Discontinued — last reported Q4 '11
Construction work in progress
CMS Energy Construction work in progress increased by 17.8% to $3.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 48.5%, from $2.42B to $3.59B. Over 5 years (FY 2020 to FY 2025), Construction work in progress shows an upward trend with a 23.0% CAGR.
Analysis
How to read this metric
An increase suggests significant capital investment for future capacity or modernization, while a decrease may indicate project completions or a slowdown in infrastructure spending.
Detailed definition
This represents the total costs incurred for capital projects that are currently under construction but not yet placed i...
Peer comparison
Peers in the regulated utility sector typically maintain high levels of CWIP due to constant grid modernization and regulatory mandates.
other_construction_in_progress_grossHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $832.00M | $973.00M | $961.00M | $884.00M | $912.00M | $1.08B | $1.18B | $1.26B | $1.41B | $1.63B | $944.00M | $1.05B | $1.36B | $1.83B | $2.10B | $2.42B | $2.75B | $3.16B | $3.05B | $3.59B |
| QoQ Change | — | +16.9% | -1.2% | -8.0% | +3.2% | +18.2% | +9.6% | +6.9% | +11.5% | +15.5% | -41.9% | +11.2% | +29.2% | +34.6% | +14.8% | +15.3% | +13.6% | +14.8% | -3.4% | +17.8% |
| YoY Change | — | — | — | — | +9.6% | +10.8% | +23.0% | +42.9% | +54.4% | +50.8% | -20.1% | -16.9% | -3.6% | +12.4% | +122.2% | +130.5% | +102.7% | +72.9% | +45.5% | +48.5% |
Construction work in progress at Other Companies
Frequently Asked Questions
- What is CMS Energy's construction work in progress?
- CMS Energy (CMS) reported construction work in progress of $3.59B in Q1 2026.
- How has CMS Energy's construction work in progress changed year-over-year?
- CMS Energy's construction work in progress increased by 48.5% year-over-year, from $2.42B to $3.59B.
- What is the long-term trend for CMS Energy's construction work in progress?
- Over 5 years (2020 to 2025), CMS Energy's construction work in progress has grown at a 23.0% compound annual growth rate (CAGR), from $1.09B to $3.05B.
- What does construction work in progress mean?
- The total cost of capital projects currently being built but not yet operational.