What is CMS Energy's interest expense?

CMS Energy (CMS) reported interest expense of $203M in Q1 2026.

How has CMS Energy's interest expense changed year-over-year?

CMS Energy's interest expense increased by 9.1% year-over-year, from $186M to $203M.

What is the long-term trend for CMS Energy's interest expense?

Over 4 years (2021 to 2025), CMS Energy's interest expense has grown at a 12.1% compound annual growth rate (CAGR), from $500M to $789M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

CMS Energy CMS Interest Expense

Interest Expense at other companies

Nextra EnergyNEE

$1.03B+63.4%

PG&EPCG

$803M+9.4%

Xcel EnergyXEL

$412M+24.1%

Duke EnergyDUK

$897M+8.9%

NorthWestern Energy Group, Inc.NWE

$39.92M+9.3%

BKH

Black HillsBKH

$53.1M+2.7%

Segments

By segment

See full

Electric Utility$82M—

Gas Utility$48M—

NorthStar Clean Energy$0—

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

See full

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

See full

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

See full

Operating margin19.5%-0.6pp

Net margin12.5%-0.6pp

FCF margin12.8%-8.1pp

Returns & leverage

See full

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:InterestExpenseNonoperating.

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 interest expense?: CMS Energy (CMS) reported interest expense of $203M in Q1 2026.
How has CMS Energy's interest expense changed year-over-year?: CMS Energy's interest expense increased by 9.1% year-over-year, from $186M to $203M.
What is the long-term trend for CMS Energy's interest expense?: Over 4 years (2021 to 2025), CMS Energy's interest expense has grown at a 12.1% compound annual growth rate (CAGR), from $500M to $789M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.