What is CMS Energy's retained earnings?

CMS Energy (CMS) reported retained earnings of $2.61B in Q1 2026.

How has CMS Energy's retained earnings changed year-over-year?

CMS Energy's retained earnings increased by 19.8% year-over-year, from $2.17B to $2.61B.

What is the long-term trend for CMS Energy's retained earnings?

Over 5 years (2020 to 2025), CMS Energy's retained earnings has grown at a 62.7% compound annual growth rate (CAGR), from $214M to $2.44B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

CMS Energy CMS Retained Earnings

Retained Earnings at other companies

Nextra EnergyNEE

$37.83B+13.0%

PG&EPCG

$719M+137%

CNP

CenterPoint EnergyCNP

$2.45B+27.5%

Xcel EnergyXEL

$9.39B+7.9%

Duke EnergyDUK

$4.14B+57.2%

NorthWestern Energy Group, Inc.NWE

$919.14M+0.6%

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$22.97B+6.3%

Enterprise value$41.83B+8.1%

P/E20.8×-0.4×

P/S2.6×-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 / 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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: CMS Energy (CMS) reported retained earnings of $2.61B in Q1 2026.
How has CMS Energy's retained earnings changed year-over-year?: CMS Energy's retained earnings increased by 19.8% year-over-year, from $2.17B to $2.61B.
What is the long-term trend for CMS Energy's retained earnings?: Over 5 years (2020 to 2025), CMS Energy's retained earnings has grown at a 62.7% compound annual growth rate (CAGR), from $214M to $2.44B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.