What is CMS Energy's net income?

CMS Energy (CMS) reported net income of $277M in Q1 2026.

How has CMS Energy's net income changed year-over-year?

CMS Energy's net income decreased by 6.1% year-over-year, from $295M to $277M.

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

Over 4 years (2021 to 2025), CMS Energy's net income has grown at a -6.8% compound annual growth rate (CAGR), from $1.33B to $1B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

CMS Energy CMS Net Income

Net Income at other companies

Nextra EnergyNEE

$1.69B+264%

PG&EPCG

$885M+39.6%

Xcel EnergyXEL

$556M+15.1%

Duke EnergyDUK

$1.01B+9.3%

NorthWestern Energy Group, Inc.NWE

$63.46M-17.5%

BKH

Black HillsBKH

$133.1M-2.4%

Segments

By segment

See full

Electric Utility$141M+2.4%

Gas Utility$134M+69.6%

NorthStar Clean Energy-$22M+18.5%

Other financials

Income statement

See full

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

See full

Market cap$23.17B+11.2%

Enterprise value$42.02B+10.8%

P/E20.9×+0.6×

P/S2.6×0.0×

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:ProfitLoss.

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 net income?: CMS Energy (CMS) reported net income of $277M in Q1 2026.
How has CMS Energy's net income changed year-over-year?: CMS Energy's net income decreased by 6.1% year-over-year, from $295M to $277M.
What is the long-term trend for CMS Energy's net income?: Over 4 years (2021 to 2025), CMS Energy's net income has grown at a -6.8% compound annual growth rate (CAGR), from $1.33B to $1B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.