CMS Energy revenue
CMS Energy's revenue was $8.54bn in fiscal 2025, up 13.6% on the year before. Since fiscal 2009 ($6.21bn) it has grown at a compound 2.0% a year. Over the last twelve months it was $8.97bn.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,205 | 6,432 | 6,503 | 6,253 | 6,566 | 7,179 | 6,456 | 6,399 | 6,583 | 6,873 | 6,624 | 6,418 | 7,329 | 8,596 | 7,462 | 7,515 | 8,539 | 8,975 |
| Growth on the year before | — | +3.7% | +1.1% | −3.8% | +5.0% | +9.3% | −10.1% | −0.9% | +2.9% | +4.4% | −3.6% | −3.1% | +14.2% | +17.3% | −13.2% | +0.7% | +13.6% | — |
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Electric Utility | $5.6B | ▲ 11.7% |
| Gas Utility | $2.5B | ▲ 16.7% |
| North Star Clean Energy | $259M | ▲ 22.7% |
These categories overlap or exclude eliminations, so shares aren't shown.
From CMS Energy's 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| CMS Energy | $8.97bn | 8.2% | 4.8% |
| Ameren | $8.75bn | 3.8% | 2.3% |
| CenterPoint Energy | $9.82bn | 7.8% | 2.1% |
| NiSource | $6.80bn | 12.3% | 6.2% |
| Sempra | $13.55bn | 1.6% | -7.2% |
| Pinnacle West Capital | $5.55bn | 5.7% | 6.9% |
Compare with peers
Head to head: AEE vs CMSCMS vs CNPCMS vs NICMS vs PNW
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