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CMS Energy CMS Operating Lease ROU Assets

Discontinued — last reported Q4 '25

Operating Lease ROU Assets at other companies

PG&E logo
PG&EPCG
$0-100%
Unitil logo
UnitilUTL
$6.5M+4.8%

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 / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent.

The official record: CMS Energy’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's operating lease ROU assets?
CMS Energy (CMS) reported operating lease ROU assets of 5.3% in Q4 2025.
How has CMS Energy's operating lease ROU assets changed year-over-year?
CMS Energy's operating lease ROU assets decreased by 0.0% year-over-year, from 5.3% to 5.3%.
What is the long-term trend for CMS Energy's operating lease ROU assets?
Over 5 years (2020 to 2025), CMS Energy's operating lease ROU assets has grown at a 6.3% compound annual growth rate (CAGR), from 3.9% to 5.3%.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.