What is CMS Energy's total revenue?

CMS Energy (CMS) reported total revenue of $2.73B in Q1 2026.

How has CMS Energy's total revenue changed year-over-year?

CMS Energy's total revenue increased by 11.6% year-over-year, from $2.45B to $2.73B.

What is the long-term trend for CMS Energy's total revenue?

Over 4 years (2021 to 2025), CMS Energy's total revenue has grown at a 3.9% compound annual growth rate (CAGR), from $7.33B to $8.54B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

CMS Energy CMS Total Revenue

Total Revenue at other companies

Nextra EnergyNEE

$6.1B+1.7%

PG&EPCG

$6.88B+15.0%

Duke EnergyDUK

$7.37B+3.1%

NorthWestern Energy Group, Inc.NWE

$497.57M+6.6%

BKH

Black HillsBKH

$780.7M-3.0%

MGE EnergyMGEE

$242.7M+10.8%

Segments

By product

See full

Residential$1.55B+17.2%

Commercial$723M+10.0%

Industrial$235M+15.8%

Other$96M-38.5%

By segment

See full

Electric Utility$1.37B+5.3%

Gas Utility$1.24B+18.6%

NorthStar Clean Energy$118M+19.2%

Other financials

Income statement

See full

Operating income$490.0M-0.8%

Net income$340.0M+11.8%

EPS (diluted)$1.10+8.9%

Balance sheet

See full

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

See full

Operating cash flow$705.0M-29.5%

CapEx$1.0B+17.0%

Free cash flow-$334.0M-398%

Valuation

See full

Market cap$23.63B+16.1%

Enterprise value$42.49B+13.5%

P/E21.4×+1.4×

P/S2.7×+0.1×

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:Revenues.

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 total revenue.

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

Connect your AI

Claude

Questions, answered.

What is CMS Energy's total revenue?: CMS Energy (CMS) reported total revenue of $2.73B in Q1 2026.
How has CMS Energy's total revenue changed year-over-year?: CMS Energy's total revenue increased by 11.6% year-over-year, from $2.45B to $2.73B.
What is the long-term trend for CMS Energy's total revenue?: Over 4 years (2021 to 2025), CMS Energy's total revenue has grown at a 3.9% compound annual growth rate (CAGR), from $7.33B to $8.54B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.