Connect your AI

CMS Energy CMS Construction in progress

Construction in progress at other companies

Nextra EnergyNEE

$32.28B+46.3%

PG&EPCG

$4.81B+3.8%

MGE EnergyMGEE

$326.4M+288%

Other financials

Income statement

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

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

Operating cash flow$705.0M-29.5%

CapEx$1.0B+17.0%

Free cash flow-$334.0M-398%

Valuation

Market cap$23.08B+8.1%

Enterprise value$41.93B+9.1%

P/E20.9×0.0×

P/S2.6×0.0×

Profitability

Operating margin19.5%-0.6pp

Net margin12.5%-0.6pp

FCF margin12.8%-8.1pp

Returns & leverage

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:ConstructionInProgressGross.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

Ask your AI about CMS Energy's construction in progress.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Harbor at dusk

Questions, answered.

What is CMS Energy's construction in progress?: CMS Energy (CMS) reported construction in progress of $3.59B in Q1 2026.
How has CMS Energy's construction in progress changed year-over-year?: CMS Energy's construction 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 in progress?: Over 5 years (2020 to 2025), CMS Energy's construction in progress has grown at a 23.0% compound annual growth rate (CAGR), from $1.09B to $3.05B.
What does construction in progress mean?: Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.