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CMS Energy CMS NorthStar Clean Energy — Income Tax

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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 / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 northstar clean energy — income tax?
CMS Energy (CMS) reported northstar clean energy — income tax of $7M in Q1 2026.
How has CMS Energy's northstar clean energy — income tax changed year-over-year?
CMS Energy's northstar clean energy — income tax decreased by 36.4% year-over-year, from $11M to $7M.
What is the long-term trend for CMS Energy's northstar clean energy — income tax?
Over 3 years (2021 to 2024), CMS Energy's northstar clean energy — income tax has grown at a 35.7% compound annual growth rate (CAGR), from -$2M to -$5M.
What does northstar clean energy — income tax mean?
The total amount of income tax expense allocated to the segment for the reporting period. This reflects the tax burden associated with the segment's earnings based on applicable tax laws.