What is CMS Energy's operating cash flow?

CMS Energy (CMS) reported operating cash flow of $705M in Q1 2026.

How has CMS Energy's operating cash flow changed year-over-year?

CMS Energy's operating cash flow decreased by 29.5% year-over-year, from $1B to $705M.

What is the long-term trend for CMS Energy's operating cash flow?

Over 3 years (2021 to 2025), CMS Energy's operating cash flow has grown at a 7.1% compound annual growth rate (CAGR), from $1.82B to $2.24B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

CMS Energy CMS Operating Cash Flow

Operating Cash Flow at other companies

Nextra EnergyNEE

$2.61B-5.6%

PG&EPCG

$2.43B-14.7%

Xcel EnergyXEL

$1.7B+65.1%

Duke EnergyDUK

$2.86B-3.0%

NorthWestern Energy Group, Inc.NWE

$159.41M+3.9%

BKH

Black HillsBKH

$176.2M-22.7%

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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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

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:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: CMS Energy (CMS) reported operating cash flow of $705M in Q1 2026.
How has CMS Energy's operating cash flow changed year-over-year?: CMS Energy's operating cash flow decreased by 29.5% year-over-year, from $1B to $705M.
What is the long-term trend for CMS Energy's operating cash flow?: Over 3 years (2021 to 2025), CMS Energy's operating cash flow has grown at a 7.1% compound annual growth rate (CAGR), from $1.82B to $2.24B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.