Revenue
Total Revenue
CMS Energy Total Revenue increased by 22.3% to $2.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $2.45B to $2.73B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows an upward trend with a 3.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
Metric ID:
total_revenueHistorical 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 | $1.56B | $1.73B | $2.03B | $2.37B | $1.92B | $2.02B | $2.28B | $2.28B | $1.56B | $1.67B | $1.95B | $2.18B | $1.61B | $1.74B | $1.99B | $2.45B | $1.84B | $2.02B | $2.23B | $2.73B |
| QoQ Change | — | +10.7% | +17.9% | +16.8% | -19.1% | +5.4% | +12.5% | +0.3% | -31.9% | +7.6% | +16.6% | +11.6% | -26.1% | +8.5% | +14.1% | +23.0% | -24.9% | +10.0% | +10.5% | +22.3% |
| YoY Change | — | — | — | — | +23.2% | +17.3% | +12.1% | -3.8% | -19.0% | -17.3% | -14.4% | -4.7% | +3.3% | +4.2% | +2.0% | +12.5% | +14.4% | +15.9% | +12.3% | +11.6% |
Range$1.56B – $2.73B
CAGR+12.5%
Avg YoY Growth+4.3%
Median YoY Growth+7.9%
Current Streak3 quarters growth
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Residential | $753.00M | $834.00M | $970.00M | $1.33B | $895.00M | $981.00M | $1.16B | $1.55B |
| Commercial | $497.00M | $526.00M | $524.00M | $657.00M | $563.00M | $622.00M | $584.00M | $723.00M |
| Industrial | $182.00M | $174.00M | $184.00M | $203.00M | $209.00M | $210.00M | $202.00M | $235.00M |
| Other | $94.00M | $121.00M | $158.00M | $156.00M | $73.00M | $95.00M | $110.00M | $96.00M |
| Total | $1.61B | $1.74B | $1.99B | $2.45B | $1.84B | $2.02B | $2.23B | $2.73B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Electric Utility | $1.23B | $1.45B | $1.26B | $1.30B | $1.36B | $1.68B | — | $1.37B |
| Gas Utility | $307.00M | $213.00M | $653.00M | $1.05B | $387.00M | $234.00M | — | $1.24B |
| NorthStar Clean Energy | $74.00M | $82.00M | $81.00M | $99.00M | $92.00M | $108.00M | $109.00M | $118.00M |
| Total | $1.61B | $1.74B | $1.99B | $2.45B | $1.84B | $2.02B | $2.23B | $2.73B |
Total Revenue at Other Companies
Frequently Asked Questions
- What is CMS Energy's total revenue?
- CMS Energy (CMS) reported total revenue of $2.73B in Q1 2026.
- How has CMS Energy's total revenue changed year-over-year?
- CMS Energy's total revenue increased by 11.6% year-over-year, from $2.45B to $2.73B.
- What is the long-term trend for CMS Energy's total revenue?
- Over 4 years (2021 to 2025), CMS Energy's total revenue has grown at a 3.9% compound annual growth rate (CAGR), from $7.33B to $8.54B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.