CMSD NYSE
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079
1W: +0.8%
1M: -1.6%
3M: -8.0%
YTD: -11.9%
1Y: -14.8%
3Y: +0.9%
5Y: -2.2%
$20.43
+0.09 (+0.44%)
Weekly Expected Move ±2.0%
$20
$20
$20
$21
$21
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
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Analysis
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ETF Exposure
Dark Pool
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Revenue Segmentation
By Product / Service
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$8.5B
+13.6% ▲
5Y CAGR: +5.9%
Gross Profit
$2.2B
+13.8% ▲
5Y CAGR: +7.1%
Operating Income
$1.7B
+16.1% ▲
5Y CAGR: +7.0%
Net Income
$1.1B
+6.8% ▲
5Y CAGR: +7.2%
EPS (Diluted)
$3.53
+6.0% ▲
5Y CAGR: +6.0%
EBITDA
$3.0B
-1.7% ▼
5Y CAGR: +5.1%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $7.3B | $8.6B | $7.5B | $7.5B | $8.5B |
| YoY Growth | +14.2% | +17.3% | -13.2% | +0.7% | +13.6% |
| Cost of Revenue | $5.8B | $7.0B | $5.8B | $5.5B | $6.3B |
| Gross Profit | $1.5B | $1.6B | $1.7B | $2.0B | $2.2B |
| Gross Margin | 20.9% | 19.0% | 22.5% | 26.2% | 26.2% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | $389M | $412M | $447M | $482M | $513M |
| Operating Income | $1.1B | $1.2B | $1.2B | $1.5B | $1.7B |
| Operating Margin | 15.6% | 14.2% | 16.6% | 19.8% | 20.2% |
| Interest Expense | $500M | $519M | $643M | $708M | $789M |
| Income Before Tax | $823M | $902M | $954M | $1.1B | $1.2B |
| Tax Expense | $95M | $93M | $147M | $176M | $246M |
| Net Income | $1.4B | $837M | $887M | $1.0B | $1.1B |
| Net Margin | 18.5% | 9.7% | 11.9% | 13.3% | 12.5% |
| EPS (Diluted) | $4.66 | $2.85 | $3.01 | $3.33 | $3.53 |
| EBITDA | $2.4B | $2.5B | $2.8B | $3.1B | $3.0B |
| Shares Outstanding | 290M | 290M | 292M | 298M | 300M |