CMS · XBRL financial data

CMS Energy financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (CMS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	6,680	7,329	8,596	7,462	7,515	8,539
Revenue from contracts with customers	6,238	7,075	8,320	7,261	7,320	8,305
Operating income (loss)	1,362	1,146	1,224	1,235	1,487	1,727
Interest expense	561	500	519	643	708	789
Income tax expense (benefit)	133	95	93	147	176	246
Net income (loss)	755	1,353	837	887	1,003	1,071
Earnings per share, basic USD per share	2.65	4.66	2.85	3.01	3.34	3.53
Earnings per share, diluted USD per share	2.64	4.66	2.85	3.01	3.33	3.53
Weighted average shares, basic millions of shares	285	289	290	291	298	300
Weighted average shares, diluted millions of shares	286	290	290	292	298	301

Fiscal years (CMS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	168	452	164	227	103	509
Accounts receivable	863	931	1,564	—	—	—
Total current assets	2,404	2,627	3,433	2,839	2,790	3,472
Property and equipment, net	21,039	22,352	22,713	25,072	27,461	30,680
Right-of-use asset	34	26	31	26	24	22
Total assets	29,666	28,753	31,353	33,517	35,920	39,941
Accounts payable	671	875	928	—	—	—
Current portion of long-term debt	1,486	373	1,090	975	1,192	950
Total current liabilities	3,074	2,204	2,985	2,895	3,521	3,548
Long-term debt	13,634	12,046	13,122	14,508	15,194	17,807
Lease liability, non-current	25	23	27	22	21	19
Retained earnings	214	1,057	1,350	1,658	2,035	2,443
Total stockholders' equity	5,496	6,631	7,015	7,544	8,230	9,144
Total liabilities and equity	29,666	28,753	31,353	33,517	35,920	39,941
Common shares outstanding (cover page) millions of shares	289	290	291	294	299	306

Fiscal years (CMS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	755	1,353	837	887	1,003	1,071
Depreciation and amortization	1,048	1,114	1,126	1,180	1,240	1,306
Net cash from operating activities	1,276	1,819	855	2,309	2,370	2,235
Purchases of property and equipment	2,317	2,076	2,374	—	—	—
Net cash from investing activities	(2,867)	(1,233)	(2,476)	(3,386)	(3,054)	(4,038)
Proceeds from issuing common stock	253	26	69	192	286	525
Proceeds from long-term debt	3,179	335	1,899	3,551	1,962	3,609
Repayments of long-term debt	2,010	235	106	2,132	952	1,150
Net cash from financing activities	1,619	(295)	1,327	1,143	614	2,240
Net change in cash	28	291	(294)	66	(70)	437

SIC 4931 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4931 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
CMS Energy	451	2,170	not reported	313.6M	Q3 FY26 10-QSep 30, 2026
Ameren Illinois	12	2,092	not reported	276.8M	Q2 FY26 10-QJun 30, 2026
Nisource	58	1,299	547*	479.7M	Q3 FY26 10-QSep 30, 2026
Ameren	12	2,092	770*	276.8M	Q2 FY26 10-QJun 30, 2026
Evergy	22	1,426	not reported	230.6M	Q2 FY26 10-QJun 30, 2026
Alliant Energy	26	1,285	not reported	259.4M	Q3 FY26 10-QSep 30, 2026
Evergy Kansas Central	22	1,500	not reported	230.6M	Q2 FY26 10-QJun 30, 2026
Wec Energy Group	59	2,291	1,202*	329.0M	Q3 FY26 10-QSep 30, 2026
Consolidated Edison	147	5,095	174	368.5M	Q1 FY26 10-QMar 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.