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CMS ENERGY CORPORATION

EDGAR

CMS Current report (8-K) · filed 2026-10-27

Annual consolidated revenue for 2025: about USD 8.539B, using the latest reported figures. The previous period, 2024, was about USD 7.515B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

1.83 billion USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 1829000000 USD Source

Operating margin

14.43%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 264000000 USD Source
Revenue: 1829000000 USD Source

Operating cash flow

622 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 1327000000 USD Source
Operating Cash Flow: 705000000 USD Source

Free cash flow

-345 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 1327000000 USD Source
Operating Cash Flow: 705000000 USD Source
Capital Expenditure: 2006000000 USD Source
Capital Expenditure: 1039000000 USD Source

Cash and cash equivalents: 241 million USD 2026-06-30 Source
Exact value

241000000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 314 million shares 2026-06-30 Source
Exact value

313600000 shares

Reported share-count change

4.78% · 14.3 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

299300000 shares · 2025-06-30· Source
313600000 shares · 2026-06-30· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 10 of 11 periods available· newest 2025-12-31
Operating income: 10 of 11 periods available· newest 2025-12-31
Net income: 10 of 11 periods available· newest 2025-12-31
Operating cash flow: 10 of 11 periods available· newest 2025-12-31
Capital expenditure: 7 of 11 periods available· newest 2022-12-31
Total assets: 10 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 9 of 11 periods available· newest 2025-12-31
Current liabilities: 9 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+13.6%

Prior period

USD 7.52 billion

2024-01-01 – 2024-12-31
Current period

USD 8.54 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

8539000000 − 7515000000 = 1024000000 USD

7515000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
8539000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · CMS ENERGY CORPORATION · 2025-12-31 CMS ENERGY CORPORATION (edgar:811156) Year-over-year change in Revenue: 1024000000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 8539000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#4928579 Filing: 000081115626000004 Input fundies:Revenue: 7515000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#5090795 Filing: 000081115626000004
The citation records this snapshot. The page link may show a newer release later.
Net income
+6.8%

Prior period

USD 1 billion

2024-01-01 – 2024-12-31
Current period

USD 1.07 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1071000000 − 1003000000 = 68000000 USD

1003000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1071000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · CMS ENERGY CORPORATION · 2025-12-31 CMS ENERGY CORPORATION (edgar:811156) Year-over-year change in Net income: 68000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 1071000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1808485 Filing: 000081115626000004 Input fundies:NetIncome: 1003000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1809128 Filing: 000081115626000004
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-5.7%

Prior period

USD 2.37 billion

2024-01-01 – 2024-12-31
Current period

USD 2.24 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2235000000 − 2370000000 = -135000000 USD

2370000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2235000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · CMS ENERGY CORPORATION · 2025-12-31 CMS ENERGY CORPORATION (edgar:811156) Year-over-year change in Operating cash flow: -135000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 2235000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1889600 Filing: 000081115626000004 Input fundies:OperatingCashFlow: 2370000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1890367 Filing: 000081115626000004
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 8.54 billion 100% of revenue
Operating costs Derived USD 6.81 billion 80% of revenue
Operating income USD 1.73 billion 20% of revenue
Tax, interest and other Derived USD 656 million 7.7% of revenue
Net income USD 1.07 billion 13% of revenue

