Operating Income
Operating Income
CMS Energy Operating Income increased by 12.6% to $490.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.8%, from $494.00M to $490.00M. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 10.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
Metric ID:
operating_incomeHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $252.00M | $260.00M | $204.00M | $456.00M | $239.00M | $258.00M | $271.00M | $314.00M | $244.00M | $271.00M | $406.00M | $412.00M | $283.00M | $367.00M | $425.00M | $494.00M | $317.00M | $481.00M | $435.00M | $490.00M |
| QoQ Change | — | +3.2% | -21.5% | +123.5% | -47.6% | +7.9% | +5.0% | +15.9% | -22.3% | +11.1% | +49.8% | +1.5% | -31.3% | +29.7% | +15.8% | +16.2% | -35.8% | +51.7% | -9.6% | +12.6% |
| YoY Change | — | — | — | — | -5.2% | -0.8% | +32.8% | -31.1% | +2.1% | +5.0% | +49.8% | +31.2% | +16.0% | +35.4% | +4.7% | +19.9% | +12.0% | +31.1% | +2.4% | -0.8% |
Range$204.00M – $494.00M
CAGR+15.0%
Avg YoY Growth+12.8%
Median YoY Growth+8.5%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Gas Utility | $311.00M | $65.00M | $33.00M | — | $333.00M |
| Electric Utility | $202.00M | $263.00M | $450.00M | — | $179.00M |
| NorthStar Clean Energy | -$17.00M | -$8.00M | $1.00M | -$4.00M | -$20.00M |
| Total | $494.00M | $317.00M | $481.00M | $435.00M | $490.00M |
Operating Income at Other Companies
Frequently Asked Questions
- What is CMS Energy's operating income?
- CMS Energy (CMS) reported operating income of $490.00M in Q1 2026.
- How has CMS Energy's operating income changed year-over-year?
- CMS Energy's operating income decreased by 0.8% year-over-year, from $494.00M to $490.00M.
- What is the long-term trend for CMS Energy's operating income?
- Over 4 years (2021 to 2025), CMS Energy's operating income has grown at a 10.8% compound annual growth rate (CAGR), from $1.15B to $1.73B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.