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CMS Energy CMS Industrial — Revenue recognized from contracts with customers

Other product segments

Residential
$1.55B+17.2%
Commercial
$723M+10.0%
Other
$96M-38.5%

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$11.22M+15.2%
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KOPNIndustrial — Revenue
$64.16K-83.6%

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$23.63B+16.1%
Enterprise value$42.49B+13.5%
P/E21.4×+1.4×
P/S2.7×+0.1×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp
FCF margin12.8%-8.1pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity2×0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's industrial — revenue recognized from contracts with customers?
CMS Energy (CMS) reported industrial — revenue recognized from contracts with customers of $235M in Q1 2026.
How has CMS Energy's industrial — revenue recognized from contracts with customers changed year-over-year?
CMS Energy's industrial — revenue recognized from contracts with customers increased by 15.8% year-over-year, from $203M to $235M.
What is the long-term trend for CMS Energy's industrial — revenue recognized from contracts with customers?
Over 4 years (2021 to 2025), CMS Energy's industrial — revenue recognized from contracts with customers has grown at a 5.0% compound annual growth rate (CAGR), from $678M to $824M.
What does industrial — revenue recognized from contracts with customers mean?
This metric represents the total revenue generated from providing utility services, such as electricity or natural gas, to industrial customers within the company's service territory. It reflects the demand for energy from large-scale manufacturing, processing, and industrial operations, which are typically sensitive to regional economic activity and industrial production cycles. This revenue stream is a critical component of the utility's regulated business model, providing insight into the industrial base's energy consumption patterns.