What is CMS Energy's long-term debt?

CMS Energy (CMS) reported long-term debt of $17.46B in Q1 2026.

How has CMS Energy's long-term debt changed year-over-year?

CMS Energy's long-term debt increased by 8.1% year-over-year, from $16.15B to $17.46B.

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

Over 5 years (2020 to 2025), CMS Energy's long-term debt has grown at a 8.7% compound annual growth rate (CAGR), from $11.74B to $17.81B.

What does long-term debt mean?

Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

CMS Energy CMS Long-Term Debt

Long-Term Debt at other companies

Nextra EnergyNEE

$93.95B+17.7%

PG&EPCG

$60.15B+14.2%

Xcel EnergyXEL

$35.55B+16.6%

Duke EnergyDUK

$78.91B+3.2%

NorthWestern Energy Group, Inc.NWE

$3.18B+1.5%

BKH

Black HillsBKH

$3.99B+1.0%

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

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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:LongTermDebtNoncurrent.

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 long-term debt?: CMS Energy (CMS) reported long-term debt of $17.46B in Q1 2026.
How has CMS Energy's long-term debt changed year-over-year?: CMS Energy's long-term debt increased by 8.1% year-over-year, from $16.15B to $17.46B.
What is the long-term trend for CMS Energy's long-term debt?: Over 5 years (2020 to 2025), CMS Energy's long-term debt has grown at a 8.7% compound annual growth rate (CAGR), from $11.74B to $17.81B.
What does long-term debt mean?: Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.