Cash

Operating cash flow USD 2.24 billion 26% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 11%80%
2017 13%80%
2018 9.6%83%
2019 10%83%
2020 12%81%
2021 Net income was higher than operating income, so the split is not drawn.
2022 9.7%86%
2023 12%83%
2024 13%80%
2025 13%80%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	6399000000	5143000000 Derived	1256000000	705000000 Derived	551000000	-43000000 Derived	Source 2016-01-01 – 2016-12-31: 6399000000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 1256000000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 551000000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 1629000000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 1672000000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	6583000000	5245000000 Derived	1338000000	878000000 Derived	460000000	40000000 Derived	Source 2017-01-01 – 2017-12-31: 6583000000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 1338000000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 460000000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 1705000000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 1665000000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	6873000000	5711000000 Derived	1162000000	505000000 Derived	657000000	-371000000 Derived	Source 2018-01-01 – 2018-12-31: 6873000000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 1162000000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 657000000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 1703000000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 2074000000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	6624000000	5509000000 Derived	1115000000	435000000 Derived	680000000	-307000000 Derived	Source 2019-01-01 – 2019-12-31: 6624000000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 1115000000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 680000000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 1790000000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 2097000000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	6418000000	5188000000 Derived	1230000000	475000000 Derived	755000000	-1035000000 Derived	Source 2020-01-01 – 2020-12-31: 6418000000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 1230000000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 755000000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 1276000000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 2311000000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	7329000000	6183000000 Derived	1146000000	-207000000 Derived	1353000000	-257000000 Derived	Source 2021-01-01 – 2021-12-31: 7329000000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 1146000000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 1353000000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 1819000000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 2076000000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	8596000000	7372000000 Derived	1224000000	387000000 Derived	837000000	-1519000000 Derived	Source 2022-01-01 – 2022-12-31: 8596000000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 1224000000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 837000000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 855000000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 2374000000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	7462000000	6227000000 Derived	1235000000	348000000 Derived	887000000	Unavailable	Source 2023-01-01 – 2023-12-31: 7462000000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 1235000000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 887000000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 2309000000 USD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	7515000000	6028000000 Derived	1487000000	484000000 Derived	1003000000	Unavailable	Source 2024-01-01 – 2024-12-31: 7515000000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 1487000000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 1003000000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 2370000000 USD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	8539000000	6812000000 Derived	1727000000	656000000 Derived	1071000000	Unavailable	Source 2025-01-01 – 2025-12-31: 8539000000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 1727000000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 1071000000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 2235000000 USD Inspect Operating Cash Flow Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 8.5B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	6399000000	Revenue: 6399000000 Open source
20172017-12-31	Revenue	6583000000	Revenue: 6583000000 Open source
20182018-12-31	Revenue	6873000000	Revenue: 6873000000 Open source
20192019-12-31	Revenue	6624000000	Revenue: 6624000000 Open source
20202020-12-31	Revenue	6418000000	Revenue: 6418000000 Open source
20212021-12-31	Revenue	7329000000	Revenue: 7329000000 Open source
20222022-12-31	Revenue	8596000000	Revenue: 8596000000 Open source
20232023-12-31	Revenue	7462000000	Revenue: 7462000000 Open source
20242024-12-31	Revenue	7515000000	Revenue: 7515000000 Open source
20252025-12-31	Revenue	8539000000	Revenue: 8539000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

13.6% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 6399000000 Open source
20172017-12-31	Year over year	2.9%	Revenue: 6583000000 Open source Revenue: 6399000000 Open source
20182018-12-31	Year over year	4.4%	Revenue: 6873000000 Open source Revenue: 6583000000 Open source
20192019-12-31	Year over year	-3.6%	Revenue: 6624000000 Open source Revenue: 6873000000 Open source
20202020-12-31	Year over year	-3.1%	Revenue: 6418000000 Open source Revenue: 6624000000 Open source
20212021-12-31	Year over year	14.2%	Revenue: 7329000000 Open source Revenue: 6418000000 Open source
20222022-12-31	Year over year	17.3%	Revenue: 8596000000 Open source Revenue: 7329000000 Open source
20232023-12-31	Year over year	-13.2%	Revenue: 7462000000 Open source Revenue: 8596000000 Open source
20242024-12-31	Year over year	0.7%	Revenue: 7515000000 Open source Revenue: 7462000000 Open source
20252025-12-31	Year over year	13.6%	Revenue: 8539000000 Open source Revenue: 7515000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 20.2% 2025

