feb 14, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $509.00M | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | $103.00M | Feb 10, 2026 |
| FY2024 | Dec 31, 2023 | $227.00M | Feb 11, 2025 |
| FY2023 | Dec 31, 2022 | $164.00M | Feb 8, 2024 |
| FY2022 | Dec 31, 2021 | $452.00M | Feb 9, 2023 |
| FY2021 | Dec 31, 2020 | $32.00M | Feb 10, 2022 |
| FY2020 | Dec 31, 2019 | $140.00M | Feb 11, 2021 |
| FY2019 | Dec 31, 2018 | $153.00M | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | $182.00M | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | $235.00M | Feb 14, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2013 | Dec 31, 2013 | $7.64B | Feb 6, 2014 |
| FY2013 | Dec 31, 2012 | $7.23B | Feb 6, 2014 |
| FY2012 | Dec 31, 2011 | $7.07B | Feb 21, 2013 |
| FY2011 | Dec 31, 2010 | $7.17B | Feb 23, 2012 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 11, 2025 |
| FY2021 | Dec 31, 2021 | 2 | Feb 10, 2022 |
| FY2021 | Sep 30, 2021 | 0 | Feb 10, 2022 |
| FY2021 | Jun 30, 2021 | 0 | Feb 10, 2022 |
| FY2021 | Mar 31, 2021 | 1 | Feb 10, 2022 |
| FY2021 | Dec 31, 2020 | 0 | Feb 10, 2022 |
| FY2021 | Sep 30, 2020 | 0 | Feb 10, 2022 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 10, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 10, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 11, 2025 |
| FY2021 | Dec 31, 2021 | 2 | Feb 10, 2022 |
| FY2021 | Sep 30, 2021 | 0 | Feb 10, 2022 |
| FY2021 | Jun 30, 2021 | 0 | Feb 10, 2022 |
| FY2021 | Mar 31, 2021 | 1 | Feb 10, 2022 |
| FY2021 | Dec 31, 2020 | 0 | Feb 10, 2022 |
| FY2021 | Sep 30, 2020 | 0 | Feb 10, 2022 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 306.40M | Feb 10, 2026 |
| FY2025 | Dec 31, 2024 | 298.80M | Feb 10, 2026 |
| FY2024 | Dec 31, 2023 | 294.40M | Feb 11, 2025 |
| FY2023 | Dec 31, 2022 | 291.30M | Feb 8, 2024 |
| FY2022 | Dec 31, 2021 | 289.80M | Feb 9, 2023 |
| FY2021 | Dec 31, 2020 | 288.90M | Feb 10, 2022 |
| FY2020 | Dec 31, 2019 | 283.90M | Feb 11, 2021 |
| FY2019 | Dec 31, 2018 | 283.40M | Feb 6, 2020 |
| FY2018 | Dec 31, 2017 | 281.60M | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | 279.20M | Feb 14, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2012 | Dec 31, 2012 | $252.00M | Feb 21, 2013 |
| FY2012 | Dec 31, 2011 | $211.00M | Feb 21, 2013 |
| FY2010 | Dec 31, 2010 | $154.00M | Feb 24, 2011 |
| FY2010 | Dec 31, 2009 | $114.00M | Feb 24, 2011 |
| FY2010 | Dec 31, 2008 | $82.00M | Feb 24, 2011 |