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CMS Energy CMS Property, Plant And Equipment, Net, Excluding C W I P

Property, Plant And Equipment, Net, Excluding C W I P at other companies

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$1.5M-23.1%
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$28.3M+37.4%
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EVERTECEVTC
$64.62M+6.0%
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EVERTECEVTC
$64.62M+6.0%
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Epsilon EnergyEPSN
$4.08M+1,551%

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$21.66B-0.8%
Enterprise value$40.51B+4.1%
P/E19.6×-1.8×
P/S2.5×-0.3×

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 cms:PropertyPlantAndEquipmentNetExcludingCWIP.

The source filing: CMS Energy’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 11:28 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000811156-26-000024
Line itemMarch 312026December 312025
Plant, Property, and Equipment
Plant, property, and equipment, gross38,32337,763
Less accumulated depreciation and amortization10,38410,135
Plant, property, and equipment, net27,93927,628
Construction work in progress3,5943,052
Total plant, property, and equipment31,53330,680
Other Non‑current Assets
Regulatory assets3,2983,355

Item 1. Financial Statements

FAQ

What is CMS Energy's property, plant and equipment, net, excluding c w i p?
CMS Energy (CMS) reported property, plant and equipment, net, excluding c w i p of $27.94B in Q1 2026.
How has CMS Energy's property, plant and equipment, net, excluding c w i p changed year-over-year?
CMS Energy's property, plant and equipment, net, excluding c w i p increased by 9.6% year-over-year, from $25.48B to $27.94B.
What is the long-term trend for CMS Energy's property, plant and equipment, net, excluding c w i p?
Over 5 years (2020 to 2025), CMS Energy's property, plant and equipment, net, excluding c w i p has grown at a 6.7% compound annual growth rate (CAGR), from $19.93B to $27.63B.
What does property, plant and equipment, net, excluding c w i p mean?
This metric represents the book value of tangible assets excluding projects currently under construction, providing a view of the assets actively contributing to current operations. It is a critical figure for utilities as it represents the core infrastructure currently serving customers. By excluding construction in progress, it isolates the productive capacity of the existing network.

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