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CMS Energy income statement

In fiscal 2025, CMS Energy reported revenue of $8.54bn, up 13.6% on the year before, operating income of $1.73bn (a 20.2% margin) and net income of $1.07bn, or $3.53 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue6,2056,4326,5036,2536,5667,1796,4566,3996,5836,8736,6246,4187,3298,5967,4627,5158,5398,975
Operating income6989781,0031,0031,1421,1521,1781,2561,3381,1621,1151,2301,1461,2241,2351,4871,7271,236
Interest expense435431415389398407396435438458460505500519643708789828
Provision for credit losses——444881920253860——————
Income before tax———6227567297968268867747648098239029541,1231,248673
Income tax1152241912453022502712734241151311159593147176246149
Net income2293404153824524775235514606576807551,3538378871,0031,071872
Diluted EPS$0.91$1.28$1.58$1.42$1.66$1.74$1.89$1.98$1.64$2.32$2.39$2.64$4.66$2.85$3.01$3.33$3.53$2.82
Diluted shares (average)238m253m263m269m272m275m277m279m281m283m284m286m290m290m292m298m301m309m
EBITDA1,2681,5541,5491,6011,7701,8371,9282,0672,2192,0952,1042,2732,2602,3502,4152,7273,0332,596

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from CMS Energy's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CMS Energy.