Net margin 12.5% 2025

Free cash flow margin -17.7% 2022

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	19.6%	Operating Income: 1256000000 Open source Revenue: 6399000000 Open source
20172017-12-31	Operating margin	20.3%	Operating Income: 1338000000 Open source Revenue: 6583000000 Open source
20182018-12-31	Operating margin	16.9%	Operating Income: 1162000000 Open source Revenue: 6873000000 Open source
20192019-12-31	Operating margin	16.8%	Operating Income: 1115000000 Open source Revenue: 6624000000 Open source
20202020-12-31	Operating margin	19.2%	Operating Income: 1230000000 Open source Revenue: 6418000000 Open source
20212021-12-31	Operating margin	15.6%	Operating Income: 1146000000 Open source Revenue: 7329000000 Open source
20222022-12-31	Operating margin	14.2%	Operating Income: 1224000000 Open source Revenue: 8596000000 Open source
20232023-12-31	Operating margin	16.6%	Operating Income: 1235000000 Open source Revenue: 7462000000 Open source
20242024-12-31	Operating margin	19.8%	Operating Income: 1487000000 Open source Revenue: 7515000000 Open source
20252025-12-31	Operating margin	20.2%	Operating Income: 1727000000 Open source Revenue: 8539000000 Open source
20162016-12-31	Net margin	8.6%	Net Income: 551000000 Open source Revenue: 6399000000 Open source
20172017-12-31	Net margin	7%	Net Income: 460000000 Open source Revenue: 6583000000 Open source
20182018-12-31	Net margin	9.6%	Net Income: 657000000 Open source Revenue: 6873000000 Open source
20192019-12-31	Net margin	10.3%	Net Income: 680000000 Open source Revenue: 6624000000 Open source
20202020-12-31	Net margin	11.8%	Net Income: 755000000 Open source Revenue: 6418000000 Open source
20212021-12-31	Net margin	18.5%	Net Income: 1353000000 Open source Revenue: 7329000000 Open source
20222022-12-31	Net margin	9.7%	Net Income: 837000000 Open source Revenue: 8596000000 Open source
20232023-12-31	Net margin	11.9%	Net Income: 887000000 Open source Revenue: 7462000000 Open source
20242024-12-31	Net margin	13.3%	Net Income: 1003000000 Open source Revenue: 7515000000 Open source
20252025-12-31	Net margin	12.5%	Net Income: 1071000000 Open source Revenue: 8539000000 Open source
20162016-12-31	Free cash flow margin	-0.7%	Revenue: 6399000000 Open source Operating Cash Flow: 1629000000 Open source Capital Expenditure: 1672000000 Open source
20172017-12-31	Free cash flow margin	0.6%	Revenue: 6583000000 Open source Operating Cash Flow: 1705000000 Open source Capital Expenditure: 1665000000 Open source
20182018-12-31	Free cash flow margin	-5.4%	Revenue: 6873000000 Open source Operating Cash Flow: 1703000000 Open source Capital Expenditure: 2074000000 Open source
20192019-12-31	Free cash flow margin	-4.6%	Revenue: 6624000000 Open source Operating Cash Flow: 1790000000 Open source Capital Expenditure: 2097000000 Open source
20202020-12-31	Free cash flow margin	-16.1%	Revenue: 6418000000 Open source Operating Cash Flow: 1276000000 Open source Capital Expenditure: 2311000000 Open source
20212021-12-31	Free cash flow margin	-3.5%	Revenue: 7329000000 Open source Operating Cash Flow: 1819000000 Open source Capital Expenditure: 2076000000 Open source
20222022-12-31	Free cash flow margin	-17.7%	Revenue: 8596000000 Open source Operating Cash Flow: 855000000 Open source Capital Expenditure: 2374000000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 7462000000 Open source Operating Cash Flow: 2309000000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 7515000000 Open source Operating Cash Flow: 2370000000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 8539000000 Open source Operating Cash Flow: 2235000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2.2B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	1629000000	Operating Cash Flow: 1629000000 Open source
20172017-12-31	Operating cash flow	1705000000	Operating Cash Flow: 1705000000 Open source
20182018-12-31	Operating cash flow	1703000000	Operating Cash Flow: 1703000000 Open source
20192019-12-31	Operating cash flow	1790000000	Operating Cash Flow: 1790000000 Open source
20202020-12-31	Operating cash flow	1276000000	Operating Cash Flow: 1276000000 Open source
20212021-12-31	Operating cash flow	1819000000	Operating Cash Flow: 1819000000 Open source
20222022-12-31	Operating cash flow	855000000	Operating Cash Flow: 855000000 Open source
20232023-12-31	Operating cash flow	2309000000	Operating Cash Flow: 2309000000 Open source
20242024-12-31	Operating cash flow	2370000000	Operating Cash Flow: 2370000000 Open source
20252025-12-31	Operating cash flow	2235000000	Operating Cash Flow: 2235000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -1.5B 2022

