Electric Utility — CapEx
CMS Energy Electric Utility — CapEx remained flat by 0.0% to $602.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.7%, from $467.75M to $602.00M. Over 4 years (FY 2021 to FY 2025), Electric Utility — CapEx shows an upward trend with a 20.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher spending typically reflects aggressive grid modernization or capacity expansion, while lower spending may indicate a focus on cash preservation or completed project cycles.
Detailed definition
Measures the cash outflows used by the electric utility segment to acquire, upgrade, or maintain physical assets such as...
Peer comparison
Standard utility metric; peers often report this as CapEx or additions to utility plant.
cms_segment_electric_utility_capital_expendituresHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $1.15B | $1.27B | $2.08B | $1.87B | $2.41B |
| YoY Change | — | +9.7% | +64.5% | -10.1% | +28.7% |
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Frequently Asked Questions
- What is CMS Energy's electric utility — capex?
- CMS Energy (CMS) reported electric utility — capex of $602.00M in Q4 2025.
- How has CMS Energy's electric utility — capex changed year-over-year?
- CMS Energy's electric utility — capex increased by 28.7% year-over-year, from $467.75M to $602.00M.
- What is the long-term trend for CMS Energy's electric utility — capex?
- Over 4 years (2021 to 2025), CMS Energy's electric utility — capex has grown at a 20.2% compound annual growth rate (CAGR), from $1.15B to $2.41B.
- What does electric utility — capex mean?
- The amount of money spent by the electric utility segment on building or improving physical infrastructure.