What is CMS Energy's PP&E (net)?

CMS Energy (CMS) reported PP&E (net) of $31.53B in Q1 2026.

How has CMS Energy's PP&E (net) changed year-over-year?

CMS Energy's PP&E (net) increased by 13.0% year-over-year, from $27.9B to $31.53B.

What is the long-term trend for CMS Energy's PP&E (net)?

Over 5 years (2020 to 2025), CMS Energy's PP&E (net) has grown at a 7.9% compound annual growth rate (CAGR), from $21.02B to $30.68B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

CMS Energy CMS PP&E (Net)

PP&E (Net) at other companies

Nextra EnergyNEE

$162.36B+14.2%

PG&EPCG

$98.22B+9.5%

Xcel EnergyXEL

$67.81B+15.3%

NorthWestern Energy Group, Inc.NWE

$6.79B+5.7%

BKH

Black HillsBKH

$8.39B+8.7%

MGE EnergyMGEE

$2.61B+13.5%

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$23.19B+11.2%

Enterprise value$42.05B+10.8%

P/E21×+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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: CMS Energy (CMS) reported PP&E (net) of $31.53B in Q1 2026.
How has CMS Energy's PP&E (net) changed year-over-year?: CMS Energy's PP&E (net) increased by 13.0% year-over-year, from $27.9B to $31.53B.
What is the long-term trend for CMS Energy's PP&E (net)?: Over 5 years (2020 to 2025), CMS Energy's PP&E (net) has grown at a 7.9% compound annual growth rate (CAGR), from $21.02B to $30.68B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.