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	-43000000	Operating Cash Flow: 1629000000 Open source Capital Expenditure: 1672000000 Open source
20172017-12-31	Free cash flow	40000000	Operating Cash Flow: 1705000000 Open source Capital Expenditure: 1665000000 Open source
20182018-12-31	Free cash flow	-371000000	Operating Cash Flow: 1703000000 Open source Capital Expenditure: 2074000000 Open source
20192019-12-31	Free cash flow	-307000000	Operating Cash Flow: 1790000000 Open source Capital Expenditure: 2097000000 Open source
20202020-12-31	Free cash flow	-1035000000	Operating Cash Flow: 1276000000 Open source Capital Expenditure: 2311000000 Open source
20212021-12-31	Free cash flow	-257000000	Operating Cash Flow: 1819000000 Open source Capital Expenditure: 2076000000 Open source
20222022-12-31	Free cash flow	-1519000000	Operating Cash Flow: 855000000 Open source Capital Expenditure: 2374000000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: 2309000000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: 2370000000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 2235000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 21622000000 Open source
2017-12-31	Liabilities / assets	Not reported	Total Assets: 23050000000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 24529000000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 26837000000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 29666000000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 28753000000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 31353000000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 33517000000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 35920000000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 39941000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.98× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
20172017-12-31	Current assets / current liabilities	0.89×	Current Assets: 2475000000 Open source Current Liabilities: 2784000000 Open source
20182018-12-31	Current assets / current liabilities	0.94×	Current Assets: 2468000000 Open source Current Liabilities: 2624000000 Open source
20192019-12-31	Current assets / current liabilities	0.86×	Current Assets: 2331000000 Open source Current Liabilities: 2704000000 Open source
20202020-12-31	Current assets / current liabilities	0.78×	Current Assets: 2404000000 Open source Current Liabilities: 3074000000 Open source
20212021-12-31	Current assets / current liabilities	1.19×	Current Assets: 2627000000 Open source Current Liabilities: 2204000000 Open source
20222022-12-31	Current assets / current liabilities	1.15×	Current Assets: 3433000000 Open source Current Liabilities: 2985000000 Open source
20232023-12-31	Current assets / current liabilities	0.98×	Current Assets: 2839000000 Open source Current Liabilities: 2895000000 Open source
20242024-12-31	Current assets / current liabilities	0.79×	Current Assets: 2790000000 Open source Current Liabilities: 3521000000 Open source
20252025-12-31	Current assets / current liabilities	0.98×	Current Assets: 3472000000 Open source Current Liabilities: 3548000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 551 million Exact value Exact value: 551000000 USD 2016-01-01 – 2016-12-31: 551000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2016-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 551000000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 551000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115619000003/cms-20181231.xml#1349934 Filing: 000081115619000003 The citation records this snapshot. The page link may show a newer release later.	USD 1.63 billion Exact value Exact value: 1629000000 USD 2016-01-01 – 2016-12-31: 1629000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2016-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1629000000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1629000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115619000003/cms-20181231.xml#1347702 Filing: 000081115619000003 The citation records this snapshot. The page link may show a newer release later.	USD 1.67 billion Exact value Exact value: 1672000000 USD 2016-01-01 – 2016-12-31: 1672000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2016-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 1672000000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1672000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115619000003/cms-20181231.xml#1458649 Filing: 000081115619000003 The citation records this snapshot. The page link may show a newer release later.	−USD 43 million Calculation and evidence 1629000000 − 1672000000 USD Exact free cash flow: -43000000 USD 2016-01-01 – 2016-12-31: 1629000000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 1672000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2016-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -43000000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1629000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115619000003/cms-20181231.xml#1347702 Filing: 000081115619000003 Input fundies:CapitalExpenditure: 1672000000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115619000003/cms-20181231.xml#1458649 Filing: 000081115619000003 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 460 million Exact value Exact value: 460000000 USD 2017-01-01 – 2017-12-31: 460000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2017-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 460000000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 460000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115620000004/a2019form10-kxcmsenerg.htm#7213816 Filing: 000081115620000004 The citation records this snapshot. The page link may show a newer release later.	USD 1.71 billion Exact value Exact value: 1705000000 USD 2017-01-01 – 2017-12-31: 1705000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2017-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1705000000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1705000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115620000004/a2019form10-kxcmsenerg.htm#2488616 Filing: 000081115620000004 The citation records this snapshot. The page link may show a newer release later.	USD 1.67 billion Exact value Exact value: 1665000000 USD 2017-01-01 – 2017-12-31: 1665000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2017-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 1665000000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1665000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115620000004/a2019form10-kxcmsenerg.htm#2495405 Filing: 000081115620000004 The citation records this snapshot. The page link may show a newer release later.	