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CMS Energy CMS Other — Revenue recognized from contracts with customers

Other product segments

Residential
$1.55B+17.2%
Commercial
$723M+10.0%
Industrial
$235M+15.8%

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NFGOther — Total Revenues from Contracts with Customers
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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: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 other — revenue recognized from contracts with customers?
CMS Energy (CMS) reported other — revenue recognized from contracts with customers of $96M in Q1 2026.
How has CMS Energy's other — revenue recognized from contracts with customers changed year-over-year?
CMS Energy's other — revenue recognized from contracts with customers decreased by 38.5% year-over-year, from $156M to $96M.
What is the long-term trend for CMS Energy's other — revenue recognized from contracts with customers?
Over 4 years (2021 to 2025), CMS Energy's other — revenue recognized from contracts with customers has grown at a -4.2% compound annual growth rate (CAGR), from $516M to $434M.
What does other — revenue recognized from contracts with customers mean?
This metric measures revenue derived specifically from contractual agreements with customers within the company's miscellaneous or non-core business segments. It adheres to standard revenue recognition principles, reflecting the value of goods or services transferred to customers under defined terms. This provides transparency into the recurring or project-based nature of revenue outside the primary regulated utility business.