USD 40 million Calculation and evidence 1705000000 − 1665000000 USD Exact free cash flow: 40000000 USD 2017-01-01 – 2017-12-31: 1705000000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 1665000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2017-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: 40000000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1705000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115620000004/a2019form10-kxcmsenerg.htm#2488616 Filing: 000081115620000004 Input fundies:CapitalExpenditure: 1665000000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115620000004/a2019form10-kxcmsenerg.htm#2495405 Filing: 000081115620000004 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 657 million Exact value Exact value: 657000000 USD 2018-01-01 – 2018-12-31: 657000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2018-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 657000000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 657000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115621000016/cms-20201231.htm#6685081 Filing: 000081115621000016 The citation records this snapshot. The page link may show a newer release later.	USD 1.7 billion Exact value Exact value: 1703000000 USD 2018-01-01 – 2018-12-31: 1703000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2018-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1703000000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1703000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115621000016/cms-20201231.htm#2118033 Filing: 000081115621000016 The citation records this snapshot. The page link may show a newer release later.	USD 2.07 billion Exact value Exact value: 2074000000 USD 2018-01-01 – 2018-12-31: 2074000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2018-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 2074000000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2074000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115621000016/cms-20201231.htm#2123120 Filing: 000081115621000016 The citation records this snapshot. The page link may show a newer release later.	−USD 371 million Calculation and evidence 1703000000 − 2074000000 USD Exact free cash flow: -371000000 USD 2018-01-01 – 2018-12-31: 1703000000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 2074000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2018-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -371000000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1703000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115621000016/cms-20201231.htm#2118033 Filing: 000081115621000016 Input fundies:CapitalExpenditure: 2074000000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115621000016/cms-20201231.htm#2123120 Filing: 000081115621000016 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 680 million Exact value Exact value: 680000000 USD 2019-01-01 – 2019-12-31: 680000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2019-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 680000000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 680000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm#1847496 Filing: 000081115622000048 The citation records this snapshot. The page link may show a newer release later.	USD 1.79 billion Exact value Exact value: 1790000000 USD 2019-01-01 – 2019-12-31: 1790000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2019-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1790000000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1790000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm#2011296 Filing: 000081115622000048 The citation records this snapshot. The page link may show a newer release later.	USD 2.1 billion Exact value Exact value: 2097000000 USD 2019-01-01 – 2019-12-31: 2097000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2019-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 2097000000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2097000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm#2016023 Filing: 000081115622000048 The citation records this snapshot. The page link may show a newer release later.	−USD 307 million Calculation and evidence 1790000000 − 2097000000 USD Exact free cash flow: -307000000 USD 2019-01-01 – 2019-12-31: 1790000000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 2097000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2019-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -307000000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1790000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm#2011296 Filing: 000081115622000048 Input fundies:CapitalExpenditure: 2097000000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm#2016023 Filing: 000081115622000048 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 755 million Exact value Exact value: 755000000 USD 2020-01-01 – 2020-12-31: 755000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2020-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 755000000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 755000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1817127 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.	USD 1.28 billion Exact value Exact value: 1276000000 USD 2020-01-01 – 2020-12-31: 1276000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2020-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1276000000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1276000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1984207 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.	USD 2.31 billion Exact value Exact value: 2311000000 USD 2020-01-01 – 2020-12-31: 2311000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2020-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 2311000000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2311000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1988940 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.	−USD 1.04 billion Calculation and evidence 1276000000 − 2311000000 USD Exact free cash flow: -1035000000 USD 2020-01-01 – 2020-12-31: 1276000000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 2311000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2020-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -1035000000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1276000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1984207 Filing: 000081115623000014 Input fundies:CapitalExpenditure: 2311000000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1988940 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 1.35 billion Exact value Exact value: 1353000000 USD 2021-01-01 – 2021-12-31: 1353000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2021-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 1353000000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1353000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115624000044/cms-20231231.htm#1781026 Filing: 000081115624000044 The citation records this snapshot. The page link may show a newer release later.	USD 1.82 billion Exact value Exact value: 1819000000 USD 2021-01-01 – 2021-12-31: 1819000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2021-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 1819000000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1819000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115624000044/cms-20231231.htm#1887213 Filing: 000081115624000044 The citation records this snapshot. The page link may show a newer release later.	USD 2.08 billion Exact value Exact value: 2076000000 USD 2021-01-01 – 2021-12-31: 2076000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2021-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 2076000000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2076000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1987949 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.	−USD 257 million Calculation and evidence 1819000000 − 2076000000 USD Exact free cash flow: -257000000 USD 2021-01-01 – 2021-12-31: 1819000000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 2076000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2021-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -257000000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1819000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115624000044/cms-20231231.htm#1887213 Filing: 000081115624000044 Input fundies:CapitalExpenditure: 2076000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1987949 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 837 million Exact value Exact value: 837000000 USD 2022-01-01 – 2022-12-31: 837000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2022-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 837000000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 837000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115625000036/cms-20241231.htm#1766056 Filing: 000081115625000036 The citation records this snapshot. The page link may show a newer release later.	USD 855 million Exact value Exact value: 855000000 USD 2022-01-01 – 2022-12-31: 855000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2022-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 855000000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 855000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115625000036/cms-20241231.htm#1870013 Filing: 000081115625000036 The citation records this snapshot. The page link may show a newer release later.	USD 2.37 billion Exact value Exact value: 2374000000 USD 2022-01-01 – 2022-12-31: 2374000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CMS ENERGY CORPORATION · 2022-12-31 CMS ENERGY CORPORATION (edgar:811156) Capital Expenditure: 2374000000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2374000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1986958 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.	−USD 1.52 billion Calculation and evidence 855000000 − 2374000000 USD Exact free cash flow: -1519000000 USD 2022-01-01 – 2022-12-31: 855000000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 2374000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CMS ENERGY CORPORATION · 2022-12-31 CMS ENERGY CORPORATION (edgar:811156) Free cash flow: -1519000000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 855000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115625000036/cms-20241231.htm#1870013 Filing: 000081115625000036 Input fundies:CapitalExpenditure: 2374000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm#1986958 Filing: 000081115623000014 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 887 million Exact value Exact value: 887000000 USD 2023-01-01 – 2023-12-31: 887000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2023-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 887000000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 887000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1809772 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	USD 2.31 billion Exact value Exact value: 2309000000 USD 2023-01-01 – 2023-12-31: 2309000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2023-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 2309000000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2309000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1891043 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	USD 1 billion Exact value Exact value: 1003000000 USD 2024-01-01 – 2024-12-31: 1003000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2024-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 1003000000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1003000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1809128 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	USD 2.37 billion Exact value Exact value: 2370000000 USD 2024-01-01 – 2024-12-31: 2370000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2024-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 2370000000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2370000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1890367 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	USD 1.07 billion Exact value Exact value: 1071000000 USD 2025-01-01 – 2025-12-31: 1071000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CMS ENERGY CORPORATION · 2025-12-31 CMS ENERGY CORPORATION (edgar:811156) Net Income: 1071000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1071000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1808485 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	USD 2.24 billion Exact value Exact value: 2235000000 USD 2025-01-01 – 2025-12-31: 2235000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CMS ENERGY CORPORATION · 2025-12-31 CMS ENERGY CORPORATION (edgar:811156) Operating Cash Flow: 2235000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T20:14:44Z Snapshot: 1efea9c02e5d9872670cdfdc303ba9b73295410dba4e0450d2d6e9e10a834cf1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/811156/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2235000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm#1889600 Filing: 000081115626000004 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

148 filings · 10,592 latest values · 10,592 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000811156, 811156, CMS, CMS-PC, CMSA, CMSC, CMSD, cms, edgar:811156

Also known as CMS ENERGY CORP, CMS ENERGY CORPORATION, CMS Energy Corporation, CMS ENERGY CORPORATION, CMS Energy Corporation

CMS ENERGY CORPORATION

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2025 2025-01-01 – 2025-12-31

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